214 articles tagged with this keyword
News/ai
BNP Paribas has teamed up with Millennium Global Investments (MGI) on a foreign exchange index that uses artificial intelligence.
06 March 2019
News/Foreign exchange
IHS Markit has taken a minority stake in blockchain-based post-trade processing network Cobalt, embedding its MarkitSERV operation deeper into currency trading back offices.
30 January 2019
HSBC says its use of distributed ledger technology over the last year to settle more than three million foreign exchange transactions has proved a big hit.
15 January 2019
Financial regulators in Japan and Singapore have given a green light to UK-based fintech Revolut and its bid to expand in Asia Pacific
29 November 2018
FX risk reduction utility CLS has gone live with CLSNet, a bilateral payment netting application running on distributed ledger technology from IBM
28 November 2018
Morgan Stanley has invested $15 million in foreign exchange technology outfit Integral.
27 November 2018
E-invoicing and direct debits stand to be transformed as a result of the P27 initiative, as well as the promotion of healthy competition among banks for new products and services, according to panellists at Finextra's NextGen Banking Nordics annual conference in Stockholm
23 November 2018
Goldman Sachs and Nyca Partners have led a $32 million funding round in enterprise blockchain vendor Axoni.
14 August 2018
Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2018, in Miami. This event will focus on important issues affecting the financial industry in the region, and how the financial community can seize the opportunities that are emerging.
05 June 2018
Blockchain consortium R3 has banked a $5 million investment from FX risk platform CLS.
31 May 2018
The deployment of blockchain technology to streamline foreign exchange post-trade confirmation and matching has moved a step closer with the replication of an FX forward trade conducted by Commerzbank on behalf of thyssenkrupp across R3 Corda.
24 May 2018
Coincheck, a Japanese cryptocurrency exchange that made news in January when hackers stole $500m of customers' deposits, has been sold to Japanese retail broker Monex for $34m (3.6bn yen).
06 April 2018
CME Group has reached agreement on a £3.9 billion take over of the UK's NEX Group, in a deal that promises to transform the world's currency and sovereign debt markets.
29 March 2018
Finastra has acquired Geneva-based eFX supplier Olfa Soft to capitalise on an ongoing shift to automated machine-to-machine electronic trading in currency markets.
30 January 2018
A London court has heard testimony from a fired Barclays FX trader about his use of the bank's FX algorithmic trading system in his bid to win his job back, reports Bloomberg.
15 January 2018
Bloomberg is to provide forex traders with pricing on alternative virtual currencies, including Ether, Ripple's XRP and litecoin, alongside bitcoin charts as speculative investors pile into crypto-markets.
18 December 2017
The two founders of start-up foreign exchange service TransferWise are reported to be preparing a sale of some of their shares in a further round of fundraising that could see the company's valuation exceed £1.2 billion, consolidating its unicorn status.
31 October 2017
Cobalt, the FX post-trade processing network based on shared ledger technology, has closed an investment from Henry Ritchotte, the former Deutsche Bank COO who will also become a member of the startup's strategic advisory board.
03 August 2017
Euronext is to acquire a 90% stake in spot FX trading network FastMatch for an initial cash consideration of $153 million.
23 May 2017
Citadel Securities and XTX Markets have signed up as launch partners for the live implementation of Cobalt's FX post-trade processing network, a DLT-based platform founded by currency trading veterans Andy Coyne and Adrian Patten.
11 May 2017
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