UK fintechs Token and Tradeteq get investment
$15m for open banking payments platform Token and $9.4m for trade finance tech specialist Tradeteq.
Trading Technology
Crypto liquidity firm Wintermute raises $20m in Series B round
Firm plans to expand into derivatives and new markets in Asia.
Spectrum Equity invests $51m in OTC firm Quantile Technologies
Spectrum’s MD joins the Quantile board of directors.
CME Group and IHS Markit create post trade joint venture
A handful of CME’s systems will combine with IHS’ MarkitServ.
Standard Chartered goes live on Cobalt brokerage platform
Major bank signed up to Cobalt’s network last year.
eToro plans for a $5 billion US IPO
The broker is eyeing a listing in New York and is already in talks with Goldman Sachs.
US state regulator says Robinhood is “aggressively marketing” to novices
The regulator calls out Robinhood’s approach of “gamifying” trading.
eToro soars to $2.5bn valuation, tripling since 2018
Israel-based brokerage firm has also recruited 300 people this year.
Market infrastructure firm Pico raises $135m in Series C
Intel Capital leads the latest round for network company.
Shinhan Bank Vietnam goes live on Finastra risk platforms
Fusion Risk and Fusion Kondor deployed during the pandemic.
Tokyo Stock Exchange CEO steps down after damaging systems failure
Koichiro Miyahara resigns as regulators continue to examine exchange’s closure.
Banking Tech Awards 2020 hosted online by Tom Ward
Join comedian Tom Ward for the 2020 Banking Tech Awards. Broadcast online on 10 Dec, 3:30pm GMT and is free to attend.
Australia’s largest stock exchange suffers worst outage in more than a decade
“If a software issue has caused the outage, an exchange might well have a claim”.
BBVA taps Amazon and Bloomberg for cloud-based equities platform
Spanish giant launches “BBVA C-fit” for its corporate banking division.
Credit Suisse’s Canadian arm goes live with London fintech Torstone
“The opportunity to reduce our total cost of ownership was a key driver,” says bank.
ASX delays CHESS replacement to April 2023
This is the third delay to ASX’s blockchain-based CHESS replacement system.
TradingView makes UK switch as COVID-19 boosts global users
TradingView has landed six funding rounds totalling $40.8 million.
Trading 212 integrates TrueLayer’s open banking platform
The API allows users to quickly and securely fund their investment account, using payments initiation.
Aussie trading app Stake makes leap to LatAm with Brazil launch
“LatAm looks to the US as a beacon,” says COO.
Citi invests in markets software firm Genesis Global Technology
The undisclosed strategic injection sees Citi deploy some Genesis tech.
FCA to ban the sale of crypto-derivatives to retail customers
UK regulator aims to clamp down on products “ill-suited” to the public.
Bank of Thailand launches “world’s first” blockchain platform for bond issuance
IBM acted as a technology partner with its IBM Cloud.
Sibos 2020: Industry has widespread “dissatisfaction” with transaction monitoring
Costs, compliance and confusion need to be solved by new technology, says panel.
Tokyo Stock Exchange grinds to a halt in worst outage for 21 years
A hardware issue caused trading to cease for an entire day.
DTCC appoints Lisa Hershey as new chief compliance officer
Hershey has worked at DTCC for more than a decade.
Impact investing: the powerful new trend
Barry Palte, chairman of EQ Capital Partners makes a case for ESG investments.
The new face of client relationships in wealth management
Wealth managers now have access to more tools than ever to digitise processes.
Ex-N26 employee lands $1.8m to launch ETF-linked checking account
“This is an everyday account, we don’t want you to risk your money,” says CEO.
The PRIIPs EU stalemate: the story so far
The fate of the current PRIIPS Key Information Documents (KIDs) remains uncertain.
HKEX appoints Credit Suisse’s Richard Wise as new CRO
Wise steps in to replace John Killian, who retires from the role.
Robinhood faces SEC probe over deal disclosure
US brokerage unicorn in hot water over order flow dealings.
Trade Republic launches share savings plan to rival incumbents
It claims to be the first to bring consumers the service for free.
Citigroup first US bank to snag Chinese custody licence
Citi China can now open up custodian banking services.
Four US digital trading apps experienced technical issues this week
It’s rare for as many as four digital brokerage platforms to experience issues all at the same time.
Saudi Stock Exchange launches new markets on Nasdaq technology
Tadawul debuts derivatives market and clearing house.
Video: Top fintech stories this week – 28 August 2020
FinTech Futures’ weekly news round-up.
NZX halts trading for third day after DDoS attack
NZX came under attack on Tuesday through its internet service provider.
Nasdaq proposes IPO alternative to raise funds
Nasdaq’s proposal to the SEC pushes for alternative routes to the public markets.
LA start-up AmplifyX lets investors build portfolios around musicians
From 2015 to 2019, the entire music industry grew sales at a 9% rate.
iSignthis files AUD 264m against Australian Securities Exchange
The feud has its roots in ASX’s removal of iSignthis shares from trading.
