ASX delays CHESS replacement to April 2023
This is the third delay to ASX’s blockchain-based CHESS replacement system.
Treasury & Capital Markets/TCM
Stability of financial institutions during and beyond COVID-19
How should banks provide consumers with what they need and can afford?
Chinese regulator approves Hong Kong leg of Ant’s $30bn IPO
The company still needs approval from the Hong Kong stock exchange’s listing committee.
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.
A sector ready for change
The Black community has been fighting for change for many years, often falling on deaf ears.
JP Morgan Asset Management signs Morgan Money deal with SAP
SAP to deploy Morgan Money on its client-facing delivery platform.
Impact investing: the powerful new trend
Barry Palte, chairman of EQ Capital Partners makes a case for ESG investments.
ClearBank offers multi-currency accounts through JP Morgan API
UK clearing bank claims to be the first of its kind to provide the service.
FinovateFall 2020: Banking-as-a-Service shows industry’s future value
A panel of bankers discuss the potential of opening up to customers.
Swift unveils expansion plans to “fundamentally transform” transaction management
The interbank network plans to revamp the way transactions are processed.
GAO urges FDIC to stop examiners fishing for bank jobs
Congress’s investigative branch calls on bank regulator to do more.
The PRIIPs EU stalemate: the story so far
The fate of the current PRIIPS Key Information Documents (KIDs) remains uncertain.
Swedish Export Credit Corporation picks FIS for loan origination
SEK picks Commercial Loan Origination and FIS Ambit.
Sterling National Bank picks Cashfac for back office tech
The bank is deploying Cashfac’s VBT system in the cloud.
Citigroup first US bank to snag Chinese custody licence
Citi China can now open up custodian banking services.
Saudi Stock Exchange launches new markets on Nasdaq technology
Tadawul debuts derivatives market and clearing house.
VPBank revamps treasury systems with Finastra
Vietnamese bank partitions treasury ops from main core banking system.
Barclays snaps up JP Morgan’s head of ECM Europe
Esteve has been a managing director at JP Morgan’s ECM for the last 18 years.
Nasdaq proposes IPO alternative to raise funds
Nasdaq’s proposal to the SEC pushes for alternative routes to the public markets.
London to maintain grip on EU clearing post Brexit
COVID-19 thwarts Frankfurt’s plans to grab clearing business from Britain.
Bond issuance is ballooning
But the process of issuing bonds is unbelievably slow and largely manual.
ABN Amro to slash size of investment bank after losses
A €703 million impairment charge is behind the bank’s losses.
BankMobile sells for $35m less than failed deal three years ago
BankMobile was supposed to be acquired back in 2017.
National Bank of Bahrain signs Infosys Finacle for transaction banking
The new deal is part of the bank’s ongoing digital transformation.
Affirm eyes IPO with up to $10bn valuation
PoS lender is working with Goldman Sachs in early-stage discussions of a potential listing.
BBVA collaborates with Fujitsu on quantum tech proof of concept
Spanish giant thinks quantum will be key to industry future.
National Bank of Bahrain picks Bloomberg risk management tech
TOMS and MARS to be deployed at the GCC bank.
nCino prices IPO above price range at $31 a share
The company sold 8.06 million shares to raise $249.86 million on 13 July.
White paper: Rearchitecting and simplifying post-trade operations
How cloud and innovative tech adoption can help overcome challenges in post-trade operations.
ASB Bank replaces legacy trade finance system with CGI’s Trade360
The New Zealand bank is deploying the platform on the cloud.
Forte Securities picks Profile Software’s Axia
London-based broker selects Profile to power custody services.
Commerzbank fined €650k by Cypriot regulator
German bank sanctioned in relation to dealings with now-defunct Laika
Lemonade lands $319m in IPO
The SoftBank-backed insurtech sold 11 million shares priced at $29 each.
Commerzbank shareholder calls for 7,000 job cuts
Cerberus Capital Management makes demands of German bank.
65% of banks say legacy systems holding back Swift gpi adoption
Volante, HSBC and Deutsche Bank, share their insights on a recent webinar regarding Swift gpi.
US regulators relax Volcker Rule restrictions
Major US banks allowed to unlock wider range of investment options.
Report: Five success factors for an ideal ISO 20022 migration
ISO 20022 represents an opportunity for banks to reinvent the way they operate.
Wirecard files for insolvency amid accounting scandal
The paytech owes creditors almost $4 billion after disclosing a gaping hole in its books.
