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.
Trading Technology
Robinhood faces SEC probe over deal disclosure
US brokerage unicorn in hot water over order flow dealings.
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.
Video: Top fintech stories this week – 28 August 2020
FinTech Futures’ weekly news round-up.
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.
Gemini picks Eventus Systems for trade surveillance
Popular cryptocurrency exchange boosts its monitoring.
Robinhood’s value tops $11bn on new funding round
The new valuation increased by nearly one-third from a previous round just one month ago.
Robinhood kicks off hiring spree in Texas and Arizona
Trading app says it plans to hire hundreds of new support staff.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
Stock trading apps are booming, but what about the education gap?
Are fintechs just “paying lip service” to education?
Carta faces gender discrimination lawsuit
Paying her less than her male peers and subjecting her to other forms of gender discrimination.
Robinhood scraps UK expansion plans
The fintech landed its licence last August.
National Bank of Bahrain picks Bloomberg risk management tech
TOMS and MARS to be deployed at the GCC bank.
White paper: Rearchitecting and simplifying post-trade operations
How cloud and innovative tech adoption can help overcome challenges in post-trade operations.
Robinhood lands $320m bumping valuation to $8.6bn
Its Series F stands at $600 million.
US regulators relax Volcker Rule restrictions
Major US banks allowed to unlock wider range of investment options.
CFTC fines Deutsche Bank $10m for swaps failure & trade spoofing
Banking giant caught out by US regulator.
Bank of America goes live on securities platform from Wematch and Pirum Systems
The combined system made its first transaction on 10 June.
Bank of America’s Merrill revamps client management workstation
The old system has been in place since the early 2000s.
JP Morgan integrates Bloomberg’s AIM in post-trade partnership
Two firms hope that post-trade processes can be “transformed”.
Deutsche Börse signs market data deal with Chinese firm Wind
German exchange wants to grant Chinese investors greater access to European markets.
JP Morgan to deploy Calastone tech for automated settlement
The partnership marks an industry first, according to JP Morgan and Calastone.
What the Fintech? Episode 5 | Digital disruption: innovation in investments
CEO of the investment trading app, Evarvest, reveals the timeline of its launch in the UK.
Fintech investment tips: ETFs, CFD and beyond
Opportunities for traders are no less diverse in the modern market.
Currencycloud strikes FX partnership with Derivative Path
Partnership will see both firms combine their systems.
2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
Transforming corporate treasury: What lies ahead and what is the impact of Swift gpi?
For many years multinationals and others have struggled with cross-border payments.
Banks test disaster recovery sites and send staff home amid coronavirus
Senior bank execs are concerned about broadband capacity at their employees’ homes.
Standard Chartered joins Cobalt post-trade network
Multinational bank seeks to diversify its services to emerging markets.
Santander Corporate & Investment Banking picks Bloomberg DLIB
Bank plans to use DLIB to provide structured investment products.
Sucden Financial signs up to Cobalt post-trade technology network
The derivatives firm will use Cobalt for its FX operations.
BMO to acquire Clearpool
The transaction is subject to receipt of required regulatory approvals & conditions.
Covered Bond Bank migrates international branches to Avaloq Banking Suite
New York, Singapore, and Shanghai all switch to Avaloq system.
Supplement: the 2019 fintech review
Ruby Hinchliffe dissects her top five 2019 fintech trends from this year’s top stories!
What is the best time to buy cryptocurrencies?
Everything you need to know when investing in cryptocurrency.
Banking Technology December 2019 / January 2020 issue out now
A year in review.
Start-up Saga launches stabilised SGA token with major bank and exchange advisors
JP Morgan Chase’s chairman and former deputy attorney-general of Israel are on the board.
HSBC turns to blockchain to digitise private placement records
The bank has launched its new Digital Vault platform.
