(FTF News is sampling the flurry of securities industry predictions that are hitting as 2017 becomes reality and 2016 starts to fade. This review of predictions will be presented in three parts this week. This is the first installment (click here for second installment and here for third installment) and it focuses on what may… Read More >>
SETL, Cobalt DL to Create FX Post-Trade DLT Solution
Two distributed ledger technology (DLT) pioneers SETL, a London-based financial blockchain specialist, and Cobalt DL, a private peer-to-peer network provider, have joined forces via a new partnership intended to yield a post-trade platform for foreign exchange (FX) transactions. “In June 2016, SETL announced the launch of our blockchain-powered OpenCSD platform, which enables any market participant… Read More >>
Rabobank, D&H Complete Blockchain Proof-of-Concept Project
The Project’s Success Bodes Well for Other DLT Applications DH Corp., a provider of technology solutions to financial institutions globally, and Dutch bank Rabobank announced that they have successfully completed a proof of concept for blockchain/distributed ledger technology (DLT) that supports D+H’s payments services hub, and paves the way for other applications of DLT…. Read More >>
Cobalt DL Wants to Take Ops Out of the Dark Ages
Financial technology vendor Cobalt DL has kick started the beta testing on its distributed ledger network, which it hopes will streamline post-trade processes and create a singular database for foreign-exchange (FX) transactions. Spearheaded by former Citi and Deutsche Bank executive Andy Coyne, the platform, which is backed by eight of the world’s largest players in… Read More >>
RNC Genter Deploys Single-Point Access to Fiserv Network
Firm to Use Fiserv’s Asset Manager Connect Asset manager RNC Genter Capital Management is using Asset Manager Connect from Fiserv to “increase access to managed account sponsors and grow their client base,” officials say. The Asset Manager Connect links lets firms easily communicate with managed-account sponsors across the Wealth Management Network from Fiserv, officials say…. Read More >>
Major Banks to Mentor FinTech Startups in Asia
FinTech Innovation Lab to Help Eight Entrepreneurs Eight financial technology vendors with a range of new offerings including a know your customer (KYC) combination with distributed ledger technology, have been accepted into a 12-week mentorship program in the third annual FinTech Innovation Lab Asia-Pacific, officials say. Other startups participating in the lab are working on… Read More >>
BarCap to Pay $2M in CFTC, FINRA Fines
Barclays Capital, the investment banking arm of the London-based banking multinational, has been hit with $2.1 million in fines for various reporting, clearing and trading violations, and for related supervision failures. Those penalties include an $800,000 fine from the CFTC and a $1.3 million fine from the Financial Industry Regulatory Authority (FINRA). FINRA fined BarCap,… Read More >>
Report Bursts Blockchain/DLT Bubbles for Ops
There is no doubt that Blockchain/distributed ledger technology (DLT) has become one of the most talked about technologies in the world. Conferences, articles and events have been hailing its attributes but a recent report by Boston-based management consultancy Opimas shows that the technology may not be the panacea that many market participants are envisioning. The… Read More >>
Sapient’s RegRecon Targets Key Recs Woes
Consultancy Sapient Global Markets says it’s taking on the reconciliation issues of low-match rates and inaccurate regulatory reporting via the launch of the RegRecon middleware that the vendor says will facilitate automated trade matching and reconciliation, break management, and a workflow for resolution. “The regulators require institutions to establish processes for identifying and resolving data… Read More >>
SWIFT Urges a Cautious Embrace of DLT
The financial messaging and systems cooperative SWIFT is urging a cautious embrace of the much-hyped blockchain/distributed ledger technology (DLT) while acknowledging that it is engaged in many R&D and proof-of-concept projects. SWIFT is laying out its response to the DLT phenomenon via a position paper written with global professional services provider Accenture, and via the… Read More >>
