Clearing and settlement
Vendors Feel Heat as Regulators Pile Pressure on Third-Party Resiliency
UK regulators have proposed new laws to clamp down on operational resilience and third-party risk, pushing fintechs to put some skin in the game.
Illuminate Rounds Out Baton Systems Funding with $4m Investment
This is the first investment Illuminate has made in a company offering DLT-based tech.
HSBC Securities Arm ‘Strangles’ Legacy Tech with API Wrapper
The securities services business has embarked on an API strategy to offload its legacy tech and produce better connected products.
Blockchain in the Capital Markets: Slow Progress in 2019
While real blockchain rollouts are still few and far between, some firms made progress in 2019. Here are 18 projects in some stage of development.
This Week: Digital Asset, BNY Mellon-SimCorp, AccessFintech & More
A summary of some of the past week’s financial technology news
Barclays: The Future of Post-Trade is a Common Utility Platform
Financial firms are pushing for a distributed market infrastructure model through efforts like Isda's Common Domain Model and distributed ledger technology.
DTCC Explores Gatekeeper Role for DLT Networks
Post-trade company looks to stay ahead of DLT curve with plans to act as CCP for firms trading on permission-based blockchains.
Botswana Stock Exchange To Replace LSEG's Settlement System with CMA
The exchange will change its settlement system to Sweden-based CMA as it looks to add new features.
Barclays Nearly Finished with First Major Quantum Computing Experiment
Dr. Lee Braine walks through how the bank is experimenting with quantum computing and where the field is heading.
As Blockchain Projects Sputter, Capital Markets Firms are Having Second Thoughts
WatersTechnology examines some of the disillusionment permeating the capital markets when it comes to blockchain.
CLS Appoints Central Banker as CEO
Marc Bayle de Jessé brings markets infrastructure and payments experience to CLS.
Industry Participants Differ on Blockchain Benefits
As some firms are pushing forward with blockchain projects, others are saying it's not yet ready for prime time.
Safe as Houses
If you want the definition of a circular argument, talk to anyone involved with clearing about resilience and recovery. But more pernicious risks remain unaddressed.
ASX Offers Free Blockchain Settlement to Lure Early Adopters
ASX plans to release the CHESS replacement in 2021 and the hope is to cut into Swift settlements.
HKEx Lays Out Three-Year Technology Plan
Exchange says upcoming Ronghui Tongjin acquisition will enhance its own IT strategy.
Velocity Ledger Taps Prime Trust for Digital-Asset Custody
Velocity Ledger Financial will also soon launch an issuing-and-settlement platform to tie together different kinds of blockchains.
Startup Fincross to Onboard Clients, Launch Crypto Custody in Q2
Subject to regulatory approval, the newly created digital asset investment bank plans to launch a custody solution in April.
HKEx Adopts Traiana FX Clearing Solution
Market participants can now clear deliverable FX trades regardless of how they were executed.
A Look Back at Major Developments in Asia from 2018
From the data battle between the SGX and India to the ASX green-lighting its clearing blockchain project, Wei-Shen Wong looks back on topics that made headlines this past year.
Northern Trust Plans Wider Blockchain Rollout in 2019
The bank currently has two blockchain projects in train, for private equity and clearing.
Citi's Chen Joins HKEx for Post-Trade BizDev
Cindy Chen will oversee HKEx’s blockchain-enabled post-trade allocation and processing platform project.
Ripple Targets Correspondent Banks in Southeast Asia
The firm recently added Siam Commercial Bank to the network, allowing the bank to act as a clearing provider, and receive and forward on payments.
DTCC, Symphony Partner to Offer Faster Exception Resolution
DTCC will integrate Symphony's chat capabilities with its DTCC Exception Manager platform.
David Puth Steps Down as CEO of CLS
After six years leading CLS, David Puth is relinquishing his role as CEO.