All articles by : Antony PeytonRSS

Korean stock exchange plans blockchain-powered platform


Korea Exchange (KRX), the securities exchange operator in South Korea, plans to launch a platform powered by blockchain to liven up the off-board trading market. According to The Korean Times, KRX has started “preliminary steps” to introduce the new platform connecting sellers and buyers to trade securities directly. “Though many steps remain before the system’s […]

ABN Amro teams with First Data for payments

Berend Dinkla, director of products & business development at ABN Amro corporate banking

Dutch state-owned bank, ABN Amro, is partnering with US-based First Data for payments and will offer services through its joint venture European Merchant Services (EMS). EMS has been processing credit card and debit card payments for businesses for over 25 years, and ABN Amro says entrepreneurs and small business owners will be able to add […]

Robots to rule as Mizuho Bank modernises with IBM Research platform


Mizuho Bank plans to use a new robotics platform developed by IBM Research-Tokyo for the bank’s customer service-oriented robots. IBM says its researchers are developing new technologies that will “benefit” Mizuho’s Robotics platform by tapping into Watson’s (IBM’s cognitive technology) language and other capabilities to provide a “smoother human/robot interaction and to enable collaboration between […]

ICE pours cold water on Deutsche Börse and LSE merger bid


New York Stock Exchange owner, Intercontinental Exchange (ICE), says it may make a rival bid for London Stock Exchange (LSE) – setting up a potential takeover battle with Deutsche Börse. ICE says an approach on the LSE hasn’t been made yet, but the speculation lifted LSE shares to a record high today (1 March 2016). […]

Torstone Technology expands in Asia


Torstone Technology, a post-trade securities and derivatives processor, has further expanded in Asia with new appointments and the launch of a standalone reporting module in Japan. The company says “in the coming months” Gordon Russell will start his tenure as head of sales and business development for Asia, based in Singapore. This follows previous and […]

Out of Africa for Barclays as profit falls

Barclays chief executive Jes Staley

Barclays is leaving Africa as it looks to consolidate the group and increase shareholder returns after a 2% drop in full-year profit. The bank will sell its 62% stake in Barclays Africa Group Limited (BAGL) over the coming few years and then focus on two divisions – Barclays UK and Barclays Corporate and International. BAGL […]

Deutsche Börse sells Infobolsa to BME


Spain’s Bolsas y Mercados Españoles (BME) has bought securities information provider Infobolsa from Deutsche Börse for €8.2 million in cash. The agreement also includes the acquisition of Infobolsa’s wholly-owned subsidiaries: Difubolsa (Serviços de Difusão e Informação de Bolsa) and Infobolsa Deutschland. Consequently, BME, through Infobolsa, will also become the owner of Open Finance, another Spanish […]

Mizuho and Cognizant join forces for blockchain-backed record-keeping

Prasad Chintamaneni, president, banking and financial services at Cognizant

Mizuho Financial Group and Cognizant have teamed up to develop a blockchain solution for the “secure” record-keeping of documents among Mizuho Financial Group companies around the world. The agreement is the beginning of Mizuho’s programme to use blockchain for building new work processes for transactions and digital interactions. This engagement will initially focus on New […]

Number26 and TransferWise partner for international money transfers

Number26 co-­founder and CEO Valentin Stalf

German digital bank Number26 and TransferWise, a UK-based international money transfer platform, have teamed up to provide Number26 customers with direct “in­-app” access to TransferWise’s service. Number26 co-­founder and CEO Valentin Stalf says the company wants banking products to be “accessible to customers with one tap, creating a fintech hub inside the Number26 app”. The […]

Crealogix’s Elaxy to roll out consulting platform for Bankhaus August Lenz


Crealogix’s subsidiary Elaxy Financial Software & Solutions will roll out a hybrid consulting platform at Bankhaus August Lenz in Germany. The solution, developed in nine months, is ready for MiFID II (markets in financial instruments directive) and PRIIP (packaged retail and insurance-based investment products) regulations. It is also integrated into the bank’s online banking system […]