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NYC public transport set to go contactless

New York to roll out a contactless fares system across its public transport network, based on the system developed by Transport for London (TfL).

Deloitte opens blockchain lab in New York


Deloitte has launched a blockchain lab in New York’s Wall Street. 2017 could be its “make-or-break year” for blockchain, says Eric Piscini, principal with Deloitte Consulting. Joe Guastella, another principal with Deloitte Consulting, says its “ecosystem for education, ideation [we missed you jargon], strategy, application prototyping and development is there to support Deloitte’s clients and […]

Municipal Credit Union revamps digital payments with Payveris


Municipal Credit Union (MCU), a $2.5 billion credit union in New York, is implementing a new digital payments platform supplied by Payveris.

NYSE defends controversial “retrograde” self-regulation plan

NYSE has been criticised for its plan to take over surveillance from FINRA

Financial market participants have criticised plans for the New York Stock Exchange to begin monitoring itself through its non-profit division, NYSE Regulation, describing the move as a “retrograde step” that will never work in practice. NYSE is currently monitored by FINRA, an independent organisation.

Standard Chartered NY forced to suspend clearing following AML concerns

Hong Kong

Standard Chartered Bank’s New York business has been ordered to suspend US dollar clearing services to retail clients of the bank in Hong Kong, following an investigation by the New York State Department which determined its transaction monitoring system does not meet anti-money laundering requirements.

Perseus Telecom launches ‘trans-Atlantic’ microwave service

Perseus Telecom says its microwave route is the fastest way to reach New York

Perseus Telecom has launched what it claims is the first ‘trans-Atlantic’ microwave route between New York and Frankfurt, for use by banks, market makers, proprietary trading firms and other market participants.

Swift names semi-finalists for US start-up challenge


Swift’s Innotribe innovation project has chosen the 15 US semi-finalists for its start-up challenge, which aims to bring together innovative ideas in financial services and turn them into functioning businesses.