Top fintech stories this week – 2 December 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Calypso deploys collateral management system at AIMco; partners with R3 for blockchain post trade system

Calypso joins the blockchain rush

Treasury and capital markets (TCM) vendor Calypso has implemented its collateral management system at Alberta Investment Management Corporation (AIMco). It has also joined forces with the R3 blockchain consortium to build TCM applications on R3’s Corda distributed ledger technology platform.

More banks to opt out of R3 blockchain consortium

Should I stay or should I go

US Bancorp, Macquarie and JP Morgan are understood to be in the “leave” camp as they have opted out of the upcoming fundraising effort of the R3 blockchain consortium.

Top fintech stories this week – 25 November 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Morgan Stanley and National Australia Bank to leave R3?

Going separate ways

Morgan Stanley and National Australia Bank (NAB) are understood not to be renewing their membership with the R3 blockchain consortium.

R3 blockchain consortium loses another member, Santander

Say hello, wave good-bye

Santander has decided to leave the R3 blockchain consortium, which it joined last December. Meanwhile, R3 has slashed its fundraising target to $150 million from the original $200 million.

Goldman Sachs leaves R3 blockchain consortium

goldman sachs

Goldman Sachs has dropped out of the R3 blockchain consortium, according to the Wall Street Journal. The bank was one of nine original members of R3, but let its membership lapse. A spokeswoman for Goldman Sachs told the Wall Street Journal that it will continue to work with blockchain. No other details were forthcoming. As […]

R3 and ten member banks develop KYC service proof-of-concept

Trouble in R3 paradise?

The R3 consortium and ten of its member banks have developed a proof-of-concept (PoC) for a know your customer (KYC) registry “that addresses the challenges associated with satisfying KYC requirements and allows identities to be managed by their owners”.

SEB and Ripple to build real-time payments system on blockchain

Paula da Silva, SEB

SEB has teamed up with blockchain specialist Ripple to enable SEB customers to make real-time transfers between SEB accounts in Stockholm and New York. This is “the first step” of a larger blockchain-based payments project.

R3 blockchain code goes open source

Trouble in R3 paradise?

R3 has made its blockchain platform’s code publicly available as it seeks to make it an industry standard. The Corda platform has been developed by R3’s consortium, which comprises more than 60 financial institutions around the world (the latest addition is Synchrony Financial – the first credit card company to join the consortium). “We want […]