Blockchain takes a back seat as banks focus on AI and data
Research from AFME and PwC found that blockchain has little or no current technology investment focus for the majority of banks.
Tag: FinTech
BNY Mellon targets AI and robotics with appointment of digital head
BNY Mellon has appointed a head of digital to drive the bank’s strategic digital direction and focus on new technologies.
Investment Association adds first FinTech member to boost buy-side engagement
Addition of RegTech firm ClauseMatch as IA member aimed at increasing buy-side engagement with FinTechs.
JP Morgan, Franklin Templeton back blockchain FinTech with $32 million investment
Axoni closes Series B funding round with participation from JP Morgan, Wells Fargo, Franklin Templeton Investments and NEX Group.
Regulators look to establish global FinTech innovation sandbox
The UK’s FCA and ten other financial regulators have laid out plans for a new global financial innovation network.
Barclays, JP Morgan and NEX target voice trading with $14 million investment
Major institutions back cloud-based voice communications FinTech firm Cloud9 Technologies with latest investment round.
Blockchain tech provider Cobalt launches post-trade FX service with BT
FX post-trade blockchain network Cobalt has launched its service on the BT Radianz Cloud.
Barclays and Citi partner with CLS and IBM on blockchain project
Nine financial institutions will participate in a proof of concept for platform powered using blockchain technology to share and use various services.
Credit Suisse invests in buy-side software startup
Assetmax gains investment from Credit Suisse’s SME FinTech investment arm SVC Ltd.
More than half of hedge funds now using AI technology
Hedge funds are using AI and machine learning for investment decisions, but only a quarter are using it for trade execution.