FinTech

HSBC partners with Tradeshift as banks increasingly see fintech as friends not foe

LONDON — On one side sat Christian Lanng, the Danish founder of Tradeshift, wearing bright blue shoes, a dark jacket over a black t-shirt, and a baseball cap with futuristic symbols on it.<p>Opposite him sat Vivek Ramachandran, HSBC's global head of propositions and trade & receivables finance, in a …

HSBC

London Stock Exchange CEO Watches His Biggest Merger Bet Die - Bloomberg

The biggest deal in former Goldman trader Xavier Rolet’s career is dead, and so are his plans for imminent retirement.<p>While Rolet, chief executive …

Financial Services

The Depressing Logic Supporting Standard Chartered's Shares

Standard Chartered has come a long way in a year and so has its stock. The question for investors is whether there is still value in the emerging-markets lender after a near doubling in share price.<p>The answer depends on whether you want growth or cash. Standard Chartered might fail to find the …

Financial Services

ChromaWay progresses property blockchain with Swedish banks and land registry

Included are: Lantmäteriet (Swedish National Land Survey), SBAB, Landshypotek Bank, Telia and Kairos Future.<p>ChromaWay has reached the next phase of …

Bitcoin

Bankers on LSE-Börse Deal Lose Out on £150 Million Payout

Investment bankers will miss out on a chunk of what could have been a £150 million pay day after the London Stock Exchange Group and Deutsche Börse called off their merger plans.<p>The European Commission blocked the planned £24 billion deal on Wednesday. Competition commissioner Margrethe Vestager …

Financial Services

Goldman, Lazard China Dealmakers Decamp for Buyout-Fund Upstarts - Bloomberg

Veteran China dealmakers at Wall Street banks and Western buyout firms are heading for the exits, in search of the more lucrative deals and higher …

Financial Services

Hyperledger Promises Blockchain Debut in Trade Finance in 2017

Brian Behlendorf, the executive director of Hyperledger strongly believes that Blockchain will make its debut in the industry of trade finance by the …

Bitcoin

Is Samsung's S8 an iPhone Killer?

<b>Samsung</b> (NASDAQOTH: SSNLF) has long offered features on its flagship phones that rival what<b>Apple</b> (NASDAQ: AAPL) has yet to make available on an iPhone.<p>These include wireless charging and offering an SD card slot that allows users to expand the built-in memory. Those innovations, along with its …

Samsung

Wells Fargo introduces cardless ATMs

Wells Fargo Bank is introducing new technology that will allow smartphone-toting customers to withdraw money at all of its 13,000 ATMs without their debit card.<p>Customers wishing to use the service can get a use-only-once 8-digit code in the bank’s app. Customers then input the code and their ATM …

Business

Brexit Dings British Bank Stocks (BCS, RBS)

Brexit is now official, and British banks are responding.<p>Barclays plc (BCS) and The Royal Bank of Scotland plc (RBS) are lower in early morning …

Financial Services

Is JP Morgan mulling over a new EU hub post-Brexit?

Report suggests US investment bank is checking out eight EU locations to move some of its operations from London.<p>Global investment bank JP Morgan …

Financial Services

UK financial sector proposes untested system to keep EU access

LONDON (Reuters) - Britain's financial sector is drawing up proposals on how it could still serve EU clients after Brexit, even as firms begin establishing new operations on the continent to keep access to the European market.<p>Regulatory and banking experts working for the City of London and lobby …

Financial Services

Lloyd’s of London will move jobs to new Brussels office

World’s biggest insurance market expected to shift 100 out of 600 jobs from London to retain presence in EU post-Brexit<p>Lloyd’s of London will announce on Thursday that it has picked Brussels as the base for its new EU subsidiary to secure a European foothold after the UK’s departure from the EU.<p>The …

Financial Services

Are LSE and Deutsche Börse worthy prizes for rivals?

There ends a third and perhaps final attempt to unite the London Stock Exchange Group and Deutsche Börse. Do they remain independent or prizes for …

Financial Services

Emirates NBD Enlists UAE Central Bank in Blockchain Check Trial

One of the Middle East's largest banking groups is partnering with the central bank of the United Arab Emirates on a blockchain trial focused on bank …

Bitcoin

Recommended Reading: March 30, 2017

<b>WeChat Enables Female Ecommerce in China</b><p>Writing for Sup China, Simone McCarthy examines a surge in women-owned digital stores on WeChat. McCarthy …

WeChat

Insurer Lloyd's of London 'to open Brussels office', say reports

<b>Lloyd's of London will establish a new European base in Brussels to avoid losing business when the UK leaves the EU, according to press reports.</b><p>The company has not confirmed the decision, but said it would make a statement on Thursday.<p>The insurer has been weighing up different locations on the …

Financial Services

Saudi Aramco formally appoints banks to advise on share sale

| LONDON<p>Saudi Aramco IPO-ARMO.SE has formally appointed JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS.N) and HSBC (HSBA.L) as international financial advisers for its initial public offering, sources familiar with the matter told Reuters.<p>The trio join Moelis & Co (MC.N) and Evercore (EVR.N), …

Financial Services

Brussels hopes to reap further Brexit rewards after luring Lloyd's

| BRUSSELS<p>Brussels expects to lure other financial players after convincing Lloyd's of London, the world's largest speciality insurance market, to make the city its post-Brexit European hub.<p>While Lloyd's choice on Thursday surprised some, lower rental prices and its proximity to Britain could help …

Financial Services

Market Enabler? Exchanges See Blockchain as New Revenue Play

While distributed ledgers were one considered a way for financial firms to upgrade back-office processes, some appear to be changing their tune on …

Bitcoin

Chatbot revenue is on the upswing

<i>This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers. To learn more and subscribe, please click here.</i><p>[24]7, a company that develops chatbots for messaging apps and web sites, is expecting a significant uptick in revenue over the next 12 months, according to …

Chatbots

Deutsche Bank Fined for LIBOR Fraud (DB)

Deutsche Bank AG (DB) just can't get away from scandals.<p>The financially and legally beleaguered bank is facing another setback from the United States …

Financial Services

Banks Not Forgotten in May's Brexit Bid for Unprecedented Deal - Bloomberg

Banks were encouraged that they haven’t been forgotten by Prime Minister Theresa May, who called on European Union governments to strike a "bold and …

Financial Services

Laurentian Adds Advisers as Branches Turn Into ‘Financial Clinics’ - Bloomberg

Laurentian Bank of Canada intends to double the number of financial advisers and commercial account managers by 2020 as part of a plan to transform …

Banking

5 Industries That Blockchain Will Likely Disrupt by 2020

Today, around 80% of banks are developing their own blockchain technology.<p>In September 2016, Barclays carried out the world’s first trade transaction using blockchain. They cut a process that normally takes 7–10 days down to less than four hours.<p>IBM is working with the government of Dubai to …

Bitcoin

Article 50 will be triggered today — this is what Brexit means for London's financial centre

LONDON – Sometime on Wednesday, the UK government will trigger Article 50 of the Lisbon Treaty and formally start negotiations to leave the European Union.<p>It will take the form of a letter, and the UK's permanent representative to the European Union, Tim Barrow, is expected to hand the it over to …

Financial Services

Singapore: The Dark Horse of Fintech

Photo Credit: Shutterstock<p>My most recent articles have focused on the impact Brexit could have on European countries like France and Germany, as well as what leaving the European Union means for UK fintech as a whole. However, I’ve always believed that the country that has the most potential to …

Singapore

FireEye Jumps 22.9% - Much More To Come

All-time low to 22.9% gain in two weeks heralds beginning of new long term uptrend.<p>Time analysis indicates this cyclical stock is due for long term …

Cybersecurity

E.U. Blocks Merger of London Stock Exchange and Deutsche Börse

LONDON — The London Stock Exchange and Deutsche Börse have tried to merge three times since 2000, hoping to create a European stock market heavyweight. And now, after a ruling from European regulators on Wednesday, the third attempt has failed.<p>The $30 billion merger, announced more than a year ago, …

Financial Services

The data geeks are taking over Wall Street

There have historically been two dominant tribes on Wall Street.<p>There's the sell side, the investment banks, which, as their name suggests, mostly sell stuff. There's also the buy side, the fund managers, which mostly buy stuff.<p>A third group — including stock exchanges, trading platforms, …

Wall Street