FinTech

BofA, HSBC, Intel, others invest $107 million in blockchain startup R3

NEW YORK (Reuters) - Financial and technology companies led by Bank of America Corp (BAC.N), SBI Holdings Inc (8473.T), HSBC Holdings Plc (HSBA.L), Intel Corp (INTC.O) and Temasek Holdings have invested $107 million in R3 CEV, a startup which runs a big bank consortium seeking to develop blockchain …

JPMorgan Chase & Co

Fidelity is allowing clients to see digital currencies on its website

(Reuters) - Fidelity Investments will allow its clients to see their holdings of bitcoin and other virtual currencies held on digital asset exchange Coinbase on the company's website, said Chief Executive Abigail Johnson on Tuesday.<p>The move will make the Boston-based asset manager one of a handful …

Cryptocurrency

Samsung SDS joins global blockchain alliance EEA

Samsung SDS has joined the Enterprise Ethereum Alliance (EEA), the global blockchain alliance named after the technology's core protocol, to expand …

The 3 Best Network Security Stocks to Buy in 2017

These three network security experts look like great investments right now. Which one is the best fit for your investing style?<p>Plenty of fortunes …

Stocks

2 Most Wildly Overvalued Stocks in the Internet of Things

The Internet of Things -- where formerly unconnected things are connected to the Internet -- is on its way to becoming a $1.29 trillion market by 2020. That potential has led a lot of tech companies, and investors, to make big bets on the Internet of Things (IoT), sometimes at the cost of …

Stocks

Blockchain comes with harsh realities for banks and traders as they plan to move away from paper

Alistair Cross was flying high after showing in a pilot project how blockchain – the technology first developed for the crypto-currency bitcoin – …

Bitcoin

CFA exam to add artificial intelligence, 'big data' questions

NEW YORK (Reuters) - Students of investing will need to start cramming for a new subject: computer science.<p>As of 2019, the Chartered Financial Analyst (CFA) examination will add questions on artificial intelligence, automated investment services and mining unconventional sources of data, an …

Business

Jack Ma’s Ant Financial close to buying MoneyGram

Chinese billionaire Jack Ma’s Ant Financial is moving closer to getting regulatory approval to buy MoneyGram, The Post has learned — despite concerns …

Jack Ma

BNY Mellon European chair says big banks are planning for 'the most challenging scenario' on Brexit

LONDON — The chairman of US bank BNY Mellon in Europe says major banks are drawing up plans for the worst-case Brexit scenario and warns that no deal for Britain could spark another financial crisis.<p>Michael Cole-Fontayn, BNY Mellon's EMEA chair, told Business Insider: "Because nobody knows what the …

Brexit

Android Pay works with Mastercard and Visa cards from no less than 15 banks in Russia already

Google is generally not as fast as Samsung or Apple in spreading the mobile payment love to new countries around the world, but whenever Android Pay …

Banking

Distributed Ledger Consortium R3 Closes Record $107 Million Funding Round

Global banking consortium R3 has closed the largest funding round in the history of distributed ledger technology.<p>Revealed today at Consensus 2017, …

Bitcoin

CyberSecurity Stocks: Feeling Insecure?

In the week that’s passed since the WannaCry malware attacks, cyber security stocks have cooled down.<p>The <b>PureFunds ISE Cyber Security ETF</b> <b>Security ETF</b> …

Cybersecurity

3 Reasons the FireEye Inc Rally Will Continue

Strong first quarter results reveal some exciting trends that should ensure long-term growth.<p>Shares of cybersecurity specialist <b>FireEye</b> (NASDAQ:FEYE) …

Stocks

Citigroup, Nasdaq Team Up -- WSJ

Objective is to link bank's business payments with exchange's platform.<p>Citigroup Inc. and Nasdaq Inc. are partnering to match up the blockchain with real money.<p>The two companies said they have been working together, along with technology startup Chain Inc., for months to link Citigroup's business …

Bitcoin

Sequans: The Opportunity Ahead

Sequans 40% YoY Growth in their broadband LTE business looks sustainable.<p>Sequans Calliope LTE Cat-1 chipset sales set to grow by hundreds of …

Internet of Things

Cloudera +2.2% as analyst launch neutral-to-strong coverage

Stock Markets29 minutes ago (May 23, 2017 09:48AM ET)<p>Saved. See Saved Items.<p>This article has already been saved in your Saved Items<p>© Reuters. …

Stock Markets

Banks are still among the largest public companies in New York

Summertime in 2007 and the living was easy on Wall Street. When New York bankers weren’t busy bundling junk mortgages into collateralized debt …

Financial Services

Paytm Payments Bank Operations Commence Today

Paytm today unveiled the Paytm Payments Bank becoming the first bank to offer cashbacks on deposits. Customers will also be offered zero charges on …

Banking

​ANZ Bank's hybrid cloud strategy spares almost no vendor

The bank is already using cloud services from Amazon Web Services, IBM, and its own private cloud, and is now looking to adopt Microsoft and Google …

Banking

Satellites and Cell Phones: Where Investors Are Turning for Data

Big data is big business.<p>As quantitative investing takes over Wall Street, the pursuit of fresh data sets is evolving just as quickly. It's based on the view that better data means a better shot at beating the market.<p>"This ‘industrial revolution of data’ seeks to provide alpha through informational …

Big Data

Android Pay is now available in Russia

The last new market to get access to Android Pay, Google’s mobile payment option, was New Zealand back in November of last year. NowAndroid Pay …

Android Pay

Blockchain consortium R3 raises $107 million

People may well remember 2017 as the year that blockchain broke.<p>After years of development and flickering just outside of mainstream consciousness and acceptance, record high prices for the most popular blockchain-based cryptocurrencies Bitcoin and newcomer Ethereum and an embrace of the …

Technology

Wheatley returns to finance with hedge fund role

Former FCA chief joins Hong Kong fund as adviser<p>Nearly two years after his departure as chief executive of the UK’s Financial Conduct Authority, …

Finance

TransferWise offers foreign currency business accounts, debit cards

NEW YORK (Reuters) - London-based startup TransferWise has launched a new service in the UK and Europe that will make it easier for small businesses to keep money and get paid in more than 15 currencies, as the company branches beyond its core money transfer business.<p>Similar to having a bank …

Banking

Apple and Nokia Bury the Hatchet, 8 Years Later

The two mobile giants have settled their legal differences, and Apple will start sending licensing payments to Finland.<p>After eight years, <b>Apple</b> …

Stocks

Russia added to list of countries where Android Pay is available

Today Google announced Russia has become the 11th country where Android Pay is available for use. In their announcement, Google goes over all of the …

Android Pay

Nokia Jumps 6%: Apple Deal a Mixed Bag, Says Street

Shares of <b>Nokia</b> (NOK) are up 37 cents, or almost 6%, at $6.58, after the company this morning said that it signed an agreement with <b>Apple</b> (AAPL) to get …

Apple

Apple Pay Makes a Play for the UK's Mainstream

The long-anticipated mainstreaming of mobile payments in the UK may have just moved one step closer to reality. Apple Pay is now available to more …

Banking

News Highlights: Top Financial Services News of the Day

'Fiduciary' Rule to Take Effect June 9 With No Further Delay, Labor Secretary Says<p>The retirement-savings regulation known as the fiduciary rule will take effect June 9 without further delay, Labor Department Secretary Alexander Acosta said Monday.<p>Fed's Evans: Large Clearing Firms Need Access to …

Federal Reserve

Does Twitter Have the Budget to Compete in Video?

Twitter wants users to stream video 24/7.<p><b>Twitter</b> (NYSE:TWTR) loves to talk about video content on its platform. It bought the rights to stream …

Investing