fintech

coronavirus, fintech

As the largest federal stimulus package in the history of the United States, the Coronavirus Aid, Relief and Economic Security Act, injects a planned $2.2 trillion into the US economy,…

Finch Capital: after crisis mode, fintech ‘disruptive winners’ will take all

April 2, 2020

artificial intelligence, coronavirus, Finch Capital, fintech

Finch Capital published a report that discusses the challenges and opportunities the fintech sector will face both during, and after, the covid-19 crisis. Finch Capital is 6-year old firm and…

Citi’s Accelerator: external innovation navigates the coronavirus storm (Premium)

April 1, 2020

Technology

artificial intelligence, automation, Citi Accelerator, coronavirus, fintech, legacy systems, OpenLegacy, ThetaRay, topstory

The outlook for tech startups has received mixed predictions, and prevailing wisdom seems to be that survival looks like capital preservation, sensible opportunism and preparing to emerge from the covid-19…

STAC: how can fintech help in the COVID economy?

March 30, 2020

coronavirus, fintech, STAC

The new coronavirus and government responses to it are upending life in nearly every nation on earth. Healthcare providers and researchers are the frontline soldiers in the war against this…

Reuters: incumbent tech holds up on market stress, fintech feels the heat

March 3, 2020

exchanges, fintech, market structure

The stock market rout last week over fears the coronavirus could trigger a recession was the worst since the 2008 financial crisis, but market experts said on Monday trade was…

IFC reports on how central banks are tackling fintech data gaps globally

March 3, 2020

Central Banks, data management, fintech, IFC

Fintech, or technological innovation used to support or provide financial services, has developed markedly in recent years, transforming the financial landscape and creating a number of challenges for public authorities.…

How prescriptive regulatory trends are emerging for tech (Premium)

February 26, 2020

Technology

artificial intelligence, bigtech, FCA, fintech, QuantLR, Quantum Computing, regtech, topstory

Regulators are considering a more prescriptive approach to tech supervision in ways that might surprise. We attended a series of conferences that highlighted how trends are shaping out even as…

FT: BlackRock’s Aladdin under scrutiny for crowding risk as assets pass $20tr

February 24, 2020

Aladdin, Blackrock, fintech, Market Risk, risk management

Used by rival fund managers, BlackRock’s Aladdin platform links investors to the markets, ensures portfolios hold the right assets and measures risk in the world’s stocks, bonds and derivatives, currencies…

Banks seek fintech advantages amid evolving competitive landscape (Premium)

February 19, 2020

Technology

bigtech, Citi, fintech, Fintech Week, Google, topstory

Finadium has been following the ways in which incumbent banks are managing competitive pressures from bigtech firms, with fintech collaboration generally considered an important strategy. We attended a recent conference…

Incumbent-fintech battle yields record M&A led by Fidelity, Broadridge

February 11, 2020

acquisitions, fintech, Hampleton Partners, mergers

The latest Fintech M&A market report from Hampleton Partners shows that 2019 shifted towards blockbuster M&A transactions, historically high deal count levels and impressive valuations. 2019 proved to be the…

Global AI survey shows fintech/incumbent disparities as risk management leads adoption

February 7, 2020

artificial intelligence, Cambridge Centre for Alternative Finance, fintech

A recent study from the Cambridge Centre for Alternative Finance (CCAF) analyzed the current state of AI adoption in financial services, as well as its subsequent implications. The pace of…

BNP Paribas, Moody’s among firms behind “intelligent reporting automation” launch

February 6, 2020

artificial intelligence, automation, BNP Paribas, fintech, Moody's, NLG, Yseop

Yseop, an AI software company using Natural Language Generation (NLG), announced the launch of Augmented Analyst, an enterprise-wide automated report generation platform. Stemming from the imperative to move away from…

FIS releases global survey on policy responses to fintech

February 3, 2020

artificial intelligence, BIS, cryptoassets, cybersecurity, fintech, FSI, machine learning, Regulation

Financial authorities have responded to fintech developments in various ways. Based on survey responses from 31 jurisdictions, this paper from the Financial Stability Institute provides a cross-country overview of policy…

Stanford’s 2019 AI report shows financial industry trends on investment, hiring

January 11, 2020

AI Index, artificial intelligence, fintech, Stanford University

Published by Stanford University, the AI Index Report tracks, collates, distills, and visualizes data relating to artificial intelligence. Here are some of the highlights related to finance. When it comes…

Fintech, interest rate benchmarks, stablecoins top FSB’s 2020 priorities

December 18, 2019

benchmark reform, fintech, FSB, regtech, stablecoins, suptech

The Financial Stability Board (FSB) published its work programme for 2020. The FSB’s work priorities for 2020 reflect the evolving nature of the global financial system and associated risks to…

EU expert group makes 30 recommendations to ramp up fintech

December 13, 2019

artificial intelligence, bigtech, blockchain, cryptoassets, DLT, European Commission, fintech, regtech, suptech

Established by the European Commission, an Expert Group (EG) released a report on its mandated review of the application and suitability of the European legal and regulatory framework to fintech…

Treasurers with machines: automated hedging in the FX market

November 28, 2019

Automation

BNP Paribas, Citi, fintech, FX, Kantox, SVB, topstory

UK-based FX technology firm Kantox is partnering with Citi’s Commercial Bank, BNP Paribas and Silicon Valley Bank to offer its FX automation technology to banks’ clients. We talk to Kantox…

SIFMA capital markets conference notes: regulations, technology, end of LIBOR

November 26, 2019

alternatives to LIBOR, cybersecurity, fintech, Regulations, SIFMA, technology

Recently, SIFMA (Securities Industry and Financial Markets Association) hosted its annual capital markets conference. Analysts recap some of what was seen and heard, as well as key themes heard throughout…

Broadridge acquires portfolio management fintech ClearStructure

November 20, 2019

acquisitions, Broadridge, fintech, portfolio management

Broadridge Financial Solutions has acquired ClearStructure Financial Technology, a global provider of portfolio management solutions for the private debt markets. Financial details were not disclosed. Today, Broadridge’s SaaS technology powers…

FT: Fidelity’s search for tomorrow’s tech amid fee compression

October 21, 2019

fidelity, Fidelity Digital Assets, fintech

The investment industry has come under intense pressure in recent years, buffeted by falling fees and rising costs. Abigail Johnson — the founder’s granddaughter who picked up the reins five years ago…

RMA creates fintech committee led by State Street and BNY Mellon

October 6, 2019

Josh Galper

News and Notes

collateral management, fintech, RMA, securities finance

RMA FINANCIAL TECHNOLOGY AND AUTOMATION COMMITTEE Mission Guide the financial service industry’s engagement with and adoption of new technologies while acting as an advocate for best practices. The Committee will…

BNP Paribas partners with FX fintech for automated hedging to corporates

September 10, 2019

BNP Paribas, fintech, FX, Kantox, treasurers

BNP Paribas announced a strategic partnership with London-headquartered Kantox, a fintech specializing in FX risk management solutions. The agreement enables BNP Paribas and Kantox to jointly offer Kantox’s Dynamic Hedging…

Enterprise financial software leads as fintech M&A breaks records

August 22, 2019

News and Notes – Fintech, Uncategorized

acquisitions, fintech, fundraising, Hampleton Partners

Fintech M&A deal volume reaches three-year high with 198 deals in H1 2019, up from 164 in H2 2018 Global venture capital investment in fintech achieves record-level in Q2 2019…

Capital markets blockchain weekly roundup

August 15, 2019

Barclays, blockchain, CBDC, Coinbase, digitization, exchanges, fintech, PBOC

Our weekly list of announcements about how capital markets and regulators are engaging with digital assets. CoinDesk: Barclays ends banking relationship with crypto exchange Coinbase Barclays is no longer working…

NY financial authority creates research and innovation division

July 23, 2019

cryptocurrencies, fintech, NYDFS

New York State Department of Financial Services superintendent Linda Lacewell announced the establishment of a Research and Innovation Division that will support internal transformation and market innovation and house the…

Manatt: US task force considers fintech regulation

July 19, 2019

FCA, fintech, fintech regulation, OCC, Securities and Exchange Commission, US House

The newly formed US House Financial Services Committee’s Task Force on Financial Technology (Committee) recently held its first hearing, and it included some interesting perspectives from both US and UK…

BoE mulls fintech access to its balance sheet, Carney cites cryptocurrency Libra

June 21, 2019

BoE, fintech, Libra, Mark Carney

Excerpts from speech by Mark Carney, governor of the Bank of England, Mansion House speech, London 20 June 2019 The Bank of England is announcing plans to consult on opening…

SIFMA: DTCC’s adoption of fintech

June 12, 2019

DTCC, fintech, SIFMA

DTCC is working on several initiatives to assess and use fintech capabilities, including: Today: Robotic Process Automation (RPA) Billing – DTCC’s Finance Revenue Cycle team used to use two different…

FSB report considers implications of decentralized financial technologies

June 6, 2019

blockchain, decentralized, DLT, fintech, FSB, G20

The Financial Stability Board (FSB) published a report on decentralised financial technologies. This report considers the financial stability, regulatory and governance implications of the use of decentralized financial technologies such…

CFTC’s Giancarlo takes stock of blockchain and “exponential” tech

June 5, 2019

blockchain, CFTC, crypto regulation, cryptocurrencies, DLT, fintech, Giancarlo

Excerpts from remarks of CFTC chair Christopher Giancarlo at Commissione Nazionale per le Societa e la Borsa (CONSOB), Rome, Italy, June 3, 2019, “The New Futurism: 21st Century Financial Markets,…

Cyber, AI, ESG, fintech among top 10 fears for risk managers

June 3, 2019

Artificial Intelligence, Technology

artificial intelligence, bigtech, cyber resilience, cyber risk, cybersecurity, ESG, fintech, machine learning, Nedbank, risk management, RiskMinds, Standard Chartered

An article published by RiskMinds outlined the top 10 fears in risk management, and the list reveals many familiar trends that Fintech Capital Markets is seeing as well. Continue reading

Bundesbank: “Innovation needs to be a package deal”

June 1, 2019

bigtech, Bundesbank, digitization, fintech

Excerpts from speech by Prof Joachim Wuermeling, member of the Executive Board of the Deutsche Bundesbank, at the Banking and Corporate Evening (Banken- und Unternehmensabend), München, 23 May 2019. Digitalization…

What was said about advanced tech at SIFMA’s ops conference

May 31, 2019

artificial intelligence, cloud, cybersecurity, Data, FINRA, fintech, RPA, SIFMA

Recently, SIFMA hosted its 46th annual Operations Conference & Exhibition over several days of presentations and events and nearly 1,000 attendees. Inside a note, SIFMA recapped some of the highlights,…

MAS’ Menon details use cases of advanced tech and ASEAN network developments

May 15, 2019

APIs, ASEAN, AXA, BBVA, Blackrock, BNP Paribas, fintech, J.P. Morgan, machine learning, MAS, Mitsubishi UFJ, OCBC, Ping An, Quantum Computing, Singapore, Societe Generale

Excerpts from speech by Ravi Menon, managing director of the Monetary Authority of Singapore, at the Bank of France Lecture, Paris, 14 May 2019. Banks are using technology to resolve…

AI and fintech fragmentation on FSB European group’s agenda

May 9, 2019

artificial intelligence, Europe, fintech, FSB, G20

At a recent meeting in Bucharest, the Financial Stability Board (FSB) Regional Consultative Group (RCG) considered implications of the growing use of artificial intelligence, machine learning and big data for…

Nigeria central bank to use collateral management regime for fintech regulation

April 30, 2019

Central Banks, collateral management, fintech, fintech regulation, Nigeria

In order to encourage innovation in the payment system, the Central Bank of Nigeria (CBN) is putting in place a collateral management regime (CMR) to regulate the activities of fintech…

FT: J.P. Morgan opens IIN blockchain platform to payments and fintechs

April 22, 2019

blockchain, fintech, Interbank Information Network, J.P. Morgan, settlement

J.P. Morgan is to widen the use of the industry’s leading blockchain technology to help smooth the banking industry’s payment system while also inviting fintechs to experiment on how to…

Canadian and UK regulators to cooperate on fintech sandbox

April 22, 2019

CSA, FCA, fintech

The securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Québec and Saskatchewan (participating jurisdictions) today announced a co-operation agreement with the UK’s Financial Conduct Authority (FCA).…

BIS research: bigtech and the changing structure of financial intermediation

April 8, 2019

News and Notes, News and Notes – Fintech

Bank for International Settlements, bigtech, credit, data analysis, fintech, machine learning, Mercado Libre

In a BIS working paper, researchers from the Financial Stability Board, Bank for International Settlements, Graduate Institute (Geneva) and Argentina’s bigtech firm Mercado Libre consider the drivers and implications of…

FSB chair Quarles on bigtech and fintech supervisory challenges

March 29, 2019

bigtech, fintech, fintech regulation, FSB, Quarles

Excerpts from speech by Randal Quarles, vice chair for Supervision, Board of Governors of the Federal Reserve System, and chair Financial Stability Board, at Joint Conference of the European Central…

India central bank updates on fintech adoption, plans regulatory sandbox

March 25, 2019

Central Banks, fintech, India, regtech, suptech

Excerpts from speech by Reserve Bank of India governor Shaktikanta Das at FinTech Conclave 2019, organized by think tank NITI Aayog, New Delhi, 25 March 2019 The Reserve Bank of…

How custodians are evolving client-facing tech: Citi (Premium)

March 21, 2019

Big Data, Custodians, Technology

Big Data, bigtech, Citi, fintech, topstory

As part of a series on how custodians are evolving client-facing technology, we spoke with major players about the way in-house development and innovation are being incorporated to better provide…

ESMA updates for fin-, reg- and suptech on trends, risks and vulnerabilites

March 7, 2019

ESMA, fintech, Market Risk, regtech, suptech, systemic risk

Fintech continues to drive innovation in financial services, with potentially far-reaching consequences for both end-users and service providers, said ESMA in a recent report. Crypto Assets (CAs) and Initial Coin…

Bank of Spain governor: EU’s banking union comes before regulating tech

February 22, 2019

Central Banks, fintech, Regulations, Spain

Comments from speech by Pablo Hernandez de Cos, governor of Spain’s central bank. To successfully address the transformation imposed by the new competitive environment resulting from technological changes will probably…

Quartz: Indian fintech hits rough patch on KYC regulations

February 22, 2019

fintech, India, Regulations

Fintech firms in India have been reeling under the supreme court’s directive in September 2018 that struck down the use of the biometric-based Aadhaar database. With mandatory KYC requirements, fintech firms are…

FSB identifies fintech, crypto assets, cyber resilience in 2019 priorities

February 12, 2019

crypto assets, cybersecurity, fintech, FSB

The Financial Stability Board’s work priorities are designed to promote global financial stability. Vigilant monitoring to identify, assess and address new and emerging risks to financial stability lies at the…

ESMA to review fintech regulations and scrutinize crypto assets in 2019

February 7, 2019

crypto assets, ESMA, fintech, ICOs, regtech, suptech

In its annual work program, the European Securities and Market Authority said it would analyze the regimes of national competent authorities of fintech firms across the EU to identify potential…

Japan’s MUFG establishes $185bn VC fund targeting fintech

January 15, 2019

fintech, fundraising, MUFG, MUIP, Venture capital

MUFG announced today the establishment of MUFG Innovation Partners (MUIP) that will manage corporate venture capital funds of MUFG to accelerate open innovation and strengthening partnerships with fintech startups. While the…

Roll Call: US fintech sector hurt by government shutdown

January 11, 2019

blockchain, fintech, ICOs, robo-advisers, US regulators