Panelists at Sibos in London agreed that flash crashes are more common in markets today, but the industry still lacks understanding.
Open banking in the UK rebalances payments in favour of the consumer
Calastone has successfully migrated its global network of 1,800 customers to a blockchain platform, in a major transition to fully digitalise trading, settlement and distribution for funds.The global fund’s...
The president of the German central bank has dismissed the use of blockchain technology for transferring and settling securities, after a trial project found it was more costly and...
The publication of a ‘Pay Later’ API standard by Swift is further evidence of the ‘componentisation’ of payments, Lu Zurawski, practice lead for retail banking products at ACI Worldwide, said. In January, Swift published an API standard to support the increasingly popular Pay Later online payment facility.
More than $40 trillion was transferred over Swift’s global payments innovation (gpi) system during 2018, Swift has announced. The share of cross-border messaging using gpi rose from 15% at the start of 2018 to 56% by the end of the year. More than 3500 banks, accounting for 85% of Swift’s total payments traffic have committed to adopting gpi.
Tokenisation is opening up a whole new world of tradable assets along with revolutionising the way the market can trade traditional products.