Financial Services
Six years after an exercise flagged the risks of a “prolonged technical outage” in the core settlement engine of the Bank of England, efforts to “seek to understand and mitigate legal barriers” to one proposed mitigation are unfinished – although progress on a core hardware and software replacement continues to make
The Federal Reserve Bank of New York settled cross-border FX spot trades in under 10 seconds using distributed ledger technology (DLT) under tests as part of its “Project Cedar” it revealed today. Critically, the trades were conducted across a "multi-ledger ecosystem" it added. The New York Fed conducted
Multinational takes stake in Partior, joins DLT network, to offer EUR settlements...
SWIFT is building a new platform that will let it run cutting edge analytics on over 10 billion transactions a year using a containerised on-premises infrastructure, federated learning models and unique software-defined memory to help it utilise its existing hardware stack, says Chief Innovation Officer Tom Zschach. The platform will
Goldman Sachs wants to be a fintech, consolidates firm-wide tech offerings...
CEO Brian Moynihan: "Our technology spending will go up 15% this year"
