Financial Services
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"
"It's probably quicker to fly with a bag of cash than it is to actually route the payment..."
Deutsche Bank has extended a contract with Kyndryl (previously IBM Infrastructure Services) to run its continental European core banking and mission critical IT infrastructures, in what the two described as one of the “largest and longest-running vendor contracts in the financial industry” at nearly 20 years together. Kyndryl will also