November 10, 2016 BY admin

Estonian instant bank to bank money transfer firm TransferFast receives authorization

It was just announced this week the Estonian Financial Supervision Authority issued a payment institution authorisation to TransferFast OÜ. The authorisation allows to provide money remittance service. FSA had earlier issued TransferFast OÜ an authorisation of exemption to provide money remittance service with a restriction. At the same time with issuing the authorisation the authorisation of…

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November 10, 2016 BY admin

Citibank unveils global in house digital wallet "Citi Pay"

Citigroup Inc. (NYSE: C) today announced the launch of Citi Pay, a new digital wallet that will provide Citi customers with a simple and fast option for online, in-app and in-store payment needs. Citi Pay will be made available to Citi customers for online and in-app purchases. As a digital extension of their current card…

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November 10, 2016 BY admin

R3 works with member banks on shared KYC service based on distributed ledger technology

Financial innovation company R3 and ten of its consortium member banks have successfully developed a proof-of-concept for a Know Your Customer (KYC) registry that addresses the challenges associated with satisfying regulatory requirements and allows identities to be managed by their owners. BBVA, CIBC, ING, Intesa Sanpaolo, Natixis, Nordea, Northern Trust, Société Générale, UBS and US…

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November 10, 2016 BY admin

TNS launches FIX Hub to streamline trading globally

Transaction Network Services (TNS) an industry solutions provider for the payments, financial and telecommunications industries announced today the launch of The TNS Secure Trading Hub, a fully managed, scalable and vendor agnostic FIX connectivity solution which supports order routing services for multi-asset classes. Alex Walker, Executive Vice President and Managing Director of TNS’ Financial Services…

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November 10, 2016 BY Valentina Kirilova

Clearstream announces October volumes

Clearstream has just announced its October volume report. Despite the thorough Blockchain analysis Clearstream and the whole Deutsche Boerse Group announced earlier today, the highlights last month were: International business Securities deposits were €6,722 billion - just a bit lower (1%), compared to last year. The number of transactions, on the other hand, made a…

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November 10, 2016 BY admin

Nissan Securities partners with Beeks Financial Cloud

Beeks Financial Cloud, a global leader in financial cloud infrastructure, announced today it has partnered with Nissan Securities, a financial brokerage business and one of the top financial securities companies in Japan to provide connectivity for all of Nissan’s customers. The partnership was finalized in October, and Nissan customers are already utilizing Beeks’ services. Nissan…

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November 10, 2016 BY admin

Russia’s central securities depository partners with iCoinSoft Exchange Platform

National Settlement Depository (NSD), Russia’s central securities depository has today announced its developed a partnership with iCoinSoft Exchange Platform, an engine for a digital asset exchange by icoinsoft.com as part of the HSE{Pro}Fintech program of the Higher School of Economics’ Business Incubator. The project implements an idea of the technological infrastructure which increases the efficiency and convenience…

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ESMA bond liquidity data
November 10, 2016 BY Valentina Kirilova

ESMA finalises advice on future rules for financial benchmarks

The European Securities and Markets Authority (ESMA) has finalised its technical advice to the European Commission on important aspects of future rules for benchmarks. In particular, ESMA provides advice on: how benchmarks’ reference values can be calculated by using data reporting structures under existing EU rules such as MiFID II and EMIR; some of the…

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November 10, 2016 BY Valentina Kirilova

Verizon might back out of its $4.8 billion Yahoo deal over data breach

Online pioneer Yahoo (NASDAQ: YHOO) has formally raised the possibility of Verizon Communications Inc. (NYSE, Nasdaq: VZ) backing out of the $4.8 billion acquisition deal, because of the massive email hack the company announced in September 2016. In the "risk factors" disclosed on Wednesday, Yahoo listed several risks and uncertainties around the pending Verizon deal that…

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