The announcement led to a 10% surge in the share price of Italy's second-largest bank, reaching a nine-year peak. It was fueled by its strong earnings performance and a positive outlook in a year when interest rates are anticipated to begin falling. While other major European banks adopted a more reserved stance in their full-year…
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At present, traditional banks use mainframes with outdated programming languages. Not only does this create potential technological pitfalls, but it also makes it a challenge to hire younger employees who are qualified and equipped with recent knowledge and experience. Approximately 410,000 customers, who are mostly new to UniCredit, use the Buddybank service. All the institution’s…
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Deutsche Börse Group continues to welcome major sell- and buy-side institutions as users of its Regulatory Reporting Hub service. With MiFID II becoming effective on 3 January 2018, the Regulatory Reporting Hub (RRH) will enable sell-side, buy-side and systems integrators' clients to meet their regulatory obligations easily and efficiently. Recently, BaFin (German Federal Financial Supervisory…
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Appears that somebody's been following R3's footsteps lately... a group of seven banks has agreed in principle to develop a shared platform that aims to make domestic and cross-border commerce easier for European small and medium-size (SME) businesses by harnessing the power of distributed ledger technology. Deutsche Bank, HSBC (HSBC also joined R3 as well…
Read moreThe trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…
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