Interesting story in the FT today about IEX and its application to become a fully-fledged exchange. At issue is IEX’s so-called ’speed bump’ that will slow down the HFT ‘boy racers’ and so make markets safer again. Naysayers claim that the inclusion of a speed bump is contrary to the rule that investors should have “immediate” access to the best liquidity. The SEC counters that anything that is sub-millisecond (such as in this case) is, in effect, “immediate”.

I’m often asked whether banks should be afraid of the threat of Fintech.  My answer is that most Fintech is enhancing what banks do, rather than threatening their core business.  I sum this up as wrappers, replacers and reformers, and that the only Fintech firms we should really

At the 17th Temenos Community Forum in Barcelona – on 20 May 2016 – Temenos  the software specialist for banking and finance, today announces that Bank of Montreal Asia Pacific has selected Temenos’ core banking solution to replace their existing legacy back office settlement and accounting system. 

 Next Money, the world’s biggest and broadest fintech community platform, have today announced the Global Fintech Radar Challenge. The challenge asks Open Source developers and platforms to create and produce the world’s leading aggregation tool for fintech data, news, insights, social media interactions, startups and companies, industry trends and patents.

Cloud Lending Solutions, a cloud-based, end-to-end lending platform, today announced that Neyber, a leading UK provider of financial employee benefits, has chosen and implemented CL Originate^TM, CL Loan^TM, and CL Collections^TM to support the rapid growth of its business.

Neyber is a UK based provider of financial employee benefits that enables employees to reduce borrowing costs with access to affordable loans integrated with payroll, at no cost to the employer.

Vermilion Software and 

Telit, a global enabler of the Internet of the Things (IoT), and 

Thomson Reuters Eikon Messenger has been awarded “Best Mobile Initiative” at the Inside Market Data/Inside Reference Data awards, a recognition of the company’s commitment to provide market professionals greater agility over a messaging system offering industry leading chat controls and compliance features.

 e.ventures is announcing the closing of a new $150 million early stage fund to target Europe’s best businesses and entrepreneurs, bringing e.ventures’ total assets under management today to more than $1 billion. This new fund, focused on seed and Series A rounds, will be deployed alongside an already active $290 million global growth investment vehicle which targets subsequent financing rounds, allowing entrepreneurs the gain the full benefit of e.ventures’ expertise through the full investment lifecycle.