The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015--outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data. 

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the results of a benchmark study which demonstrated for the first time ever that distributed ledger technology (DLT) is capable of supporting average daily trading volumes in the US equity market of more than 100 million trades per day.

Today, LogMeIn, Inc. (Nasdaq:LOGM) introduced two solutions to its market-leading product portfolio – both designed to revolutionise the employee support process.  By making the technology easier, faster and more frictionless than ever before, LogMeIn is removing the need for companies to choose between the requirements of IT and the expectations of employees.

Baker Hill, a leading provider of technology solutions for common loan origination, risk and relationship management, CECL compliance and smart data analytics, announced that Studio Bank has selected Baker Hill NextGen^® for statement spreading. Baker Hill’s solutions will serve as part of the de novo bank’s technology platform as it enters the Nashville, Tenn.

Accenture (NYSE: ACN) and Digital Ventures Co. Ltd, a fintech subsidiary of Siam Commercial Bank, have co-developed and launched a unique blockchain solution to simplify the way companies buy and sell goods, make and receive payments, and obtain financing. 

Form3, the cloud technology provider of Payments-as-a-Service for banks and regulated fintechs, today announced that fintech focused LHV Bank has selected Form3 to provide a fully managed service connecting the bank directly to the UK Faster Payments infrastructure. LHV will join the scheme as a Directly Connected Participant (Member) in 2019.

Identitii Limited (“Identitii” or the “Company”) (ASX: ID8), an Australian FinTech enabling the secure overlay of transaction level detail on top of financial messages using a private blockchain, will commence trading on the ASX today at 11.00am AEDT. The listing follows a fully underwritten $11 million raising at $0.75 per share. 14,666,666 shares were issued for an undiluted market capitalisation at listing of $40 million.

Standard Chartered and Huawei have announced that they are developing an Internet of Things (IoT) powered solution that could revolutionise the way corporates communicate with banks for financing or payments. Rather than corporates having to manually initiate these transactions through paper-based or emailed instructions, corporates’ and banks systems will be able to ‘speak’ to each other in real-time, triggering financing or payment instructions through Application Programming Interfaces (APIs).