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Nasdaq Launches 'NFX' to Trade Energy Derivatives

Nasdaq (Nasdaq:NDAQ) announced that its US-based Nasdaq Futures, Inc. (NFX)will officially launch today. The platform will initially offer futures and options on oil, natural gas and US power benchmarks, with a fee holiday for the first nine months of trading.

Monday, July 27, 2015 - 10:20
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SETL to deploy an institutional payment and settlement infrastructure based on blockchain technology

 SETL today announced its plans to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology.  The SETL system will enable market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions. The SETL system maintains a permissioned distributed ledger of ownership and transaction records, simplifying the process of matching, settlement, custody, registration and transaction reporting.

Monday, July 27, 2015 - 10:13
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Have banks made a fatal mistake with Apple Pay?

I was sitting the other day thinking about the good old days.

In the good old days, if something was big and challenging, banks would get together and create a co-operative to solve the problem. SWIFT, Visa and MasterCard were all bank created co-operatives.  Admittedly, times have changed and now Visa and MasterCard are private entities, but originally they were created to solve problems that a single bank could not tackle like making global payments and processing billions of card transactions.

Friday, July 24, 2015 - 14:06
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AON Announced the Appointment of New CEO

 Aon plc (NYSE: AON), the leading global provider of risk management and human resource consulting and 

Friday, July 24, 2015 - 12:42
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Canadian Payments Association Announces the Election of New Board of Directors

The new board will be chaired by Eileen Mercier, who will be supported by a carefully recruited team of accomplished Canadian and international payments, public policy, business and technology experts. The new board will help lead the CPA as it implements its strategy to modernize Canada's core national payments infrastructure as part of its overall vision to be the centre of excellence for payments in Canada.

Friday, July 24, 2015 - 11:54
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IBM Acquires Compose to Expand Cloud Data Services

IBM (NYSE: IBM) today announced the acquisition of San Mateo, CA-based Compose, Inc., a privately held company that provides MongoDB, Redis, Elasticsearch, PostgreSQL, and other database as a service (DBaaS) offerings targeted at

Friday, July 24, 2015 - 11:19
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First Financial Bank Expands Service Offerings with Acquisition of Oak Street Holdings Corporation

First Financial Bank, N.A., a subsidiary of First Financial Bancorp (Nasdaq: FFBC) (collectively "the Company" and "First Financial"), signed a definitive agreement to acquire Oak Street Holdings Corporation ("Oak Street") for $110 million in cash.

 

Friday, July 24, 2015 - 11:14
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UnionPay cards can be used in more than 1,200 overseas educational institutions for safe and convenient tuition payment

UnionPay International announced on July 23 that the number of overseas educational institutions, including high schools, colleges and universities accepting UnionPay cards for tuition payment has risen to more than 1,200. The service is available in countries and regions for studying abroad such as the US, Canada, Australia, England, New Zealand, Hong Kong and Taiwan and covers many prestigious universities.

Friday, July 24, 2015 - 11:08
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Fiserv Joins BIAN to Continue to Develop the Standardised IT Framework for the Banking Industry

The Banking Industry Architecture Network e.V (BIAN) welcomes three new members to its fast growing global network today, creating an international network of 60 of the leading banks, service providers, software vendors and academic partners.

The international software and BPO provider Avaloq, Lebanese banking core applications developer BML Istisharat and financial services technology provider Fiserv, will now work with the current members to continue to develop the standardised IT framework for the banking industry.

Friday, July 24, 2015 - 11:00
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Ipreo to Acquire iLEVEL; Form Private Capital Markets Division

Ipreo, a global leader of data, market intelligence and productivity solutions to capital markets and corporate professionals, today announced the acquisition of iLEVEL, a leading portfolio monitoring, analytics and transparency platform for global private capital markets. iLEVEL will be merged with Ipreo's Alternative Assets group to form a new Private Capital Markets division within Ipreo.

Friday, July 24, 2015 - 10:53
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