Tullett Prebon, one of the world’s leading interdealer brokers, announces the acquisition from CME of a long term licence of a functionally rich hybrid trading technology.

Tullett Prebon already utilises this proven technology widely across the group and now plans to develop it in-house to provide bespoke, proprietary, customer-facing capabilities, offering its clients a choice of trading methodologies including RFQ, CLOB and volume matching.

Samsung’s Galaxy Note 7 boasts iris recognition technology and provides interesting opportunities for mobile banking. Compared to knowledge based authentication, biometric solutions such as Samsung’s offer more robust security and will prove an attractive proposition to issuers in the fight against fraud. It will certainly stimulate more interest in biometric authentication and increase competition amongst other market players to develop and offer similar solutions.

Visa announced that more companies in the United States are choosing Visa Direct to expand their real-time payment services. Visa Direct is a payments platform designed to allow financial institutions, developers and partners to offer secure real-time1 person-to-person (P2P) payments and business disbursements such as insurance claims payments, contractor payments, tax refunds and many other forms of business payment services.

I like to point at the fact that the Bank of England is taking a leadership role in FinTech, but it goes wider and deeper than this.  Bear in mind, the regulator –  the Prudential Regulatory Authority (PRA) –  lies under the Bank’s control.  Before the Global Financial Crisis, it was independent and part of the FSA.

By Special Counsel Roy Keidar and lawyer Ahuva Gold of Israeli law firm Yigal Arnon & Co