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Citi and Lending Club partner for community loans

Citi, the country's third largest bank, and Lending Club, the first online peer-to-peer lender to have an IPO, announced a $150 million partnership, creating an alliance that is both professional and symbolic. 

IBM says financial firms need to fight Dyre Wolf with cyber education

The financial industry needs to employ training and education to fight Dyre Wolf, a sophisticated virus targeting financial firms. The dangerous multi-faceted virus uses fraudulent call center agents to bait employees into sharing passwords for firms' financial accounts.

 

Clearing custody business focusing on retail brokerage sees opportunity from robo-advisors

One year after rolling out a correspondent clearing business focused specifically on serving retail brokerage and advisory firms, DST Systems said robo-advisory services are already impacting the space.

Continuing post-merger data center consolidation, BATS Migrates US Options Exchange to NY5

BATS Global Markets completed the migration of its U.S. options market to the Equinix NY5 data center in Secaucus, New Jersey, this week. The migration is part of a consolidation of the company's data centers in NY5 first announced after the BATS and Direct Edge merger.

ICE continues to review gold benchmark

Intercontinental Exchange's ICE Benchmark Administration (IBA) is entertaining ideas for enhancing its new system for calculating gold prices. IBA was awarded management of the gold benchmark...
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