Deutsche Bank is reportedly working with IBM, Microsoft and India's HCL Technologies to set up joint innovation labs in Berlin, London and Palo Alto. The firm plans to send bankers across business units to these labs in an effort to spur innovation and improve digital services, the Wall Street Journal reported.
American Express is planning to offer mid-sized businesses cloud-based tools for automated commercial payments to suppliers. The tools, being offered by the American Express Global Corporate Payments division in partnership with cloud-based financial management vendor Intacct, will allow mid-sized businesses to log on to a cloud-based tool and send checks to a supplier and automatically update the general ledger by clicking a button.
In the search for alpha, asset managers are finding that the automated and quantitative trading strategies they increasingly rely on are portable--into new asset classes and new geographies.
Featured story:Credit Suisse to launch financial technology marketplaceBy Renee Caruthers
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In manufacturing, companies are traditionally worried about every component of their supply chain, assessing each component's performance level and susceptibility to failure. As spectacular cyber breaches and technical glitches make headlines, financial firms that have outsourced portions of their infrastructures as cost-saving measures are now looking at their supply chains with that same critical eye.
As CEO of a trading venue that has long used electronic auctions as its signature trading method, PDQ chief executive Keith Ross might seem like an unlikely person to challenge a proposal to replace central limit order book trading with frequent batch auctions. But for Ross, not all electronic auctions are created equal.
Moscow Exchange is beginning a relocation of its primary data center to a Tier III accredited facility, with plans to be fully operational by mid-2016. The move will give the exchange more space and internationally-recognized data center certification to continue to attract and support its growing western client base.
BSE Ltd., formerly known as Bombay Stock Exchange, is deploying intelligent network I/O software and hardware from Solarflare to boost the performance, stability and precision timing of the exchange's trading platform.
Visa Inc. says a purchase of Visa Europe from the banks that own it could cost $10 billion and result in a "material and adverse effect on operations and net income," according to an annual report filed with the Securities and Exchange Commission. The company puts the likelihood that European banks would exercise their options to sell Visa Europe to the U.S. card company at 40 percent.
In a newly announced partnership, CME Group will introduce new futures for hedging risk on short-term collateralized loans and other nearly risk-free interest rate exposures, based on indices created by BNY Mellon. BNY will provide daily U.S. tri-party repo indices that reflect overnight interest rates on tri-party repo transactions collateralized by U.S. Treasuries, agency mortgage-backed securities and U.S. agency debt.
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Regulators suggest they're open to requests to extend the implementation period.
Deloitte's annual roundup of comment letters from the Securities and Exchange Commission shows the agency still sees much room for improvement in companies' annual reports.