Chicago Board Options Exchange's announcement last week that it will publish the CBOE Volatility Index (VIX Index) around the clock further extends the exchange operator's outreach in recent years to markets around the world.
Bank of America is partnering with Facebook Messenger to reach customers with real-time alerts and other yet-to-be revealed features. The announcement of the partnership coincided with Facebook's developer conference this week, which launched a new Messenger Platform that has evolved to include bots and a send/receive API for added functionality.
FICO is launching a Score Simulator on its myFICO.com site that will allow consumers to test how different actions would affect their credit scores. With the rise of robo-advisors, many financial institutions and fintech companies are introducing more of the self-directed financial management tools that consumers seem to be demanding.
The move by three of the largest marketplace lenders comes as regulators have begun to weigh whether fintech companies that compete to offer financial services should be regulated.
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SWIFT, the global cooperative billed as the world's leading provider of secure financial messaging services, revealed Monday that thieves who stole $81 million from the Bangladesh central bank in February probably hacked into the SWIFT financial platform.
BNY Mellon is partnering with IBM for the design and development of a blockchain securities lending application, the companies said last week. The application is cloud-based and would use a blockchain network to trade and transfer assets.
Bank of America Merchant Services is expanding its U.S. electronic payments processing services to Europe to better serve global customers. The company has opened a European unit, BofA Merrill Lynch Merchant Services (Europe) Limited, in London to support the expansion.
The partnerships with iCapital, CAIS and Goldman Sachs Asset Management (GSAM) will give advisor and family office professionals access to new investment products, research, analytics and digital reporting tools.
FTSE Russell is rolling out new analytics for the U.S. exchange traded fund (ETF) market. The data and analytics suite is the first new product offering from FTSE Russell's XTF business, acquired by FTSE Russell parent company the London Stock Exchange Group in December.
Deutsche Bank is launching a Digital Factory in Frankfurt that will employ 400 digital specialists and banking experts working cooperatively to modernize the bank's technology infrastructure. The Frankfurt facility will work closely with the bank's existing innovation labs in Berlin, London and Silicon Valley.
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Capital requirements and leverage restrictions constrained and changed acquisition financing last year, a Wachtell, Lipton, Rosen & Katz partner wrote. In 2015, expect more of the same.