editor's corner

  • SWIFT hack reveals sophistication of attackers

    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 looks to develop blockchain-based securities lending application

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 to offer cross-border merchant services

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.

Fidelity forms partnerships to expand alternative investment platform for advisors, family offices

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's XTF unit rolls out new ETF market analytics

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 launches Frankfurt "Digital Factory" to speed IT modernization

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.