Barclays is one of the few U.K. banks that has not yet agreed to support Apple Pay when it launches in the U.K. in July, but the bank is stepping up the competition, debuting its own contactless pay solutions available for purchase July 1. Barclays' Barclaycard division is launching three new devices – a wristband, a sticker and a key fob, or key chain – that can be used to make contactless payments across the U.K.
Charles Schwab this week unveiled its Institutional Intelligent Portfolios, a version of its Intelligent Portfolios robo-advisory offering designed specifically for registered investment advisors (RIA). The firm said that the automated offering will help advisors scale their businesses and reach new market segments with automated services.
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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Announcements from two major exchanges Tuesday pointed to the growing importance of indexes as a revenue generation tool for marketplaces. The announcements from Deutsche Borse and Nasdaq follow London Stock Exchange's recent acquisition of the Russell Indexes.
Liquidnet has announced a new algorithm that will give its clients the access to additional liquidity on the IEX marketplace while continuing to maintain safety and security for clients' block orders.
The crisis in Greece appears to be prompting a surge in bitcoin buying, particularly in Europe where the Greek crisis has strongest implications. But the buying is not coming from Greece itself, bitcoin observers said, as Greeks are currently restricted in their access to cash with which to buy bitcoin.
BT Radianz aims to use the Radianz Cloud as a platform for accelerating innovation in financial markets by reaching out to financial technology startups. The company said the effort addresses today's business climate in which regulation and technology are leading to an unbundling of services spawning new and innovative solutions.
Citi has redesigned its Citi Mobile App for iPhone to include integration with the Apple Watch as well as new features for ease-of-use, such as the use of Touch ID for quick log ons.
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7 out of 10 midsize and large companies still use spreadsheets for planning.
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.