Barclays says it is developing a "center of excellence" for fraud detection and response in Sunderland in northeast England. The new center will add 200 jobs to Barclays' existing facilities in the area focusing on fraud response, and will consolidate some fraud related operations that have been handled across the U.K. and overseas.
U.K.-based Learning Enterprises Organization (LEO) launched a digital currency last week that the company claims already has 100,000 users, making it the second most widely used cryptocurrency after bitcoin. The currency is traded on its own Hong Kong-based exchange and recognized on other exchanges as well.
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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When Apple Watch sold out in six hours on its first day of pre-orders last week, it even took some of the most bullish Apple observers by surprise.
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.
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.
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.
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.
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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.