During a panel discussion at LendIt Europe in London representatives from leading incumbent lenders Lloyds Banking Group (LBG), ING, BBVA, HSBC, and Barclays discussed the challenges faces in the new digital world; topics discussed include cultural transformation, more power in the customers hands and trying to stay on top of the latest tech trends. Source.
There has recently been a trending story amongst traders that Robinhood investors are the reason the markets have rebounded so...
Online lender Earnest is working with Barclays to find a potential buyer; seeking buyout at approximately $200 million; firm has raised over $300 million since 2013 and grown to 200 employees. Source
Barclays recently announced Shelton Shugar as the new CIO of the credit card division; in a Q&A with American Banker, Shugar discusses how they plan to compete in the US payment space and ultimately compete with fintechs; he also talks about the company's cloud computing strategy as well as his perspective on voice recognition and chatbots. Source
UK based invoice financing fintech MarketInvoice has raised a fresh $72mn in capital, $33mn in equity and a $39mn debt...
A blockchain trial has been completed with leading UK banks Barclays and RBS along with R3-affiliated Instant Property Network (IPN); the...
Barclays is launching the My Personal Bank finance service that will link all of a customer’s Barclays based accounts; they are testing the tool with 7,500 Barclaycard Arrival Plus World Elite Mastercard cardholders. Source.
JPMorgan Chase and Barclays have joined IBM’s quantum computing network as they look to use the technology to assess risk and stay secure; Barclays is beginning to test potential uses and JPMorgan Chase is looking to leverage quantum computing for trading, portfolio optimization and risk analysis; there is a lot happening in quantum computing these days as big tech firms look to master the technology seen as potentially 100,000 times faster than classic computers; while there are clear benefits to quantum computing banks are also looking at protecting themselves from the cyber threat that hackers could exploit using the same technology. Source.
A new startup that allows for ordinary people, with a focus on millennials, to trade options has received early backing...
Artificial intelligence (AI) is everywhere these days as more companies look to automate repetitive tasks to save money and reallocate...