`
News
Trixze Smith
Forbes: The Fintech 50: The Complete List

Just as Amazon changed the way we shop and Apple reinvented the music biz, digital disruption is going to soon affect every aspect of your money: how you earn it, save it, invest it and spend it. You'll want to keep close tabs on the 50 companies listed here. They are the small firms destined to have a big impact on your financial future and possibly upend your portfolio.

News
Jo Lang
FT: Blockchain initiative backed by nine large ...

Nine of the largest investment banks, including Goldman Sachs, JPMorgan and Credit Suisse, are planning to develop common standards for blockchain technology in an effort to broaden its use across financial services.

The group are looking to channel data, ideas and financial backing to a start-up called R3CEV, a New York-based group of trading and technology executives.

R3’s distributed ledger initiative grows to 42 bank members and looks to extend reach to the broader financial services community

Next phase of engagement to start in January and focus on non-bank institutions

December 17, 2015 (New York/San Francisco/London) – Financial innovation company R3 has concluded its distributed ledger bank membership round with the addition of 12 new banks, bringing the total number to 42.  Since its September launch, the company has seen a groundswell of interest in the consortium from financial services companies around the world.  

Having built a network that includes most of the world’s major global banks, and with the window for the admission of new bank members having closed under the consortium’s formative agreement, R3 will now focus efforts on broader engagement with a diverse range of institutions outside of the banking industry.  As part of that initiative, R3 is considering options for participation in the consortium by various categories of non-bank institutions after the first of the year. 


Forbes: The Fintech 50: The Complete List

Just as Amazon changed the way we shop and Apple reinvented the music biz, digital disruption is going to soon affect every aspect of your money: how you earn it, save it, invest it and spend it. You'll want to keep close tabs on the 50 companies listed here. They are the small firms destined to have a big impact on your financial future and possibly upend your portfolio.

R3 assembles expert technology team to lead distributed ledger initiative

Today’s staffing announcement coincides with the addition of five more banks to R3’s distributed ledger initiative – BNP Paribas, Canadian Imperial Bank of Commerce, ING Bank, Macquarie Bank, and Wells Fargo & Co. – bringing the total number of bank members to 30.

R3’s distributed ledger initiative adds 13 additional bank members

Initiative to advance state-of-the-art technology in global financial markets now comprises 22 banks

September 29, 2015 (New York/San Francisco/London) – Financial innovation firm R3 today announced that an additional 13 of the world’s leading banks have joined its partnership to design and apply distributed ledger technologies to global financial markets.  The news comes two weeks after R3 and nine initial member banks publicly announced the formation of their distributed ledger initiative.  

This addition, which takes the total number of banks collaborating on the project to 22, includes Bank of America, Bank of New York Mellon, Mitsubishi UFJ Financial Group, Citi, Commerzbank, Deutsche Bank, HSBC, Morgan Stanley, National Australia Bank, Royal Bank of Canada, SEB, Societe Generale and Toronto-Dominion Bank.

These institutions will join Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, Goldman Sachs, J.P. Morgan, Royal Bank of Scotland, State Street and UBS in developing commercial applications for this emerging technology in the global financial services industry. The project will also seek to establish consistent standards and protocols for the technology in order to facilitate broader adoption and gain a network effect.