Technology spend up 5% at State Street
State Street Bank spent $423 million on technology and communications in the first quarter, up 5% year over year but ...
Tag: settlement
HSBC, Wells Fargo use distributed ledger technology in FX payment trade
HSBC and Wells Fargo are performing Payment vs Payment (PvP) foreign exchange trade settlements using distributed ledger technology. The system ...
State Street, Vanguard pilot tests live trade on blockchain, smart contracts
State Street announced Monday it had completed a margin calculation process for a live trade of a 30-day foreign exchange ...
Citi sharing post-trade data with Snowflake to ease settlement
Citigroup Inc. will begin sharing some data with cloud-storage software maker Snowflake Inc., a move that will help the bank ...
Visa pilots settlement prediction service for client banks
Visa is leveraging AI and real-time analytics to pilot a new service that will help banks manage their transaction settlements. ...
