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Summary of Various Interesting FinTech News & Insights This Week

What's a better way to end the week than a quick summary of what transpired in the industry? Starting this FinTech News & Insights potpourri with some Blockchain/Smart Contract news:

Four global financial institutions (Bank of America Merrill Lynch, Citi, Credit Suisse, J.P. Morgan), The Depository Trust & Clearing Corporation (DTCC) and Markit, in collaboration with Axoni, a distributed ledger technology firm, completed a test recently. Over the course of the multi-month project, the group established a blockchain trade processing network across a blend of hosted and locally-installed deployments of Axoni software. CDS (credit default swaps) transactions were selected as the basis for this initial test case considering the variety of lifecycle events which apply, as well as the availability of an efficiency benchmark established by the DTCC Trade Information Warehouse (TIW), the global market standard for post-trade asset servicing of credit derivatives. In the test, Markit generated smart contracts from CDS trade confirmations sourced from MarkitSERV, creating a synchronized, distribute ...

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