financial sector

Federal banking regulator to launch financial technology office


The Office of the Comptroller of the Currency will appoint a chief financial technology officer.

Visa latest on blockchain bandwagon


Visa is the latest financial institution to get on the blockchain bandwagon, launching an interbank payments pilot based on the BTL Interbit platform.

Big banks join UBS on blockchain plan


Three of the world's largest banks have joined with UBS in its plan to use blockchain to document and secure interbank settlements, underlining the transformative potential of the new encrypted distributed ledger technology.

D.C. law firm makes new blockchain play


Washington law firm Steptoe and Johnson is launching a major play in the ‚Äčblockchain space, expanding its advice and other offerings about the revolutionary new "distributed ledger" technology across all business sectors.

Bank regulators briefed on Treasury-led cyber drill


Federal and state financial regulators have been briefed on the results of the latest Treasury-led cybersecurity exercise, which explored the risk of a banking system collapse resulting from a cyberattack.