Tech briefs

CLS adds S African shareholders

FX settlement service CLS Group has added Absa and Standard Bank of South Africa as shareholders, bringing the total number to 71.

Nallie Bosman, group chief executive at financial services firm Absa, said CLS is a "great step forward" for Absa and South Africa – "mainly due to the direct benefits of reduced risk in FX settlement, but also due to the strategic value of the South African rand being part of a mechanism that will only accommodate the best currencies

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