Nov 28, 20162 minConsortium troubles, old bank IT systems, fintech in auto finance and government fintech programsFintech news for the week of 21 November 2016. Prominent members walk away from consortium The R3 blockchain consortium of banks and other financial institutions had a difficult week. News first came that heavyweight members Goldman Sachs and Santander had decided to leave with some speculating that the departures were due to issues related to the current fundraising round. R3 was looking to raise $200 million but later downsized that amount to $150 million. Rumours indicate