R3 is still around; but, they abandoned ETH after testing it early in 2016. They went on to test various competitors platforms and then developed their own. Now they are just another Ethereum competitor among the many.
R3 failed as a consortium, they reached the conclusion that they do NOT need blockchain technology for what they were testing. That has nothing to do with ethereum and they are not really an ethereum competitor, it's like comparing apples to oranges.