EBA Clearing begins development of pan-European request to pay infrastructure solution
by Ben Poole
The delivery of the solution is supported and funded by 26 financial institutions from 11 countries for a go-live in 2020.
Europe
PIMFA raises concerns about complex MiFID II costs and charges
by Ben Poole
The response to ESMA's call for evidence requests no more rules on the timing, format and presentation of disclosures.
Elavon index finds UK SMEs have positive business outlook
by Ben Poole
SMEs are confident on growth despite challenges of Brexit, cash flow and customer retention.
CaixaBank R&D looks to apply quantum computing to Spanish financial activity
by Ben Poole
The bank-adapted quantum algorithm assess capital at risk for financial assets such as mortgage and treasury bill portfolios.
Progress on blockchain sandbox celebrated in Lithuania
by Ben Poole
LBChain has already had six fintechs test financial products on the blockchain platform.
Scope Ratings says ECB deposit-rate tiering no panacea for bank profitability
by Ben Poole
A report from the ratings agency highlights the impact that rate reductions are having on European financial institutions.
Concardis launches card acceptance platform for merchants
by Ben Poole
The digital product is targeted at SMEs in the DACH region.
Nordea economic outlook sees a time of fear
by Ben Poole
The report suggests that Sweden and Finland are in for the roughest time as a result of the current economic headwinds.
TSB and Square payments partnership targets UK SMEs
by Ben Poole
SMEs with a TSB Business Banking account can get free Square POS software and no processing fees on the first £1,000 worth of sales.
B-North works with Mambu and nCino to build UK SME bank
by Ben Poole
The collaboration pulls together a SaaS banking engine and a cloud-based loan and deposit origination platform.
LBBW and equensWorldline extend SEPA payments partnership
by Ben Poole
The partnership sees over 1 billion transactions processed per year.
Survey reveals UK fintech founders concerns for the industry
by Ben Poole
The research reveals the biggest challenges the sector is facing, and the steps government could take to support fintechs.
Deutsche Bank co-founds initiative to transform how companies are valued
by Ben Poole
The value balancing alliance aims to standardise how the total impact of a business is measured and valued.
Danish businesses turning away from cash
by Ben Poole
Survey finds electronic payments in Denmark are increasingly popular.
Survey confirms inspiration hits SMEs in the middle of the night
by Ben Poole
With the limits of unsecured digital lending increased, SMEs can apply for a loan to support new ideas at any time of day.
Commerzbank tests blockchain-based machine-to-machine payment solution for the first time
by Ben Poole
First use of cash on ledger for automated M2M payment processing in cooperation with Daimler Trucks.
HSBC expands pan-European commercial cards to nine currencies
by Ben Poole
Six additional European currencies have been added to the existing euro, US dollar and pound sterling capabilities.
Mastercard acquires Nets’ account-to-account payment business
by Ben Poole
The move is designed to meet application, service and payment needs of customers across card and account-to-account payments.
Kantox and Silicon Valley Bank partner on FX hedging technology to UK corporates
by Ben Poole
The micro-hedging solution is designed to automate FX risk management.
29% of UK SMEs likely to switch main bank account in next five years
by Ben Poole
Survey finds SMEs increasingly happy to switch their main account to a challenger bank.
ForgeRock releases open banking and PSD2 accelerators
by Graham Buck
The management software identity and access software specialist is accompanying the launch with an on-demand webinar
Russia’s finance ministry ‘seeks delay of Basel III reforms’
by Graham Buck
Finance minister Anton Siluanov wants Russia's central bank to hold off requiring banks to boost their capital buffers, says Reuters
Europe move on deforestation may impact on supply chains
by Graham Buck
The European Commission has signalled action to protect and restore the world’s forests, which are home to 80% of biodiversity on land
Starling Bank moves further into business banking
by Graham Buck
The UK digital bank is opening up its business account to more SMEs as it steps up a challenge to the country’s Big Four