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
Europe
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
ETFs “are no Harry Potter product”, claims industry
by Graham Buck
The European Systematic Risk Board (ESRB) warned that exchange traded funds pose a possible systemic risk to the financial system
More UK companies named and shamed as late payers
by Graham Buck
BAE Systems, Centrica and Prudential are among 18 businesses deemed as unethical for late payments to suppliers
FIME launches testing tool for open banking APIs
by Graham Buck
The new solution enables banks and third-party providers to verify APIs against Payment Services Directive (PSD2) standards
UK uptake of open banking ‘hampered by PSD2’
by Graham Buck
A report by advisory firm Fingleton Associates finds that progress has been made, but more is needed for open banking to gain traction
Market volatility widens FX losses for North American companies
by Graham Buck
Four consecutive quarters of increasing losses saw the figure climb to US$23.4bn in the first three months of 2019, reports Kyriba
Blue Motor Finance, Lloyds partner on instant payment API
by Graham Buck
The partnership will focus on a ‘Faster Payments and Direct Debit API’ for motor traders and dealerships
Nestle trials public blockchain for dairy supply chain
by Graham Buck
The Swiss group, which has already experimented with the technology, is aiming for even greater transparency
Neo gets green light for corporate multi-currency account
by Graham Buck
The ‘open network for the smart economy’ plans to launch the multi-currency account in four countries in early 2020
EMEA treasurers expect shift to non-bank services
by Graham Buck
Newer providers of services from payments to FX platforms and liquidity pools are increasingly in demand, a Finastra survey suggests
Nets, Giro partner on Hungary instant payments platform
by Graham Buck
The Nordic payment service provider sets up its instant payments platform in the country with the National Bank of Hungary subsidiary
Netherlands’ slow progress on PSD2 adoption analysed
by Graham Buck
Reports suggest the country is lagging in developing open banking, despite Dutch digital proficiency and openness to new technology
Fitch highlights European high-yield fund risk
by Graham Buck
After the Woodford Equity Income episode, the ratings agency says the sector “appears to be operating with significant liquidity risk"
Tink: Banks’ poor-quality APIs threaten success of PSD2
by Graham Buck
The Swedish open banking platform claims that none of the production APIs made available meet regulatory requirements on integration
UK government unveils Green Finance strategy
by Graham Buck
The Treasury wants the country’s financial services sector to be at the centre of policies to combat climate change
More UK defined benefit pension plans are cashflow negative
by Graham Buck
Strong equity returns in 2017 and rising yields last year “helped many DB plans to move closer to their endgame,” reports Mercer
Mastercard and Scandi banks plan real-time payments platform
by Graham Buck
The global payments giant will partner with the bank-owned P27 Nordic Payments Platform on “the world’s most advanced system”
Reinsurers look to adopt straight-through processing
by Graham Buck
STP is the only viable solution to the industry’s ballooning expense ratios, experts have concluded
BoE governor: Many firms ‘unready for no-deal Brexit’
by Graham Buck
Mark Carney believes three in four UK businesses have done as much as they can, but 150,000 firms would be unable to export
Turkey introduces cheaper liquidity facility
by Graham Buck
The Central Bank of Turkey announced earlier this week that primary dealer banks would be able to access cheaper funding
Commercial real estate stock exchange nears launch
by Graham Buck
The International Property Securities Exchange (IPSX) will be dedicated to commercial real estate owners and managers