Moscow blockchain start-up launches supply chain finance platform
by Graham Buck
Russian fintech start-up Factorin has piloted the platform for six months and plans to move into the European Union
Europe
Sweden’s Riksbank plans to join ECB instant payment scheme
by Graham Buck
The country is likely to sign up to the Target Instant Payment Settlement (TIPS) system for real-time payments, launched last November.
Swiss regulator fines five banks €90m for FX cartel
by Graham Buck
Traders at Barclays, JP Morgan, Citigroup, MUFG and Royal Bank of Scotland were found guilty of collusion by Weko.
Netherlands central bank concerned by financial stability threats
by Graham Buck
The prolonged era of low interest rates offers little incentive for reducing debt loads, warns De Nederlandsche Bank (DNB).
Open banking platform Tink confirms PayPal as investor
by Graham Buck
The platform, originally a consumer finance app launched in Sweden, has expanded in six years and recently raised €56m in new funding.
Mastercard launches Open Banking Solutions suite
by Graham Buck
The four applications and services, initially focusing on the UK and Poland, aim to support the growth of open banking across Europe.
Banks’ online portal seeks to drive fintech collaboration
by Graham Buck
Israel’s Bank Leumi, North America’s CIBC and National Australia Bank pool resources as part of an international banking alliance.
Europe’s financial institutions ambivalent on open banking
by Graham Buck
A survey by open banking platform Tink finds nearly two-fifths see regulation opening up the market as a major threat to their business
Strong customer authentication rules ‘may dent EU internet economy’
by Graham Buck
The new legislation risks making an impact of up to €150bn when it is introduced this September, warns Stripe.
US and UK form fintech innovation partnership
by Graham Buck
The FIP will focus on two main areas of regulatory engagement and commercial engagement to facilitate innovation.
US fintech Plaid rolls out services in the UK
by Graham Buck
The six years old San Francisco company, already valued at $2.7bn, is expanding across the Atlantic and opening its first UK office.
Co-op’s £300m bond will support Fairtrade producers
by Graham Buck
The UK mutually-owned society has pioneered a sustainability bond in a first for the retail sector.
China-Latvia e-commerce hub launches in Riga
by Graham Buck
A ceremony at the Baltic Container Terminal in Latvia's capital marked the new China (Ningbo)-Latvia Cross-border E-commerce Hub.
BBVA hosts Family Cybersecurity Day
by Graham Buck
The newly-launched initiative by the Spanish bank aims to raise awareness and educate employees and their families.
Fintechs gain favour for B2B payments processing
by Graham Buck
Around three in four banks are seeking to leverage fintech solutions for payments-related services, reports Bottomline Technologies.
JCRA launches online financial risk management portal
by Graham Buck
Ada, named after 19th century British computer pioneer Ada Lovelace, is for finance directors, portfolio managers and accounting teams.
Swift trials real-time cross border payments via Tips
by Graham Buck
The network launches a Europe cross-border instant payment test via its gpi service and the TARGET Instant Payments Settlement platform
Deutsche Bank charts ‘Amazonisation’ of securities post-trade
by Graham Buck
A white paper issued by the bank evaluates the progress of harmonisation initiatives and calls for uniform regulations.
Global commercial insurance prices up 3% in Q1 2019
by Ben Poole
The rise marks the sixth consecutive quarter of price increases
PPRO and HighRadius aim to simplify European B2B payments
by Ben Poole
Integrated solution targets speed and accuracy upgrades to the B2B payment process
Nationwide receives £50m grant for business banking
by Ben Poole
A further £30m goes to Investec Bank and The Co-operative Bank for SME services
NICE Actimize launches PSD2 fraud profiling tool
by Ben Poole
The cloud-based solution from NICE Actimize targets the PSD2 compliance deadline.
Nordea extends we.trade blockchain platform to SMEs
by Graham Buck
Nordea is opening up the co-developed platform to smaller businesses after pilot customers used it for the first live trades last July.
Netherlands to issue green bond of up to €6bn on May 21
by Graham Buck
The country is the first with a triple-A credit rating to issue this type of security.