No more credit cards, pay with your smile – Industry roundup: 18 May
by Kylene Casanova
Fastest growing fintech, Synergistic collaboration, 5 partnerships with DBS, $100 million risk-sharing facility, biometric facial recognition.
News
McDonald’s makes its Russia exit final – Industry roundup: 17 May
by Graham Buck
El Salvador hosts crypto convention; Carbonplace and Visa form partnership; Absa Bank smartcard for Kenya's doctors; Contour and TradeLens eBLs link
Bitcoin does not scale – Industry roundup: 16 May
by Kylene Casanova
...Bitcoin's future as a payment network because Bitcoin's "proof of work" system will not be able to handle millions of transactions.
These three banks jointly invest US $105M in digital asset infrastructure – Industry roundup: 13 May
by Kylene Casanova
US Bank and LiquidX alliance, Temenos banking cloud solutions, Algoan’s global credit scoring API solution, OwlPay and Nium partnership
Tether falls below USD, furthering crypto chaos
by Kylene Casanova
....and processed $2 billion worth of withdrawals, representing approximately half of the company's cash.
TerraUSD’s fall shakes confidence in stablecoins – Industry roundup: 12 May
by Graham Buck
AFP extends global presence; Standard Bank names first black female chair; South Korea watchdog wants tough risk management; Thailand relaxes FX rules
Interest rate guidance to combat inflation – Industry roundup: 11 May
by Kylene Casanova
Visa Ready platform, EMTECH and HaitiPay, Chile's digital peso, omnichannel global digital banking app, Canadian inflation.
US dollar rides high despite inflation spike – Industry roundup: 10 May
by Graham Buck
ANZ reports stablecoin progress; India’s SEBI probes Axis AM; LedgerEdge corporate bond platform live; Bitcoin "failing as inflation hedge"
Central Bank of Argentina moves anti-crypto – Industry roundup: 9 May
by Kylene Casanova
Argentina intervenes to deter banks cyrpto, Ripple lawsuit, ECB resists pressure, U.S. regulatory agencies Community Reinvestment Act
Digital crypto bank in Brazil – Industry roundup: 6 May
by Kylene Casanova
According to reports, ICICB is implementing a robust Anti Money Laundering compliance framework to ensure a high of regulatory compliance.
Central banks lower curtain on era of minimal interest rates
by Graham Buck
‘’Financial markets have become hooked on the drug of cheap money and policymakers are clearly keen not to induce a shock for the economy"
Kangaroo bonds bounce back – Industry roundup: 5 May
by Graham Buck
Philippines plans CBDC pilot; Argentina banks offer crypto trade; B2B global payment trends revealed; Digitally enhanced trade finance
Rise in suspicious crypto activity – Industry roundup: 4 May
by Kylene Casanova
Rising suspicious activity reports (SARs) on cryptocurrencies, US FedNow service pilot program, testing real-time cross-border payments.
Citi CEO foresees global schism – Industry roundup: 3 May
by Graham Buck
Australia lifts interest rate; Boom times ahead for NFTs; UK corporate agenda embraces ESG; US$1m boost for real-time payments
Apple charged with violating EU antitrust laws – Industry roundup: 2 May
by Kylene Casanova
Apple responsible for violating EU antitrust laws, Russian borrowing costs, Swiss Bank exclude bitcoin, cross-border trades in India,
Metaverse opportunities: 5 billion users and $13 trillion value
by Pushpendra Mehta , Executive Writer, CTMfile
Metaverse promises to be the next big tech and business opportunity for corporations and financial services sector.
Visa security concerns – Industry roundup: 29 April
by Kylene Casanova
Deutsche Bank’s new forecast, self-service API via Kyriba and ICD, Philippines to test wholesale CBDC, SEPAexpress to grow its financial network.
Sanctions sink trade finance bank ATB – Industry roundup: 28 April
by Graham Buck
Trio partner on cross-border payments; The CAR legalises Bitcoin; Brazil instant payments gain traction; Alibaba joins Low Carbon Patent Pledge
Chinese SWIFT is growing – Industry roundup: April 27
by Kylene Casanova
Fiserv to offer banks fintech-enabled capabilities, Belarus completes connection to China’s version of SWIFT, stringent ESG regs, TrueLayer API...
Key pain points for today’s liquidity management
by Pushpendra Mehta , Executive Writer, CTMfile
A recent IDC study recommends treasurers and other financial leaders develop a “unified” liquidity management strategy.
China supports Covid-hit yuan – Industry roundup: 26 April
by Graham Buck
Bahamas moves further with crypto; Sovereign wealth funds’ risk appetite wanes; Tight spending buoys shale gas; Mexico aims for CBDC in 2025
Withdrawing From Russia – Industry roundup: 25 April
by Kylene Casanova
UK creditors interest rates, Citi and EBANX alliance, weak fraud prevention measures, Binance cuts Russian service, UnionPay withdraws from Russia.
Crypto payments – Industry roundup: 22 April
by Kylene Casanova
Contis new payment processing solution, Alchemy Pay and ePayments partnership, FOMO Pay, Commerzbank.
Industry roundup: 21 April
by Graham Buck
Fitch outlines China challenges; Euro firms gain from commodity hedges; SG seeks start-ups to accelerate; Citi recycles for corporate cards