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.
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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.
Moody’s supports new liquidity requirement for India’s non-banks
by Graham Buck
The new LCR, to be phased in from April 2020, is among a number of measures introduced since the demise of a major lender last autumn.
Bank of America warns trade wars to dent US corporate profits
by Graham Buck
The bank’s top stock strategist warns clients that the S&P 500 has yet to reflect the impact the US-China trade dispute may have on ear
Walmart signs up for blockchain to track pharmaceuticals
by Graham Buck
MediLedger’s aim is to establish an “open and decentralised network for the pharmaceutical supply chain.”
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.
Trump tax breaks ‘saved US corporations US$91bn’ in 2018
by Graham Buck
The Tax Cuts and Jobs Act passed in late 2017 cut the rate of corporate tax from 35% to 21%, but many companies reduced it further.
Credit Suisse pioneers first in Singapore dollar bond market
by Graham Buck
CS’s first Singapore dollar-denominated AT1 perpetual bond is hailed as a new source of bank funding that diversifies the investor base
Visa chief downplays banks’ push for real-time payments
by Graham Buck
Al Kelly says he is unconvinced real-time payments will take off and asks: “Does the consumer really need the funds that much faster?"
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.
Consolidation continues as Global Payments pays $21.5bn for TSYS
by Graham Buck
The payments technology sector marks its third major acquisition deal since the start of this year.
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.
India’s RBI issues liquidity management guidelines
by Graham Buck
The country’s central bank is proposing new rules for non-banking finance companies to help them deal with severe liquidity problems.
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.
Taiwan completes its first sustainability-linked loan
by Graham Buck
The three-year loan is the first for an Asian-Pacific IT company to be evaluated using environmental, social and governmental metrics.
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.
Asian Development Bank funds Philippines, India rail projects
by Graham Buck
The ADB will provide funding of up to US$2.75bn in its single largest infrastructure project financing to date.
Standard Chartered and IBM Launch Trade AI Engine
by Graham Buck
The solution, for converting non-digital shipping documents into machine-readable format, is live in Asia, Africa and the Middle East.
Chicago Board Options Exchange launches Cboe FX Point
by Graham Buck
Cboe’s institutional FX arm says the electronic foreign exchange trading venue gives institutional investors a range of options.
Moody’s helps US SMEs with cash flow forecasting
by Graham Buck
The credit ratings agency is partnering with the Foundation for Small Business Development to help firms access financial resources.
Kyriba links with JP Morgan on real-time payments
by Graham Buck
The San Diego group is the. first treasury management provider to offer real-time payments in the US to the bank’s corporate customers.