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.
Region
Fitch: MMF reform has yet to extend to South Africa
by Graham Buck
Money market fund reform in North America and Europe hasn’t yet reached the country, as South Africa opts for a ‘wait and see’ approach
Ripple eyes South America expansion with Brazil launch
by Graham Buck
The real-time payments specialist revealed a key hire made earlier this year as it looks to develop business in the region
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.
Target joins US retail giants exploring blockchain
by Graham Buck
For nearly a year, the Minnesota-based group has quietly worked on a blockchain-powered solution for supply chain management.
US healthcare sector’s CFOs focus on IT system integration
by Graham Buck
A survey by industry researcher Black Book identifies it as their main IT challenge, reflecting a lack of investment in recent years.
Fraudsters target Australia’s instant payments system
by Graham Buck
Westpac, one of the country’s big four banks, revealed that its PayID lookup function had been infiltrated.
Microsoft adds real-time stocks data to Excel
by Graham Buck
The partnership with Nasdaq and Refinitiv builds on and expands last year’s launch of the Stocks data type in Excel.
Ford collides with China’s antitrust regulator
by Graham Buck
The US motor giant’s Changan unit is fined US$23.6m with warnings that a list of “unreliable” foreign businesses is being compiled.
PayFi, The Clearing House partner on US real-time payments
by Graham Buck
The partnership promises to bring real-time payment capabilities to community banks across America.
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.
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.