Foreign exchange

245 articles tagged with this keyword

/markets

CAB Payments raises up to £335m in London listing

British business-to-business cross-border payments firm CAB Payments raised up to £335 million through a listing on the London Stock Exchange.

/payments

CAB Payments plans London listing

British business-to-business cross-border payments firm CAB Payments is planning to list on the London Stock Exchange.

/markets

BNP Paribas and NatWest go live with CobaltFX Dynamic Credit

BNP Paribas and NatWest are going live with technology from CobaltFX that is designed to simplify and streamline the allocation of credit for FX transactions between banks and improve access to liquidity.

/startups

Austrade and SFA launch fintech collaboration initiative

The Singapore Fintech Association (SFA) and Australian Trade and Investment Commission (Austrade) have launched a joint programme to foster fintech innovation in both APAC countries.

/markets

T Rowe tests Avalanche blockchain Subnet

T Rowe Price Associates and WisdomTree are among the FS firms testing the Avalanche blockchain for executing FX and interest rate swaps.

/markets

United Fintech splits Cobalt into separate FX and digital asset ventures

Following its recent acquisition by United Fintech, Cobalt is relaunching as CobaltFX and spinning off its digital asset business to a new venture on the same platform.

/payments

Standard Chartered and Allinpay partnership enables cross-border QR payments

Standard Chartered Bank and Singaporean company Allinpay have enabled PayNow instant cross-border payments for merchants and businesses in Hong Kong using QR codes.

/crypto

Banque de France, HSBC, IBM test interoperability of wholesale CBDC

Following experiments demonstrating that DLT can be used with existing networks to complete CBDC financial transactions in real-time, Banque de France, HSBC and IBM have published a paper exploring their key findings.

/crypto

United Fintech buys FX and digital assets specialist Cobalt

United Fintech, an outfit dedicated to scooping up a stable of capital markets fintechs, has acquired Cobalt, a provider of risk and data services to the FX and digital asset markets. Terms were not disclosed.

/crypto

BIS and three central banks to test cross-border CBDCs using DeFi protocols

The Bank for Inernational Settlements is working with three central banks to explore cross-border CBDC trading and settlement using DeFi protocols.

/crypto

DBS goes live on SGX unit's crypto platform; launches programmable money pilot

DBS has become the first bank to go live on a new digital asset trading platform from Singapore Exchange unit MaxxTrader.

/payments

BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

The Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies (CBDCs) by commercial banks for foreign exchange transactions across borders, as part of Project mBridge.

/wholesale

BNP Paribas to buy currency risk management firm Kantox

BNP Paribas has struck a deal to buy currency risk management automation firm Kantox. Financial terms were not disclosed.

/people

Tech founders comprise 25% of Tech Nation’s Global Talent Visa endorsements

Tech Nation’s Global Talent Visa Report 2022 reveals that international tech leaders are rolling into the UK and strengthening the sector.

/payments

JP Morgan rolls out cross-border liquidity product in Saudi Arabia

JP Morgan Payments has launched a cross-border liquidity solution in Saudi Arabia, allowing clients to connect to liquidity pools in London and other international cities.

/markets

Big banks test DLT-based intraday FX swaps and repo trading platform

Teams from 14 banks, including Barclays, NatWest and Citi, have trialled a DLT-based intraday FX swap and repo trading platform from Finteum.

/payments

Santander launches instant payments into Brazil from Europe

Santander’s SME and corporate clients in Spain, from today, will be able to make immediate international payments to recipients in Brazil, in Brazilian Real, through the One Trade solution.

/payments

HSBC and Wells Fargo achieve PvP settlement finality with DLT

HSBC and Wells Fargo have completed the first interbank Payment vs Payment (PvP) settlement outside of CLS using distributed ledger technology from Baton Systems.

/inclusion

Dinosaur Merchant Bank launches remittance service

Investment firm Dinosaur Merchant Bank has partnered with Rational FX to offer web and app-based money transfer services.

/markets

Wise opens the gate for US investors with ADR program

Wise has opened the door to US-based customers and retail and institutional investors seeking to invest in the company from September 2021.