894 articles tagged with this keyword
News/Transaction banking
National Australia Bank (NAB) is to commit AUS$2bn ($1.38bn) to support Australia's technology sector.
20 June 2019
Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.
19 June 2019
Banks would struggle to defend themselves against a state-sponsored cyber attack that corrupted their records over a period of months, according to a Bank of England (BoE) official.
Payments professionals from across Europe are gathering in Stockholm this week for EBAday 2019, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.
Jobs in the UK's fintech sector have grown by 61% in the last year while demand for skilled workers has seen salaries rise by as much as 25% according to a recently published report.
18 June 2019
The Indian central bank has been persuaded to reconsider a controversial law that mandates payments data should not be allowed to leave India's borders.
The Italian Banking Association (ABI) has revealed that the country's banks will be using distributed ledger technology (DLT) to run its reconciliations as of March 2020, making it the first use of the blockchain among Italy's banks.
Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.
News/payments
EBA Clearing has won the backing of 24 financial institutions from 11 countries for a new pan-European Request to Pay (R2P) infrastructure solution.
17 June 2019
The European Central Bank (ECB) has awarded a tender to Italian payment processor SIA and telco Colt for the provision of connectivity services to the Eurosystem market infrastructures.
Two of the Nordics' biggest banks, Nordea and Danske Bank, expect to significantly reduce the number of staff employed in its compliance and financial crime departments and instead turn to robotics and artificial intelligence.
Visa has officially launched B2B Connect, its distributed ledger-based, non-card platform for high-value corporate, cross-border payments.
11 June 2019
A report from management consultant McKinsey suggests that retail banks have been slower to adopt blockchain technology because they face more challenges in reaping the potential benefits.
07 June 2019
An immature ecosystem and a lack of competition is slowing down South Korea's fledgling fintech industry according to the country's financial regulator
French bank Credit Agricole (CA) is set to spend €15 billion on new technology over the next four years as part of its digital transformation.
06 June 2019
A flurry of large M&A deals and the popularity of contactless payments have helped to create a record volume of fintech deals, according to a recent report, but also raised fears that the market may be overcrowded and reaching peak status.
The majority of fintechs in the Nordic and Baltics belive that the region can dominate the fintech landscape in years to come but only if they can secure greater access to investment capital.
05 June 2019
Chinese e-commerce giant Tencent is heading up a $35 million financing round for UK-based startup TrueLayer, further adding to its growing portfolio of fintech investments.
04 June 2019
Some of the world's biggest financial services firms - including Barclays, Nasdaq and UBS - have pumped £50 million into a new venture building a Utility Settlement Coin (USC), an asset-backed digital cash instrument implemented on distributed ledger technology.
03 June 2019
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