Latest Wholesale banking News: Finextra Research

Big banks back new international blockchain alliance

Barclays, BBVA, Deutsche Boerse and Swift are among the financial services sector names to join a new collective promoting the development of a global framework for the development and adoption of distributed ledger technology.

03 April 2019

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Opengamma secures $10 million fund raise

London-based Opengamma, provider of a software-as-a-service-based analytics resource for derivatives traders requiring efficient capital allocation, has raised raised $10 million in funding led by early-stage fintech and B2B software venture capital firm Dawn.

03 April 2019

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Banco Santander earmarks EUR20 billion for digital spend

Banco Santander is to spend EUR20 billion on digital technology over the next four years as part of an efficiency effort aimed at slashing EUR1.2 billion in annual costs.

03 April 2019

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European Commission sets up fintech innovation forum

The European Commission has launched a European Forum for Innovation Facilitators (EFIF), to improve cooperation and coordination of national regulatory bodies in support of the region's booming fintech economy.

03 April 2019

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Temenos TCF The Hague- Digital Banking Reloaded- live blog, Day 1

Finextra is here in The Hague covering Temenos' annual bash. Stay tuned for live rolling updates on proceedings and the very latest in innovative functionality and streamlined operations.

03 April 2019

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ABN Amro shuts down German digital wealth manager Prospery

ABN Amro is pulling out of the robo advisory market, shutting down its online wealth management business, Prospery, in Germany after failing to attract sufficient clients.

02 April 2019

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DLT ready to drive widespread disruption in cross-border payments

The cross-border payments industry is "ripe for disruption", with distributed ledger technologies leading the charge, according to a blog post published by the World Bank.

02 April 2019

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Finleap acquires German digital business bank Penta

Berlin based Penta, a challenger bank for startups and small businesses, has been acquired by fintech venture builder finleap.

02 April 2019

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BBVA links loan interest rate to borrower's digital maturity

Spanish bank BBVA is introducing a new type of corporate loan that sees its interest rate decline as the borrower makes progress towards "digital maturity".

02 April 2019

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Fourteen banks back trade finance standardisation initiative

Fourteen financial institutions have come together to promote common standards for trade finance in a bid to make it more appealing as an asset class for institutional investors.

01 April 2019

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EBAday 2019 zones in on fintech

Finextra and the Euro Banking Association are inviting startups from across Europe to apply for one of 16 spaces available to meet and network with banking executives attending EBAday 2018, Europe's leading payments and transaction banking event.

01 April 2019

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Goldman Sachs follows UBS onto the naughty step over flawed transaction reporting

Last week it was UBS in the dock for transaction reporting failures, this week Goldman Sachs gets its chance to shine, forking out £34.3 million to the UK's Financial Conduct Authority for errors relating to 220.2 million transaction reports over a ten-year period.

28 March 2019

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