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630 Results from /wholesale, 2019

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Marco Polo blockchain network used for commercial transactions

The Marco Polo blockchain trade finance network has successfully navigated unchartered territory, facilitating two commercial transactions involving Commerzbank and LBBW.

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New York Fed launches fintech advisory group

The Federal Reserve Bank of New York has set up a fintech advisory group, bringing together expertise from the worlds of financial services, technology, academia and non-profits.

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Twelve US banks join Know-Your-Vendor data hub

Twelve regional US banks have joined KY3P, a cloud-based network for assessing and monitoring third party vendor risk.

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Hong Kong SME financing platform raises $15m for China push

Hong Kong-based online SME trade financing platform Qupital is targeting the mainland after closing a $15 million Series A funding round led by CreditEase FinTech Investment Fund.

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MineralTree raises $50m

US accounts payable and payment automation technology provider MineralTree has raised $50 million in a funding round led by Great Hill Partners and joined by existing investors .406 Ventures and Eight Roads Ventures.

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SGX strengthens forex biz with BidFX investment

Singapore Exchange (SGX) has paid US$25 million for a 20% stake in BidFX, a specialised trading platform for global FX markets.

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Standard Bank contracts with AWS for mass migration to the cloud

Standard Bank of South Africa is to adopt a cloud-first approach to its business, contracting with Amazon Web Services for a mass-migration of its IT architecture in a bid to drive its digital transformation strategy.

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Money 20/20 Asia Q&A: Onfido’s Husayn Kassai on fixing identity services

Husayn Kassai, CEO and co-founder of Onfido, spoke to Finextra Research at Money 20/20 Asia in Singapore about the broken identity verification process, the role of machine learning in this space and the benefits of a pan-Asian KYC plan for identity services.

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Emirates NBD to use sandbox as fintech certification platform

Emirates NBD is bidding to attract third party fintech firms to its API Sandbox environment by promising to arrange demo opportunities with senior leaders of the bank and a certification award to participating startups.

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Russia pushes its Swift alternative

Russian authorities are promoting the international use of an alternative financial messaging system to the global Swift network in order to mitigate the risk of sanctions.

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Middle East bank chief calls for more regtech spending

The secretary general of the Union of Arab Banks has called on financial institutions in the region to increase their investment in regtech.

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UniCredit completes transaction on we.trade blockchain platform

UniCredit has completed its first Italian transaction via the blockchain-based trading platform we.trade.