Latest Wholesale banking News: Finextra Research

Euronext tables EUR625 million bid for Oslo Bors

Euronext is pressing ahead with a EUR625 million takeover bid for Oslo Bors as the Scandinavian trading destination seeks to ignite a bidding war with alternative suitors waiting in the wings.

14 January 2019

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Monerium raises $2m seed round to issue e-money on blockchain

Monerium, an Icelandic startup planning to issue asset-backed, redeemable, and regulated e-money on blockchains through a licensed institution, has raised $2 million in a seed funding round.

14 January 2019

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MUFG launches $185m fintech fund

Japan's Mitsubishi UFJ Financial Group (MUFG) has set up a $185 million venture capital fund to invest in fintech startups.

11 January 2019

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US shutdown impacts fintech market

The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.

11 January 2019

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Scotland's fintechs treble in number

The number of fintechs based in Scotland has increased threefold in the last 12 months following an initiative between government, academia and the finance industry designed to boost the sector.

11 January 2019

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Mastercard ditches name in logo rebrand

Mastercard has taken the bold step of removing its name from its logo in a move it says is inspired by the rise of digital banking and a future where there will be less reliance on card payments.

10 January 2019

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Standard Chartered appoints global digital head

British bank Standard Chartered (SC) has hired Martijn De Jong as the global head of its Digital Channels & Data division.

10 January 2019

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EBA urges EU rules on crypto-assets

The European Banking Authority is calling on the EU to look into whether there should be a block-wide regulatory approach to crypto-assets.

10 January 2019

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The Innovation Game: Escaping legacy with new technology

APIs and cloud-based systems and low code developer tools are enabling banks to create a more open service, and this hybrid utilisation of new technology with legacy systems is a way to deliver new services, fast, without undergoing wholesale core transformation.

09 January 2019

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India central bank convenes digital payments panel

Reserve Bank of India (RBI) has recruited the Infosys chairman Nandan Nilekani to head up an advisory panel on the development of digital payments.

09 January 2019

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Investment Association opens second fintech cohort

The trade body for the UK's fund management industry, the Investment Association (IA), has extended its fintech accelerator initiative with the launch of a second cohort.

09 January 2019

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Central banks proceeding with caution on own digital currencies

Most central banks are exploring central bank digital currencies (CBDCs) but hardly any are at the pilot stage and even fewer see issuance as likely in the short or medium term, according to a Bank for International Settlements (BIS) survey.

09 January 2019

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