A new Spanish blockchain consortium spearheaded by Cecabank and professional services firm Grant Thornton is building tools designed to combat money laundering and boost KYC efforts.
If e-commerce conglomerates like Alibaba can move into banking, what's to stop banks moving into e-commerce? That's the thinking behind SkyShopper, a new online mall launched by Emirates NBD which aims to tap into the UAE's booming internet shopping market.
Two Australian fintech associations have welcomed a commitment by the country's securities regulator to step up research and investment in technologies that could help ease the compliance burden for new companies entering financial services.
Following a year-long experiment, the Bank of Canada says that distributed ledger technology is not ready to act as the backbone of a wholesale interbank payment system.
FIS is to sell a 60% stake in its global consultancy unit Capco to private equity firm Clayton, Dubilier & Rice (CD&R) for $477 million, retaining a minority 40% interest in the business.
The Dubai Financial Services Authority is to allow fintech firms to apply for a restricted six-to-12-month financial services license in order to test out innovative new products and services on the ground.