European Investment Fund dedicates €100m to AI and blockchain
The EIF wants to address the blockchain and AI ‘financing gap’ in Europe.
Blockchain
Smartstream partners with Union Systems to tap Africa’s finserv space
Union Systems has a presence in 19 African countries.
Video: Top fintech stories this week – 22 November 2019
FinTech Future’s weekly news round-up.
Crypto compliance start-up TRM Labs raises $4.2m with help of PayPal
Backers include Reddit’s founder and PayPal Ventures.
US government plans strict enforcement of AML ‘travel rule’ for crypto firms
The rule requires crypto firms to share information about their customers.
English law makes crypto assets property and smart contracts binding
Barristers from Twenty Essex, 3 Verulam Buildings and 4 Pump Court signed.
AFME calls for supervisory convergence on the regulation of crypto-assets
Europe’s AFME lists five recommendations.
Crypto bank SEBA launches Swiss offering after FINMA greenlight
SEBA secured its banking licence in August 2019.
Blockchain: next steps towards collaboration, implementation and scalability
What do financial institutions have to know about blockchain, and how do we move from talk to action?
Standard Chartered latest bank to join Enterprise Ethereum Alliance
The bank will aim to deepen the EEA’s blockchain research.
DBS Bank unveils trade finance blockchain project
The new scheme is supported by a handful of collaborators.
Bitcoin ATMs in Nevada now need a money transmitter licence and bond
Find out the basics about virtual currencies regulation in Nevada.
Vietnam’s TPBank seals deal with blockchain paytech RippleNet
RippleNet claims its first bank client in Vietnam.
Picturewealth co-founder says VCs don’t understand profit when it comes to start-ups
Neal Cross reveals the flaws in fintech start-up’s pitches today.
German bank association fires shots at Libra, calls on politicians and central banks for digital euro
The association wants a crypto led by European commercial banks and politicians.
Crypto bundler Revix targets female investors, aims to make digital assets “responsible”
Revix will be sponsoring entrepreneur platform Future Females.
Moving from on-premise to destination to distributed platforms and networks
Most efforts to digitise global trade finance have been unsuccessful.
ING validates transactions without compromising data in “blockchain breakthrough”
Transactions on Corda can now be proofed with complete privacy.
GMG, Wecan and Capelli bring blockchain to real estate sector
The product is dubbed ‘Wecan Tokenize’.
Bank of Lithuania pits IBM against Tieto for new blockchain project
Two technology firms go head to head in final sandbox stage.
R3 signs partnership with securities exchange Archax
Firm will deploy R3’s Corda Enterprise platform for post-trade.
CIMB Bank Singapore completes first trade finance transaction with blockchain
Bank was aided in the transaction through use of iTrust platform.
From stablecoins to central bank digital currencies
In the sCBDC model central banks would focus on their core function: providing trust and efficiency.
Libra publishes signed charter with 21 members, inc. Spotify, Uber and PayU
Libra’s meeting also agreed on board members and staff.
Libra’s woes continue as Booking Holdings departs
The association has now lost 25% of its membership.
OTP Bank welcomes “later-stage” start-ups to its partnership programme
Applications need to be made by 22 November 2019.
US regulators remind FIs of AML obligations for digital assets
The CFTC, SEC and FinCEN point to AML/CFT requirements for digital assets.
Libra: Already a victim of fraud
According to the Facebook model, you steal a little and they bank the ad revenue.
Facebook’s Libra suffers additional regulatory scrutiny
FSB & G7 leaders believe it should halt operations until legal oversight is completed.
Mastercard, Visa, eBay and Stripe follow PayPal’s suit and leave Facebook’s Libra
Facebook’s hopes of a global cryptocurrency are hanging in the balance.
Digital currencies: the rise of stablecoins
Policymakers would be wise to envision far-sighted regulatory regimes that will meet the challenge.
Ripple inks blockchain partnership with Finastra
Finastra brings blockchain to its payments solutions.
UK challenger bank Tide gets investment from Japan’s SBI
The Telegraph says the SBI splashed £44 million on the British fintech.
Mandates and machines: The power of technology to bridge regulatory gaps
The SFTR challenge is complex, but technology can bridge these gaps.
Banking Technology October 2019 issue out now
Lessons from Africa.
Regulators could delay Facebook’s Libra launch, says executive
Libra’s MD says regulators must be “fully onboard” first.
Sibos 2019: Mike Clarke, global product manager, Deutsche Bank
Check out his thoughts on distributed ledger technology and more!
Beijing’s digital currency drives Chinese fintech stocks skyward
China’s fintechs have seen share price rises of up to 200%.
Sibos 2019: Final wrap-up of talks, interviews and daily news
See our final wrap-up of the London-hosted four day event!
Sibos 2019: “Blockchain is not a magic wand,” says Euroclear
The panel agrees blockchain is not a ‘one size fits all’ solution.
