American Express first foreign credit card player to launch in China
AmEx won initial approval in 2018 for a bank card clearing licence in China.
Clearing & Settlement
Why Raiffeisen Bank is taking digital currency into its own hands
The bank is working with Billon to build its own tokenisation platform.
Anyday and Clearhaus to take on payment giants in Norway and Spain
“We’re ready to take on the giants,” says Anyday’s CEO.
Wirecard signs payments processing partnership with Visa
The two firms will work on Visa’s Fintech Fast Track Program in the Middle East.
Jumhouria Bank goes live on SmartStream cash reconciliation system
Libya’s largest bank signed for the platform back in July 2018.
Swift cancels Sibos amid COVID-19 crisis
Delegates that had signed up to attend will be offered a full refund.
Nordea helps suppliers to get paid early amid coronavirus
Suppliers will benefit from “several hundred million euros” early.
LCH implements clearing and settlement solution from LSEG Technology
The new system will reportedly clear and risk manage 20 million trades per day.
Coronavirus exposes gaps in innovation
The pandemic has given fintechs a time to shine.
Swedish central bank signs agreement to join TIPS from 2022
Swedish krona to be settled by EU-wide payments scheme in a few years’ time.
Banking industry publishes EU payments plan post-coronavirus
The paper puts a heavy emphasis on instant payments.
Poland’s KIR issues e-signatures with Cryptomathic
The release will push along deals otherwise on hold due to social distancing measures.
ABN Amro withstands $200m loss from margin call failure of one client
The loss is equivalent to almost 10% of the bank’s annual profits.
Goldman Sachs becomes part of SAP’s Ariba Network
More than 4.6 million companies make up the Ariba Network.
Banking Technology March 2020 issue out now
Keep calm and carry on: Where does COVID-19 leave the Chinese fintech market?
iSignthis to form blockchain venture with NSX to compete with ASX
NSX suspended iSignthis from trading on its platform five months ago.
Wematch hosts “first fully electronic” Eurex-LCH basis swap trade
The swap was piloted between Societe Generale and LBBW.
Swedbank partners SIA and TietoEVRY for RT1 payments
30 million payments have already been made on the new system.
Video: Top fintech stories this week – 11 January 2020
FinTech Future’s weekly news round-up.
Video: Top fintech stories this week – 20 December 2019
FinTech Future’s weekly news round-up.
Cash management – changes, challenges and opportunities
Cash management is critical for organisations operating across multiple geographies or multiple lines of business.
Cboe Global Markets agrees to acquire EuroCCP
The deal is expected to close in the first half of 2020.
Video: Top fintech stories this week – 22 November 2019
FinTech Future’s weekly news round-up.
JP Morgan and Baton Systems develop real-time clearing system
New platform to address challenge of tying excess funds across clearing workflows.
Clearing the liquidity fog in 300 milliseconds
FinTech Futures speaks to CEO and founder of RTGS.global, Nick Ogden.
EBA charges European Commission with cross-border services mission
A new report calls on the EC to help to smooth challenges facing cross-border business.
Starling Bank launches dual currency debit card with pounds and euros
The card will go live alongside its business euro account launch.
Mastercard trials Payment on Delivery with PNC Bank
New solutions aims to eliminate problems around cash and cheque usage.
Finnish invoicer Enterpay raises €1m and partners with German bank
The fintech partners with Volksbanken Raiffeisenbanken.
Mandates and machines: The power of technology to bridge regulatory gaps
The SFTR challenge is complex, but technology can bridge these gaps.
HKEX £32bn bid for LSE faces rejection
HKEX’s proposal is conditional on LSE abandoning a $27bn acquisition of Refinitiv.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Nationwide and ClearBank partner for new business account
The partnership will provide access to real-time payments.
Moors and Cabot selects RBC as new clearing partner
This will enhance the firm’s back-office capabilities.
SIA and Colt join Swift as ESMIG connectivity providers
Single market access is scheduled from November 2021, with the ECB overseeing the tender process.
ABX wins approval for crypto asset exchange and custodian
The exchange has its eyes set on bridging the gap between the MENA region and the rest of the world.
Swift awarded ESMIG network service provider status
Swift will be supporting its customers through their Target consolidation projects and the migration to ESMIG.
Doxo to provide electronic billpay solution to RR Donnelley & Sons
Doxo’s payment solution enables customers to access and pay bills from more than 45,000 providers
Vocalink to revamp Peru’s payments system
Teams with Cámara de Compensación Electrónica for real-time upgrade.
Mark Carney’s backdoor to the European financial system
The boom in fintech investment should not be taken for granted.
