Crypto IRA software platform iTrustCapital secures $125m in growth equity
The growth equity investment round values the company at more than $1.3bn.
Trade Finance
2021: Top five movers and shakers
FinTech Futures takes a look back at some of the year’s seminal hires and appointments.
MODIFI secures $145m in debt financing to boost SME trade support
“2021 has been a challenging year for SMEs,” says MODIFI CEO.
HSBC and Wells Fargo launch blockchain-based FX settlement solution
The shared, private ledger enhances settlement speed and efficiency and reduces risk.
Swift changes for guarantees – are banks ready to deliver a digital trade service?
The new Swift CAT7 standards will have a significant impact on the trade finance industry, but are banks prepared?
Social investing app Shares hires former Revolut product lead as CPO
Harjas Singh will be based in the company’s London office.
Euroclear partners India’s HCL to modernise digital framework
HCL will set up a co-innovation lab in Brussels to explore emerging technologies.
Singapore and UAE conduct first cross-border digital trade document transfer
Singapore’s TradeTrust enables counterparties and banks to validate documents digitally.
Ebury partners Santander to help German SMEs trade globally
The partnership plans to offer a solution that streamlines cross-border trade.
Asset manager Abrdn confirms Interactive Investor takeover talks
Abrdn confirmed talks are taking place, but made clear nothing is finalised as yet.
German investing start-up Moonfare raises $125m in Series C round
The platform opens up access to private equity funds for individual investors.
Silver Lake to acquire 10% stake in Euroclear from ICE in $825m deal
The deal could be finalised by the middle of next year and is subject to regulatory approval.
Citi picks Capital One’s Naveed Anwar for digital head of TTS
The Capital One man is an industry veteran of 20 years across PayPal, eBay and AOL.
Bond trading fintech Trumid secures $208m in financing to fuel growth
Cash will be used for technology development and to expand into new markets.
Exclusive: Santander’s PagoNxt to discontinue PagoFX app to refocus on trade services
Users will no longer be able to use the service to send payments after 30 November.
Irwin secures $20m in Series A funding round led by K1
The investment will help further the fintech’s mission to upgrade the capital markets software offering.
Trade surveillance fintech Eventus secures $30m Series B funding
Eventus will use the Series B cash to continue its growth.
State Street to acquire BBH Investor Services in $3.5bn deal
State Street says the deal will help enhance its investment products and services.
Blockchain’s potential to change the face of trade finance
Blockchain could be the most effective platform to help digitise trade finance processes.
Trading technology firm DriveWealth secures $450m Series D funding
Fintech will use the funds for continued product and service expansion and additional hires.
Bitpanda valued at $4.1bn after $263m Series C raise
Austrian firm has now raised around $546 million in total funding.
Exclusive: Central Bank of Egypt selects collection of Oracle FS platforms
Central bank picks a range of systems from digital banking to treasury and credit facilities.
Major Indian banks join trade finance blockchain project IBBIC
The consortium promises the creation of a secure environment for processing letters of credit.
Video: fintech news pick of the week – Visa, FTX and Bank of Ireland
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
FinTech Futures Jobs: Three really great jobs to take a look at this week
Exciting vacancies at Plum, Viber and BNY Mellon. Apply today!
ICYMI funding round-up: Credit Fair, Plooto, Xclaim, Weavr & more
Another batch of funding rounds that might have flown under your radar.
Broadridge appoints Ray Tierney as new president of Itiviti
The firm signed a $2.5 billion deal to acquire Itiviti earlier this year.
ICYMI funding round-up: Upflow, TRM Labs, Booste, Crediverso & more
A heaping helpful of funding rounds from this week to get your teeth into.
Mauritius Commercial Bank adopts Mitech trade finance tech
Commercial bank to deploy its new platform on the cloud.
Intraday FX swaps move closer with 11-bank trial
The bank-led initiative uses the platform from London-based firm Finteum.
Commerzbank confirms first commercial transactions on Marco Polo network
Commerzbank, İşbank, LBBW and two corporates have completed transactions ahead of a launch.
Mashreq takes Oracle components around existing Flexcube core
Mashreq Bank is seeking to improve its transaction banking proposition.
Digitising trade finance: the next frontier for financial services innovation
The next breakthrough in trade finance is automation driven by data interchange through APIs.
An era of digital trade
Technology creates opportunities to transform existing processes across global supply chains.
Corporate banking’s biggest challenges in 2021, and how to solve them
Three key areas of focus are cash management, working capital, and trade finance.
UK fintechs Token and Tradeteq get investment
$15m for open banking payments platform Token and $9.4m for trade finance tech specialist Tradeteq.
Brexit forces interest-rate derivatives trading shift to US
A permanent shift to New York would be particularly damaging for London.
CME Group and IHS Markit create post trade joint venture
A handful of CME’s systems will combine with IHS’ MarkitServ.
Digitisation answers the quest for risk mitigation in global trade
These concerns have been heightened by a series of fraud allegations relating to commodity transactions.
Crypto platforms drop support for XRP amid SEC’s Ripple lawsuit
Some crypto exchanges have delisted it while others have halted, suspended, or disabled trading for XRP.
