CME Group and IHS Markit create post trade joint venture
A handful of CME’s systems will combine with IHS’ MarkitServ.
Trade Finance
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.
Sberbank Switzerland outsources core to Avaloq
The implementation and migration took ten months.
Swiss government launches green fintech network
Sustainable investments in Switzerland have risen to CHF 1.16 trillion ($1.2 trillion).
Denmark’s EKF picks Calypso for its treasury software
The credit export agency selected Calypso after an “extensive” tender.
India’s Wipro to buy Finastra partner Encore Theme Technologies
Encore Theme claims to be one of Finastra’s “fastest growing partners”.
Calastone acquired by US private equity firm Carlyle Group
Financial details of the agreement have not been disclosed.
Trading 212 integrates TrueLayer’s open banking platform
The API allows users to quickly and securely fund their investment account, using payments initiation.
Bank of Thailand launches “world’s first” blockchain platform for bond issuance
IBM acted as a technology partner with its IBM Cloud.
Meet Mitigram, the female-founded fintech backed by a female-led VC
Mitigram is a global trade finance platform designed for exporters, traders and banks.
Impact investing: the powerful new trend
Barry Palte, chairman of EQ Capital Partners makes a case for ESG investments.
The new face of client relationships in wealth management
Wealth managers now have access to more tools than ever to digitise processes.
The PRIIPs EU stalemate: the story so far
The fate of the current PRIIPS Key Information Documents (KIDs) remains uncertain.
Nasdaq proposes IPO alternative to raise funds
Nasdaq’s proposal to the SEC pushes for alternative routes to the public markets.
Gemini picks Eventus Systems for trade surveillance
Popular cryptocurrency exchange boosts its monitoring.
Robinhood’s value tops $11bn on new funding round
The new valuation increased by nearly one-third from a previous round just one month ago.
BaFin employees increasingly traded Wirecard shares
2.4% of all reported private financial transactions by its staff were transactions with Wirecard in H1.
Bond issuance is ballooning
But the process of issuing bonds is unbelievably slow and largely manual.
Standard Chartered signs multi-year cloud deal with Microsoft
The bank is shifting a series of systems to the cloud by 2025.
BIS and HKMA launch trade technology challenge
New scheme kicks off with approval from a handful of Chinese regulators.
Affirm eyes IPO with up to $10bn valuation
PoS lender is working with Goldman Sachs in early-stage discussions of a potential listing.
LSE considers sale of Borsa Italiana to appease regulators
LSE exploring options to push through $27 billion acquisition.
ING partners with genesis to launch Credit Insurance Application
Dutch bank plans to revamp credit and political risk insurance.
Deutsche Bank buys minority stake in Traxpay
Deutsche wants more European banks to invest in the platform.
DBS and Infor partner to offer SMEs digital trade financing
The partnership is one of a line of joint projects between Infor and DBS.
Carta faces gender discrimination lawsuit
Paying her less than her male peers and subjecting her to other forms of gender discrimination.
nCino prices IPO above price range at $31 a share
The company sold 8.06 million shares to raise $249.86 million on 13 July.
ASB Bank replaces legacy trade finance system with CGI’s Trade360
The New Zealand bank is deploying the platform on the cloud.
Bank of England apologises for role of former governors linked to slave trade
British taxpayers have been paying off slave owners from 1833 to 2015.
FCA permanently bans marketing of mini bonds
The FCA will extend it to other speculative investments that are hard to trade.
Greensill acquires Colombian fintech Omni to turbocharge LatAm growth
Omni operates across Chile and Colombia.
UniCredit teams with fintech Taulia to boost trade finance capacity
The fintech will allow the bank to serve more clients in and outside of Europe.
Nigerian fintech KiaKia launches P2P lending investment app
Until this announcement, its P2P lending investment service has been exclusive.
IBM joins 12 banks backing blockchain platform We.Trade
From July 2020, We.Trade is on the look out for more bank partners.
UK green investment platform Clim8 raises £1.35m
The fintech is due to launch sometime this summer.
European regulators lift short-selling bans
Austrian, Belgian, Greek, French, Italian and Spanish regulators took a joint decision to lift the restrictions.
SoftBank warns of $9.6bn investment losses due to coronavirus
In addition to WeWork, it also blamed the losses outside of the Vision Fund on OneWeb.
SoFi acquires Hong Kong stock trading app 8 Securities
“Hong Kong, a financial capital of Asia, is ripe for innovation,” says SoFi’s CEO.
Aquis Exchange selects big xyt’s Liquidity Cockpit
Aquis looks to support its market analytics following a bumper 2019.
