12/23/2022
Private Banks to Manage Future Digital Euro Wallets, Transactions
The European Central Bank's new progress report on a central bank digital currency outlines the role of financial intermediaries.
FinTech
12/23/2022
Swedish robo advisor Lysa expands to Germany
In addition, the robo advisor adjusts the risk of users’ portfolio to their individual situation and preferences, and also ensure that the same level of risk is maintained over time.
12/23/2022
Digital SME lender Recognise Bank raises £25m
It currently offers a variety of flexible business loans and savings rates.
12/23/2022
BIS wants banks digital asset exposure limited to 2% by 2025
Under the new prudential standard, commercial banks can only have 2% exposure to ‘unbacked’ digital assets, stablecoins “with ineffective stabilization mechanisms,” or even tokenized traditional assets.
12/22/2022
Barclays and Maven invest in Manchester-based fintech startup Nivo
The platform includes task management, e-signing, machine-learning based identity document scanning, facial recognition, document collection, open banking and no-code automation capabilities.
12/22/2022
Hidden Road secures digital asset firm registration from the UK's FCA
Hidden Road is the only prime broker with both an FCA investment firm license and an FCA digital asset firm registration.
12/21/2022
Digital euro to get thumbs up or thumbs down in 2023
The central bank says it will assess a further number of design and distributions options before presenting a full report to the Governing Council later next year.
12/21/2022
Fintechs call for clarity over open banking reforms
The fintech coalition is concerned that “we have not received clear direction from the Joint Regulatory Oversight Committee (JROC) about how the 2017 CMA Order will continue to be enforced after the Open Banking Implementation Entity is dissolved.
12/21/2022
UK’s $1trn tech sector takes #1 spot in Europe in 2022
The UK has more high-growth companies than European peers including created 144 'unicorns' and over 85,000 startups and scale-ups
12/20/2022
Macquarie Asset Management makes £100 million debt investment in community fibre
This funding, which forms part of a £985 million financing package, will enable Community Fibre to accelerate the roll out of its network to more than 2.4 million properties across London and its surrounding areas by the end of 2024.
12/20/2022
Fundsmith Extends Transfer Agent Relationship with SS&C
We look forward to working with SS&C, the world’s largest transfer agency provider, to constantly improve our customer service.
12/20/2022
Standard Life parent invests £15m in Moneyhub
"Moneyhub is at the forefront of setting standards for the sector and a natural partner for Phoenix Group and our Standard Life business as it drives data regulation and access to Open Finance."
12/20/2022
LHV UK appoints Jaywing to help create cloud-based data infrastructure
Jaywing benefits from over twenty years of experience working with some of the UK’s leading lenders and new entrants to the market, including Virgin Money, Vanquis Bank, TSB, Close Brothers and Starling Bank.
12/19/2022
The digital euro: a flawed concept doomed to flop
Peter Bofinger argues that on the ‘digital euro’ the European Central Bank has dug itself into a hole it would do best to vacate.
12/19/2022
Bank-backed consortium wins funding to test payments for EU digital identity wallet
The EU digital identity wallet is a secure app that, when it comes into being, will allow citizens across the continent to verify their ID, access public and private services and store sensitive digital documents in one place.
12/19/2022
Alive and well: Why robo-advice remains a growth market
Tech-savvy clients demanding more transparency
12/19/2022
Women in financial services: Bhavna Saraf of Lloyds Banking Group
Saraf habitually attends fintech events and conferences to scan the horizon for companies that have the technology to accelerate projects and look out for potential partnerships.
12/16/2022
Rabobank hails blockchain pilot for euro commercial paper transactions
The transactions were executed, distributed and settled in under 30 minutes
12/16/2022
Banque de France, HSBC, IBM test interoperability of wholesale CBDC
HSBC also uses blockchain for its FX Everywhere service, a DLT solution for the netting and settlement of FX transactions and payments.
12/14/2022
Broadridge and Strate Connect to Streamline the Proxy Voting Lifecycle in South Africa
Strategic collaboration enhances proxy voting efficiency and supports higher levels of corporate governance