30 July 2015

All wholesale banking news

Radical anti-establishment politician and prospective London mayoral candidate George Galloway is proposing to use the blockchain to track the capital's $17 billion budget in real time.

Commerzbank venture fund invests in iwoca

9 hours ago  | 0 comments | 5 tweets | 3 linkedin

The venture capital arm of Germany's CommerzBank has joined in a $20m funding round for UK-based SME lending platform iwoca.

David Cameron backs UK fintech manifesto

10 hours ago  | 0 comments | 9 tweets | 10 linkedin

UK Prime Minister David Cameron has lent his support to a fintech manifesto issued by industry think tank Innovate Finance which lays down a bold vision for the country to become a dominant force in financial technology investment and job creation globally.

UK banks failing to learn lessons from Libor scandal - FCA

29 July 2015  | 2 comments | 9 tweets | 4 linkedin

The UK's banks have failed to learn the lessons from a wave of scandals over rigging of financial benchmarks says the Financial Conduct Authority in a damning report on the industry's response to evidence of widescale market abuses.

There were 192 fintech mergers and acquisitions worth a total of $18.9 billion in the first half of 2015, according to research from investment bank Berkery Noyes.

Singapore hires Citi veteran to lead new fintech group

28 July 2015  | 0 comments | 13 tweets | 5 linkedin

The Monetary Authority of Singapore (MAS) has poached Citi exec Sopnendu Mohanty to head up a new fintech and innovation group.

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