Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Bank of Japan preps CBDC experiments

The Bank of Japan will begin central bank digital currency (CBDC) experiments early next year but says it still does not yet have any plans to issue its own digital yen.

15 October 2020

Company update/Blockchain

Global container carriers CMA CGM and MSC join TradeLens

Major global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) today announced they are now integrated onto TradeLens, helping ensure a more fully integrated, timely and consistent view of logistics data for their containerized freight around the world.

15 October 2020

Company update/payments

Cambridge Global Payments partnership with Ripple goes live

Cambridge Global Payments (“Cambridge”), a FLEETCOR company (NYSE: FLT) and a provider of integrated cross-border payments and currency risk management solutions, announced today the commercial launch of its partnership with Ripple, the enterprise blockchain solution for certain global payments, to deliver cross-border payment solutions to B2B customers.

14 October 2020

News/wealth

Allfunds partners Iberpay on blockchain plans

Wealthtech Allfunds has set up a blockchain company to develop a new payment model it says will provide more efficient settlement processes in the investment fund industry.

13 October 2020

Company update/payments

100 italian banks go live on Spunta blockchain

In Italy it is fully operational the Italian banking sector blockchain.

13 October 2020

Company update/regulation

BondEvalue gets MAS approval to operate blockchain-based bond exchange

Singapore-based fintech BondEvalue said today it has been approved as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS).

13 October 2020

Company update/Blockchain

Envoy Group joins R3’s Venture Development programme

Envoy Group has joins R3’s Venture Development programme, the start-up growth and business development program of the enterprise software firm, R3, to support Envoy as it approaches the pilot phase of its trade finance platform.

12 October 2020

Company update/crypto

Ripple introduces Line of Credit

Today, Ripple launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on demand to initiate cross-border payments at scale using the digital asset XRP.

08 October 2020

Company update/markets

IPC and DDCM partner to digitise end-to-end life cycle of a bond

IPC - a leading global provider of secure, compliant communications and networking solutions for the global financial markets is delighted to announce a strategic partnership with Digital Debt Capital Markets Ltd (“DDCM or agora”).

07 October 2020

News/crypto

Sibos 2020: 'In a world of CBDCs, I am not sure what Swift would do' - David Birch

David Birch, author and financial services consultant, compares Swift to CB radio or Charlie's Angels, as an "affectionate tribute to the 1970s".

07 October 2020

News/crypto

Sibos 2020: What percentage of cross-border payments could be made in CBDCs?

Delegates discussing central bank digital currencies (CBDCs) at Sibos 2020 agree that there is a long road ahead for global mass adoption to facilitate cross-border payments.

07 October 2020

News/payments

Rabobank offers bank account for utility token

Rabobank has begun facilitating payments for digital currency 'tokens' thanks to an agreement with the 2Tokens Foundation.

07 October 2020

News/payments

Standard Chartered and DBS to set up blockchain-based Trade Finance Registry

Standard Chartered and DBS, with the support of 12 other banks, have kicked off a project that will use a blockchain network to register trade finance transactions.

06 October 2020

News/cloud

Bank of Thailand launched blockchain-based government savings bond platform

Thailand's central bank has teamed up with IBM to launch the world's first blockchain-based platform for government savings bonds, issuing a total of $1.6 billion within two weeks.

05 October 2020

Company update/crypto

The Stock Exchange of Thailand to develop end-to-end digital asset trading service

The Stock Exchange of Thailand (SET) has initiated the fully integrated Distributed Ledger Technology (DLT)-based digital asset investment service, spanning from a linkage with Initial Coin Offering (ICO) portals, digital asset exchanges to digital wallets via a collaborative development with KASIKORNBANK (KBank)’s technology arm Kasikorn Business-Technology Group (KBTG).

05 October 2020

News/crypto

Renewable energy not as prominent in cryptocurrency mining as previously claimed

The prevalence of renewable energy in cryptocurrency mining is being driven by hydroelectricity, according to a study by the Cambridge Centre for Alternative Finance (CCAF), but APAC’s cheap coal-powered energy is what sets it apart from other regions.

02 October 2020

Company update/payments

IBM's Thai blockchain platform extends scope

IBM (NYSE: IBM) and the Blockchain Community Initiative (BCI) jointly announced that its electronic letter of guarantee (eLG) platform and network has successfully advanced and is now extending the scope and reach of its services and network to businesses of all sizes.

01 October 2020

Company update/regulation

Asic and Reserve Bank of Australia outline expectations for Chess replacement programme

ASIC and the Reserve Bank of Australia (RBA) (the regulators) have outlined their expectations of ASX as it replaces the Clearing House Electronic Sub-register System (CHESS).

01 October 2020

Company update/sustainable

Ripple bids to decarbonise blockchain neworks

The world is in the midst of a global climate crisis—one that is impossible to ignore.

01 October 2020

Company update/Blockchain

SZSE implements blockchain registration and custody system in regional equity market

On September 28, Shenzhen Securities Communication Co., Ltd. (SSCC), a subsidiary of Shenzhen Stock Exchange (SZSE), and Beijing Equity Trading Center Co., Ltd. (BETC), a subsidiary of Beijing State-owned Capital Operation and Management Center (BSCOMC), jointly held a launch ceremony for the blockchain-based registration and custody system for the Beijing Regional Equity Market, and signed a letter of intent for cooperation on the research and application of the blockchain technology.

30 September 2020