Foreign exchange

218 articles tagged with this keyword

/crypto

Banque de France, HSBC, IBM test interoperability of wholesale CBDC

Following experiments demonstrating that DLT can be used with existing networks to complete CBDC financial transactions in real-time, Banque de France, HSBC and IBM have published a paper exploring their key findings.

/crypto

United Fintech buys FX and digital assets specialist Cobalt

United Fintech, an outfit dedicated to scooping up a stable of capital markets fintechs, has acquired Cobalt, a provider of risk and data services to the FX and digital asset markets. Terms were not disclosed.

/crypto

BIS and three central banks to test cross-border CBDCs using DeFi protocols

The Bank for Inernational Settlements is working with three central banks to explore cross-border CBDC trading and settlement using DeFi protocols.

/crypto

DBS goes live on SGX unit's crypto platform; launches programmable money pilot

DBS has become the first bank to go live on a new digital asset trading platform from Singapore Exchange unit MaxxTrader.

/payments

BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

The Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies (CBDCs) by commercial banks for foreign exchange transactions across borders, as part of Project mBridge.

/wholesale

BNP Paribas to buy currency risk management firm Kantox

BNP Paribas has struck a deal to buy currency risk management automation firm Kantox. Financial terms were not disclosed.

/people

Tech founders comprise 25% of Tech Nation’s Global Talent Visa endorsements

Tech Nation’s Global Talent Visa Report 2022 reveals that international tech leaders are rolling into the UK and strengthening the sector.

/payments

JP Morgan rolls out cross-border liquidity product in Saudi Arabia

JP Morgan Payments has launched a cross-border liquidity solution in Saudi Arabia, allowing clients to connect to liquidity pools in London and other international cities.

/markets

Big banks test DLT-based intraday FX swaps and repo trading platform

Teams from 14 banks, including Barclays, NatWest and Citi, have trialled a DLT-based intraday FX swap and repo trading platform from Finteum.

/payments

Santander launches instant payments into Brazil from Europe

Santander’s SME and corporate clients in Spain, from today, will be able to make immediate international payments to recipients in Brazil, in Brazilian Real, through the One Trade solution.

/payments

HSBC and Wells Fargo achieve PvP settlement finality with DLT

HSBC and Wells Fargo have completed the first interbank Payment vs Payment (PvP) settlement outside of CLS using distributed ledger technology from Baton Systems.

/inclusion

Dinosaur Merchant Bank launches remittance service

Investment firm Dinosaur Merchant Bank has partnered with Rational FX to offer web and app-based money transfer services.

/markets

Wise opens the gate for US investors with ADR program

Wise has opened the door to US-based customers and retail and institutional investors seeking to invest in the company from September 2021.

/cloud

Goldman Sachs boosts transaction banking biz with Fiserv tie-up

Goldman Sachs is looking to scale up its new transaction banking business by teaming up with Fiserv to offer the fintech giant's clients services, starting with cross-border supplier payments.

/markets

Banks test DLT-based platform for intraday FX swaps

A group of 11 banks, including NatWest and Deutsche Bank, have been trialling a DLT-based platform for intraday FX swaps.

/payments

Rabobank spins off TreasurUp

Rabobank is spinning off its TreasurUp venture through a series A funding round together with Australian listed cross border payments specialist OFX.

/payments

3s.money raises £3m

3s.money, a UK startup that helps corporates accept and manage bank transfers in foreign markets, has hit a £40 million valuation on a £3 million Series B funding round led by TMT Investments.

/payments

Finablr owners set for merger with Bahrain payments firm

A UAE-Israeli consortium is in talks with Bahrain outfit BFC Group Holdings about a merger that would create a remittances and currency player with more than 24 million customers.

/crypto

China and UAE central banks explore CBDC for cross-border payments

The central banks of China and the United Arab Emirates are joining their counterparts in Thailand and Hong Kong on a CBDC project investigating cross-border foreign currency payments.

/payments

TransferWise enlists Goldman and Morgan Stanley for IPO - Sky News

Online money transfer unicorn TransferWise has appointed Goldman Sachs and Morgan Stanley to co-ordinate a planned initial public offering in London later this year, according to Sky News.