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

Company update/payments

Moneycorp partners with BankClarity for cross-border STP

Moneycorp, the global foreign exchange and payments provider with over £38bn of trades across 120 currencies, has implemented an API and distribution agreement with BankClarity, the leading banking technology provider to non-bank financial institutions.

25 November 2022

Company update/payments

HSBC and Wells Fargo expand DLT solution to include offshore Yuan

HSBC Bank and Wells Fargo & Company (NYSE: WFC) today announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore Yuan (CNH).

18 November 2022

Company update/crypto

LMAX Group expands tech infrastructure in APAC

LMAX Group, the leading operator of institutional exchanges for trading FX and digital assets, is expanding its global technology infrastructure in Asia Pacific following the launch of a matching engine in the Equinix IBX Data Centre in Singapore (SG1).

18 November 2022

Company update/wholesale

London Chamber of Commerce and DKK Partners collaborate on FX services

DKK Partners, an emerging markets (EM) foreign exchange (FX) liquidity provider, has joined the London Chamber of Commerce & Industry (LCCI) following a record year of growth.

07 November 2022

News/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.

03 November 2022

Company update/startups

Peer-to-Peer foreign exchange trading venue LoopFX moves into pilot phase

LoopFX, the technology company revolutionising the Peer-To-Peer FX spot market, announces today it will launch its pilot phase in December 2022.

01 November 2022

Company update/wholesale

First Abu Dhabi Bank and UBS go-live on CLSNet

CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that First Abu Dhabi Bank (FAB) and UBS have gone live on CLS’s bilateral payment netting calculation service for over 120 currencies – CLSNet.

31 October 2022

News/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.

31 October 2022

News/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.

26 October 2022

Company update/payments

WireFX and Stearns Bank join forces to serve fintechs

WireFX, a Minnesota based fintech startup and Stearns Bank N.A. (“Stearns Bank”), an independently-owned financial institution with locations in Minnesota, Florida and Arizona announce their partnership to support fintech and payment companies with FDIC insured bank accounts.

25 October 2022

Research/Foreign exchange

The Future of Digital Banking in North America 2023

21 October 2022 1154 downloads

Company update/markets

State Street's TradeNeXus platform partners Capitolis on integrated portfolio optimisation

State Street Corporation (NYSE: STT) announced today that TradeNeXus, a GlobalLink digital platform for foreign exchange transactions and an integral part of State Street’s Digital Division, has partnered with Capitolis, the technology company reimagining capital markets, to launch an automated post-trade solution to optimize portfolios.

13 October 2022

News/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.

11 October 2022

Company update/payments

Fnality and Finteum execute cross-chain FX settlement transaction

The collaboration between Fnality and Finteum has taken a step forward with the announcement of the completion of a successful proof of concept (POC) involving the first test of FX settlement transactions on a Payment-versus-Payment (PvP) basis, across the Finteum Platform, and two Fnality Payment Systems (FnPS), representing two currencies, in under 10 seconds.

04 October 2022

Company update/people

Tradefeedr hires Citi's global head of FX data science Alexis Fauth

Tradefeedr, the leading independent FX Data Analytics Platform, today announced that Alexis Fauth has joined the firm as Head of Data Science and Client Analytics.

15 September 2022

Company update/regulation

DKK Partners appoints Bovill as global compliance partner

DKK Partners, a leading fintech company, which specialises in emerging markets (EM) foreign exchange (FX) liquidity, has appointed Bovill, the financial services regulatory consultancy, as its global compliance partner

14 September 2022

News/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.

12 September 2022

Company update/wholesale

Siege FX launches order matching service

Siege, the FX Dark Pool provider, today announced the launch of its new service NetFix™.

05 September 2022

Company update/people

FairXchange names LSE's Martin Bradford COO

Martin Bradford has been appointed COO of FX liquidity analytics firm, FairXchange, part of United Fintech.

01 September 2022

Company update/markets

FX HedgePool raises $8m

FX HedgePool, the world’s leading peer-to-peer matching platform for institutional foreign exchange transactions, has raised $8 million in Series A funding, led by Information Venture Partners (Information VP), with participation from Fidelity International Strategic Ventures (FISV) and NAventures, National Bank of Canada's corporate venture capital arm.

31 August 2022