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News/Transaction banking
In a further post-Brexit boost to the UK's fintech sector, a New York-based blockchain consortium is to open a London office.
26 July 2016
Distributed ledger technology could help with damage limitation in the event of service disruptions, as the paper ‘How to get a head on operational resilience’ discusses.
25 July 2016
Venture capitalists have invested more than $200m in UK tech startups in the month following the controversial Brexit vote, allaying fears that London's growing tech sector would be one of the first casualties of the withdrawal from the European Union.
MasterCard is considering an application to become a licenced payment services provider in China, according to Reuters.
22 July 2016
Thailand's central bank has called for more regulation of the country's growing fintech sector in order to prevent systemic risk and protect consumers.
UK bank Standard Chartered is planning to roll out its video banking service to more than five million users across Asia, Africa and the Middle East.
21 July 2016
Temporary IT workers at UK-based Clydesdale Bank have agreed to a 10% pay cut in order to hold on to their jobs, according to news site ContractorUK.
20 July 2016
UK-based Nucleus Commercial Finance claims it has made the largest ever P2P loan to date following a £14.5 million financing facility offered to UK steel stockholder Industrial Metal Services (IMS).
UK payment processing firm Worldpay is experiencing ongoing problems issuing payments despite promising to work with clients to resolve the software issue.
Santander has doubled the size of its fintech investment fund, from $100 million to $200 million, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups.
19 July 2016
Police in Taiwan have arrested three of the 16 men allegedly responsible for stealing more than $2.5m from ATMs earlier this month.
18 July 2016
Lloyds Banking Group has become the latest UK high street bank to launch a mentoring service for fintech startups.
The leaden response of banks to the threats posed by distributed ledger technology leaves the industry exposed to a $150 billion revenue shortfall unless they can up their game, according to an analysis by Bain.
15 July 2016
KBC has developed a blockchain application for managing, tracking and protecting domestic and international trade transactions between SMEs.
12 July 2016
IBM is to establish its first 'Centre for Blockchain Innovation' in Singapore, working in concert with the island city-state's Economic Development Board and Monetary Authority.
Ripple is looking to capitalise on the recent spate of successful bank heists from institutions connected to the global Swift network by introducing a multi-sign feature on its consensus ledger.
06 July 2016
Cross-border payments outfit Earthport has relaunched its foreign currency subsidiary Baydonhill as EarthportFX, providing businesses with access to over 60 currencies across its global network.
05 July 2016
Interbank messaging network Swift has signed 73 banks to its global payments initiative, a range of service level agreements intended to improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments.
28 June 2016
Two Israeli men accused of orchestrating a series of hacks on the computers of several US financial institutions as part of an elaborate stock manipulation scheme have pleaded 'not guilty' as they face trial in a Manhattan court
10 June 2016
The British Bankers Association (BBA) has backed a plan to merge four of the UK's financial services lobby groups into one industry body.
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