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/markets

SIX and Avaloq to provide valuation service for financial instruments

SIX is delighted to launch today the Independent Valuation Service for financial instruments, which was co-created with Avaloq based on a strategic partnership.

/retail

OBL publishes Open Banking Standard version 4.0

Open Banking Limited (OBL) is pleased to announce the publication of the Open Banking Standard version 4.0, following approval by the Trustee.

/startups

Embedded payments startup Rainforest raises $20 million

Rainforest, a payment provider purpose-built for software platforms, today announced it has raised an oversubscribed $20 million Series A funding round led by Matrix Partners.

/security

EBA Clearing publishes specs to provide PSPs with Verification of Payee at a pan-European level

EBA CLEARING announced today the publication of the user specifications for its Verification of Payee solution.

/payments

Noda takes open banking network to Brazil

Noda is expanding its open banking network to Brazil.

/people

Habito establishes protections department with six new hires

Fintech digital mortgage broker Habito, who recently introduced a specialist team, is now further expanding its operations with the establishment of a dedicated protection department.

/retail

CommBank invests over $60 million on bank branches in FY24

With Australia’s largest bank branch and ATM network, and a moratorium to keep regional branches open until at least the end of 2026, CommBank has increased its investment in upgrading its network.

/crypto

Clearstream, DekaBank And DZ Bank issue ttokenized bonds on DLT at ECB trials

Clearstream, DekaBank and DZ Bank have jointly issued two tokenised €5-million bonds using distributed-ledger technology (DLT). The issuances took place in the context of the ECB trials aimed at exploring the potential of DLT for settling wholesale transactions in central bank money.

/people

Mambu hires Mark Geneste as chief revenue officer

Mambu, a leading cloud banking platform, announces the appointment of Mark Geneste as Chief Revenue Officer to lead its commercial team.

/crypto

Conio and Mesh introduce open banking for bitcoin

Mesh, a US-based fintech company offering integrations with over 300 leading exchanges and wallets that recently completed a $22 million Series A round and received a $6.5 million strategic investment from PayPal Ventures, and Conio, the Italian fintech company backed by Poste Italiane and Banca Generali, which introduced Italy's first Bitcoin and digital assets wallet, announce today the launch Europe’s first Open Banking solution for Bitcoin.

/wholesale

Acuity Knowledge Partners acquires PPA Group

Acuity Knowledge Partners (“Acuity”), a leading provider of high-value research, analytics and business intelligence solutions to the financial services sector, today announced the acquisition of PPA Group (“PPA”).

/startups

Greek neobank snappi receives banking licence

snappi, the pioneering Greek neobank, announces that it has received a universal banking license from the European Central Bank (ECB), following the proposal of the Bank of Greece.