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/wholesale

SocGen completes repo transaction on public blockchain

Societe Generale has carried out a collateralised market transaction fully executed on blockchain with France's central bank.

/regulation

UK regulator PSR plans cap on cross-border card fees

The Payment Systems Regulator is pushing ahead with plans to introduce a price cap on the fees Visa and Mastercard charge UK merchants when European shoppers make online purchases.

/ai

Thoughtworks partners with AWS to accelerate generative AI adoption

Thoughtworks, a global technology consultancy, has entered into a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to help enterprises implement generative AI (GenAI) solutions and tackle industry challenges in Asia Pacific.

/payments

Why financial technology can make global payments a frictionless process

Both consumers and businesses, as technology has developed, have begun to rely on global payment services for a variety of uses. As the process becomes more and more digitised, fintech firms are focussed on better speeds and transparency whilst remaining just as, if not more, secure.

/payments

10 trends that will impact payments in 2025, according to Mastercard

In this preview of a Mastercard report being released in early 2025, leaders at the card processer say that generative AI is emerging as critical to boosting fraud protection rates by as much as 300%.

/sustainable

Hong Kong launches roadmap for sustainability reporting

The Hong Kong government has revealed a roadmap to implement International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) across public entities by 2028.

/sustainable

Triodos Bank announces BNG private sector loan to finance nature restoration

Triodos Bank made the first biodiversity net gain (BNG) unit model private sector loan this week.

/crypto

Standard Chartered inks reserve management deal for Paxos stablecoins

Standard Chartered has agreed a deal to provide cash management, trading, and custody services for Paxos stablecoins.

/payments

Visa Direct to deliver faster bank transfers in a minute or less

Visa Direct will soon ensure that funds transferred to US bank accounts will be available within a minute or less.

/retail

Railsr and Equals Group set for £283m merger

The long-trailed merger of embedded banking platform Railsr and payments firm Equals Group is set to go ahead through a £283 million takeover deal.

/crypto

Ripple wins NYDFS approval for stablecoin launch

Ripple has won approval from the New York Department of Financial Services for the upcoming launch of its dollar-backed stablecoin RLUSD.

/wealth

Embedded investment API Upvest raises €100 million

Investment API Upvest is set to double its 170-strong team after closing on a €100 million Series C funding round.