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RBC partners Nova Credit to help immigrants bring their credit history with them

/inclusion

RBC partners Nova Credit to help immigrants bring their credit history with them

Royal Bank of Canada has enlisted Nova Credit to help migrants leverage their international credit history when they arrive in the country.

Wholesale, not retail, CBDCs more likely to be issued in near-term - BIS

/crypto

Wholesale, not retail, CBDCs more likely to be issued in near-term - BIS

There has been a sharp uptick in experiments and pilots with wholesale central bank digital currencies over the last year, according to the Bank for International Settlements.

EBAday 2024: Challenges and benefits of CBDCs

/crypto

EBAday 2024: Challenges and benefits of CBDCs

What is the future of CBDCs in Europe and what do experts expect from stablecoin adoption? These questions were answered at EBAday 2024 in Lisbon where leaders in digital currencies examined what the future holds for digital assets.

EBAday 2024: Turning European dialogue into solutions for the new payments era

/payments

EBAday 2024: Turning European dialogue into solutions for the new payments era

Wolfgang Ehrmann, chairman of the board at Euro Banking Association (EBA) kicked off the first day of the 19th EBAday with a speech welcoming all delegates.

EBAday 2024: Tokenisation and digital identity will lead banking evolution

/crypto

EBAday 2024: Tokenisation and digital identity will lead banking evolution

At EBAday 2024 in Lisbon, after a buzzing morning of introductions and a keynote to set up the themes for the rest of the conference, David Birch presented a challenge speech titled ‘Digital Money, Digital Assets, Digital Identity: The Future of Banking’.

Revolut adds bond trading

/markets

Revolut adds bond trading

Revolut is adding the ability to buy and sell corporate and government bonds for its users across Europe.

BNPL firm Laybuy enters receivership

/payments

BNPL firm Laybuy enters receivership

New Zealand-based Buy now, pay later lender Laybuy has entered receivership after failing to find a buyer for the ailing business.

Atom Bank posts first pre-tax profit

/retail

Atom Bank posts first pre-tax profit

Atom Bank has posted its first pre-tax profit, boosted by a 40 per cent increase in its loan book to £4.1bn, with a 55 per cent jump in residential mortgage balances to £3.2bn.

Labour Party pledges to open 350 shared banking hubs

/retail

Labour Party pledges to open 350 shared banking hubs

The Labour Party has reiterated its promise to open 350 banking hubs across the UK over the next five years if its win the upcoming General Election.

Swiss watchdog winds up challenger bank FlowBank

/regulation

Swiss watchdog winds up challenger bank FlowBank

The Swiss Financial Market Supervisory Authority (Finma) is opening bankruptcy proceedings against investment banking challenger FlowBank following serious and repeated breaches of its capital requirements.

Investment data management platform Finbourne raises £55 million

/markets

Investment data management platform Finbourne raises £55 million

Cloud-based investment data management platform Finbourne has raised £55 million in Series B funding.

Swift bids to connects VoP schemes across Europe

/payments

Swift bids to connects VoP schemes across Europe

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

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