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Central banks form steering organisation to oversee roll out of Project Nexus

/payments

Central banks form steering organisation to oversee roll out of Project Nexus

The five central bank partners in Project Nexus, a Bank for International Settlements initiative to interlink domestic real-time payment rails across borders, are to establish a managing entity, the Nexus Scheme Organisation (NSO), which will oversee the project in its live implementation stages, in Singapore.

Standard Chartered embeds with Wise for global remittances

/payments

Standard Chartered embeds with Wise for global remittances

Wise has signed Tier 1 global bank Standard Chartered to use its platform for cross-border remittances in Asia and the Middle East.

BBVA to train top executives in GenAI

/ai

BBVA to train top executives in GenAI

BBVA is creating a training programme to give its top executives a grounding in the use of GenAI to improve productivity.

NextGen: AI – Exploring the impact of generative AI in financial services

/ai

NextGen: AI – Exploring the impact of generative AI in financial services

Join Finextra at our inaugural London event at the end of November to redefine the role of AI in financial services and explore the impact of generative AI.

US regulators must take reins on fintech oversight - bank associations

/regulation

US regulators must take reins on fintech oversight - bank associations

US financial services regulators should take the reins on fintech oversight and stop expecting banks to independently police the sector, say the Bank Policy Institute and the Clearing House Association.

UBS Asset Management launches fund on ethereum blockchain

/crypto

UBS Asset Management launches fund on ethereum blockchain

UBS Asset Management has launched a tokenized money market investment fund built on ethereum distributed ledger technology.

Goldman Sachs takes quantum leap on options pricing

/markets

Goldman Sachs takes quantum leap on options pricing

Goldman Sachs has conducted research on the application of quantum computing in the options priing market.

SBI and MAS bid to drive commercial applications of tokenised securities

/crypto

SBI and MAS bid to drive commercial applications of tokenised securities

Japanese financial conglomerate SBI is building a commercial framework for cross-border distribution of tokenised securities with pilots in fixed income and asset and weath management.

BNPL giant Affirm lands in the UK

/payments

BNPL giant Affirm lands in the UK

Affirm, one of the biggest buy now, pay later platforms in North America, has launched in the UK.

Fiserv leads $150m funding round for Melio

/payments

Fiserv leads $150m funding round for Melio

Melio, an accounts payable and receivable platform for small and medium businesses, has hit a $2 billion valuation in a $150 million strategic funding round led by Fiserv.

Alison Potter appointed as chair of FCA and PSR decision making committees

/people

Alison Potter appointed as chair of FCA and PSR decision making committees

The FCA and PSR boards have announced the appointment Alison Potter as chair of the FCA’s Regulatory Decisions Committee (RDC) and the PSR’s Enforcement Decisions Committee (EDC).

Transak gains Delaware Money Transmitter License and FINTRAC registration

/crypto

Transak gains Delaware Money Transmitter License and FINTRAC registration

Transak has received its second Money Transmitter License (MTL) from the US state of Delaware, while also gaining registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

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