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Cloud computing giants under scrutiny from Financial Services regulators

11 Jan 22 @ 10:42

The UK’s Prudential Regulation Authority (PRA), which oversees financial stability, is to take steps to bolster banks on the cloud. Data storage is a systemic vulnerability just like financial risk. The regulator... read more

JCB expands partnership with Planet for European merchants

15 Dec 21 @ 09:15

JCB International and Planet have announced the expansion of their European partnership. This new deal ensures Planet will perform as a JCB acquirer across European territories for both face-to-face and... read more

Worldline acquires 80% of Eurobank merchant acquiring unit

08 Dec 21 @ 09:01

Eurobank, one of the four largest lenders in Greece, has announced it entered into a binding agreement to sell 80% of its merchant acquiring business to Worldline in an attempt to... read more

Japanese mega consortium set to test Yen based digital currency

25 Nov 21 @ 11:46

A consortium of 70 Japanese firms, including the country’s three  largest banks, says it will aim to launch a yen-based digital currency in 2022 after beginning trials in coming months.... read more

UnionPay signs agreement with Nets to expand acceptance across Nordics

23 Nov 21 @ 14:09

UnionPay, the card scheme with the world’s largest cardholder base, has announced that it has signed a new market development agreement for the Nordics with Nets. The agreement will enable... read more

Banking Circle improves speed and reduces cost for businesses tapping into Danish market

19 Nov 21 @ 09:15

B2B Payments bank, Banking Circle, has joined the Danish national intraday clearing system. Through Banking Circle as a direct clearing participant, Payments businesses and Banks can now pay out and... read more

Europe’s banks return to fees as profits drop in 2021

18 Nov 21 @ 18:03

At Spain’s Caixabank most customers visiting a branch for a service they could access online will now have to pay €2 for the privilege. The fees are part of a shift... read more

HSBC is working with Oracle to launch Banking as a Service

20 Oct 21 @ 16:23

HSBC is to launch a Banking as a Service (BaaS) offering that will enable customers to create and provide business banking services through their own platforms. HSBC and Oracle NetSuite... read more

EBA CLEARING, SWIFT and TCH team to pilot fast cross-border payments

12 Oct 21 @ 13:58

Banks from both sides of the Atlantic have successfully exchanged payment messages for a faster cross-border payments as part of a proof of concept demonstrating the feasibility of synchronising settlement... read more

R3 acquires regulated markets stablecoin issuance capability with Ivno

12 Oct 21 @ 08:05

R3 has acquired the technology and team of the financial asset tokenization specialist Ivno, enabling the use of Ivno-developed capabilities across the Corda platform. This acquisition further strengthens R3’s capabilities in the... read more

Skills gaps holding financial institutions back

12 Oct 21 @ 08:00

The latest study from Banking Circle has revealed the new challenges faced by CIOs and CTOs working in Banks and FinTechs. The insight from the Payments bank for the new... read more

PayPal doubles down on red hot BNPL market with Paidly acquisition

08 Sep 21 @ 08:15

PayPal has agreed to acquire Paidy, a leading two-sided payments platform and provider of buy now, pay later (BNPL) solutions in Japan, for ¥300 billion or approximately $2.7 billion, principally... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more