Remittance

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European Commission proposes cheaper cross-border payments

03 Apr 18 @ 10:26

The European Commission has announced what the industry sees as a long overdue proposal to make cross-border payments in euro cheaper across the entire EU. Consumers and businesses in the... read more

World’s first multi cryptocurrency instant-messaging payments system

23 Mar 18 @ 14:12

TransCrypt is using Telegram as a base to launch a new universal cryptocurrency payment system that acts within the interface of popular messaging platforms, allowing users to send or receive... read more

Global Shadow Banking monitoring now worth $45tn – Report

13 Mar 18 @ 15:53

The Global Shadow Banking Monitoring Report 2017 presents the results of the FSB’s annual monitoring exercise to assess global trends and risks from the shadow banking system. The 2017 monitoring exercise covers... read more

Digital currencies pose stability risk to Central Banks – BIS report

13 Mar 18 @ 15:12

The Bank for International Settlements has warned Central bankers that they risk endangering the stability of the global financial system if they launch their own digital currencies in an effort... read more

BFC Bank launches in UK as specialist provider to PSP’s and MSP’s

08 Mar 18 @ 17:35

BFC Bank, owned by BFC Group, is the latest bank to launch in the UK promising to act as a new, specialist bank that offers reliable, safe banking services to... read more

Deutsche Börse presents CollCo blockchain concept for risk free cash transfer

27 Feb 18 @ 12:39

Deutsche Börse Group has developed a concept for riskless transfer of commercial bank money via an infrastructure based on distributed ledger technology (DLT). By combining blockchain technology with its proven... read more

Australia’s new Faster Payments platform officially launched

13 Feb 18 @ 17:26

Australias new Faster Payments platform has been officially launch and is the result of collaboration between 13 members of Australia’s financial services industry, including Australia’s four major banks and the... read more

European Commission launches EU Blockchain Observatory and Forum

05 Feb 18 @ 09:41

The European Commission has launched the EU Blockchain Observatory and Forum with the support of the European Parliament, represented by Jakob von Weizsäcker responsible for the recent report on virtual... read more

MyBank payments hit €5 billion milestone

01 Feb 18 @ 09:44

PRETA S.A.S announced that MyBank Payments have enabled the initiation of payment transactions for a total transacted value of over €5 billion since its launch in March 2013. This milestone... read more

Money laundering in the 21st century: Follow the money

15 Jan 18 @ 13:00

Around $2 trillion is laundered every year and everyone is paying the price. Banks have huge regulatory overheads. Businesses and consumers encounter friction to open a bank account, transfer funds... read more

Instant payments: what are you waiting for?

15 Jan 18 @ 12:52

November saw the launch of new instant payment schemes in the US and Eurozone. The main commercial banks in the US are behind RTP®, and nearly 600 payment institutions from... read more

Ripple and MoneyGram test XRP currency transfers

12 Jan 18 @ 11:18

Ripple has announced a tie-up with money transfer company MoneyGram, a move which is significant because the arrangement involves the use of XRP, Ripple’s digital currency, which has recently soared in value but... read more

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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

Global Banks set ground rules for Agentic Commerce as Fraud and Liability risks rise

27 Sep 26 @ 18:53

Six major banks have joined forces to establish principles for trusted agentic commerce, warning that the rapid adoption of AI shopping agents could outpace exi... more

UK Banks complete first live transactions using Tokenised Deposits

27 Sep 26 @ 18:52

Seven major UK financial institutions have completed the first live customer transactions using tokenised sterling deposits, marking an important step in Britai... more