Category: financial market

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Swift to test real-time cross border payments in Europe

Banks from France, Germany, Italy, Luxembourg, Russia and Spain have joined with Swift to test real-time gpi cross-border payments through the Eurosystem’s Target Instant Payment Settlement (Tips). While payment messages cross the Swift network in real-time, the settlement and receipt of funds in the beneficiary account can lag by several days when entering national domestic…
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5th July 2019 0

Fintech game is now global

Historically, financial services was a local player’s game. Just look at the top 5 banks in Canada, US, UK, Canada, France and China in the chart below, ranked by total assets. There is nearly no overlap. US UK Canada France China JP Morgan Chase HSBC Royal Bank of Canada BNP Paribas Industrial and Commercial Bank…
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4th July 2019 0

TypingDNA partners with XTN Security to help banks comply with PSD2

TypingDNA has partnered with cybersecurity startup XTN Security to help banks better defend themselves from fraud threats. As part of the deal, TypingDNA’s typing biometrics will integrate with XTN’s behavioural fraud prevention software to passively recognise users based on their typing patterns. With increased threats of cybercrime and regulations such as PSD2 and its strong…
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26th June 2019 0

Is ‘Brexit effect’ to blame for drop in UK data management investments?

  Research from data backup software supplier Veeam suggests UK C-suite is set to invest much less in data management over the course of the next 12 months than the rest of the world, prompting concerns that Brexit might be to blame  The economic uncertainty surrounding the UK’s exit from the European Union could be…
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21st June 2019 0

Coinbase launches its cryptocurrency debit card in six more countries in Europe

Digital currency exchange Coinbase announced Wednesday its Visa debit card is to launch in six more European countries after debuting in the U.K. in April. The card allows users with Coinbase accounts to spend cryptocurrencies like bitcoin, ethereum and litecoin in stores and online at any merchant that accepts Visa. Coinbase U.K. CEO Zeeshan Feroz…
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18th June 2019 0

equensWorldline helps 25 European banks reach first PSD2 compliance milestone

equensWorldline, a European card and payment processor, has helped 25 European banks reach the first milestone of PSD2 compliance. These financial institutions have become some of the first to get their testing facilities ready for the PSD2 deadline, being on track with the European Banking Authority (EBA) and corresponding National Competent Authorities timetables. The 25…
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12th June 2019 0

PayPal invests in and partners with open banking platform Tink

Open banking API developer Tink has received an investment from online payments giant PayPal. The value of the transaction was not disclosed. Funds from the investment will be used to support Tink’s expansion across Europe and extending the reach of its open banking services, as well as build the next generation of financial services, it…
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7th June 2019 0

85% of EU consumers are unaware of PSD2 – Mastercard study

A study from Mastercard has revealed 85 per cent of consumers in the EU are not aware of PSD2 or have very little knowledge of it. The final deadline of PSD2 is in September and with it will come a range of new financial services for consumers to improve their financial experiences. When an act…
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5th June 2019 0

Regulators struggling to oversee crypto assets

The International Organization of Securities Commissions (Iosco)’s attempt to harmonize crypto regulation will have no immediate impact, as national regulators are still failing to understand jurisdictional governance, says a lawyer. While the CEO of a crypto exchange says the lack of adoption of current regulation to crypto, has created a bottleneck effect. “While efforts to…
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4th June 2019 0

Thomson Reuters Inks Regtech Agreement with IBM

Tool “takes the guesswork out for compliance professionals” IBM and Thomson Reuters have teamed up to bundle their respective regulatory intelligence offerings together into a single product for financial services clients. The solution will digitise manual governance, risk, and compliance processes, by integrating risk data from 900 regulatory bodies and 2,500 collections of regulatory materials – then…
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3rd June 2019 0