ICYMI funding round-up: Snoop, Easy, Wildfire Systems, Ritmo & more
Another batch of funding rounds that might have flown under your radar.
Clearing & Settlement
Exclusive: Central Bank of Egypt selects collection of Oracle FS platforms
Central bank picks a range of systems from digital banking to treasury and credit facilities.
ICYMI funding round-up: Cobee, Sila, Vincent, WhenThen, Clara & more
Another batch of funding rounds that might have flown under your radar.
ICYMI funding round-up: Toqio, Coincover, AREX Markets, Lidya & more
Another batch of funding rounds that might have flown under your radar.
ICYMI funding round-up: LOQR, MOCA Financial, Bueno Finance, Glint Pay & more
Another batch of funding rounds that could have flown under your radar.
Volt raises $23.5m to build global instant payments network
The round is the largest Series A on record for the open banking industry.
ICYMI funding round-up: Upflow, TRM Labs, Booste, Crediverso & more
A heaping helpful of funding rounds from this week to get your teeth into.
Mastercard and Visa pick new partnerships to drive biometric payments
Mastercard partners with FinGo following Visa’s deal with ADIB.
Thunes adds $60m to Series B round focused on network expansion
Singaporean cross-border payments firm has raised $130m in total.
ThetaRay raises $31m to fuel cross-border payments expansion
Cybersecurity firm has big ambitions for changing the cross-border sector.
Bahrain’s central bank to pilot digital dollar with JP Morgan and Bank ABC
Bank ABC’s deputy group CEO calls this a “landmark pilot”.
JP Morgan, DBS Bank and Temasek to form new payments platform
The platform will start by facilitating flows between Singapore-based banks.
Robinhood pushes on with IPO plans despite facing 49 GameStop lawsuits
Robinhood has held talks with underwriters about filing “within weeks”.
US Federal Reserve’s payment system down for more than three hours
Both Fedwire and FedDACH went down this week, and remained so for a few hours.
Bank of England governor brands EU relocation wishes a “very serious escalation”
The EU granted the UK temporary equivalence last September for derivatives clearing.
BNY Mellon to finance crytpo and signs Google Cloud deal
The bank cites “growing client demand for digital assets”.
Dublin’s ION Group snaps up New York trading tech firm Dash
ION Group has bought a handful of other firms to date.
Sber partners with JP Morgan to pilot digital currency in 2021
Russia announced its new cryptocurrency law this year.
Principles for a global central bank digital currency and a single global payment system
The new global payment system should replace all current payment and settlement arrangements.
UK payments provider Modulr lands £9m investment from PayPal
PayPal thinks Modulr is “well-positioned to be an enabler”.
Vanquis Bank partners with NatWest’s Payit
Payit was built by London-based, RBS-backed fintech, Pollinate.
London to maintain grip on EU clearing post Brexit
COVID-19 thwarts Frankfurt’s plans to grab clearing business from Britain.
Galileo integrates with Plaid to simplify ACH transfers
The integration will streamline the initiation of ACH transfers.
A2A payments set to threaten dominance of online card transactions
A2A payments could be an unintended beneficiary of SCA.
Vermiculus launches trading and clearing systems tech
The Swedish company has also appointed Taraneh Derayati as its chief executive officer.
American Express first foreign credit card player to launch in China
AmEx won initial approval in 2018 for a bank card clearing licence in China.
Why Raiffeisen Bank is taking digital currency into its own hands
The bank is working with Billon to build its own tokenisation platform.
Anyday and Clearhaus to take on payment giants in Norway and Spain
“We’re ready to take on the giants,” says Anyday’s CEO.
Wirecard signs payments processing partnership with Visa
The two firms will work on Visa’s Fintech Fast Track Program in the Middle East.
Jumhouria Bank goes live on SmartStream cash reconciliation system
Libya’s largest bank signed for the platform back in July 2018.
Swift cancels Sibos amid COVID-19 crisis
Delegates that had signed up to attend will be offered a full refund.
Nordea helps suppliers to get paid early amid coronavirus
Suppliers will benefit from “several hundred million euros” early.
LCH implements clearing and settlement solution from LSEG Technology
The new system will reportedly clear and risk manage 20 million trades per day.
Coronavirus exposes gaps in innovation
The pandemic has given fintechs a time to shine.
Swedish central bank signs agreement to join TIPS from 2022
Swedish krona to be settled by EU-wide payments scheme in a few years’ time.
Banking industry publishes EU payments plan post-coronavirus
The paper puts a heavy emphasis on instant payments.
Poland’s KIR issues e-signatures with Cryptomathic
The release will push along deals otherwise on hold due to social distancing measures.
ABN Amro withstands $200m loss from margin call failure of one client
The loss is equivalent to almost 10% of the bank’s annual profits.
Goldman Sachs becomes part of SAP’s Ariba Network
More than 4.6 million companies make up the Ariba Network.
Banking Technology March 2020 issue out now
Keep calm and carry on: Where does COVID-19 leave the Chinese fintech market?
