SquareBook wins FCA approval to offer IPO services
The company hopes to tackle conflicts of interest in the IPO process.
Trade Finance
Swift shifts from MT to XML format
Payment transfers will be shifting to the ISO 20022 standard.
Blockchain firm Saga picks FIS for treasury management
Deloitte helped Saga pick its supplier.
Mitigram raises $10.7m to facilitate trade finance risks
The Swedish fintech gets another round a year after the first one.
Top fintech stories this week – 31 May 2019
The first Amadeus event on payments, a new Indonesian payment standard, and more!
First Marco Polo trade finance pilot between Asia and Europe
Bangkok Bank and Commerzbank test DLT-based trade finance solution.
Nasdaq concedes to Euronext in battle for Oslo Bors
Withdrawal comes after Euronext wins Ministry of Finance approval.
Standard Chartered partners with IBM to launch Trade AI Engine
Aims to significantly automate trade document processing.
SoftBank invests $800m into UK fintech Greensill
It puts Greensill’s valuation at $3.5bn.
HSBC targets simplified receivables process with DART digital solution
HSBC says the B2B connectivity platform is an industry-first.
Trade finance standardisation project backed by 14 giants
The project seeks technology use and standardisation for the wider distribution of trade finance assets.
US tariff threat to the German car industry
The German car industry is now in the President Trump’s cross-hairs.
Bank Leumi touches Eurobase with Siena platform for FX treasury
The deal is only for the London-based subsidiary of the Israeli bank.
Mastercard and AWS grow payments for supply chain
Firms use digital identity, payments and blockchain for improved capabilities.
UK trade finance challenger Diaspora preps for flight
Will offer a trade finance ecosystem on blockchain.
StanChart seeks supply chain finesse with Linklogis
Bank will use firm’s digital blockchain for clients in China.
Swift links up with R3 for trading on blockchain
Their trial will monitor the movement of goods and payments on gpi.
ING Bank gets unlimited access to R3’s Corda
Unlimited (blockchain) power!
Temenos and Bloomberg on same side for buy-side action
The new solutions will provide NAV calculations.
OCC updates legacy clearing system with Cinnober
Options Clearing Corporation freshens up.
Intesa Sanpaolo goes Orbian for supply chain support
Italian bank gets help with receivables financing.
DTCC gets approved for activities in Switzerland
Depository Trust and Clearing Corporation will offer Swiss-compliant trade reporting services.
Capis acquires FinTech Securities
Texan firm also reveals new promotions and products.
China Banking Association pushes trade finance on blockchain
New interbank platform unleashed with big names onboard.
Tradeshift buys Babelway for cloud integration lift
Babelway’s technology will now be offered as Tradeshift Link.
Goldex raises over £1m in pre-Series A rush
As it develops its retail gold investment app launched in July.
Can automation transform trade finance?
How automation could provide benefits for both bank and corporate clients.
R3 and European banks complete euro commercial paper transaction
Second attempt with Commerzbank, ING, Natixis and Rabobank.
Trading firm Imperative Execution kills it with $9m funding
Follows a $5m investment round last year.
Life’s a gas for Bolero e-bill of lading
“World’s first-ever” eBL for floating gasoil storage deal using Bolero’s platform.
Goldman Sachs and Morgan Stanley go live with CLSNet
Automated FX services on the blockchain.
Securitize supported by Coinbase and Ripple with $13m funding
Californian firm plans to build tokens out of securities.
Gibraltar Blockchain Exchange first in world to acquire full licence
Granted by the Gibraltar Financial Services Commission (GFSC).
DBS switched on for Suzhou start-ups
Bank stays busy via MoU and yearns for playtime at Suzhou Industrial Park.
Blockchain fatigue? A brief look at the Trade Information Network venture
This network does not use distributed ledger tech, but relies on CGI’s SaaS platform.
German start-up Modifi powers up for digital trade finance
New firm created by team behind payments provider BillPay.
Openbank picks AxiomSL for regtech reporting
Includes central bank, trade and transaction reporting.
Fintech Sharegain raises $5m and rolls out securities lending platform
It has raised a total of $12m so far.
HSBC and ING in industry-first blockchain trade finance transaction
HSBC India, ING Bank Brussels, Reliance Industries and Tricon Energy experiment with blockchain.
Ping An rallies seven Hong Kong banks for blockchain trade finance platform
eTradeConnect is delivered by Ping An’s subsidiary OneConnect.
