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Tough Cloud rules will stifle bank uptake – Afme

European capital market participants are calling on supervisory authorities to remove regulatory barriers to cloud adoption, arguing that broad-brush diktats on portability and multi-cloud strategies would present significant challenges to implementation by financial firms.

US asset managers apply to SEC for bitcoin ETFs

The ongoing effort to persuade the SEC to approve crypto investment products continues, following news that many of the country’s largest asset managers, BlackRock, WisdomTree and Invesco, have applied to the SEC for permission to launch a spot bitcoin ETF.

Preparing for 2020: The impact of the cloud on B2B payments

By 2020, US business to business (B2B) payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods.

Deutsche Börse bids $5.5bn for Allfunds

German stock exchange operator Deutsche Börse has bid $5.5bn to acquire investment funds platform Allfunds in a move that could have ramifications for Europe’s asset and wealth management market.

NEC acquires Avaloq

Japan’s NEC has acquired Swiss core banking vendor Avaloq for CHF2.05 billion.

Danske Bank releases ambitious climate action plan

Danske Bank has released a detailed climate action plan setting goals for 2030 and 2050. The plan maps out the bank’s sustainable goals and carbon emissions, pulling focus to the green transition.