The proof-of-concept of what has been dubbed the Regulated Settlement Network (RSN) showcased the potential of shared ledger technology to upgrade multi-asset and cross-network transaction settlement for domestic users of US dollars and regulated securities.
Cryptocurrency firm Fordefi is launching a wallet-as-a-service offering after raising $10 million in a seed-extension round.
PayPal scammers are using an old Docusign trick to enhance the trustworthiness of their phishing emails.
Mastercard has welcomed five new firms to its Start Path startup programme specifically for firms in the cryptocurrency and blockchain space.
Stripe is bringing in Stephany Kirkpatrick, the founder and CEO of payments orchestration firm Orum. Financial terms were not disclosed.
Nearly half a trillion dollars has been wiped off the valuation of fintech firms so far this year when their current value is compared to their peak valuation, according to CB Insights.
UK supermarket group Sainsbury’s is offloading its travel money business to Ireland’s Fexco. Financial terms were not disclosed.
Santander has reached an agreemenet to acquire UK lender TSB from Banco Sabadell for £2.65 billion in an all-cash transaction.
Intel has partnered with UK tech accelerator space Level39 to provide startups with access to its industry expertise, contacts, data sets and next-generation hardware.
Habitto, a Tokyo-based startup looking to take on Japan’s giant banks, has opend its first svaings account to customers, offering a market-beating 0.3% interest on the first one million yen deposited.
The respective trade associations for the UK and Singapore’s asset management industries have signed up to Project Guardian, a cross-border initiative led by the Monetary Authority of Singapore and designed to promote use-cases for blockchain.
HSBC has invested $7 million in Privitar, topping up a recent $80 million Series C funding round for the UK-based data privacy startup.
A $120m investment led by asset manager TPG has seen the valuation of Tide, the UK-based business management platform, reach $1.5bn
UK companies are failing to keep up with the requirements for sanction-screening prospective clients despite the high level of global geopolitical unrest, according to a recently published survey.
Fintech behemoth FIS has unveiled a tech package it promises will help US community banks and credit unions roll out standalone digital banks in just 90 days.