Project Promissa, a collaboration between the Bank for International Settlements’ Innovation Hub, the Swiss National Bank, and the World Bank, has demonstrated that paper-based promissory notes can be redesigned using distributed ledger technology (DLT) to address operational challenges that make the process time-consuming and cumbersome.
The United States and United Kingdom have imposed sanctions on seven members of the Russian hacking collective Trickbot.
The Securities and Exchange Commission has charged entrepreneur Richard Heart with conducting unregistered offerings of crypto asset securities that raised more than $1 billion and of defrauding investors of $12 million to buy, among other things, a 555-carat black diamond.
In an industry where legacy systems often linger far beyond their shelf life, Royal London Asset Management (RLAM) is charting a different course, one that prioritises precision, agility, and strategic clarity.
Lloyds Bank is scaling up its partnership with financial education platform MyPocketSkill to encourage positive money habits in 13-25 year-olds.
As Europe moves closer to boosting open finance through the rollout of Financial Data Access (FIDA) legislation, a host of associations have called for a “thorough assessment” of its impact to avoid damaging the sector’s competitiveness.
The European Payments Initiative, a bank-backed venture that was initally set up to build a rival to Mastercard and Visa in Europe, has selected ‘wero’ as the commercial name for its forthcoming digital wallet solution.
American Express is writing to customers warning them that their account information may have been compromised in a data breach at a third party service provider.
At Sustainable Finance Live last week, a concurrent hackathon was held alongside the keynotes and panel sessions.
Nomura’s digital assets subsidiary, Laser Digital, has invested in ClearToken, a startup prepping a clearing house to the digital asset marketplace. Terms of the investment were not disclosed.
BNY Mellon is taking advantage of The Clearing House’s RTP network for a new real-time electronic bill and payment service.
French software house Dassault Systèmes is to sponsor a ‘3D Fintech Challenge’ at Canary Wharf-based accelerator space Level39 in a bid to find new applications for integrating disparate data sets within financial services firms.
Genesis Global, the London-based supplier of a low code platform for capital markets development, has raised a $45m Series B led by Accel.
Banco Santander has launched an international growth platform to provide support to businesses entering new export markets.
British bank ClearBank has secured its European banking license from the European Central Bank, under supervision of De Nederlandsche Bank.