Rabobank has completed its largest-ever blockchain pilot, executing 19 real-time Euro Commercial Paper transactions using the technology.

The transactions, which are the first of their kind, involved financial institutions and regulators from across Europe and underlined how blockchain technology can be used to enhance borrowers and asset managers’ liquidity, as global investors contend with liquidity crunches and money market turbulence.

Temenos today announced that it has signed an agreement to grant license rights to NdcTech, a wholly owned subsidiary of Systems Limited and one of its largest regional system integrators partners, to develop further and market the Temenos Country Model Banks on top of Temenos open platform for financial institutions in these seven Middle Eastern countries.

ING today announced some changes to the Management Board Banking. In line with our strategic priorities and in order to further simplify our management structure, we will combine the roles of head of Retail Banking, Challengers & Growth Markets and Market Leaders. Pinar Abay, currently head of Market Leaders, will be appointed to the role effective 15 May 2023 (subject to regulatory approval).

Opensee, the leading platform allowing business users at financial institutions to analyse the most granular data in real-time, has raised 11 million euros in a Series A  funding round led by Omnes Capital, with the participation of Laurion Capital and Societe Generale  Ventures. 

Bling Europe, a pocket money card and financial education app for children has secured €3.5 million in seed funding just six months after launch.

Bling founder Nils Feigenwinter says the firm has issued more than 10,000 Bling cards to children since its launch in the summer. Bling developed the initial product with support from SocGen-owned BaaS player Treezor.

The financial services sector is grappling with an immense number of challenges – some unique to the industry, others more universal. Challenges include:

Ongoing digital transformation – The COVID-19 pandemic accelerated the move to the cloud and other digital transformation efforts as organizations sought to be able to support remote work and remote services rapidly

CoreChain Technologies, the first B2B payments network built on blockchain, today announced that it has partnered with Odoo, a leader in open-source all-in-one business software, to provide embedded B2B payments and financing for Odoo’s ecosystem of eight million users.

If you’re thinking fraudsters will turn over a new leaf and resolve to behave themselves in 2023, it’s time for a wake-up call, because fraudsters never change their stripes, just their tactics.

The FCA is beginning to “flex its muscles” with notices issued to firms needing more data on vulnerability - a Consumer Duty expert has warned.

The regulator has started to use its Section 165 powers to issue notices to firms, requesting more data to meet the vulnerability monitoring requirements of Consumer Duty.