Independent not-for-profit standards association, The Banking Industry Architecture Network (BIAN), today announces the appointment of Chad Ballard of JPMorgan Chase and Rohit Mahna of Salesforce to its executive board. Both come with decades of experience in financial technology and have a shared passion for banking innovation.  

In today’s climate, businesses of all kinds have to be prepared to make choices about how they recover, or even reinvent, as we all adjust to a new normal. Everyone is looking for ways to be more efficient and agile. Accounting is an area ripe for such innovation. Reducing friction in payments and reconciliation can help companies keep their balance sheets current, understand and address challenges quickly, and reduce risk and fraud. 

Equiniti Group plc (“Equiniti”), an international technology-led services and payments specialist, is delighted to announce that it is now able to provide an enhanced Know-Your-Customer (“KYC”) service for asset based and invoice finance lenders.

This new solution builds on Equiniti’s experience in both serving invoice finance lenders and delivering its unique proposition as an end-to-end KYC provider.

CoinCorner, a UK Bitcoin exchange, has launched a new auto buy Bitcoin service which gives customers the opportunity to make Bitcoin purchases on a regular, automatic basis.

Complementing the exchange’s key services of buying and selling Bitcoin, the new auto buy feature is easy for customers to set up - simply create a standing order with your bank, and choose how much and how often you would like to buy Bitcoin. 

Just 9 months after its launch on the market, illimity’s digital direct bank has come out with an absolute first for the sector, illimity Hubs, an innovative collaboration model fully in line with both an open banking and open platform approach.

UniCredit has announced its collaboration with Taulia, a San-Francisco-based fintech that provides innovative, digital supply chain solutions for buyers and suppliers, including supply chain finance, cash forecasting, electronic invoicing, and dynamic discounting.

While Facebook announced peer-to-peer payments via WhatsApp some time ago, its launch comes at a convenient time, as billions worldwide are limiting physical contact and the handling of cash.

Caixa Geral de Depósitos, the largest commercial bank in Portugal, has chosen Finastra to power its end-to-end treasury and capital markets business. It has selected Fusion Kondor, Fusion Risk and Regulatory Reporting as a Service to support this front-to-back-to-risk transformation. The bank’s users will have access to automated and standardized interfaces which will improve day-to-day operations and will benefit from an enhanced user experience and better reporting functionalities.

Reuters Events will be hosting a free online webinar series focused on commodity trading and commodity value chains.

Commodity traders are under pressure to undergo massive transformation. Unprecedented volatility, changing consumer and governmental demands, digital transformation and an intense geopolitical landscape are impacting every commodity stakeholder.

The financial world is experiencing great uncertainty. Asset owners, by and large, are now facing extreme volatility. Private assets face even more insecurity as their pricing becomes more challenging in the context of an extended lockdown. 

On June 24, join industry experts Troy Paredes (former SEC commissioner) and Patrick O'Meara (CEO, Inveniam Capital) to unpack the future of private assets, data and pricing.