Commenting on a Rangebound Dollar and Treasury Yields Down Following Nonfarm Payrolls Data

• 5 years 1 month ago
• Data, Treasury

Commenting on a rangebound dollar and Treasury yields down following Nonfarm Payrolls data, Ali Jaffari, Head of North American Capital Markets for Validus Risk Management, said: “A salient US data point this morning as US Nonfarm Payrolls for the month of June surprised to the upside with an increase of 850K vs a consensus of 720K. However, with FX markets largely pricing this in, we are not seeing significant moves as a result, and the dollar...

Banking Industry Must Encourage and Support Innovation That Preserves Customers' Access to Cash

• 5 years 1 month ago
• Banking

Commenting on the news that The Treasury has opened a consultation, with a view to legislating to protect the access to cash services for the public within "a reasonable distance" of their home or business premises, Matt Phillips, VP, Head of Financial Services at Diebold Nixdorf UK&I, says:  

Start-ups and Scale-Ups Urged to Enter Tech for Good Competition

• 5 years 1 month ago
• FinTech StartUps

21Shares Continues Its Listing Strategy With The Launch of Solana (SOL) ETP

• 5 years 1 month ago
• Blockchain, Cryptocurrencies

21Shares AG, the pioneering issuer of crypto Exchange Traded Products (ETPs) is launching the world’s first Solana (SOL) ETP (ticker: ASOL) on the regulated market of the Swiss stock exchange (SIX Exchange) on Wednesday, June 30th 2021 further boosting 21Shares as the leading issuer of crypto ETPs. The ETP will offer additional yield through staking rewards by validating transactions on the Solana blockchain which is dedicated to fostering...

Zopa Marks Successful First Year as a Bank, Fueling Future IPO Plans

• 5 years 1 month ago
• Banking

Zopa’s next generation bank is on course to reach profitability before the end of the year, making it among the fastest  challenger banks to reach this milestone  Success is due to Zopa’s focus on providing lending products which address the unmet needs of UK consumers The first year of the bank has seen increased demand vs. expectation and generated higher than expected growth across a number of metrics, including revenue Zopa is on track for...

Bigbank Chooses Nets for Issuer Processing and Digital Payments

• 5 years 1 month ago
• Payments, Banking

Bigbank, an international Estonian-owned bank offering personalised financial products, has chosen European payment services provider Nets, to provide issuer processing and digital services, including virtual cards and mobile payment capabilities.

Chartered Banker Institute and HSBC UK Join Forces to Support Responsible and Sustainable Banking

• 5 years 1 month ago
• Wealth Management, Banking

The Chartered Banker Institute (the Institute) and HSBC UK are working together to develop the knowledge and expertise of the bank’s commercial banking team to better support UK businesses navigate a transition to net zero. More than 500 colleagues are expected to participate in the Institute’s Green and Sustainable Finance e-learning over the next year.

Trifork Strengthens its Fintech Offering by Partnering with Modularbank

• 5 years 1 month ago
• Core Banking, IT Innovations

Trifork, a next-generation IT services provider, and Modularbank, a cloud-native core banking technology provider, have entered into an integration partnership, strengthening both companies’ banking and fintech offerings. As banking continues the transformation from branches on street corners to digital services, the importance for the financial industry to develop and offer innovative and easy-to-use digital solutions has increased.

Santander Bank Polska goes live with Horizon for their Market Making business

• 5 years 1 month ago
• Banking

Horizon Software (Horizon), provider of electronic trading solutions and algorithmic technology for the global capital markets, have today announced that, Santander Bank Polska, one of the largest and most innovative financial institutions in Poland, has successfully deployed Horizon’s Platform for Market Making connecting to the Warsaw Stock Exchange (WSE).

Cardlay Builds Cloud Solution Integrated With Concur® Expense to Help Banks Deliver Commercial Payment Management Capabilities

• 5 years 1 month ago
• Payments, Cloud

Cardlay, a leading Danish commercial banking as a service payment FinTech, today announced it is collaborating with SAP® Concur®, the world’s leading brand of travel, expense and invoice management solutions, on an integration that is designed to allow banks to issue and manage virtual payment cards for their corporate card holders. 

General Partner of Mouro Capital Comments on Age Uk’s Call for Cash to Become a Universal Service Obligation

• 5 years 1 month ago
• Payments

A comment from Manuel Silva Martinez, General Partner of Mouro Capital on Age UK’s call for cash to become a Universal Service Obligation:

Fintech Founder Christer Holloman Launches New Book Uncovering the Secrets Behind How Banks Innovate

• 5 years 1 month ago
• FinTech StartUps

The anticipated new book from serial entrepreneur and bestselling author Christer Holloman: ‘Transactional to Transformational: How Banks Innovate’, has launched in the UK today with Wiley.

Kidbrooke wins at Systems in the City (SITC) 2021

• 5 years 1 month ago
• Corporate

Kidbrooke has won the award for ‘Best Investment Advisory Solution’ at the Systems in the City (SITC) 2021 organized by Goodacre UK.  SITC FINTECH CONFERENCE AND AWARDS, which is in its 19th year, hear from industry specialists on the challenges impacting the markets & effective solutions. Chaired by Phil Bungey, COO of Embark Group, this is a must-attend event for companies looking to explore their options and see first-hand how they can...

Kinesis Introduces Yield Payments on Gold and Silver Activity Within Its Kinesis System

• 5 years 1 month ago
• Payments

Kinesis, the digital monetary system for transacting gold and silver, achieves a global industry first, offering a yield on precious metals for the first time in economic history. With the launch of the Minter’s yield, Kinesis is evolving gold and silver from purely safe haven assets or tradable commodities, into assets that generate a recurring yield.

DataLend: Securities Lending Generated $4.5 Billion Globally in First Half of 2021

• 5 years 1 month ago
• Security

The global securities finance industry generated $4.5 billion in revenue for lenders in the first half of 2021, according to DataLend, the market data division of fintech EquiLend.