Commercial bank, Anadolubank Nederland N.V. is improving its compliance with EU Instant Payments regulation following a new partnership with payment services provider, Worldline. The new partnership will see Worldline provide Anadolubank with its cloud-based instant payments solution for five years, accelerating digital transformation while remaining compliant. Users will now be able to send and receive instant payments. Sheri Brandon, head of new […]
A look at the day ahead in European and global markets from Rae Wee Asian markets rallied on Thursday, defying weakness overnight on Wall Street as optimism over China’s latest stimulus measures got a fresh boost from news of a possible capital injection into its top banks. Authorities are considering a $142 billion infusion to […]
Chinese stocks made brisk gains on Wednesday, extending their stimulus-fueled rally to a second day, even as equities in the rest of the region struggled and crude oil retreated from a multi-week high. The dollar dipped to a fresh one-month low versus the euro and a 2 1/2-year trough to sterling after weak U.S. macroeconomic data overnight boosted the […]
While grilling Novo Nordisk’s chief executive over the price of its blockbuster diabetes and weight-loss drugs, Ozempic and Wegovy, on Tuesday, Sen. Bernie Sanders alleged that 40,000 people a year in the US could die if the company doesn’t make the medicines more affordable. “From a moral perspective, does it bother you knowing that keeping […]
2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer […]
Businesses in Latin America (LatAm) and the Gulf Cooperation Council (GCC) are rapidly looking to diversify their economies, seeking out partnerships with firms abroad. In doing so, businesses in both regions have realised the potential of working with one another. In fact, according to the International Trade Center, GCC countries exported goods worth $10.84billion to LatAm […]
Against a backdrop of continuing industry consolidation, community banks see digital payments as a key competitive weapon, according to newly released survey data from Bank of New York Mellon Corp. “Nearly 30% of those polled indicated that launching new technology services focused on efficiency and security, such as instant payments, are critical to maintaining a […]
Spanish lender to explore tokenisation and smart contracts in cross-border transactions as part of international Agorá initiative CaixaBank, Spain’s third-largest lender by market value, has been selected to participate in a global initiative to transform international payment systems through tokenisation and smart contracts. The project, named Agorá, is led by the Bank for International Settlements (BIS) and […]
The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns – a move that would effectively bar nearly all Chinese cars from entering the U.S. market. The planned regulation, first reported by Reuters, would also force American and other major automakers […]
BEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, by 50 basis points, People’s Bank of China Gov. Pan Gongsheng said during a press conference on Tuesday. Pan, who was speaking to reporters alongside two other financial regulator heads, did not […]
Global bank partners with Quantinuum to shield digital assets from quantum threats, enhancing security for institutional and retail investors in fintech se HSBC, the multinational banking and financial services organisation, has successfully trialled quantum-secure technology for trading tokenised physical gold. This development marks a significant advancement in protecting digital assets against future quantum computing attacks, […]
Authorized Push Payment (APP) fraud has been notoriously difficult to fight against because it involves consumers voluntarily transferring assets to fraudulent accounts. In most cases, bad actors target their victims through social engineering or impersonating a real person or company. “There is obviously a technology piece that plays a role here, but there’s also a […]
