The Latest Press Releases From Disruption Banking

The European Central Bank (ECB) plans to redesign euro banknotes, working with European citizens in a process that is expected to lead to a final decision in 2024.

December 2021 resolution publications: MREL Review

December 3, 2021

The Bank of England has today published a Policy Statement concluding the Bank’s review of its approach to setting a minimum requirement for own funds and eligible liabilities (MREL).

Money20/20 Successfully Re-Unites Global Fintech Community

December 3, 2021

Money20/20 today reports that more than 8,000 attendees, from over 2,500 companies participated at Money20/20 USA at The Venetian Resort, Las Vegas in late October. The event was a showcase for the fastest growing and most innovative fintech companies. This follows the hugely successful Money 20/20 Europe, held in Amsterdam in September, which hosted more than 4,000 attendees from 1,500 companies.

Press Release

The Alternative Liquidity Facility

December 3, 2021

The Bank of England has today opened the Alternative Liquidity Facility (ALF), which has taken deposits from participating UK-based Islamic banks for the first time.

Press Release

ESRB publishes two reports on macroprudential stance

December 1, 2021

The European Systemic Risk Board (ESRB) has today published reports from the Advisory Scientific Committee (ASC) and the Advisory Technical Committee (ATC) on macroprudential stance.

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Nordigen launches 6 new products to standardise open banking data

December 1, 2021

Nordigen is launching a suite of new products designed to help developers build open banking-powered applications with more ease.

Press Release

The Bank of London Launches Today As The World’s First Purpose-Built Global Clearing, Agency & Transaction Bank

November 30, 2021

The Bank of London today launches as the 6th principal clearing bank of the United Kingdom (UK), with a mission to lift communities and power the borderless economic infrastructure of the future. Led by an executive team of industry pioneers and a board of renowned global leaders, the bank enters the market with a $1.1 billion valuation, making it the first pre-revenue bank in history to attain ‘unicorn’ status upon debut.

Press Release

Thought Machine raises $200m in Series C funding to bring world’s banks to the cloud

November 29, 2021

Founded in 2014 by former Google engineer Paul Taylor, Thought Machine provides modern, cloud native core banking technology to some of the largest and most ambitious banks in the world. Many of Thought Machine’s investors are also clients, including Lloyds Banking Group, Standard Chartered, SEB and others – signalling to the market Thought Machine’s critical role in the future of global banking technology.

Press Release

Survey on the Access to Finance of Enterprises: availability of finance improved amid increase in turnover

November 24, 2021

For the period from April to September 2021, small and medium-sized enterprises (SMEs) in the euro area reported an increase in turnover in net terms, reflecting the rebound in economic activity since the start of the coronavirus (COVID-19) pandemic (Chart 1).

Press Release

BNY Mellon Publishes Custody Documents for Negotiation on ISDA Create

November 24, 2021

The International Swaps and Derivatives Association, Inc. (ISDA) and Linklaters have announced that Bank of New York Mellon (BNY Mellon) has published key custodial documentation on ISDA Create, a move that will bring greater efficiency to the negotiation of custody agreements as firms prepare for phase six of the regulatory initial margin (IM) requirements for non-cleared derivatives in September 2022.

Press Release

United Fintech Announces Acquisition of Trading Analytics Firm FairXchange

November 23, 2021

United Fintech has acquired a 25% stake in London-based FairXchange for an undisclosed amount in a transaction integrating the Company, its products and employees onto its digital platform.

Press Release

Innovative companies from Europe have a chance to get 1M EUR and valuable benefits in European Startup Challenge by Vestbee

November 23, 2021

Innovative startups and scaleups from Europe have a chance to get fast track to 1 Million euro investment from Huawei and many valuable prizes in the European Startup Challenge, online competition for the first time opened to companies from the whole Europe, organized by Vestbee, the leading matchmaking platform for startups, VC funds, accelerators and corporates.

Press Release

Eurosystem publishes new framework for overseeing electronic payments

November 22, 2021

The ECB’s Governing Council has approved a new oversight framework for electronic payments following a public consultation. The framework is designed to make the current and future payments ecosystem safer and more efficient, as part of the ECB’s statutory task to promote the smooth operation of payment systems.

Press Release

Banks must accelerate efforts to tackle climate risks, ECB supervisory assessment shows

November 22, 2021

The European Central Bank (ECB) today published its first-ever large-scale assessment of how European banks are adjusting their practices to manage climate and environmental (C&E) risks, in line with the expectations set out in the November 2020 ECB Guide on C&E risks.

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Bitpanda enables Lydia to offer digital assets to their users via their White Label Solution

November 22, 2021

Austrian fintech Bitpanda and French mobile financial services super-app Lydia joined forces to offer Lydia’s 5.5 million users access to investing in digital assets

Press Release

Bank of America Introduces Framework to Support Future ESG-Themed Issuances

November 17, 2021

Bank of America today announced it has established an ESG-themed Issuance Framework (the “Framework”) to further enhance its issuances of green, social, and sustainability bonds and other ESG securities by Bank of America Corporation or any of its subsidiaries.

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