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

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.

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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.

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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).

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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.

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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.

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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.

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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.

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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

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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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ECB Financial Stability Review shows pandemic risks eased with recovery but vulnerabilities ahead building up

November 17, 2021

The economic recovery in the euro area has reduced near-term pandemic-related risks to financial stability, the November 2021 Financial Stability Review (FSR) published today by the European Central Bank (ECB) concludes.

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GMEX launches interoperable trading and post-trade hub bridging access between traditional and digital asset markets

November 17, 2021

GMEX MultiHub Limited (GMEX), a new business unit of the GMEX Group, is pleased to announce the launch of Digital MultiHub (MultiHub). MultiHub is a global cloud-enabled trading and post-trade digital market infrastructure platform which facilitates 3rd party trading and post-trade services across traditional and digital asset markets.

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Singapore FinTech Festival 2021 sees 33% year-on-year growth in attendees

November 17, 2021

SFF Singapore FinTech Festival is organised by MAS and Elevandi, in partnership with The Association of Banks in Singapore and in collaboration with Constellar Holdings. The SFF organising team thanks all our sponsors, partners and participants for being a part of this year’s event. We look forward to continued collaboration with the industry to bring together an exciting and impactful SFF 2022, from 7 to 11 November 2022.

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IOSCO consults on revised Principles for the regulation and supervision of commodity derivatives markets to reflect recent market developments

November 15, 2021

The Board of the International Organization of Securities Commissions (IOSCO) is requesting feedback on proposed revisions to its 2011 Principles for the Regulation and Supervision of the Commodity Derivatives Markets.

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