All articles by : Elliott HolleyRSS

Swift payments innovation initiative gains ground as 45 banks sign up

Raymaekers:

A total of 45 banks including Barclays, Citi, Deutsche Bank and many others have signed up to a new payments innovation initiative headed by Swift, which is due to launch early next year. Announced in December, the initiative aims to dramatically improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments.

Banks face new wave of disruption warns report

Celent's Bareisis: change in payments is afoot

Following years of mistrust and rivalries, the time has come to reimagine the payments relationships between banks, retailers and fintech firms, according to a joint report from analyst firm Celent and payments systems company ACI Worldwide.

Liquidnet launches EMEA block trading algos

Liquidnet says its new algos will help participants to find block liquidity

Buy-side block trading venue Liquidnet has released a set of EMEA trading algorithms, which it says will help market participants to find liquidity ahead of the European Commission’s upcoming MiFID II legislation, which introduces important changes for dark pools.

Spain’s Caixa Bank launches mobile-only bank aimed at Millennials

CaixaBank is targeting younger consumers with its Facebook-friendly mobile bank

CaixaBank is launching imaginBank, Spain’s first mobile-only bank providing banking services exclusively through mobile apps and social networks.

Markit adopts AWS cloud services

Markit says its move to embrace cloud will cut costs and improve efficiency

Financial information services firm Markit has begun using Amazon Web Services, in a deal the firm says will optimise the performance and scaling capabilities of Markit products and services including enterprise data management, thinkFolio, WSO, indices and processing.

Earthport launches distributed ledger hub via Ripple

Earthport's distributed ledger hub targets cross-border payments

Cross-border payments and ACH operator Earthport has launched a distributed ledger hub, which it says will help banks to make cross-border payments cheaper and more efficient.

ICMA pushes for faster progress on European Capital Markets Union

Richards:

The European Union’s initiative to create a Capital Markets Union in Europe is currently stuck in a quagmire of political debate. That shouldn’t discourage politicians and regulators from taking the necessary steps as soon as possible, according to a new report by the International Capital Markets Association.

EU securities financing regulation imminent

The EPC is updating the rulebooks for SEPA

On 12 January new EU regulations on securities financing will take effect. Local regulators including France’s AMF have warned financial institutions to be ready for the new rules, which require greater transparency.

BAML launches China cross-border cash pool in Shanghai

BAML has open a China cash pool based on the Shanghai FT zone

Bank of America Merrill Lynch has launched an automated US dollar cross-border cash pooling services for corporations operating in the Shanghai Free Trade Zone. ZF TRW, a division of ZF Friedrichshafen, manufacturers of automobile safety systems, has implemented the working capital solution and is serving as the pilot client.

Nationwide extends network infrastructure with BT

Nationwide has reported a major increase in customers switching accounts - but some question whether it's down to the new service

UK building society Nationwide has signed BT to provide the network infrastructure for its digital transformation strategy, as part of a six-year deal between the two firms.

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