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ECB targets new RTGS platform

ECB

The European Central Bank’s (ECB’s) governing council will decide by the end of this year whether to greenlight a new real-time gross settlement (RTGS) system to replace the decade-old Target2 platform.

Instant payments in Europe: moving from theory to practice

Carlo Palmers, Swift

We live in impatient times – everyone wants to be able to pay who they want when they want, instantly and regardless of location. The UK has had instant payments since 2008; Faster Payments volumes have exceeded all predictions and now exceed 135 million per month.

ECB Guide: assessments of fintech credit institution licence applications

ECB fintech guide

The European Central Bank (ECB) has published a guide to assessments of fintech credit institution licence applications.

Top fintech stories this week – 6 October 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Infographic: banking in Europe 2017 – EBF facts and figures

Banking-in-Europe-EBF-Infographic-2017

European Banking Federation (EBF) has published its annual update on the banking sector in Europe. According to the EBF findings, staff numbers and branches in the European banking sector continued to shrink in 2016, while Eurozone deposits and loans grew slightly.

Commerzbank and BNP Paribas part ways over lending JV

Private equity firms take over German payment services provider Concardis

Commerzbank and BNP Paribas have ended their Munich-based lending joint venture (JV), Commerz Finanz. The German bank says it has reached an agreement with BNP Paribas Personal Finance on the split-off of the business division holding the instalment loans brokered by Commerzbank from Commerz Finanz. Michael Mandel, member of the board of managing directors of […]

Retail deposits platform Savedo acquired by fellow fintech Deposit Solutions

Deposit Solutions buys Savedo

Germany-based Deposit Solutions has acquired fellow fintech Savedo. With the acquisition of Savedo, Deposit Solutions gains 18,000+ clients, 13 partner banks and new regions – thus “further expanding its B2C capabilities”.

Money20/20 Europe: PSD2 creates more questions than answers

Money20/20 Europe 2017: payments to the fore

The second Payment Services Directive (PSD2) is creating more questions and issues than the answers it ultimately should offer.

Analysis: MiFID II – the new transparency regime

Mifid

Having been a fixture on the regulatory agenda for years, the go-live date for MiFID II is now rapidly approaching. On 3 January 2018, the second iteration of Europe’s Market in Financial Instruments Directive and Regulation will bring in sweeping changes to the financial markets on topics such as product governance and suitability, transaction reporting, commodities position limits and transparency.

Starling Bank expands to Ireland, eyes “the whole world”

Anne Boden, Starling

London-based challenger bank Starling has received a banking passport into Ireland. The bank says this is “its first step in its plans to provide services to European markets”.

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