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Correspondent banking: it takes two to tango

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The global correspondent banking network is under pressure in several countries as some financial institutions close relationships. While financial inclusion continues to climb the agenda of regulatory authorities and financial institutions pledge their support, the de-risking taking place in correspondent banking threatens to scupper inclusion.

Banking Technology Awards 2016 – shortlist unveiled

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Our rejuvenated Banking Technology Awards have received an unprecedented amount of entries this year – from banks, financial institutions, fintech firms and individuals worldwide – and we are happy to reveal the shortlisted candidates. Now in their 17th year, Banking Technology Awards recognise and reward excellence and innovation in the use of IT in financial […]

New bank gearing up for launch in the UK

A new bank is coming to the UK, and no, it is not a retail bank challenger!

First Global Trust Bank (FGTB) is a new name on the UK banking scene. The bank has recently been granted an “authorisation with restriction” licence to take deposits by the Prudential Regulation Authority (PRA). The London-based company was originally set up under the name of Llamabrook in 2011. It became FGTB in March this year […]

Payments UK simplifies cross-border SEPA payments into UK

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Payments UK has developed a directory to offer UK institutions some of the benefits of SEPA despite the regulation not applying within the country until October. From 1 February, Eurozone banks and Payment Service Providers (PSPs) can process Single Euro Payments Area (SEPA) payments using only a customer’s IBAN (International Bank Account Number). Previously customers were […]