09/12/2023
State Street’s Market Leading FX Execution Venue, FX Connect, Enters into a Commercial Arrangement with LoopFX
LoopFX is creating a new liquidity venue for large spot FX trades by centralizing peer-to-peer matching with bank interest.
FinTech
09/11/2023
Morgan Stanley to launch AI chatbot to woo the wealthy
After testing it with 1,000 financial advisers for some months, the bank will roll out a generative artificial intelligence (AI) bot in September, developed with the makers of ChatGPT, OpenAI.
09/08/2023
Conquest Planning Inc. and Aviso Join Forces to Enhance Financial Planning for Canadian Investors
This partnership will further empower our credit union partners and their advisors to provide the expert financial planning their members expect
09/08/2023
How New Tools Are Changing Bank Balance Sheet Management
This approach allows multiple banks to share the rewards and, crucially, the risks associated with loans, creating an environment conducive to mutual growth.
09/08/2023
TaxBit unveils AI-enabled rules engine for crypto accounting
Traditional accounting methods are struggling to keep pace with the rapid complexities of cryptocurrency transactions.
09/07/2023
Fintech Leader CapIntel Unveils OMNI, Holistic Wealth Management Platform For Financial Services Professionals
The new OMNI platform offers advisors interactive, intuitive and tailored presentation building capabilities that help retail investors gain a better understanding of their financial goals
09/07/2023
BNY Mellon Launches Bankify
BNY Mellon forms strategic alliance with Trustly to pioneer an open banking payment solution with guaranteed settlement
09/06/2023
In Latin America, Brazilian fintech firms rule
Alas, they ended up founding a company that US credit card giant Visa acquired this year for a cool $1 billion.
09/06/2023
nCino’s Cloud Banking Platform Streamlines Dodd-Frank 1071 Compliance Support for Financial Institutions
Recent enhancements to nCino’s Small Business Banking Solution allow banks and credit unions to easily adopt and comply with Section 1071 of the Dodd-Frank Wall Street Reform Consumer Protection Act as part of the end-to-end lending process
09/05/2023
Bank of America launches Global Digital Disbursements solution in Canada
The use case for Global Digital Disbursements varies by industry and includes insurance companies that leverage its speed to make claim settlements.
09/04/2023
Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan
For the SEC to defend its denial of Grayscale’s proposal to convert GBTC into an ETF, it would have to withdraw its previous approval of futures-based bitcoin ETFs, which is unlikely, the report said.
09/01/2023
Keeping digital assets on the menu in banking
Banking leaders are exploring the ability of these technologies to deliver valuable services to customers and also use them in their own processes.
08/31/2023
Crypto to bank made easy: Binance’s ‘Send Cash’ shakes up Latin America
The platform aims to reduce both the time and cost associated with digital transfers, leveraging Binance Pay’s crypto payment technology and the services of licensed transfer processing providers.
08/31/2023
Cyber risk expected to be higher as mutual banks continue embracing technology
Cyber criminals may opt to target smaller mutual banks instead of larger banks with stronger defences
08/31/2023
JPMorgan boosts its stake in Brazilian FinTech C6 Bank to 46%
This growth was coupled with an introduction of various financial products to their portfolio, notably including auto loans.
08/30/2023
BofA Launches Global Digital Disbursements in Canada via Interac e-Transfer
Alias Solution Supports Business-to-Consumer (B2C) Payments and Consumer-to-Business (C2B) Request for Payments
08/28/2023
Coinbase in Talks with Canadian Banking Giants to Promote Crypto
Coinbase’s move comes as Canada has emerged as a leader in the global crypto space, with several regulatory approvals and innovations in the sector.
08/28/2023
US Treasury sets out crypto tax reporting proposal
The rules would cover crypto such as Bitcoin and Ether, as well as NFTs.
08/24/2023
Ex-Goldman Executive Predicts Crypto Hits $10,000,000,000,000 Valuation After Family Offices and Institutions Arrive
Pal believes that institutional investment in crypto will be large enough to drive the total market cap of digital assets to more than $10 trillion, more than triple its $3 trillion market cap peak in 2021.
08/23/2023
Ramp raises $300m in series D funding, valuation plunges by 28%
Financing co-led by Thrive Capital and Sands Capital, with participation from General Catalyst, Founders Fund, and other existing investors