UOB responds with announcement of Grab alliance.
UOB responds with announcement of Grab alliance.
Central bank taking further action to lower credit costs through competition; Banco Inter’s post-IPO growth shows digital banking opportunity.
Forget raising money by selling your crypto tokens, just give them away to as many potential users as possible and raise value through network effects is the new thinking from crypto-land.
Even as the most infamous cryptocurrencies crashed this year, new ones were already emerging, designed to peg their value to fiat currencies.
Banks and traders tout efficiency and the trust benefits of a new fintech platform, but key absentees mitigate the hoped-for 'network effect'.
Eight banks have gone live with the Voltron initiative, an open platform for documentary trade.
When the financial crisis hit and retail banks – desperate to cut costs – closed less profitable branches, they did so chiefly in rural towns, or low- to moderate-income (LMI) communities.
Why blockchain is not the only answer for transaction banking.
While negative rates fundamentally undermine its domestic lenders, the Alpine nation’s enthusiasm for cryptocurrencies also coincides problematically with threats to its private banks.
Argo offers state of-the-art crypto mining as a service to the little guy but COTI’s trustchain may do away with miners altogether.
With 75 banks signed up in late September, IIN is already approaching 100 banks convinced that blockchain is the best, safest and quickest way to resolve blocked cross-border payments.
A disruptive new platform aims to slash the cost of capital raising, bringing together conventional institutions with $200 billion earmarked for growth and private companies seeking expansion funding.
Even as the most infamous cryptocurrencies crash, new ones are already emerging that are designed to peg their value to fiat currencies and recover the dream of new forms of money moving on new rails to everyone’s advantage.
Two of the world’s most advanced cryptocurrency markets agree to exchange notes on blockchain regulation.
GoPay is southeast Asia’s answer to Ant Financial.
The Swiss bank is pushing into new territory by taking automated trading into a more complex and less liquid market.
The world of cross-border payments in undergoing a digital transformation, which is set to eradicate long delays, friction and high transaction costs.
Euromoney's latest coverage of the distributed ledger technology.
The prospectus for the forthcoming Hong Kong IPO of Bitmain, which dominates the market for cryptocurrency mining hardware, unveils the highs and lows of businesses linked to bitcoin.
As the central bank awards its first new banking licences in 20 years, the big four will find it harder to justify the fees that have underpinned their profitability.
Singapore has become a hothouse for the fintech and banking debate, but can its banks meet the challenge?
P2P lender Modalku is set on building a business based on financial inclusion – one that benefits not just its customers, but the country’s traditional banks as well.
Domenic Fuda, the chief executive of Hong Leong Bank, has a plan to turn the conservative lender into a fintech hothouse – his digital revolution is already paying off.
For decades, Union Bank of the Philippines has been a worthy medium-sized lender, but little more.
The insurance firm has armed itself to the teeth with fintech, but can it really take on internet champions such as Alibaba and Tencent?
Open banking requires incumbents to improve users’ experience of everyday services.
As the pool of fintech startups in Latin America deepens, ambitious founders have regional expansion in their sights.
European bank chief executives speak obsessively to Euromoney about new and rebooted digital banking arms – read on for a guide to Dominic O’Neill’s in-depth examination of the strategy and rationale behind these projects, and their chances of success.
Société Générale's online bank is the biggest in France - and one of the most aggressive.
Bank chief executives in Europe are increasingly obsessed with their new or rebooted digital arms.
BNPP is building a formidable online network across the region
ING's online bank is getting ready for a future as an e-commerce portal
Looking like a social media platform is doing CaixaBank's mobile-only bank no harm at all
Commerzbank's online-only bank is a hefty beast, but growing faster than ever
One year on from a reboot, Openbank has doubled customers and is making a profit
New efforts to execute equity transactions on blockchain are emerging, for now concentrated in private equity, as disruptors seek to build investor and regulatory confidence in security tokens.
Regulatory changes to Brazil’s positive credit bureau open way for fintech start-up; better data predicted to lead to lower cost credit and GDP growth.
With a modest-sized two-year Aussie dollar transaction, the World Bank may have ushered in a new era of speed, efficiency and transparency in debt capital markets, with deals announced, order books built and bonds priced and allocated on blockchain.
Undeterred by the SEC’s recent disapproval of bitcoin ETFs or cryptocurrency price falls, Circle is intent on building a framework for the tokenization of finance with its stablecoin as the next big step.
Regulatory change, cost pressures, advances in technology and more-demanding customers: treasurers have a lot on their minds, but artificial intelligence (AI) is here to help.
A fintech headed by veterans of algorithmic trading in equities aims to transform unregulated gold trading as a pure agency broker.
Venture funders establish a $500 million valuation for German fintech, betting that rapid growth in open banking is now inevitable and will transform the financial landscape.
Just seven months after the launch of the revised Payment Services Directive (PSD2), efforts made by many mainstream banks are stopping short of bringing about the ground-breaking changes many had expected.
Banks say virtual accounts can improve corporate cash management, giving a much clearer view of company accounts and helping treasury play a more strategic role within organisations.
Singapore bank announces new digital banking offering; Claims it will be the first to truly engage – but is it?
Cryptocurrencies are still not legal in Russia for now, but that isn’t stopping businesses from preparing to take hold of the future.
Machine learning has gained influence in FX in the last year, although many observers doubt whether the technology has completely mastered the demands of high frequency trading.
The new platform for borrowers to display indicated funding terms at which they will strike private placement deals is expanding fast.
Barclays backs MIT start-up Sigma Ratings; CEO promises universal emerging-markets coverage.
Banks were once sceptical about blockchain technology, but now – having recognised it as an existential threat to their businesses – they are leading the way in its development and implementation.
The industry needs a change in the macroeconomic environment.
Recent glitches at TSB and Visa hint at the strain.
Beijing has spent years sitting back and encouraging its powerful fintech firms to create and innovate.
As treasurers and banks grapple with the arrival of real-time payments and open banking, tech companies are looking at the next phase of payment developments.
The rise of fintechs is global, but they are at risk of isolation through regulation.
What a month for the cryptomaniac in us all.
Euromoney's latest coverage.
Distributed ledger technology could be answer to GDPR for banks worried their legacy systems will struggle to cope with customer rights over their records.
A soybean trade between two arms of Cargill using letters of credit from HSBC and ING shows the R3 Corda platform is finally set to scale up.
Banks already have the largest attack surfaces and face the widest range of attackers and attack types of any businesses.
With the most complex of supply chains, banks face an almost impossible task in dealing with third-party cybersecurity risk.
The cybersecurity challenge has forced banks to hire a new breed of professional, often from national security services.
Risk management is in banks’ DNA.
Fund managers understand that cybersecurity is one of the biggest threats to banks.
Soviet military bunkers in Kazakhstan and portable houses in Siberia linked up to the plumbing: Bitcoin mining is moving in some interesting directions that will become even more diverse as China cracks down on its domestic industry.
Professor Niall Ferguson visited São Paulo in April to address Itaú’s annual MacroVision conference, and found time to sit down with Euromoney to talk fintech, social media and trade.
Banks are proving so slow to collaborate on blockchain protocols that could reduce costs in financial markets that it almost looks as if they wish to profit from persistent inefficiency.
Open banking might soon become the new standard for retail deposits in Europe as growth accelerates at the German platform service.
LHV looks to expand cryptocurrency customer base; UK head sees opportunities for EU banks in Brexit.
Singapore bank links with Chinese big data specialist; More digital innovation to follow in Asia.
The Middle East’s financial centres are keen to collaborate on fintech, in an effort to catch up with US, UK and Asian markets.
Finance ministers and central bankers at the G20 have called for greater global coordination in their approach to cryptocurrencies, but that looks a remote prospect when different regulatory bodies in the same country cannot agree a strategy.
Seven years ago, the country had virtually no formal banking sector.
Kamal Quadir has transformed financial services for the poor in Bangladesh with bKash.
China is going cashless and cardless fast, with hundreds of millions of wealthy consumers leaping ahead to mobile wallets and providing some valuable insights for the possible future of open banking in Europe.
Lending surveys suggest small businesses are reluctant to borrow even though banks approve most of their credit applications: but the reality is very different.
Banks are working increasingly closely with large software and fintech companies to improve internal efficiency, but there is still progress to be made in understanding what both parties can gain.
Transaction automation and open banking can help banks to strengthen customer relationships, especially as fintechs are encroaching on their traditional services – but the sector has been slow to adapt.
India threatens cryptocurrency crackdown; Ripple argues it has a remittance model.
Most new challengers are attacking retail, but a few ingenious startups are moving into the more fragmented and poorly served small business market.
Euromoney looks at the approach taken by regulators to encouraging fintech innovation in North America, after the announcement of a formal information exchange arrangement between the UK’s Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC).
From late-night beginnings in suburban Sydney, a new payments system is transforming shopping down under – and possibly beyond.
The recent price collapse shows how far bitcoin and the rest have veered from working like currencies, but one cryptocurrency just wants to be used to pay for stuff.
The Coincheck cryptocurrency fraud has rocked Japan, which had been the first country in the world to build a regulatory environment for crypto exchanges.
DBS is all about digitization bringing costs down, but Thursday’s numbers show a reversal.
The region is a vital part of the world crypto community, mostly as investor and miner.
A bitcoin conference on a Thai beach, part of a cryptocurrency cruise, is quite a thing.
Blythe Masters became CEO of Digital Asset Holdings in 2015 after 27 years at JPMorgan, where she was credited as the creator of the credit default swap (CDS).
While regulators across Europe eye up – and in some cases replicate – the FCA’s regulatory sandbox, an EU-wide fintech testing platform remains far from inevitable.
EU-regulated exchange to launch a new blockchain platform for initial coin offerings (ICOs) and token trading.
Tinkoff Mobile targets middle class with premium service; Sberbank offers free package to cut telecoms bill.
The luxury-asset investment platform is to raise funds by selling tokens that mirror participation certificates under Swiss law, with full KYC and AML checks on buyers.
The search for alternative payments methods is picking up steam as lower-cost options become more accessible.
The latest cryptocurrency price crash is shining the spotlight on the regulation of these borderless, digital currencies, but the rules differ wildly from country to country; global super-regulator IOSCO is set to make an announcement.
The search is on for masters of the bitcoin universe to rival the bond traders who appalled and fascinated the public in the 1980s.