FinTech Futures: Top five news stories of the week – 12 April 2024
Our pick of the top fintech news stories this week includes Linqto, HSBC, Santander and more.
Our pick of the top fintech news stories this week includes Linqto, HSBC, Santander and more.
The testing will begin on 13 May this year, with the aim to explore several potential use cases.
The ECB is issuing five contracts to vendors worth a total of €1.1 billion, with work due to begin in early 2025.
The new licence means the firm can now offer essential banking services such as deposits and lending.
The aim of the strategy is to “develop pan-European solutions for payments at the point of interaction”.
The European Parliament approved final implementation deadlines for SEPA instant payments on 7 November.
The ECB says residential and commercial real estate markets face “downside surprises” due to inflation.
The announcement follows the completion of the digital euro’s “investigation phase”, which began in 2021.
Lagarde has vowed to “address all the conspiracy theory that abounds” about the potential digital euro.
The testing forms part of the 2023 EU-wide stress test coordinated by the European Banking Authority.
Financial institutions will analyse the technical, operational and business implications of a digital euro.
At Sibos 2022, senior bankers discussed the importance of interoperability between payment systems old and new.
In this episode, we’re joined by Gabriele Columbro, founder and executive director of FINOS.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Five front-end companies were chosen by the ECB out of 54 applicants.
The study looks at 112 banks, with €24 trillion of combined assets.
Witlox will analyse pros and cons of a digital euro to reside with cash.
The central bank has previously been criticised over its bond purchasing.
Plattner is CIO for Deutsche Bahn’s IT provider.
SIA and Colt will help the ECB connect through the ESMIG single access interface.
Swedish krona to be settled by EU-wide payments scheme in a few years’ time.
ECB wants to explore how AI could help supervisory data collection.
Central banks in Canada, the UK, Japan, Switzerland, and Sweden are teaming up.
The payment traveled from Singapore to Germany.
Single market access is scheduled from November 2021, with the ECB overseeing the tender process.
Target instant payment settlement (TIPS) now operational.
How to be a sore loser.
Includes IT support and operation of its data centre.
Coming straight after yesterday’s (29 November) fun and games, here’s another quick summary of the blockchain and Bitcoin action. Features the European Central Bank, Tieto, Coinsilium Group and StartupToken. Well, Bitcoin went past $11,000. And then dropped. As you read this it will have changed again. So, opinions are aplenty. And… banks should speed up […]
The European Central Bank (ECB) conducted a comprehensive study to analyse the use of cash, cards and other payment instruments used at points of sale (POS) by euro area consumers in 2016.
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.
The European Central Bank (ECB) has published a guide to assessments of fintech credit institution licence applications.
From immaturity to security, our latest blockchain and Bitcoin round-up features the European Central Bank, Bank of Japan, the People’s Bank of China, Bank Hapoalim and Microsoft. It’s happened before and it will happen again, but distributed ledger technology (DLT) has come into some criticisms in relation to payments. In a dark duet, the European […]
The Governing Council of the European Central Bank (ECB) says it will develop a new service for the settlement of instant payments. The new service, Target instant payment settlement (TIPS), will enable citizens and firms to transfer money between each other in real-time and will be available around the clock, 365 days a year. The […]
The European Central Bank has outlined its plans to consolidate the Target2 and Target2Securities (T2S) platforms, introduce a new European-wide instant payments platform by November 2017 and develop a new collateral management system. The Eurosystem’s “Vision 2020” plans were outlined by Yves Mersch, a member of the executive board at the ECB, at Sibos 2016.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! ECB goes to tender for new treasury management system After many years it’s time for a change. Microsoft unveils blockchain-based identity system Inspired by the United Nations’ ID2020 Summit on Identity. Student Loans Company puts IT contract with […]
The European Central Bank (ECB) has officially launched a procurement tender for a new treasury management system (TMS). The ECB’s current TMS platform is Wallstreet Suite, supplied by Wall Street Systems (now part of Ion Trading). The bank has been using it for many years, Banking Technology understands. According to the ECB, its TMS supports […]
The second wave of the European Central Bank’s (ECB) migration plan for Target2-Securities (T2S) transactions has been completed. T2S is the delayed centralised European platform for the settlement of domestic and cross-border securities, and is one of the largest infrastructure projects launched by the ECB. Wave 2 included Portugal’s central securities depository (CSD) Interbolsa, a […]
The European Central Bank has selected connectivity provider SIA, in partnership with telco Colt, for its connection to TARGET2-Securities (T2S), the delayed centralised European platform for the settlement of domestic and cross-border securities transactions. The European Central Bank is expected to migrate to SIA and Colt’s value-added network infrastructure in June 2016. The two companies will also provide the ECB with a message processing […]
European Central Bank (ECB) figures appear to show that cashless payments transaction volumes in 2014 remained flat at 68 billion payments. However, Deutsche Bank analyst Heike Mai, who specialises in payments and shadow banking, has published a report that corrects this conclusion. Entitled ‘Payments in the euro area: Are they stagnating? – No!’ the report […]