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18/11 – Weekly Fintech Recap

Partnerships HSBC and Wells Fargo Expand DLT Solution to Include Offshore Yuan HSBC Bank and Wells Fargo & Company announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore Yuan (CNH). The offshore Yuan is the fifth currency resolved between the two banks utilising a shared settlement ledger. Since the shared
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TripActions acquires Reed & Mackay | Business Travel News Europe

Share TripActions has acquired UK travel management company Reed & Mackay from its private equity owners. The terms of the deal are undisclosed. Reed & Mackay was founded in 1960 and is best known for its high-touch service for clients in the insurance sector and wider financial services. Private equity company Inflexion bought Reed & Mackay in 2016 in a deal rumoured to have been worth around £170 million. TripActions was founded by Ariel Cohen and Ilan Twig in California in 2...
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