Commerzbank granted crypto custody licence
Commerzbank has become the first full-service commercial bank in Germany to be awarded a crypto custody licence.
Source: finextra.com
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Singapore develops generative AI risk framework
The Monetary Authority of Singapore has brought together banks and tech firms to develop a generative AI risk framework and is now exploring how the technology can be used in the financial services sector.
Sopnendu Mohanty Monetary Authority Of Singapore United Overseas Bank Monetary Authority Project Mindforge Standard Chartered
Source: finextra.com
Nexi and Compass forge BNPL pact
Nexi – the European PayTech – and Compass – the consumer credit company part of Mediobanca Group – announce a strategic partnership in the Buy Now Pay Later (BNPL) business.
Nexi Smart Filippo Signoretti Francesco Caso Mediobanca Group Strategic Plan Merchant Solutions Buy Now Pay Later
Source: finextra.com
Singapore develops generative AI risk framework; digital money and ESG also to the fore
The Monetary Authority of Singapore has brought together banks and tech firms to develop a generative AI risk framework and is now exploring how the technology can be used in the financial services sector.
United Kingdom Sopnendu Mohanty Gilmore Centre For Financial Technology Monetary Authority Of Singapore United Overseas Bank Monetary Authority
Source: finextra.com
Axelar, Oasis Pro and Provenance Blockchain work with JPMorgan on asset tokenization exercise
Axelar Inc., Oasis Pro and Provenance Blockchain have collaborated with Onyx by J.P. Morgan and Apollo under the Monetary Authority of Singapore’s Project Guardian, to demonstrate how blockchain technology could be used to manage large-scale client portfolios, execute trades and enable automated portfolio management of tokenized financial assets.
Source: finextra.com
Visa plesges $100 million to drive financial inclusion across Apec economies
Visa (NYSE: V) and Visa Foundation today made several announcements related to their ongoing commitment to support small and micro businesses (SMBs) across APEC and the world.
United States Republic Of Alfredf Kelly Jr Forum Economic Leaders Visa Foundation Asia Pacific Economic Cooperation
Source: finextra.com
Starling signs first banking client for BaaS platform
Starling Bank has signed Romania's Salt Bank as the first client for its Banking-as-a-Service platform, Engine.
Romania General United Kingdom Gabriela Nistor Romania Salt Bank Banca Transilvania Financial Group Salt Bank
Source: finextra.com
Visa pledges $100 million to drive financial inclusion across Apec economies
Visa (NYSE: V) and Visa Foundation today made several announcements related to their ongoing commitment to support small and micro businesses (SMBs) across APEC and the world.
United States Republic Of Alfredf Kelly Jr Visa Foundation Forum Economic Leaders Asia Pacific Economic Cooperation
Source: finextra.com
EuroFinance invests in Madara Invest
Madara Invest has announced the entry of a new strategic partner and investor, EuroFinance (Trading member of Deutsche Börse Group) in the fintech project.
Source: finextra.com
Qonto completes Penta integration
Qonto, the leading European financial solution for SMEs, today announces the successful completion of the integration of German fintech champion Penta, and the move of Penta customers to the Qonto platform. From 2024, Qonto will operate exclusively under its own brand in Germany.
Source: finextra.com