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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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UnionBank goes live on Metaco Harmonize to launch cryptocurrency services

METACO, the leading provider of digital asset management technology to complex, global financial institutions, today announces that Union Bank of the Philippines (UnionBank), one of the largest universal banks in the Philippines, has gone live on METACOโ€™s flagship platform, Harmonize, to pilot the launch of crypto services for its clients.
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