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Banks test DLT-based platform for intraday FX swaps

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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Banks test DLT-based platform for intraday FX swaps
3 hours ago
1
A group of 11 banks, including NatWest and Deutsche Bank, have been trialling a DLT-based platform for intraday FX swaps.
The FX swaps market sees $3.2 trillion of daily volume but swaps have traditionally been overnight and longer.
Banks hope that by using intraday swaps, treasury teams can borrow for hours at a time, enabling them to efficiently meet a temporary liquidity need. This not only helps to optimise intraday liquidity buffers, it also offers an opportunity to lend excess funds, representing a new revenue stream. ....

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NCDC session on Covid and mental health

New Delhi based National Cooperative Development Cooperation (NCDC) is organizing a virtual interactive session with Prof Nand Kumar, Department of Psychiatry, AIIMS, New Delhi on 4th June 20 ....

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Emerchantpay rolls out card issuing programme across Europe

Emerchantpay, a leading payment service provider, today launches its issuing solution across Europe. ....

United Kingdom , Jon Horddal , Chief Product Officer , ஒன்றுபட்டது கிஂக்டம் , தலைமை ப்ராடக்ட் அதிகாரி , தலைப்புச் செய்திகள் ,

Pleo appoints chief revenue officer

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Pleo appoints chief revenue officer
2 hours ago
Source: Pleo
Fintech scale-up Pleo, which offers simplified expense and bill management automation tools, and smart company Mastercards, has appointed Arun Mani as its Chief Revenue Officer (CRO).
Joining from FreshWorks Europe, Mani brings with him 8+ years of experience leading and growing successful start-up businesses. As President at FreshWorks Europe, he was responsible for launching the EMEA business, building a team of 150+ people from scratch. Prior to this, Mani oversaw sales at AppNexus, helping to scale the business from ~$20m to over $200m in just four years. An Engineer by background, Arun also holds an MBA from INSEAD. ....

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Amin thanks minister for extending co-op elections due to Covid

Gujarat State Cooperative Union, Ahmedabad recently organized a Webinar on the theme of Election Procedure in Primary Cooperative Societies. The webinar w ....

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