FTX files for US bankruptcy protection; Bankman-Fried quits
Cryptocurrency exchange FTX says it has started the process of for Chapter 11 bankruptcy in the US, and that founder Sam Bankman-Fried is stepping down as CEO.
New York Fed and MAS test wCBDC for cross border payments
The Monetary Authority of Singapore and the Federal Reserve Bank of New York are teaming up to explore the use of wholesale CBDCs for cross-border payments.
JP Morgan and Mastercard unveil Pay-by-Bank service
JP Morgan is teaming up with Mastercard on a service that uses open banking to let customers make payments using their bank account information instead of a card.
FTX Europe to have licence suspended – Bloomberg
Embattled FTX is facing the suspension of its licence by the Cyprus Securities and Exchange Commission, revoking its ability to continue trading within the European Economic Area.
Isle of Man launches Fintech Innovation Challenge
Digital Isle of Man (an executive branch of the Isle’s government) has announced the launch of the Fintech Innovation Challenge, an opportunity to engage with international stakeholders and industries in their digital ecosystem.
Saudi Arabia unveils open banking framework
Saudi Arabia's central bank has published an open banking framework, setting out legislation, regulatory guidelines and technical standards.
How Automated Software Is Benefitting Investing With Gridline, Cap8, Nucoro and More
No man is an island when it comes to fintech, and in the pursuit of a better world driven by better financial services, it’s clear that standing together means progressing together. This September at The Fintech Times, we’ll be delving into every corner of what it means to be a fintech ecosystem. We’ve dedicated the entire […]
Singapore and India Sign Fintech Agreement To Drive Innovation
The Monetary Authority of Singapore (MAS) and India’s International Financial Services Centres Authority (IFSCA) have agreed to facilitate regulatory collaboration and partnership in fintech. The ‘Fintech Co-operation Agreement (CA)’ will see the pair leverage existing regulatory sandboxes in their respective jurisdictions to support experimentation of technology innovations. This includes referral of companies to each other’s regulatory sandboxes and enable […]
Future Platforms: How Banks Can Learn From Pizza Delivery When It Comes to Customer Service
Many comparisons have been made to other sectors and industries when looking at how to improve the modern banking sector. It has become clear that customer communication is one of the biggest necessities for any financial service to succeed, not just a bank; with this in mind, what lessons can be learnt from pizza delivery […]
How Optimising Cross-Border Payments Can Help EU Businesses Maximise Global Sales
Online retail has taken over the world. Over a quarter of the global population is now shopping online and the global e-commerce market is expected to reach $5.55trillion in 2022. Accelerated by the pandemic, consumers have become used to – and expect – the ease, convenience, and variety offered by e-commerce. Gina Archbold is senior sales […]
