Rather than viewing the development of APIs as a regulatory cost burden, banks should strive to realise the considerable monetisation opportunites afforded by the trend, according to a new report from the Mobey Forum's Open Banking Expert Group.
French payments giant Worldline is boosting its presence in Italy through the acquisition of Banco Desio’s merchant acquiring activities for around EUR100 million.
NatWest has released three new APIs to support corporate, commercial, and institutional customer demand for real time payments and automated reconciliation, including BACs payments.
The Spanish banking sector has set up a working group and proof-of-concept to assess the impact of the implementation of a digital euro by the European Central Bank.
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.
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.
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