The mainstream of financial services is struggling to catch up with the business of popularising a world that’s still seen as arcane – even with Bitcoin, which hit a new peak of $50,000 this week – at its centre. Our friends at Finextra report a significant move forward here. The masses will soon be on […]
More movement in the open-banking sector. The high street and the financial-services sector will look radically different in the summer, when we hope some semblance of normality returns. Our friends at Finextra carry the story. Atom Bank has signed a deal with Plaid to introduce Open Banking and payment initiation services to small business customers. […]
Savers are still suffering in the UK. Retail price inflation is currently 1.4 per cent. Meanwhile, this news nugget, as carried by our friends at Finextra is as close as savers have got to good news after many years of such accounts underperforming inflation. This rate is relatively good… Marcus by Goldman Sachs has re-opened its […]
More for Monzo may sound like a 1980s sitcom title, but it’s actually a news item that shows yet again the weight of money headed into alternative finance. Finextra reports: Monzo is raising a further £50 million in equity funding from existing shareholders and one new investor, Silicon Valley firm Octahedron Capital. The new capital, […]
Regular visitors to this News section will be aware that we believe 2021 is set to be the year the token. On the back of the resurgent strength of cryptocurrencies, digital money has been gaining acceptance from the mainstream. The story below cold be seen as this century’s version of a rights issue. Finextra reports: […]
The liberalisation of the financial-services sector continues apace. Will this latest innovation later be decried as a loophole? The protocol of Know Your Client is being tested for elasticity, if not strength and durability here. Our friends at Finextra report: UK challenger banking app Dozens has enlisted Open Banking outfit Bud to let prospective customers […]
You may have missed it, but the annual gathering of the great and the good at the economic forum in Davos, Switzerland, is taking place. It’s all happening virtually, ie, online. There have been a couple of amusingly self-deprecating comments from senior journalist bemoaning the loss of endless refreshments. There’s also been some news, notably […]
As part of our early-year focus on tokenisation and the game of catch-up being played by central banks to launch their own digital currencies (CBDCs) and related systems of regulation, we offer an excerpt from a news story by or friends at Finextra: An investigation into the use of multiple wholesale CBDCs for cross-border payments […]
Digital financial systems – “digital money” for want of a better phrase – will dominate the future, as we’ve regularly opined here in our News section. Close to 80 percent of the world’s central banks are either not allowed to issue a digital currency under their existing laws, or the legal framework is not clear, […]
As promised, more from the changing digital asset landscape. Tokens – the big “new” thing for 2021– and central bank digital currencies are leading the mainstream’s charge to catch up. Our friends at Finextra report: As part of an experimental programme led by the Banque de France, more than ten transactions on fund units, for […]