/startups
UK-based Alpha Group is to acquire 85% of Cobase, an ING-nurtured fintech that enables corporates to manage their banking relationships, accounts and transactions in one interface.
14 September 2023
/sustainable
ABN Amro has become the first Dutch bank to register a digital green bond on a public blockchain.
13 September 2023
Caliza, a startup offering banks and fintechs an API that lets their customers save and transact in US dollars, has launched in Brazil with $5.3 million in seed funding.
/crypto
Interbank co-operative Swift is working with three central banks and 30 financial institutions on beta tests of an experimental method for interlinking central bank digital currencies with existing fiat infrastructures.
/payments
Visa has leveraged its acquisition of Currencycloud to launch a new global cross-border money movement service for banks, fintechs, FX brokers, corporates, and other payment institutions.
/wholesale
HSBC has launched a dedicated digital portal which allows business and corporate customers to open accounts for multiple business entities in multiple markets, all in one place.
French banking-as-a-service platform Swan has secured a €37 million equity raise in a funding round led by Lakestar.
Citi has sold Bridge, its online lending marketplace for SMEs, to Foro Holdings, a Charlotte-based commercial lending service provider.
The number of UK banks investing in technologies such as virtual reality and augmented reality is falling as the Metaverse hype fades away.
Australian online home loan marketplace is looking for a potential buyer, laying off staff and restructuring its sales process.
/people
Labour union Unite has hit out plans by Barclays Bank to cut 450 job, labelling the reductions as 'unnecessary and unjustified”.
12 September 2023
Visa has invested in Form3 as part of a wider commercial partnership with the cloud-based account-to-account payments platform. The size of the investment was not disclosed.
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