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/startups

ING to sell 85% stake in fintech spin off Cobase to Alpha Group

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.

/sustainable

ABN Amro registers digital green bond on blockchain

ABN Amro has become the first Dutch bank to register a digital green bond on a public blockchain.

/startups

Caliza launches in Brazil to help banks and fintechs provide access to US economy

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

Swift begins beta tests of CBDC connector

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 launches global cross-border money movement package

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 launches multi-market business account opening service in 20 markets

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.

/payments

French embedded finance platform Swan raises €37 million

French banking-as-a-service platform Swan has secured a €37 million equity raise in a funding round led by Lakestar.

/wholesale

Citi sells SME lending business to Foro

Citi has sold Bridge, its online lending marketplace for SMEs, to Foro Holdings, a Charlotte-based commercial lending service provider.

/sustainable

UK banks ditch the Metaverse

The number of UK banks investing in technologies such as virtual reality and augmented reality is falling as the Metaverse hype fades away.

/startups

Australian fintech Joust lays off staff as it looks for buyer

Australian online home loan marketplace is looking for a potential buyer, laying off staff and restructuring its sales process.

/people

Barclays to cut 450 jobs

Labour union Unite has hit out plans by Barclays Bank to cut 450 job, labelling the reductions as 'unnecessary and unjustified”.

/payments

Visa invests in A2A payments platform Form3

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.