Search Results for: SWIFT
African fintech hubs join global initiative
September 27th, 2016
South Africa-based AlphaCode and Kenya’s Nest have joined fintech associations and network providers from more than 20 countries in the Global Fintech Hubs Federation (GFHF), aimed at fostering innovation across the global financial services industry. The GFHF is an initiative of ...
Bitcoin-Inspired Technology Starts to Reshape Currency Markets
September 27th, 2016
Product likely to lower the costs of cross-border transactions Bitcoin-inspired ledger technology is taking its first steps in foreign-exchange markets. Companies that provide payments systems to banks are unveiling products that use distributed ledgers to lower the costs of ...
UK law: Digital courts get green light
September 19th, 2016
In her first significant announcement since taking office, lord chancellor Liz Truss will today back a £1bn programme to extend online courts to criminal offences. A vision paper to be published by the Ministry of Justice and HM Judiciary ...
Deutsche Bank AG said it won’t pay the $14 billion sought by the U.S.
September 16th, 2016
Negotiations are ‘just beginning,’ lender says in statement U.S. shares of biggest German bank tumble in extended trading Deutsche Bank AG said it won’t pay the $14 billion sought by the U.S. Justice Department to settle an investigation into ...
Oil prices fell on Tuesday on concerns over increased drilling in the United States
September 13th, 2016
Oil fell on Tuesday following a series of gloomy predictions on demand growth that suggested the global overhang of unused inventories may persist for much longer than investors anticipate and temper any pick-up in price. The International Energy Agency ...
Asia Closes In On UK In Forex Market Dominance
September 8th, 2016
For weeks now, analysts have warned that the U.K.’s dominance in FX trading is waning. Now, for the first time in more than a decade, the U.K.’s share of the global currencies trading market dropped to 37.1 percent, reports ...
Financial regulators tell G20 to focus on legal gaps
August 31st, 2016
Bank regulators are better prepared to cope with the potential failure of a major bank but more work needs to be done on the finer detail of legal agreements covering bank resolution and derivatives trade reporting, the Financial Stability ...
Innotribe and Innovate Finance launch Global FinTech Hubs Federation initiative
August 29th, 2016
Innotribe, SWIFT’s innovation arm, and Innovate Finance, the independent membership organisation for global FinTech, today announced the launch of the Global FinTech Hubs Federation (GFHF) to help foster innovation across the world’s financial services industry. To date, more than ...
EU accused US of ‘acting like a tax haven’
August 29th, 2016
US accused of ‘acting like a tax haven’ for threatening retaliation against Brussels’ anti-trust investigations into Apple, Amazon and Starbucks The US has been accused of “behaving like a tax haven”, in an escalating war of words between Washington ...
Accountant in UK jailed from fraud
August 26th, 2016
A Financial Controller who defrauded his company by nearly £25,000 has been jailed for 18 months. Gurmukh Shehri, 33, from Woolwich, had day-to-day oversight of his company’s salary payment function when he committed the offences. He was sentenced at ...
