MEPs Approve Draft Legislative Framework for European Digital Identity Wallet
The European Union Committee on Industry, Research, and Energy has approved the proposed update of the European Digital Identification System.
Finance & Economics - page 84
Lunar Raises €35 Million
Danish neobank Lunar announced the raising of financing in the amount of 35 million euros.
Standard Chartered and Allinpay Enables Instant Cross-Border Payments in Hong Kong
Standard Chartered Bank and Singapore-based Allinpay have made PayNow’s instant cross-border payments feature available to merchants and businesses in Hong Kong.
Jupiter Offloads Starling Stake
Jupiter Asset Management sold its stake in digital lender Starling Bank.
Bank of London Scores $40 Million Series C Extension
Bank of London, a global startup in the field of clearing and transactional banking services, has raised $40 million as part of a Series C funding expansion.
Nine Banks Invest $45 Million in Carbon Credit Transaction Network
The banking group, consisting of nine large financial institutions, has directed investments of $45 million to the development of Carbonplace, a global network of transactions on carbon credits based on DLT, founded by them.
Dubai Releases Crypto Regulations for Virtual Asset Services Providers
Dubai mandates licensing for crypto services providers with new regulatory requirements by the VARA.
Partech Raises $262M to Invest in African Tech Companies
The venture capital company Partech has closed its second African fund worth $262 million.
BNPL Firm Openpay Falls Into Receivership
The Australian operator BNPL Openpay declared bankruptcy a few days after reports of a record quarterly profit.
Bank for International Settlements to Step Up Work on Monitoring of Stablecoins
The Bank for International Settlements has published a plan for the development of its network of innovation hubs for 2023, which, among other things, provides for active monitoring of stablecoins on an ongoing basis.
Wink Secures $3 Million Seed Investment
Wink, a US-based biometric identification and payments platform, has reported receiving an additional initial investment of $3 million.
BBVA Ports Its Investment Banking Operations to Amazon Web Services
Spanish financial group BBVA transfers its complex investment banking operations to Amazon Web Services (AWS).
TSB Pilots Banking Pods
The British commercial bank TSB established cooperation with the Note Machine company in order to create banking pods instead of traditional local branches.
BNPL Firm Zilch Forms Partnership With StepChange
BNPL company Zilch, which is based in London, has reached an agreement on cooperation with a charitable organization StepChange, which specializes in providing consulting services on issues related to debt management.
Binance Tax Launched to Help Crypto Users Calculate Trading Gains
Binance Tax will assist users to understand their crypto tax liabilities at no extra cost.
Fintiv and Geoswift Collaborate on Digital Money Transfers to Asia
Fintiv and Geoswift have established a cooperation to enable cross-border money transfers to Asia.
Finance & Economics
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