The National Bank of Ukraine plans to use blockchain and distributed ledger technology in the country to move to a cashless economy; the bank's board has created a roadmap which includes plans to begin issuing e-money (the cashless payment instrument) no later than the fourth quarter of 2017; new payment method will compete with card payments. Source
The official said on CoinDesk TV’s “First Mover” that Russia likely isn’t benefitting from crypto, but could see increased use amid sanctions,...
The UK based Current Account Switching Service, or CASS reached important milestones with 5 million account switches and awareness among...
The UK’s Financial Conduct Authority has told asset managers that they need to focus more on customer interests and stop the bad behavior; the rules come after a more than 2 year investigation into the sector; Christopher Woolard, executive director of strategy and competition at the FCA, tells the FT, “Today’s announcements are an important part of a package of measures that, combined, aim to achieve a fair, transparent, open and accountable market.”; some of the new rules include hiring independent directors, profits from moving money from one fund to another will be mostly banned and they will need to switch investors to the cheapest version of their funds. Source.
The UK’s Financial Conduct Authority ordered financial firms to do more to protect vulnerable customers; the FCA issued the order...
The UK’s Financial Conduct Authority (FCA) has set up an asset management startup hub to help companies as they move between pre-authorization and authorization; the hub will help new entrants to better understand regulations, increase engagement and help to increase the quality of companies. Source.
UniCredit has set aside €1.3bn to counter its exposure to Russia as the lender is looking to exit the country.
GoSave is different than most, offering both a physical piggy bank for children along with a digital savings app for...
UniTeller, a global remittance payments processor with head offices in the US, has reportedly extended its remittance services to more clients residing in the Asia Pacific by teaming up with Malaysia's cross-border payments Fintech Tranglo. UniTeller's partnership with Tranglo will enable UniTeller to continue expanding
Updraft intends to lend £200 million in 2022 to help reduce high-interest borrowings for UK consumers and improve their finances.