Banking

The European Central Bank is advancing plans for an integrated European tokenised finance market, with central bank money positioned as the settlement anchor for tokenised financial assets across the continent. ECB Executive Board member Piero Cipollone has outlined the institution's...

Tokenized Deposits have moved a step closer to broader institutional use after HSBC and Standard Chartered completed what the banks described as the first bank-to-bank transaction of its kind via SWIFT's digital blockchain-backed ledger. The banks reported the completion...

Creatio and Bayanat have entered a partnership aimed at helping financial institutions across the MENA region automate customer operations and banking workflows using AI and no-code technology. The collaboration brings together Creatio's AI-native CRM and workflow platform with Bayanat's...

The decision by FinCEN to exempt domestic U.S. companies from beneficial ownership information reporting carries real consequences for banks, broker-dealers, mutual funds, futures commission merchants, introducing brokers in commodities, and other covered financial institutions. While the filing burden has...

Three of the world's largest banking institutions, Citi, HSBC and Standard Chartered, have adopted Ant International's forex AI tool to strengthen foreign exchange management capabilities for their business clients. The move reflects a growing appetite among major financial institutions...

Ripple, a blockchain payments company, has entered into a partnership with South Korean regional bank Jeonbuk Bank to deploy faster Cross Border Payments for busin ess customers. The collaboration makes Jeonbuk Bank the first regional bank in South Korea...

Lloyds Banking Group has announced a target of directing £100 billion into sustainable finance and transition finance by 2030. Alongside this commitment, the bank has launched a new Sustainable and Transition Finance Framework that sets out how the capital...