The Bank of England’s Financial Policy Committee has called for widespread crypto regulation, reported Coindesk on Wednesday.

Investment funds authorised in the UK may now be able to progress their tokenisation strategies following the publication of the first report from a government-backed industry working group.

HSBC has unveiled a platform that uses distributed ledger technology to tokenise the ownership of institutional clients’ physical gold held in the bank’s London vault.

Ripple has completed its first On-Demand Liquidity implementation in Japan, opening an XRP to fiat remittance corridor for the Filipino diaspora.

Ripple claims to have become the first blockchain-focused payments company to join the ISO 20022 standardisation committee, future-proofing its business for the eventual arrival of the data-rich...

Blockchain outfit Quant is teaming up with UST to push the adoption of institutional digital assets by offering technical integration and tokenisation services to central and commercial banks and...

Banco Santander has set a Q1 2018 launch date for the introduction of same day mobile international payments for personal customers using Ripple's distributed ledger technology.

Banking co-operative Swift is to explore how it can support interoperability in the development of the tokenised asset market, working in conjunction with Clearstream, Northern Trust, SETL and other...

BNY Mellon has launched an ISO 20022 Hub to help clients and other financial institutions to manage the transtion to the new payment standard.

A pilot project involving central bank digital currencies (CBDCs) jointly run by the Bank of England (BoE) and the Bank of International Settlements (BIS).

HSBC is moving deeper into the digital assets market with the launch of an institutional grade custody service for tokenized securities using technology from Ripple-owned Swiss crypto safekeeping...

Fresh from its acquisition of crypto cutoday provider Metaco, Ripple is rolling out an end-to-end CBDC platform for central banks, governments, and financial institutions to issue their own digital...

Enterprise blockchain firm SETL has been acquired by Turkey-based fintech Colendi.

SBI Remit is using Ripple's XRP for a bank account remittance service to the Philippines, Vietnam and Indonesia.

The Federal Reserve is to delay the implementation of the new ISO 20022 payment messaging format by two years to 2025.

A group of Italian banks has gone live with a distributed ledger technology-based system for the reconciliation of reciprocal accounts.

An independent forum backed by the likes of Accenture, CGI Group and Ripple has launched to push for the implementation of a digital pound and digital money ecosystem.

Swift has partnered with BNY Mellon and Deutsche Bank to test an API-based interoperability model for electronic Bills of Lading (eBL) that it says could help digitise global trade.

Thousands of HSBC customers in the UK have been unable to access online and mobile banking services, preventing them from authorising online card purchases on Black Friday.

Under instruction from the European Central Bank, interbank payments network Swift has drawn up a blueprint designed to mitigate complications borne from its surprise decision to delay the migration...

The European Central Bank is kicking off a project with Sverige Riksbank that will investigate whether and how Target Instant Payment Settlement (Tips) could support payment transactions across...

America's Comptroller of the Currency Joseph Otting is stepping down, with first deputy and former Coinbase chief legal officer Brian Brooks taking over on an acting basis.

Banking users of SIA's private blockchain infrastructure will be able to link up with other distributed ledgers following successful testing of interoperability via Quant Network's Overledger...

In Italy it is fully operational the Italian banking sector blockchain.

Interbank messaging network Swift is to move into the low-value remittance market, providing member banks with the means to make instanteous transactions across borders for small and medium-sized...

Western Pacific island state the Republic of Palau has teamed up with Ripple on a government-issued stablecoin pilot.

Currencies Direct has successfully completed an international payment over Ripple’s xRapid platform using XRP.

The Banque de France is accelerating its wholesale CBDC programme as it bids to be ready to bring in central bank money as a settlement asset as early as 2023.

Mastercard has built a virtual testing platform to help central banks assess and explore national digital currencies.

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...

Some of the UK's biggest banks have signed a government-backed pledge to improve collaboration with fintech firms.

Facebook has launched its WhatsApp payments service in Brazil, enabling people to send money and make purchases from within the chat app.

European parliamentarians have voted in favour of new rules which will force banks to slash fees on cross-border euro payments between EU countries that are in the euro zone and those that are not.

HSBC has successfully tested the use of tokenised deposits in intra-group treasury transactions using blockchain technology provided by China's Ant group.

ING has agreed a five-year deal with R3 for an unlimited number of Corda Enterprise licenses, with the aim of encouraging the adoption of CorDapps across the business.

Ripple has signed an agreement with the Saudi Arabian Monetary Authority (SAMA) to create a pilot programme in support of KSA banks who choose to use xCurrent to instantly settle cross-border...

A US federal banking regulator has called for public feedback on the use of cryptocurrencies ahead of what could be a change in the rules on digital banking.

Barclays, the Mastercard Foundation and Ripple have joined in a $1.7 million funding round for overseas remittance startup SendFriend.

Letters obtained by Finextra show an exchange by the ECB and Swift regarding the latter’s responsibility to mitigate risks caused by its decision to delay migration to ISO 20022.

Swift is working with more than a dozen financial institutions and market infrastructures to test the use of its messaging network as a means to instruct the transfer of tokenised value over a range...

Swift has a unique role to play in a payments ecosystem that includes central bank digital currencies, according to a joint paper from Accenture and...Swift.

emenos (SIX: TEMN), the banking software company, announces that Banque Libano-Française (BLF) Iraq, has upgraded to release 17 (R17) of Temenos T24 Core Banking after a short and successful implem...

The Depository Trust & Clearing Corporation (DTCC) says its distributed ledger technology-based alternative settlement platform has gone live in a parallel production environment.

“SBI Ripple Asia” hereby announces that it has partnered with Global Money Express, a leading South Korean money transfer company, and launched a DLT-based money transfer business between South Korea...

Lloyds Bank in the UK has become the first bank to switch on Swift gpi Instant, a new service from the Brussels-based interbank co-operative that enables consumers and businesses to send tracked...

eToro, the world’s leading social investment network, today announces it has added Chainlink (LINK) and Uniswap (UNI) to its crypto offering, bringing the total number of tokens that people can...

Ripple could move its headquarters from San Francisco to London, where its XRP cryptocurrency would not be deemed by regulators as a security.

The Depository Trust and Clearing Coporation has unveiled two new projects, codenamed 'Ion' and 'Whitney', to experiment with asset digitalisation, distributed ledger technology and asset tokenisat...

UAE-based National Bank of Fujairah is to provide customers with real-time cross-border funds transfers via the RippleNet network.

The Monetary Authority of Singapore and the Banque de France are hailing the results of a cross-border digital currency simulation that could upend the current correspondent banking model, enabling...

The Italian Banking Association (ABI) says the country's major banks could be ready to use distributed ledger tech to run interbank reconciliations by March next year, after pilot tests proved its...

New FinXP and Utrust partnership to enable instant crypto-to-fiat settlements for merchants.

HSBC is looking to take on money transfer behemoth Wise with the launch of a global currency conversion app.

FXCM Group, LLC ("FXCM Group" or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading, bitcoin and related services, today announced that it has expanded its...

Santander has teamed up with Prosegur Cash to launch an in-store digital cash management service in Spain that puts the notes and coins merchants accept straight into their bank accounts.

BIS general manager Agustin Carstens has called on countries to modernise their existing legal frameworks in a way that ensures legitimacy, privacy, integrity and choice for central bank digital...

Deutsche Bank has published its outlook for the decade ahead, predicting growth in appeal of cryptocurrency given the fragility of fiat money.

Swiss core banking vendor Temenos is to deliver access to digital assets for its banking clients through a relationship with local startup Taurus.

Thailand's Siam Commercial Bank (SCB) is set to open up its Ripple-powered consumer cross-border payments mobile app to businesses.

The current global payments infrastructure does not meet today’s business or consumer demands.

Banks from both sides of the Atlantic have successfully exchanged real-time cross-border payment messages as part of a proof-of-concept trial conducted with Swift, EBA Clearing and The Clearing House.

R3's blockchain-inspired Corda platform is being put to the test in the Euro Debt Market and syndicated loan arena under separate field trials with a collective of international banks.

Central banks should issue a digital version of cash to prevent the ‘privatisation’ of money and trust in the monetary system disappearing, according to a new report from research and campaign group...

Western Pacific island state the Republic of Palau has teamed up with Ripple on a government-issued stablecoin pilot.

Visa CEO Alfred Kelly says the card scheme is preparing its payments network to handle a full range of cryptocurrency assets.

Singapore and Thailand have linked their respective real-time payment systems, enabling instant transfer of consumer funds across borders.

Today, Ripple launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on demand to initiate cross-border payments at scale...

China is well on its way to become the world's first cashless economy, with mobile payments already accounting for four out of every five payments, according to a study by the South China Morning...

The Bank for International Settlements is calling on market participants to join a panel working on the harmonisation of API protocols for cross-border payments.

PayPal has launched payment by QR codes in the UK and 27 other markets around the world, providing a touch-free way for businesses to receive payments and for consumers to make purchases during...

Ripple has announced deals with two banks and three payment processors across India, Brazil and China, as the firm seeks to make good on a promise to transform payment flows into and out of emerging...

HSBC has signed a long-term strategic cloud deal with Amazon Web Services to create a more personalised banking experience for its millions of customers worldwide.

Visa is teaming up with a host of firms, including PayPal and Western Union, to let people send each other money between different P2P payment apps.

Standard Chartered has launched a new instalment payment offering for customers shopping on Amazon in the UAE.

The European Central Bank is stepping up its analytical investigations into the potential for creating a central-bank backed digital currency for retail customers, a move which would be "a game...

HSBC has become the first bank to start using R3's Corda enterprise blockchain network on Google Cloud.

Wells Fargo banking analyst Mike Mayo has forecast that the coming decade will be a "golden age of banks and technology", as IT insiders move up the ranks of management and banks emerge from wreckage...

HSBC is taking the fight to fintech rivals like Wise with the launch of a multi-currency digital wallet that enables businesses to make international payments simply and securely.

Italian payment firm Nexi and SIA have agreed a merger, creating an at-scale player encompassing the entire payments value chain.

COVID-19 has accelerated the development and use of emerging technology across industries.

The Swiss National Bank (SNB), the Bank for International Settlements (BIS) and SIX have carried out a proof-of-concept experiment that integrates tokenised digital assets and central bank money.

The Monetary Authority of Singapore (MAS) plans to issue up to five new digital bank licences as it seeks to open up the island's market to non-bank players.

Ripple is looking to build up an ecosystem around its native digital asset through the launch an initiative called Xpring, which will invest in, incubate, acquire and provide grants to startups using...

Ripple has invested in Money Tap, the P2P cash transfer app operated by a consortium of Japanese financial institutions.

Standard Bank says it is talking to regulators in multiple markets about amending regulations during the Covid19 crisis to make digital trade easier.

Oracle and HSBC, one of the world’s largest financial services organizations, today announced a strategic collaboration to accelerate the bank’s digital transformation.

Payments Canada has announced the availability of ISO 20022 messages for Lynx, the country's new high-value payments system.