Binance advocates for a crypto bill of rights
Binance is looking to bring order to the chaos of the crypto market with a so-called crypto bill of rights. In a statement, the cryptocurrency exchange confirmed that it is committed to working with both regulators and policymakers to develop…
State Street, Vanguard and Symbiont use blockchain to trade live currency forward contracts
State Street, Vanguard and Symbiont jointly announced that the margin calculation process for live trading of a 30-day currency forward contract has been completed using Symbiont’s distributed ledger technology (DLT). The firms said they have collaborated to actively explore the…
Asset managers are throwing big bucks at automation
A new study has found that wealth and asset managers are making automation a priority in their business in response to the challenges posed by manual processes. More than half of wealth and asset managers surveyed by automated reconciliation firm…
Mass adoption of crypto will continue in 2022
Countries in Latin America and Asia, in particular, are expected to follow El Salvador’s lead and accept bitcoin as legal tender next year, but most countries are also expected to develop stricter regulations. Looking ahead, Sebastian Markowski, Chief Strategy Officer…
Start-ups cannot be compared to existing service firms with technological advancements
According to Taimur Hyat, COO of PGIM, technology is set to change the service sector, but established companies will prevail. Mr Hyatt explained that while disruptive new entrants are expected to be found in parts of the services sector, “the…
HUB24 reports record growth
On Wednesday, HUB24 announced that it achieved record second-quarter net platform inflows of $3.6 billion, including $349 million transferred from externally administered legacy private label IOOF to the wealth giant’s private label, Rhythm Super, which is administered by HUB24. Total…
NAB expands digital messaging capabilities with new partnership
Customer engagement software company Khoros has announced that it has been selected by NAB as a technology partner to transform the bank’s digital messaging capabilities. NAB’s executive director of digital experience and engagement, Michelle Sherwood, said 94 per cent of…
Big 4 banks invest in real-time direct debit platform Paypa Plane
The Commonwealth Bank has partnered with fintech Paypa Plane to help businesses move to PayTo functionality on the RBA’s new Payments Platform (NPP), while offering a “superior” payments experience. PayTo will enable businesses to accept direct debit payments in real…
MoneyMe cancels institutional accommodation
MoneyMe has decided to raise $25 million in funding to fund the acquisition of SocietyOne through existing commitments from Pacific Equity Partners. In an ASX listing on Thursday, the fintech lender confirmed that despite “good support” from existing investors and…