News and technologies

Financial IT interviews Gustav Korobov, Senior Sales Executive of Advapay OÜ
Financial IT speaks with Gustav Korobov, Senior Sales Executive of Advapay OÜ at PayExpo 2019.
Bank Of England Handing Down Strict Regulations For Libra
The Bank of England’s (BoE) Financial Policy Committee (FPC) has laid down a set of strict rules that Facebook’s Libra and other cryptocurrencies must follow in order
SWIFT issues second Open Banking API
SWIFT has published a new open API interface standard that allows a payer’s financial institution to allocate advance funds. SWIFT has released its Pay Later API standard
Arab Bank’s Swiss Arm Is Launching Cryptocurrency Services
The Swiss branch of one of the top financial institutions in the Middle East is launching a suite of cryptocurrency-based services. Arab Bank (Switzerland) announced on Thursday
PayPal Open For Business In China
PayPal Holdings announced that it can do business in China after buying a controlling stake in a domestic payments firm. The deal would make PayPal the first
Central banks grill Facebook over cryptocurrency
Facebook has faced a grilling from 26 central banks over the scope and design of its proposed cryptocurrency Libra, amid mounting concern over the threat posed to
Alfa-Bank Launches Bank-as-a-Service Platform on Waves Blockchain
Alfa-Bank and X5 Retail Group partnered to launch a blockchain liquidity management service in Russia. According to a press release published by the bank on Sept. 12,
The UK has been well established as one of the leaders in Fintech innovation, and the place to be for financial entrepreneurs; however, when it comes to
Banking cooperative Swift has published a new API standard for the pre-authorisation of funds in its latest bid to bring more efficiency to open banking in Europe.
Swiss financial authority FINMA offered guidance this week on anti-money laundering (AML) requirements for blockchain-based companies even as it granted broker-dealer licenses to two new blockchain companies.