News and technologies

Open API - bending, but not breaking
Open APIs and Open Banking were created to increase competition and innovation in the financial services sector and to make financial services more accessible for end-users. But,
EBA calls on EC to boost cross-border banking and payments
Cross-border banking and payment services in the EU are being held back by a lack of regulatory clarity and harmonisation, says the European Banking Authority (EBA). The
The Bank of Lithuania invites Fintech’s into the first blockchain-based sandbox
The Bank of Lithuania (Lithuanian central bank and regulator) launches LBChain – first blockchain-based regulatory sandbox for international start-ups as well as financial and Fintech companies. LBChain
Swiss National Bank and BIS use innovation hub to explore digital central bank money and DLT
The Swiss National Bank (SNB) is working with the Bank for International Settlements (BIS) on an innovation hub in Switzerland that will initially focus on research into banking-as-a-service, fintech investments, and PSD2 compliance. Interview with Maxim Ivanchenko
Maxim Ivanchenko, founder and CEO of Advapay and Canopus IT describes the current state of the financial technology landscape, how Advapay is streamlining BaaS solutions to keep
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