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Industry news

BIS teams up with three central banks to explore cross-border CBDCs using DeFi protocols

The exploration on cross-border exchange of wholesale CBDCs involves the central banks of Singapore, France and Switzerland and aims to deliver a proof of concept by mid-2023.

GoCardless boss celebrates shared vision of Nordigen founder

Chief product and growth officer at GoCardless, Duncan Barrigan, and CEO and co-founder of Nordigen, Rolands Mesters addressed delegates at Open Banking Expo UK last month.

Open Banking Expo partners with OBIE for #GivingTuesday campaign

Open Banking Expo has teamed up with the OBIE to launch a campaign showcasing how Open Banking can help charities and non-for-profit organisations unlock new fundraising opportunities.

Regulation risks smothering BNPL market

Upcoming UK regulation governing BNPL providers will help silence critics but must be carefully calibrated so as not to stifle the expanding market.

Volt to expand into Australia

Volt has announced its hotly anticipated expansion into Australia has been tabled for the first quarter of 2023.

European Commission mandates banks to offer euro instant payments across EU in ‘landmark’ move

Volt CEO Tom Greenwood said the new legislation “sets the stage for a renewed wave of innovation and growth for Europe’s payments industry”.

Financial institutions encouraged to help consumers

Consumers are planning to borrow larger amounts amid rising inflation, despite a lack of trust between customers and financial institutions.

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