Breaking News
Crédit Agricole CIB acquires equity stake in the Fintech SETL
Crédit Agricole CIB participated in the private fundraising of SETL. This is the Bank’s first equity investment in a fintech.
SETL was launched in July 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system enables market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions. The SETL system maintains a permissioned distributed ledger of ownership and transaction records, simplifying the process of matching, settlement, custody, registration and transaction reporting.
François Marion, Deputy CEO of Crédit Agricole CIB, said: “We are delighted to accompany SETL in its development by participating in this fundraising. SETL has developed a private blockchain that already integrates the specific matters of the banking industry. This minority stake is fully in line with the open innovation strategy of Crédit Agricole CIB and more broadly the Crédit Agricole Group strategy. It paves the way for an industrial partnership that will contribute to the work already undertaken by Crédit Agricole CIB on the blockchain technology over the last 2 years and will enable Crédit Agricole CIB to speed up the digitalization of its processes and exchanges with its customers.”
- Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions Read more
- SBS’s Digital Branch Mobilises UK Banking Read more
- Federato Appoints Yogesh Sapre as Chief Revenue Officer Read more
- Zip US and InComm Payments Bring Flexible Payments to Gift Cards, Giving Shoppers a New Way to Pay Read more
- Huntington Bank Joins CHIPS® for High-Value Payments Read more
Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions
Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API, announced today that it has raised $8M in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures. Additional participants include strategic financial institutions, such as Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital and Velocity in Asia. Additional investors include fintech operators from Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, Superstate, and more.
SBS’s Digital Branch Mobilises UK Banking
SBS, the global financial technology company that more than 1,500 financial institutions rely on to digitally transform the way they operate, has launched Digital Branch, a cloud-native, tablet-based branch servicing platform that replaces legacy teller systems for UK building societies and banks. Now, institutions can keep branches economically viable and regulatorily compliant at a time when more than 6,000 UK bank branches have closed since 2015.
Federato Appoints Yogesh Sapre as Chief Revenue Officer
Federato, the AI-native platform that changes the way insurance work gets done, today announced the appointment of Yogesh Sapre as Chief Revenue Officer (CRO).
Zip US and InComm Payments Bring Flexible Payments to Gift Cards, Giving Shoppers a New Way to Pay
Zip (ASX: ZIP), the digital financial services company offering innovative, people-centered products for everyday Americans, and InComm Payments, a global payments technology company, today announced a partnership that brings installment buying to the gift card category. Through the integration, eligible shoppers can purchase popular gift card brands directly in the Zip app.
Huntington Bank Joins CHIPS® for High-Value Payments
The Huntington National Bank has joined the CHIPS® network, the largest private-sector U.S. dollar clearing and settlement system in the world, to clear and settle high-value domestic payments.
Wego Introduces Stablecoin Payments Through Partnership with Triple-A for Flights and Travel Bookings
Wego, the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has partnered with Triple-A, a global payment institution, to introduce stablecoin payments for travel bookings, further expanding the range of payment options available to travelers booking flights and other travel services.
FIX Releases DeFi Manual for TradFi
The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, has released a comprehensive manual on digital assets and blockchain technology for finance professionals – Blockchain Basics.
Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions
Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API, announced today that it has raised $8M in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures. Additional participants include strategic financial institutions, such as Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital and Velocity in Asia. Additional investors include fintech operators from Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, Superstate, and more.
SBS’s Digital Branch Mobilises UK Banking
SBS, the global financial technology company that more than 1,500 financial institutions rely on to digitally transform the way they operate, has launched Digital Branch, a cloud-native, tablet-based branch servicing platform that replaces legacy teller systems for UK building societies and banks. Now, institutions can keep branches economically viable and regulatorily compliant at a time when more than 6,000 UK bank branches have closed since 2015.
Federato Appoints Yogesh Sapre as Chief Revenue Officer
Federato, the AI-native platform that changes the way insurance work gets done, today announced the appointment of Yogesh Sapre as Chief Revenue Officer (CRO).
Zip US and InComm Payments Bring Flexible Payments to Gift Cards, Giving Shoppers a New Way to Pay
Zip (ASX: ZIP), the digital financial services company offering innovative, people-centered products for everyday Americans, and InComm Payments, a global payments technology company, today announced a partnership that brings installment buying to the gift card category. Through the integration, eligible shoppers can purchase popular gift card brands directly in the Zip app.
Huntington Bank Joins CHIPS® for High-Value Payments
The Huntington National Bank has joined the CHIPS® network, the largest private-sector U.S. dollar clearing and settlement system in the world, to clear and settle high-value domestic payments.
Wego Introduces Stablecoin Payments Through Partnership with Triple-A for Flights and Travel Bookings
Wego, the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has partnered with Triple-A, a global payment institution, to introduce stablecoin payments for travel bookings, further expanding the range of payment options available to travelers booking flights and other travel services.
FIX Releases DeFi Manual for TradFi
The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, has released a comprehensive manual on digital assets and blockchain technology for finance professionals – Blockchain Basics.