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Interest rates: BoE plans could be taking advantage of pre-Brexit conditions
Stuart Law, CEO at Assetz Capital
“The Bank of England should be cautious about raising interest rates by too much in a short space of time. There’s a high probability that any rises could simply be a way to take advantage of the opportunity, whilst it exists, to hike up interest rates ahead of Brexit in case there is a need to then drop them again.
“It’s also unlikely that peak interest rates will rise above 2% in this cycle, and even 2% could prove too painful for many. The Bank of England and the government should be far less concerned about offsetting inflation by raising interest rates at speed, as the inflation rate is likely to decrease in the near future.
“Instead, the government should look to alternative tactics in order to manage a possible credit bubble in several asset classes, in a similar way to the use of stamp duty to slow the London property market and new taxes to slow the buy-to-let market.”
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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.