FintechDaily – Page 23 – Fresh Dose of Fintech News

Swift Aims to Transform Retail Consumer Payments

Swift is collaborating with 30 banks to establish new rules for retail cross-border payments on its network. The initiative aims to ensure complete predictability regarding...

DBS, Franklin Templeton, and Ripple to Integrate Tokenized Collateral with Stablecoins

DBS, Franklin Templeton, and Ripple have entered into a Memorandum of Understanding aimed at launching repo markets that utilize tokenized collateral and stablecoins. As part...

DWS Launches $2 Billion Sale of Data Center Division

Deutsche Bank's asset management arm, DWS, is reportedly in talks to sell its data center operations, NorthC, with the transaction anticipated to exceed €2 billion....

UK Fintech Tide Achieves Unicorn Status

A recent $120 million investment led by asset manager TPG has elevated Tide, the UK-based business management platform, to a valuation of $1.5 billion. In...

EU Plans to Exclude Big Tech from Financial Data Sharing System

The European Union is poised to restrict Amazon, Apple, Google, and Meta from utilizing a new financial data sharing system, as reported by the Financial...

Revolut Commits £3 Billion Investment in the UK

As it opens its new global headquarters in Canary Wharf, fintech giant Revolut has pledged to invest £3 billion in the UK, creating 1,000 new...

US and UK Establish Taskforce for Crypto and Capital Markets

The UK and US governments have established a joint transatlantic taskforce aimed at fostering collaboration on digital asset initiatives. Formed under the leadership of the...

Digital Euro Set to Launch in 2029

Work on the digital euro is gaining momentum, with a possible launch by mid-2029, according to Piero Cipollone, a member of the European Central Bank...

Ripple’s Stablecoin Serves as Off-Ramp for BlackRock’s Tokenized Fund

Ripple has collaborated with Securitize to introduce a smart contract enabling holders of BlackRock and VanEck tokenized funds to exchange their shares for Ripple's stablecoin....

Morgan Stanley to Launch Crypto Trading via E*Trade After Investment in Zerohash

Morgan Stanley is gearing up to introduce cryptocurrency trading for retail clients via its E-Trade platform, according to recent reports. The investment bank is collaborating...