G7 finance group endorses policy principals for retail CBDCs

Finance officials from the G7 have endorsed 13 public policy principles for retail central bank digital currencies (CBDCs).

How can traditional banks deal with the coming wave of embedded...

The embedded finance market is currently going from strength to strength. Thanks to companies like PayPal and Klarna, many non-financial institutions are integrating financial services into their platforms. As the sector continues to expand, how can traditional banks compete?

FinTech VC Element snares $130m for B2B fund

UK firm Element Ventures has secured $130m in financial backing for its business-to-business (B2B) FinTech-focused venture capital business.

Booking.com unveils FinTech department to bolster travel market access

Travel accommodation company Booking.com has created a new internal FinTech business unit to help facilitate better access to its global travel marketplace.

People’s Bank of China set to begin green finance evaluation of...

The People’s Bank of China (PBOC) has revealed it will begin quarterly assessments of the green finance performance of 24 major Chinese banks starting 1 July this year.

SIMON unveils Nationwide as newest member of its InsurTech marketplace

SIMON Annuities and Insurance Services have added insurance and financial services business Nationwide as the newest carrier in its InsurTech Marketplace.

Bank of England initiates climate stress tests to explore risks

The Bank of England (BofE) has kicked off its Climate Biennial Exploratory Scenario (CBES) to scrutinise the risks that could be incurred from climate change.

Fintech Working Group taps Boston for new financial innovation hub

The Massachusetts Fintech Working Group is set to launch a new FinTech innovation centre aimed at making the most of the states’ tech-heavy economy.

UK finance sector ninth biggest CO2 emitter in the world, report...

A Greenpeace-led report has found UK banks and assets managers were responsible for 805m tonnes of CO2 in 2019 – making it the ninth largest carbon emitter worldwide.

US trade report highlights challenges for bolstering financial inclusion

A new report by six US trade groups has underlined the obstacles and solutions for boosting financial inclusion and access across the US.

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