Banking Infrastructure

European Central Bank (ECB) executive board member Fabio Panetta has claimed that despite the growth in digital currency, there is still a huge demand for physical cash.

UK-based pension provider Collegia has secured £500k in funding ahead of its launch in the UK later this month.

United Fintech has appointed its Advisory Board with the aim of driving the company towards further global expansion.

A blogpost by data science and behaviour change firm Sentiance has highlighted the growing importance of hyper-personalization in the retail banking sector.

Estonian identity verification firm Veriff has teamed with mobile money app Monese to provide strengthened and secure digital banking services to European consumers.

UK-based Coupay secured £200,000 pre-seed funding from SFC Capital and angels including serial entrepreneur Will Wynne of Smart Pension, Arena Flowers and Trulience in a bid to help small businesses get from sales to cash faster.

A study by the Bank for International Settlements (BIS) has discovered the introduction of central bank digital currencies (CBDCs) may lead to greater foreign exchange controls.

The People 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.

China National People Congress (NPC) has passed its first data security law aimed at strengthening the government hand over the data produced and stored in the country.

Indian FinTech Refyne has raised $16m from a Series A funding round led by RTP Global and partners of DST Global.