Banking News
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BOQ to host “Future of Fintech” hackathon
(3 March 2017 – Australia) Bank of Queensland will this week host more than 130 aspiring entrepreneurs at a fintech hackathon.
Supply Chain Finance Insight in focus at London Market Briefing
(3 March 2017 – United Kingdom) Due to its attractive role and importance in corporate off-balance sheet funding, supply chain finance has been attracting intense interest in the last few years, and particularly in relation to the contribution it can make to enhancing traditional trade financing by banks. Adding to this focus has been the growing role of FinTech in this space, with 2016 seeing the first real-world application of blockchain technology in a trade and supply chain finance transaction.
Virgin looks to UK SME market
(2 March 2017 – United Kingdom) Virgin Money is considering entering the small business banking market with aid from the Royal Bank of Scotland under new Treasury plans to boost competition in the sector.
UOB launches SE Asia’s first virtual accounts payable platform
(2 March 2017 – Asia) According to United Overseas Bank (UOB), it has launched Southeast Asia’s first virtual accounts payable solution, the UOB Virtual Payment Solutions suite.
Worldpay founder unveils UK’s first clearing bank in 250 years
(1 March 2017 – United Kingdom) Worldpay founder Nick Ogden has launched ClearBank, the first new UK agency and clearing bank to be created in over 250 years.
S&P downgrades Kiwibank credit rating
(1 March 2017 – New Zealand) Following the expiration of an unconditional guarantee from its majority stakeholder, New Zealand Post, ratings agency S&P Global Ratings (S&P) has downgraded Kiwibank's long-term issuer credit rating to A from A+.