The Bank of London has offered to purchase the British operations of the collapsed Silicon Valley Bank. The clearing bank said Sunday (March 12) it has sent proposals to U.K. authorities, including the Treasury and the Bank of England (BoE), Reuters reported. The bank is...
Bringing enterprise IT departments to the modern age to combat legacy systems from dragging an enterprise is vital to an organization’s survival. While other departments might be able to scrape by with outdated or aging infrastructure, this is not the case in IT — and...
Five years after open banking became a regulatory requirement, the U.K. now claims 7 million active users. That figure, representing less than 20% of the total number of bank account holders in the U.K., poses the question: What can be done to reach critical mass...
Digital platforms and eCommerce marketplaces that operate worldwide face a host of challenges: managing payments to vendors, suppliers and freelancers; avoiding noncompliance worldwide; and dealing with delayed or missed payments. In a business climate where a one-day delay in payment processing can mean weeks of...
March 07, 2023
Bringing enterprise IT departments to the modern age to combat legacy systems from dragging an enterprise is vital to an organization’s survival. While other departments might be able to scrape by with outdated or aging infrastructure, this is not the case in IT — and assuredly not regarding financial applications. Other factors weighing on the […]
March 01, 2023
Five years after open banking became a regulatory requirement, the U.K. now claims 7 million active users. That figure, representing less than 20% of the total number of bank account...
February 14, 2023
Digital platforms and eCommerce marketplaces that operate worldwide face a host of challenges: managing payments to vendors, suppliers and freelancers; avoiding noncompliance worldwide; and dealing with delayed or missed payments....
January 31, 2023
Nearly every day, it seems, some new scheme arises that’s aiming to replace or disrupt the existing global financial services system. Online payment platforms like PayPal begat cryptocurrencies which begat...
March 12, 2023
The Bank of London has offered to purchase the British operations of the collapsed Silicon Valley Bank. The clearing bank said Sunday (March 12) it has sent proposals to U.K. authorities, including the Treasury and the Bank of England (BoE), Reuters reported. The bank is heading a group of investors which include private equity funds. […]
June 28, 2022
The Bank of London announced Tuesday (June 28), that it will integrate SAP Fioneer’s Cloud for Banking platform (C4B) into the Bank of London API. The news sets the stage...
