- DLT-based Sterling Fnality Payment System (£FnPS) sees first live transactions utilising a digital representation of funds at central bank. Initial participants are Lloyds Banking Group, Banco Santander, and UBS.
- Latest funding round follows Series A of £55m in June 2019
- Lead investors include Goldman Sachs and BNP Paribas
UK FinTechs Fnality, Nivaura and Adhara collaborate with NatWest and Santander to execute first cross-chain pilot debt transaction on public Ethereum and Fnality Payment System
Being T-shaped refers to the wealth of skills and experience someone may have, and is particularly useful in the world of recruitment when looking for strong employees or the most desirable candidates.
At Fnality, we are often asked questions along the lines of 'How would new forms of digital money alter your value proposition?’ or 'Where does Fnality 'fit' in a future world with CBDC?'
Fnality's Product Manager, Simone Cortese, discussed the future of DLT ecosystems and why interoperability holds the key to success at the HQLAx Conference on Transforming the Securities Finance Industry via Distributed Ledger Technology. He highlights his key takeaways and insights in this blog post.
Improving cross-border payments has become a top agenda item of global policy makers. The G20 has made “enhancing cross-border payments” a priority in 2019, and it continues to be a priority for 2021 under the Italian G20 presidency. The Financial Stability Board (FSB) has launched an extensive roadmap last year, as well: “Faster, cheaper, more transparent and more inclusive cross-border payment services, including remittances, while maintaining their safety and security, would have widespread benefits for citizens and economies worldwide”. In fact, this October the FSB published measurable targets for addressing four key challenges in cross-border payments: cost, speed, access and...
It’s been a while since a former British Lord Chancellor declared “I think the people of this country have had enough of experts”, striking a populist note in the lead up to the UK’s Brexit referendum. In Watching the English, an entertaining book recommended to me when I first immigrated to this country, anthropologist Kate Fox writes about the English having “vestigial traces of a ‘culture of amateurism’, involving an instinctive mistrust of professionalism”. Others have argued about the superiority of generalists in a highly specialised world.1