24 November 2014

Latest Transaction banking announcements


NSD and CME repository cooperate on OTC cross-border transactions

21 November 2014  |  1243 views  |  0

National Settlement Depository (NSD), Russia's central securities depository, a systemically important repository in the Russian market, and CME European Trade Repository Limited (ETR), the ESMA registered and regulated UK-based trade repository that is part of the multi-jurisdictional CME Global Repository Services at CME Group have announced the initiation of cooperative activities.


BTMU fined $315 million over US dollar clearing controls

19 November 2014  |  998 views  |  0

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) announced today that it has entered into a consent agreement with the New York State Department of Financial Services (“DFS”) to resolve issues relating to instructions given to PricewaterhouseCoopers LLP (“PwC”) and the disclosures made to the DFS in connection with BTMU’s 2007 and 2008 voluntary investigation of BTMU’s U.S. dollar clearing activity toward countries under U.S. economic sanctions.


Bank of the Philippine Islands adopts Swift’s Sanctions Screening service

18 November 2014  |  1360 views  |  0

SWIFT announces today that Bank of the Philippine Islands (BPI) has become the 250th customer to subscribe to its Sanctions Screening service.


Bank of China France goes live on SAB AT payment platform

13 November 2014  |  1021 views  |  0

Bank of China France activity addresses private customers and corporates. The Bank was looking for a solution allowing the management of payments in an integrated way to its existing information system.


Swift to profile correspondent banks for KYC data sharing

12 November 2014  |  1603 views  |  0

SWIFT announces the development of the SWIFT Profile, a unique report that provides a global overview of an institution’s correspondent banking activities, which banks can share at their own discretion.


AmEx integrates commercial payments and working capital functionality into Intacct software

11 November 2014  |  1255 views  |  0

American Express Global Corporate Payments (AXP), the division of American Express servicing companies from midsize to global Fortune 500 companies worldwide, today announced the company has joined forces with Intacct, a leading provider of cloud financial management and accounting software.


Trade finance firm Ebury hits £2 million lending milestone

04 November 2014  |  848 views  |  0

Ebury, the fast-growing fintech company that enables UK SMEs to trade and transact internationally, is pleased to announce a record number of transactions on the Ebury lending platform and the launch of a new partnership programme.


Money20/20: Yantra integrates risk-management system with Ripple protocol

04 November 2014  |  893 views  |  0

Yantra Financial Technologies, a financial technology firm specializing in designing, developing and managing electronic payment systems, and Ripple Labs announced today from Money 20/20 that it will offer bank customers its latest risk management system for risk scoring payments integrated with the Ripple real-time settlement protocol.


Inetco opens London tech city office

04 November 2014  |  964 views  |  0

INETCO Systems Ltd., a leading provider of transaction monitoring and analytics solutions for the banking and payment processing industries, is opening an office in London’s Shoreditch—Tech City—area.


Citi launches capital analytics service

03 November 2014  |  1454 views  |  0

With Citi Working Capital Analytics, organizations can benefit from real-time, in-depth analysis of their payables, creating differentiated value through payment efficiencies, cost savings and working capital optimization.


US Dataworks accepts bitcoin on receivables platform

03 November 2014  |  732 views  |  0

Mainstream Businesses that Rely on US Dataworks for Receivables Processing Can Now Benefit by Accepting Bitcoin Payments without Changes to Their Existing Systems.


Reval expands into Japan

03 November 2014  |  890 views  |  0

Reval, a global technology leader in Software-as-a-Service (SaaS) for Treasury and Risk Management (TRM), announced today that it has expanded its operations into Japan to locally service the growing treasury needs of Japanese corporations.


ChildFund to utilise Standard Chartered Straight2Bank wallet service

03 November 2014  |  1534 views  |  0

Standard Chartered Bank and ChildFund International today announced that ChildFund will be utilising Standard Chartered's Straight2Bank Wallet service to enable electronic payments into mobile wallets of ChildFund beneficiaries.


PowertoPay connects to Swift

03 November 2014  |  1071 views  |  0

PowertoPay, the supplier of the SaaS Corporate Payment Hub, has a connection with SWIFT, a global provider of financial messaging services.


Correspondent banking model unfit for low value payments - Earthport

29 October 2014  |  1120 views  |  1

In a survey carried out by Earthport at the recent flagship global banking conference, SIBOS, 51% of attendees surveyed said they believe that correspondent banking is unsuitable for making payments of less than $1,000, while 18% say they believe it is unsuitable for making payments of less than $200.


UniCredit and Bank of Tokyo-Mitsubishi complete first Germany/Japan BPO deal

24 October 2014  |  2994 views  |  0

UniCredit Bank AG and Bank of Tokyo-Mitsubishi have processed the first BPO (Bank Payment Obligation) deal ever between Germany and Japan which is for a transaction between Töging (south of Munich) based RVT Rühr- und Verfahrenstechnik (RVT), a leading producer of industrial mixers, and Mitsui & Co. Plant Systems (MPS), a provider of plants, facilities and equipment to the infrastructure and basic industrial sector in Japan.


US Bank ships mobile app for corporate payments

23 October 2014  |  1465 views  |  0

U.S. Bank Corporate Travel and Purchasing card clients can now retrieve account information on the go with the new U.S. Bank Access® Online Mobile app.


Tungsten allies with TrustWeaver for secure e-invoicing

23 October 2014  |  1007 views  |  0

Tungsten Corporation plc (TUNG.L), the global electronic trading network, today announces that its electronic invoicing platform, Tungsten Network, is now working with TrustWeaver, a provider of digital signatures for electronic invoices and credit notes.


Tungsten enables e-invoicing in Qatar

22 October 2014  |  1152 views  |  0

Following a detailed review of Qatari commercial and tax law, Tungsten Network, the global e-Invoicing network built on OB10, now enables customers to send and receive electronic invoices that qualify as a legal invoice in Qatar.


Commerzbank processes first bank payment obligation transactions

21 October 2014  |  2357 views  |  0

Following intensive preparations, Commerzbank's Mittelstandsbank has successfully processed the first two live transactions supported by a Bank Payment Obligation (BPO), one for a German SME and one for an international group based in Belgium.

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