Latest Cash management News: Finextra Research

Chesapeake turns to Q2 for digital banking

Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, and Chesapeake Bank, a community bank serving central and eastern Virginia, today announced Chesapeake Bank has implemented Q2’s “best-in-class” commercial banking technology to improve the financial experiences of its business customers.

11 September 2020

Company update/Cash management

Ghana International Bank extends Planixs treasury contract

Existing Planixs customer, Ghana International Bank (GHIB), has renewed its contract with the leading provider of real-time, intraday cash, collateral and liquidity management solutions, to continue to manage its cash and liquidity through Planixs’ Realiti treasury software suite.

09 September 2020

Company update/retail

GTreasury unveils AI tool to improve cash forecasting

GTreasury, a treasury and risk management platform provider, today announced the release of SmartPredictions™, which improves cash forecasting accuracy by applying artificial intelligence to short- and long-term treasury data.

31 August 2020

Company update/startups

Stratify raises $4.9 million seed round to help companies manage budgets

Stratify, a venture-backed start-up focused on bringing a collaborative and connected approach to strategic finance, today announced it has closed a $4.9 million Series Seed investment to transform financial planning and analysis by tackling one of the most important elements of managing any company - the budgeting process.

28 August 2020

Company update/Cash management

VPBank separates treasury operations from legacy core with Finastra

Finastra has helped VPBank separate its treasury operations from its legacy core banking system with Finastra’s Fusion Kondor and Fusion Risk solutions.

27 August 2020

Company update/people

Cashfac appoints Angela Beswick MD, Asia Pacific

Cashfac, a leading provider of back-office operational cash management software, is pleased to announce the appointment of Angela Beswick as Managing Director of Asia Pacific, as the company’s business expansion plans gather pace to meet increasing global demand for their Virtual Bank Technology (VBT) platform.

28 July 2020

News/payments

Airwallex adds Deutsche Bank for cross-border collection and API-enabled FX services

Fintech unicorn Airwallex has turned to Deutsche Bank to help it provide virtual account collections and API-enabled foreign exchange services in in Japan and Hong Kong, respectively.

28 July 2020

Company update/Cash management

Deutsche Bank invests in Traxpay

Deutsche Bank AG has announced its investment in the Frankfurt-based fintech Traxpay GmbH, with both parties signing the agreements in Frankfurt this Friday.

24 July 2020

Company update/wholesale

JPMorgan to provide corporate clients with an aggregated view of multi-bank accounts

J.P. Morgan Asset Management (NYSE: JPM) and Hazeltree, the leading provider of cloud-based treasury solutions for investment managers, have partnered to deliver a unique and integrated cash and liquidity management platform to private equity, private credit, real estate and infrastructure funds.

21 July 2020

Company update/retail

Strategic Bank signs for iFinancial

iFinancial's award-winning software, BankWare, and iBank, has been selected by Strategic Bank, Puerto Rico, to help with the delivery of their core banking services and digital banking solutions.

16 July 2020

Company update/payments

American Express moves into accounts payable space

American Express (NYSE: AXP) launched American Express One AP™, the company’s first proprietary automated accounts payable (AP) solution that enables U.S. businesses to process supplier payments more easily and efficiently.

15 July 2020

Company update/markets

Swiss Stock Exchange to rebuild treasury platform with Planixs

Planixs, the leading provider of real-time, intraday cash, collateral and liquidity management solutions, has announced today that it has been selected by the Swiss Stock Exchange part of SIX to enhance its real-time treasury platform through its Realiti® software suite.

02 July 2020

Company update/cloud

Gresham names Marc Binck as head of cloud services

Global fintech firm, Gresham Technologies (Gresham), has appointed Marc Binck as Head of Cloud Services to accelerate the firm’s cloud strategy across global markets.

17 June 2020

News/payments

ING spin out Cobase welcomes Nordea and Crédit Agricole CIB as new shareholders

ING spin-out Cobase, a provider of multi-bank treasury management services, has raised €10 million in funding from Nordea and Crédit Agricole CIB.

10 June 2020

Company update/payments

Treasury Intelligence Solutions raises $20 million

TIS (Treasury Intelligence Solutions), a leading cloud platform for managing corporate payments and cash flows, today announced it has raised $20 million in additional financing led by Aquiline Technology Growth, an early- and growth-stage fund managed by Aquiline Capital Partners.

28 May 2020

News/payments

Will SCA delays stall Request to Pay’s momentum?

Request to Pay (R2P) services originally scheduled to launch later this year have been expected to play a major part in transforming the UK and EU’s payments ecosystem.

14 May 2020

News/covid-19

Bank of America's Head of FIs GTS: Cash has increased in prominence as a security

Despite the assumption that the Coronavirus pandemic will prove the last nail in the coffin, Bank of America's head of financial institutions GTS believes demand for paper money as a security has in fact increased.

29 April 2020

News/startups

JP Morgan invests in cash management startup Trovata

Trovata, a US startup specialising in automating cash reporting and forecasting through wholesale, multi-bank API data aggregation, has scored $4.3 million in funding led by JP Morgan.

23 April 2020

News/payments

Swift delays ISO 20022 cross-border payments migration

Swift is to delay the original ISO 20022 migration date for cross border payments by 12 months, from November 2021 to the end of 2022, as banks struggle with decommissioning and preparing existing infrastructure for the transition.

16 March 2020

News/regulation

Piercing the LIBOR veil: Concern brews over looming deadline

While financial institutions across the market remain outwardly confident about their LIBOR transition strategy, uncertainty continues to surround the feasibility of achieving the migration within proposed deadlines.

02 March 2020