Cash management

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/Cash management

ING invests in startup behind multibanking platform for corporate market

The venture arm of ING is investing EUR7.5 million in Cobase, a Dutch fintech startup looking to cash in on the Open Banking era with its platform that lets companies access all of their accounts from one place.

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NatWest trials intelligent cash management system

NatWest has teamed up with G4S to pilot an intelligent cash management system for businesses that credits their accounts at the end of the day with their cash intake without having to physically deposit the funds at the bank branch.

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Swift Business Forum New York - live blog

Welcome to Finextra's live coverage of the Swift Business Forum New York 2018. This event will focus on important issues affecting the financial industry, exploring how far and how fast the transformation of financial services will take place in the US and how firms can win in a digital-first world.

/Cash management

Bellin opens Karlsruhe office

BELLIN has opened a new office in Karlsruhe, further cementing its claim as a leader in corporate banking and treasury technology.

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Immediate payments tops treasury technology wish list

Technology continues to drive innovation in the commercial payments sector, according to a recent survey of finance and treasury professionals conducted by TD Bank, America’s Most Convenient Bank.

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Corporates begin trials of multi-bank payments tracking across Swift gpi

Financial messaging network Swift has begun pilot trials of a multi-bank payments tracking service with 12 member institutions and 10 multi-national corporates.

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Excel fingered as biggest time-waster for global treasury ops

Global treasury teams are wasting an average of 4,812 hours per year using traditional spreadsheets to manage their cash, payments and accounting operations, according to a new Kyriba survey of 100 plus major brands in the U.S. and Europe.

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Citi leverages Swift gpi to launch Payments Insights

Citi has launched Citi Payment Insights, a new service providing institutional clients with real-time payments visibility, and ability to action payments on-demand via its electronic banking platform, CitiDirect BE.

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SMEs increasingly turning to bank cash management systems to handle finance and liquidity management

The third survey by Fachhochschule des Mittelstands (FHM), the SME University in Bielefeld, revealed that the demands placed on finance and liquidity management have increased, leading to the proliferation and professionalisation of cash management systems.

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Strands and Mastercard team on business financial management platform for bank SME clients

Mastercard is teaming up with fintech startup Strands to offer issuing banks around the world an integrated platform of digital cash management and commercial payment tools aimed at their SME customer base.

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No greater change will occur than that in financial services

Twelve hundred banking professionals gathered from around the world to network and discuss the challenges and benefits of digital transformation at the Temenos Community Forum. The venue was the National Convention Centre in Dublin. The theme- Digital to the Core.

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Santander implements Infosys Finacle suite for interbank cash management

Infosys Finacle, part of EdgeVerve Systems, a fully owned subsidiary of Infosys (NYSE: INFY), and Santander UK, a leading financial services provider in the UK, today announced the launch of a new inter-bank cash management system for its corporate customers.

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SmartStream makes AI play

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced the launch of the next phase of its innovations team – who are working with financial institutions to optimise workflows, using Artificial Intelligence (AI), Machine Learning (ML) and blockchain technologies, in the areas of reconciliations, cash management and fees and expense management.

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Gresham appoints Khee Joo Tan as head of sales for Asia Pacific

Gresham Technologies plc, the leading software and services company that specialises in providing real-time data integrity and control solutions, today announced the appointment of Khee Joo Tan (KJ) to the company as director of sales for the AP region.

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Mitsubishi to pilot real funds, cross-border payment over RippleNet

Mitsubishi Corporation (MC), MUFG Bank, Ltd. (MUFG Bank), Bank of Ayudhya PCL (Krungsri), a Thailand-based subsidiary of MUFG Bank, and Standard Chartered Bank (Standard Chartered), today jointly announced the commencement of a pilot test for moving real funds over RippleNet, with the objective of making cross-border payments more convenient and further improving the capital efficiency of corporate groups.

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Brexit, cyber-resilience, Open Banking to the fore at Swift London forum

The Swift Business Forum London recently took place at the city's Tobacco Dock. With a record 1,300 registrations, the key themes of the day included innovation in financial services, community collaboration, and cyber resilience. And of course, being hosted in the UK, Brexit and its potential impacts also came up in discussion

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DBS launches real-time cross-border payment tracking for all corporate and SME clients

More than 200,000 of DBS’ corporate and SME clients will now be able to benefit from better cashflow visibility through real-time cross-border payment tracking.

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Swift Business Forum London - live blog

Welcome to Finextra's live coverage of the Swift Business Forum London 2018. This event will focus on important issues affecting the financial industry, exploring how far and how fast the transformation of financial services will take place in the UK and beyond.

/Cash management

Corporates clamour for enriched data rather than faster payments

Despite industry buzz about faster payments, corporate treasuries and commercial bankers rate obtaining detailed information on transaction flows as more important than speed when it comes to electronic payments, according to research from TD Bank

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Tungsten Network extends analytics offering to accounts receivable

Tungsten Network has extended its analytics offering to include accounts receivable dashboards, allowing the 300,000 customers on its network to glean deeper insight into their cash flow and manage their finances more effectively.