Latest Commercial Banking News: Finextra Research

ACH and The Importance of Routing Transit Numbers

As the years progress, ACH payments are increasing in popularity and in usage but when using such a payment method, it’s important to have the right data and information available. John Hutton, Global Head of Payments, LexisNexis Risk Solutions joined FinextraTV for this interview, exploring what ACH payments are and what risks can be involved. Hutton goes on to discuss both the simplistic detail of having the right routing transit number and how their organisation works in collaboration with Nacha to bring the right data to clients.

16 December 2024

Research/Commercial BankingFuture of Report

The Future of Payments 2025 – Digital, Instant, Profitable?

17 October 2024 948 downloads

Research/Commercial BankingFuture of Report

The Future of Embedded Finance in Africa 2025

10 October 2024 282 downloads

News/wholesale

Qonto announces European expansion

French neobank Qonto is set to open new offices in Austria, Belgium, Portugal and the Netherlands as part of a European expansion plan.

30 September 2024

Company update/wholesale

Lopay and YouLend partner to close SME funding gap

Lopay, a London-based payment processing app that focuses on faster payouts and lower processing fees, has announced a strategic partnership with YouLend, the leading global embedded financing platform, to make flexible and affordable business financing available for Lopay’s 40,000+ customers.

25 September 2024

Finextra TV/wholesale

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

Narendra Mistry, CPTO of Universal Banking at Finastra, emphasises that banks must adapt quickly to evolving technology and customer expectations. Success lies in implementing efficient core banking systems, that enable innovation at scale and at pace, while navigating AI and data with a focus on mindset and business services. Lean systems, like those of neo and digital-only banks, are good, but long-term growth requires a clear vision, a strong culture and breadth of capabilities. For established banks with pre-existing infrastructures, symbiosis – where next gen solutions are deployed alongside existing solutions – can offer a fast way to deliver outstanding experiences, stay ahead of competitors and, when appropriate, ease transitions.

24 July 2024

Finextra TV/retail

What African Banks are Prioritising Today

Join FinextraTV at the Temenos Community Forum 2024 as Lee Allcorn, Managing Director, MEA, Temenos and Deribie Asfaw, President, Cooperative Bank of Oromia talk about the priorities for banks across the African continent and the speed at which business and innovation operates here. Today, clients are prioritising trust, security and ensuring that their investments are as risk-free as possible. In addition to this, providing services to those that are unbanked and underbanked in a low cost manner continues to be an issue to be resolved. The conversation also turns to scalability, as financial institutions in Africa look to reach new channels and new markets.

15 July 2024

Finextra TV/payments

Core Banking Transformation: Enabling Future Growth at a Systemic Bank

Join FinextraTV at the Temenos Community Forum 2024 as Mick Fennell, Business Line Director - Payments, Temenos and Serge Munten, Head of Transformation, Banque Internationale à Luxembourg discuss their digital transformation project and the obstacles the bank faced when modernising core banking and payments capabilities. Scoping out the project, it is explored how BIL decided to completely revisit their IT landscape to enable the bank to manage higher transaction volumes, keep up with changing regulations and drive future growth.

12 July 2024

Finextra TV/cloud

Considering Cloud? Here are the options for banks

Join FinextraTV at the Temenos Community Forum 2024 as Tony Coleman, Chief Technology & Innovation Officer, Temenos and Keith Lynch, Head of Enterprise Business, EMEA, Red Hat dive deep into why choice remains a fundamental tenet for the banking industry and how cloud migration is no exception. A bank in 2024 has many options, whether it is moving to public cloud, where technology stacks are supported by hefty players such as AWS or Azure, for example, or working with SaaS providers. The conversation also shifts to expanding on the benefits of private cloud where cloud-like deployments are established. The advantages of hybrid cloud are also prevalent, where one technology stack can run across multiple footprints, allowing organisations to build an app once, but deploy it everywhere with open source technology.

11 July 2024

Finextra TV/payments

Why without technology, there would be no banks

Join FinextraTV at the Temenos Community Forum 2024 as Maurya Murphy, Senior Product Director, Corporate Banking, Temenos and Benjamin Wey, Senior Advisor, Hamilton Reserve Bank chat through how technology can be used to streamline operations and grow and develop as a business. For the largest global bank headquartered in the Caribbean, technology is essential for resolving problems that all traditional banks face, such as lack of communication and lack of customer support. There is now an expectation from customers of a much closer link between banking and technology, and corporate clients are looking for more personalisation, more choice and more sustainability in their products.

08 July 2024

Finextra TV/payments

SEPA Instant Mandate: Racing to European Banking transformation

Ainsley Ward, Vice President at CGI, and Global Business Development lead for CGI’s Payments Solutions, sheds light on European Parliament's SEPA Instant Mandate and the 9th of January 2025 deadline for Eurozone banks. With the Federal Reserve's FedNow initiative connecting 400 banks in a year underscoring varying market readiness, challenges still persist. We discuss alternatives found in new technologies and scepticism over universal compliance in anticipation of EBAday, where stakeholders can converge to navigate regulatory complexities and seek solutions in this digital era.

17 June 2024

Finextra TV/cloud

How cloud and SaaS enable customer-centric innovation for banks

Join FinextraTV at the Temenos Community Forum 2024 as Azfar Karimuddin, Chief Cloud Officer, Temenos & Dan Broten, CTO, EQ Bank, explore the advantages for banks running on the cloud, including how the technology helps to deliver better customer services and experiences. Discussing SaaS, they also pinpoint exactly how this technology can help banks innovate faster and develop new business models.

11 June 2024

Finextra TV/regulation

Lord Christopher Holmes of Richmond MBE on what the AI Regulation Bill Means for Fintech

At IFGS 2024, Lord Christopher Holmes provides his view on announcements such the Open Finance Task Force, which were revealed by Bim Afolami MP. Lord Holmes also dives deep into the AI Regulation Bill and how the industry can better align technology for financial inclusion and to benefit vulnerable customers.

06 June 2024

Finextra TV/retail

CFIT CEO Ezechi Britton MBE on How to Unlock Barriers to Fintech Growth

At IFGS 2024, Ezechi Britton MBE, CEO of the Centre for Finance, Innovation and Technology (CFIT), explores their recently released report on the benefits of open finance, what needs to be done to implement successful change and how open finance will change UK fintech going forward.

06 June 2024

News/wealth

SVB Financial to sell VC business, SVB Capital

SVB Financial Group has announced that its venture capital business, SVB Capital, will be sold to an entity affiliated with Pinegrove Capital Partners.

03 May 2024

News/crypto

German bank LBBW enters crypto market

Landesbank Baden-Württemberg (LBBW), the largest federal bank in Germany, has formed an alliance with crypto custodian Bitpanda.

15 April 2024

News/wholesale

ClearBank hits FY profitability

Britain's ClearBank is planning international expansion after reporting its first annual pre-tax profit.

08 April 2024

News/wholesale

Mastercard invests in Hello Alice

Hello Alice, a platform connecting small businesses to capital, connections and opportunities, has closed a Series C funding round joined by QED Ventures and Mastercard.

04 April 2024