Latest Reconciliation News: Finextra Research

Capitalising on Eurosystem changes to bolster instant payments

The benefits of implementing a cohesive instant payments system are manifold and well documented. As evidenced by the incoming European Single Market Infrastructure Gateway (ESMIG) and the need to integrate interoperable systems across Europe, the ability to access infrastructure that facilitates instant payments is vital.

03 July 2020

News/cloud

FNZ scores deal to provide blockchain tech to South African investment industry

Wealthtech provider FNZ has struck a deal with FinSwitch to provide a new blockchain-enabled administration utility for the South African fund management industry.

22 May 2020

News/markets

OCC taps DLT for securities lending infrastructure

Equity derivatives clearing organisation OCC has selected Axoni to help it replace its securities lending infrastructure with distributed ledger technology.

05 May 2020

News/payments

Italian banks go live on Spunta Banca DLT platform

A group of Italian banks has gone live with a distributed ledger technology-based system for the reconciliation of reciprocal accounts.

28 April 2020

News/wealth

InvestCloud launches digital platform for IFAs

InvestCloud has unveiled a digital platform for wealth management and turnkey asset management programs (Tamps).

05 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

News/retail

Metro Bank trials digital business receipts

Metro Bank has invited a select few business customers to trial its upcoming app-based receipt manager, created following a partnership with Canadian tech firm Sensibill.

11 December 2019

News/payments

P27 Momentum: Key milestones for stakeholders in 2020 and beyond

Henry Ohlsson, deputy governor, Riksbank kept Nordic payments professionals entertained during NextGen Nordics: P27 Momentum during his session on the role of the central bank in a changing environment.

26 November 2019

News/regulation

Regtech Tookitaki raises $19.2m

Singapore-based, AI-powered regtech startup Tookitaki has topped up its Series A funding round to a total of US$19.2 million.

25 November 2019

News/sustainable

SustainableFinance.Live - a new event series

Finextra Research and ResponsibleRisk are collaborating with change agents in the sustainable finance arena to showcase a programme of content, workshops and conferences.

08 November 2019

News/payments

A treasurer’s best practice guide to global payment integration

Corporate business success stories can only be achieved if treasury professionals are keenly aware of the payment options, innovations and regulatory changes that are, can and will impact financial operations.

21 October 2019

News/cloud

Why are FIs shifting grid computing to the cloud?

The financial services industry has long required compute-intensive calculations for risk management, regulatory compliance, product development, pricing, trading, clearing and surveillance. However, the volume and timeliness of these calculations have increased.

18 October 2019

News/regulation

Sibos 2019: How compliance is keeping pace with real-time cross-border payments

At Sibos 2019, industry leaders in the compliance space will be exploring how best to prepare for the challenges that are emerging with real-time cross-border payments, which are inherently more challenging than domestic payments because they require bridging the closed loops of multiple currency systems.

23 September 2019

News/ai

Indian startup Recko scores $1m for AI-powered reconciliation

Recko, an Indian startup that enables AI-powered reconciliation of digital transactions, has raised $1 million seed funding from Prime Venture Partners.

11 July 2019

News/cloud

RBC buys accounts payable specialist WayPay

Royal Bank of Canada (RBC) has acquired WayPay, a local startup that provides businesses with cloud-based accounts payable automation technology. Financial terms were not disclosed.

09 July 2019

News/Reconciliation

Italy's banks to use DLT for reconciliations

The Italian Banking Association (ABI) has revealed that the country's banks will be using distributed ledger technology (DLT) to run its reconciliations as of March 2020, making it the first use of the blockchain among Italy's banks.

18 June 2019

News/Reconciliation

Kyriba brings real-time payments to treasurers through JPMorgan API

Cloud-based treasury management outfit Kyriba is tapping JPMorgan's API to enable shared clients to send real-time payments in the US.

24 May 2019

News/security

Securities participants are next on the hitlist for cyber attackers – BAE Systems and Swift report

In an interview with Finextra, BAE Systems’ head of cyber security consulting practice Robin Oldham shares new research conducted with interbank messaging network Swift, which profiles the way in which sophisticated cyber crime gangs are moving up the value chain in search of big wins in the wholesale payments and capital markets arena.

19 November 2018

News/Reconciliation

Deutsche Bank shifts reconciliations burden to SmartStream utility

Deutsche Bank has moved its reconciliation operations offsite to a managed utility provided by SmartStream as part of an initiative to simplify its IT operations.

20 June 2018

News/Reconciliation

Banks tap Ethereum smart contracts for MiFID II compliance

As MiFID II looms into view, Swiss bank UBS is leading a pilot that will use Ethereum smart contracts to improve the quality of counterparty reference data through anonymous reconciliation.

15 December 2017