Trade finance

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/Trade finance

Sibos: Auf wiedersehen Vienna, nei hau Hong Kong

As the Sibos conference and exhibition in Vienna draws to a close, we look back on a turbulent week.

/Trade finance

IT complexity biggest obstacle to corporate transaction banking - Finextra survey

A survey by Finextra Research and Misys reveals that 45% of banks say their ability to provide a joined up service to corporates is average or worse. But to counter this, more and more banks are consolidating lines of business into a transaction banking group, and investing more in new products delivered online.

/Trade finance

Swift to process bank-to-corporate trade data

Banks and corporates have been given the go-ahead to use the Swift financial messaging network for the exchange of trade finance-related information, including Letters of Credit advice and applications.

/Trade finance

Royal Bank of Scotland selects Accountis for e-invoicing

The Royal Bank of Scotland (RBS) is implementing technology from Fundtech-subsidiary Accountis to provide bank-branded electronic invoicing services to its corporate customers.

/Trade finance

Gresham names Sepkes executive chairman; posts widening losses

UK financial software house Gresham Computing has recruited industry expert Eric Sepkes as executive chairman as it looks to boost its business and reverse a slide in revenue and profits.

/Trade finance

Dawood Islamic Bank live with SunGard Web banking product

SunGard says Pakistan-based Dawood Islamic Bank (DIBL) is using its System Access Customer Service Manager package to provide Shariah-compliant Internet banking services to retail and corporate customers.

/Trade finance

Misys reports UBI Banca deal

Italian banking group UBI Banca International is rolling out the Midas Plus core banking package and the TI Plus trade finance application from UK vendor Misys across its EU branches.

/Trade finance

Bangladesh's AB Bank live with Misys Equation and Trade Innovation

Bangladesh's AB Bank has rolled out technology from UK banking systems vendor Misys to support its retail and trade finance operations.

/Trade finance

Nigeria's Intercontinental Bank live with Misys trade finance technology

Nigeria's Intercontinental Bank (IBL) has rolled out technology from UK banking systems vendor Misys to support its trade finance operations.

/Trade finance

Banks must understand our back-office say corporate treasurers

Corporate representatives attending the Swift banking conference have told banks that they must develop a deeper insight into treasury back-office and IT processes if they wish to play a bigger role in the financial and physical supply chain.

/Trade finance

TietoEnator Hub opens up the supply chain

Nordic tech vendor TietoEnator has launched a white labelled on-demand service that enables banks to capture payments information exchanged through corporate supply chains.

/Trade finance

WestLB signs with Bolero for multi-bank trade finance platform

Germany's WestLB is to use the Bolero trade finance platform to provide automated multi-bank services to its corporate customers for processing Letters of Credit and Guarantees.

/Trade finance

KBC selects Misys technology for SwiftNet TSU services

Belgian banking group KBC is implementing technology from UK software house Misys to provide corporate clients with services via the SwiftNet Trade Services Utility (TSU).

/Trade finance

AIB renews ABN Amro trade finance outsourcing deal

Allied Irish Bank has extended its trade services outsourcing contract with ABN Amro for another five years to 2012

/Trade finance

Lloyds TSB outsources trade back-office processing to Wachovia

UK banking group Lloyds TSB has outsourced its trade back office processing operations to US bank Wachovia.

/Trade finance

Misys launches multi-bank trade portal

Misys has launched a trade services portal through which corporate treasurers can manage their trade finance relationships with multiple banking partners.

/Trade finance

OCBC awards trade processing business to JPMorgan

Singapore's Oversea-Chinese Banking Corporation (OCBC) is outsourcing its trade finance processing to JPMorgan Treasury Services.

/Trade finance

ANZ launches e-government trial for business customers

ANZ has inked an agreement with the Australian government to trial a system that will enable its business customers to access government services via the Internet using a chip card.

/Trade finance

BNP Paribas and JPMorgan process first live TSU transaction

JPMorgan and BNP Paribas have processed the first live interbank end-to-end transaction through the now-commercially available SwiftNet Trade Services Utility (TSU).

/Trade finance

Banks must buddy up to vendors to service large corporates

Banks must partner with like-minded technology vendors if they are to meet the growing demands of corporate customers for improved supply chain integration capabilities, says market analyst firm TowerGroup.