Transaction banking

3345 articles tagged with this keyword

/payments

Standard Chartered revamps FX payments suite

Standard Chartered has launched SC PrismFX, a broad suite of foreign exchange and payment services tailored to the specific needs of banks, PayTech's and corporate clients.

/predictions

What Are 'Future Safaris' and The 5 L's to Success?

Joining FinextraTV from CES in Las Vegas, Todder Moning, Head of Applied Foresights, U.S. Bank, shares his insights into the innovations at CES and how they inform his team’s view on the future. From explaining the role of futurists in banking to describing his 5 Ls for success, Moning provides his tips for future-proofing in the financial industry.

/Transaction banking

FirstBank UK renews contract with Planixs

Planixs, a leader in real-time treasury and liquidity management solutions, is excited to announce the renewal of its partnership with prominent international bank, FirstBank UK as it reinforces Planixs as a trusted provider of treasury management solutions.

/wholesale

FIS set to buy Demica

UK supply chain finance platform Demica is about to be swallowed up by US financial technology provider FIS Global, according to Sky News.

/payments

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.

/payments

BofA's CashPro app on track for $1 trillion in annual payment approvals

By the end of 2024, Bank of America corporate clients will have made over $1 Trillion in payment approvals on the bank’s CashPro App, the mobile application that companies use to manage their treasury operations.

/payments

Tietoevry Banking joins Bian

Tietoevry Banking, a leading provider of modular software solutions for financial institutions, is joining the Banking Industry Architecture Network (BIAN).

/payments

The Clearing House to raise RTP network individual transaction limit to $10m

The Clearing House, the operator of the RTP® network, the largest instant payments system in the United States, will raise the individual transaction limit to $10 million. The increased limit supports growth on the network in areas including real estate, supply chain payments, and business-to-business transactions that require larger transaction amounts.

/crime

Pole Star Global integrates with Eastnets for vessel tracking to curtail maritime financial crime

This enhancement equips financial institutions with real-time vessel tracking and AI-driven monitoring, both crucial for addressing the escalating challenges of trade-based financial crime.

/wholesale

Standard Chartered and Ant International demonstrate intra-group blockchain-based SGD settlement

Standard Chartered and Ant International today announced the successful completion of SGD-denominated liquidity transfers between its entities using Ant International’s blockchain-based Whale platform.

/payments

NatWest contracts with Capco for smooth transition to ISO 20022

NatWest has partnered with Capco, the global management and technology consultancy, to ensure a smooth transition for its systems and clients as the financial industry moves to adopt ISO 20022 for payments and reporting.

/wholesale

OCBC and Ant International sign cross-border payments MoU

OCBC and Ant International have formed a strategic partnership to enhance the efficiency and speed of cross-border fund settlements.

/wholesale

Standard Chartered and Ant International use blockchain for settlement of treasury transactions

Standard Chartered has used Ant Internal's Whale blockchain platform to deliver settlement of HKD-denominated intra-group transactions between various ANT entitites.

/wholesale

BofA sees 51% increase in companies using APIs for real-time treasury needs

The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs).

/Sibos

Chainlink Unveils New Privacy and Interoperability Solutions for Blockchain Adoption

At Sibos 2024, Sergey Nazarov, Co-Founder of Chainlink, highlighted the growing adoption of blockchain technology by asset managers, driven by efficiency gains in settlement, payments, and collateral management. Nazarov announced the launch of two key privacy-focused tools: the Blockchain Privacy Manager and CCIP Private Transactions, designed to ensure secure, private transactions across multiple blockchains. He also emphasised the importance of interoperability, introducing Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which aims to enable seamless asset and system integration in the evolving digital assets landscape.

/payments

AFP: Does the US need Faster Payments?

How much choice is too much choice? The second day of AFP in Nashville, Tennessee, saw BNY Mellon’s Sumner Francisco, Finzly’s Karuna Kathir, PTap Advisory’s Peter Tapling and Walmart’s Sarah Arnio, take to the stage to discuss the adoption and benefits of Faster Payments and the differences between rails such as instant payments, same-day ACH, and push-to-card transactions.

/wholesale

BNY and Mizuho forge trade finance pact

The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, and Mizuho Bank, Ltd. (“Mizuho Bank”), the banking arm of Mizuho Financial Group, Inc. (NYSE: MFG) and one of the largest full-service financial institutions in the world, jointly announced a landmark agreement for correspondent bank network connectivity for international trade.

/cloud

UAE’s National Bank of Fujairah (NBF) selects Intellect for wholesale banking on Microsoft Azure

Intellect Global Transaction Banking (iGTB), the transaction banking business unit from Intellect Design Arena Ltd is proud to announce its partnership with National Bank of Fujairah (NBF), an award-winning UAE-based full-service corporate bank, to enhance its digital capabilities.

/Transaction banking

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

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