Transaction banking

1378 articles tagged with this keyword

/payments

Bank of America launches AI-enabled CashPro Forecasting

Bank of America today announced the launch of CashPro Forecasting, a tool that uses artificial intelligence (AI) and machine learning (ML) technology to more accurately predict future cash positions across clients’ accounts at Bank of America and other financial institutions.

/wholesale

Bian updates Service Landscape

BIAN, the independent not-for-profit association, is today announcing the availability of Service Landscape 10.0 (SL 10.0).

/wholesale

Japan’s TIS Intec Group invests in digital trade finance network Contour

TIS INTEC Group, one of Japan’s leading IT services providers, has invested in Contour, the digital trade finance network.

/payments

User testing begins for new T2 system

Prospective users of the forthcoming large-value payment system T2 can start testing the functionalities of the system as of 1 December.

/wholesale

Icici Bank introduces online platform for Indian exporters and importers

ICICI Bank today announced the launch of an online platform, ‘Trade Emerge’), to offer comprehensive digital banking as well as value-added services to exporters and importers across India.

/cloud

Standard Chartered taps SAP Multi-Bank Connectivity cloud solution for corporate-to-bank integration

Standard Chartered has tapped the SAP Multi-Bank Connectivity solution and joined as a member bank, aiming to offer an enhanced experience to corporate clients in meeting their transactional banking needs, simplifying the onboarding process, and delivering both traditional and new banking services in real time.

/payments

MAS signals breakthrough in cross-border trade finance

Singapore’s Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), in collaboration with commercial partners DBS Bank, Emirates NBD and Standard Chartered, have successfully concluded the world’s first cross-border digital trade financing pilot of its kind.

/sustainable

Citi introduces sustainability-linked supply chain financing in Asia Pacific

Citi has launched its first Sustainability-linked Supply Chain Finance (SSCF) program in Asia Pacific with the aim of supporting clients as they advance their ESG priorities, improve the resilience of their supply chains and manage their working capital needs.

/wholesale

ION launches TreasuraSpark for cash management

ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, today announces the launch of TreasuraSpark, a simple to use cash management SaaS solution, to help high-growth organizations migrate from outdated spreadsheets to automated cash management.

/payments

Citi rolls out RTP-enabled real time digital bill payments

Building on its position as the world’s leading instant payments bank, Citi’s Treasury and Trade Solutions (TTS) division now facilitates digital bill payment for both institutional billers and their consumer customers via the RTP network, the real-time payment system from The Clearing House (TCH).

/wholesale

Contour teams with Gleif to enable LEI usage on digital trade finance network

Contour, the digital trade finance network, has partnered with the Global Legal Entity Identifier Foundation (GLEIF) to enable the use of Legal Entity Identifiers (LEIs) within its network and to financially support its members in obtaining their own LEI.

/startups

Centiglobe picks up €5 million in funding from Confidus

Confidus Venture Capital today announced that it has concluded an agreement to acquire an equity stake in Centiglobe, a Stockholm based Fintech company offering an Instant Global Payment platform. Peter Dahlgren will join the Board of Directors.

/wholesale

BNY Mellon joins trade finance blockchain network Marco Polo

BNY Mellon has joined a consortium working to introduce blockchain technology into international trade finance and digitize how working capital is provided to both suppliers and buyers across the globe.

/wholesale

RootAnt Global adds lending capabilities to Banco transaction banking platform

Singapore-based FinTech RootAnt Global, announced the introduction of its central lending platform, BANCR, into the existing BANCO platform, one of the first transaction neobank platforms in Asia.

/wholesale

Bank of China, DBS and HSBC join trade finance advisory group

Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium to build a blockchain-enabled operating system designed to redefine global trade, welcomes Bank of China (“BOC”), DBS Bank (“DBS”) and The Hongkong and Shanghai Banking Corporation Limited (“HSBC”), to form the consortium’s Trade Finance Advisory Group.

/security

Swift to run proof-of-concept trials of trade finance fraud tech from MonetaGo

MonetaGo, a financial technology solutions provider, today announced a new platform to combat financing fraud in trade finance on a global level.

/devops

Australian direct bank data feed provider SISS releases feeds for SAP customers

Australia’s largest independent provider of direct bank data feeds, SISS Data Services, has today released ACSISS Connect for SAP Business One. The new solution, available via SAP Business One partners, will enable SAP customers to receive their bank transaction data automatically each day, eliminating the traditional download/import or manual data entry process.

/Transaction banking

Finastra secures Swift Compatible Application label for Trade Finance

Finastra today announced that it is the first technology provider to secure the SWIFT Compatible Application label 2021 for Trade Finance.

/people

SmartStream hires Mark Morris to lead managed services sales

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces the appointment of Mark Morris as Head of Sales, Managed Services - to deliver technology and operational expertise across functions including reconciliations, corporate actions, collateral management, cash and liquidity management, fees and expense management, and reference data.

/payments

Citi introduces real-time liquidity sharing to corporate clients

Citi is pleased to announce the launch and rollout of a new global Real-Time Liquidity Sharing solution, addressing a pressing need for companies to secure improved efficiencies in liquidity and working capital.