Transaction banking

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/Transaction banking

JP Morgan launches cross-border digital payments in China

The leading global financial institution J.P. Morgan today announced the launch of E-Customs Payment Solution, making it the first foreign bank in China to offer a solution that fully digitizes and automates cross-border payments of goods. The solution solves common pain points associated with the manual nature of such transactions.

/Transaction banking

IOSCOcalls for adherence to cyber risk standards

The Board of the International Organization of Securities Commissions (IOSCO) today issued a final report that provides an overview of three internationally recognized cyber standards and frameworks used by IOSCO members.

/Transaction banking

Pico appoints new CCO

Pico, a leading infrastructure, connectivity, cloud technology, data and analytics services provider to the financial services industry, today announced the appointment of Emma Wheeler as Pico’s Chief Commercial Officer for Europe, the Middle East and Africa (EMEA) starting this July.

/Transaction banking

Model Office launches financial stress-test tool

Regulatory technology firm, Model Office, today announces the launch its new financial stress-test tool that will help advice firms easily identify areas they should focus their operational efforts to help them grow their businesses profitably and efficiently.

/Transaction banking

HSBC calls on Identitii for tokenisation technology

Identitii Limited (Identitii, Company) (ASX:ID8), an Australian FinTech enabling the secure overlay of transaction level detail on top of financial messages using a private blockchain, advises that its customer, HSBC has announced the launch of its Digital Accounts Receivable Tool (HSBC DART) using Identitii’s innovative tokenisation technology, to its corporate clients in India.

/Transaction banking

OKCoin and Simplex team up for dollar deposits

OKCoin (www.okcoin.com), a leading fiat-focused digital asset exchange, announced today that it has partnered with Simplex, a FinTech company providing payment processing solutions, to enable international users to make USD deposits via debit or credit card.

/Transaction banking

APAC mobile wallet market to exceed $140bn by 2024 - report

Global APAC Mobile Wallets Market is set to grow from its current market value of more than $35 billion to over $40 billion by 2024; according to a new research report by Global Market Insights, Inc.

/Transaction banking

Form3 and Ebury awarded grant for building API-based payments platform

The Board of Banking Competition Remedies Ltd (BCR) has announced today that Form3 in partnership with Ebury Partners are awarded £5m funds of the Capability and Innovation Fund Pool D grant.

/Transaction banking

Digital bank launches in Cambodia

Chip Mong Bank (CMCB) - a newly established bank and subsidiary of local conglomerate Chip Mong Group - chose Compass Plus’ TranzWare to help realise its vision and kick-start its operations in Cambodia.

/Transaction banking

Paysend launches new stablecoin

Paysend launches a new revolutionary solution for global payments, leveraging the transparency of blockchain technology and a well-established global network.

/Transaction banking

Credit Suisse-backed Tradeplus24 launches in Australia

Credit Suisse-backed alternative lending start-up, Tradeplus24, is soon launching into Australia from its headquarters in Switzerland as the first step in its international expansion plans after raising 120 million Swiss francs (AUD173.6 million) in debt and equity in February.

/Transaction banking

Traydstream, Nokia and three banks team to pilot AI-based rules engine

Traydstream, the machine learning-based trade rules and compliance-checking platform, is excited by a new pilot partnership with Finnish multinational exporter, Nokia Corporation and several of its major advising banks.

/Transaction banking

Surecomp’s COR-TF secures Swift Certification

Surecomp, the global trade finance fintech leader announced today that COR-TF, a multi-bank corporate trade finance solution, has been awarded the “SWIFT Certified Application – Trade and Supply Chain Finance for Corporates” label for the eighth consecutive year.

/Transaction banking

Entrust Datacard completes nCipher Security acquisition

Entrust Datacard, a leading provider of trusted identity and secure issuance technology solutions, completed its previously-announced acquisition of nCipher Security, formerly Thales's market-leading general purpose hardware security module (HSM) business.

/Transaction banking

Alogent acquires lending software provider Finance Genius

Alogent (www.alogent.com, @AlogentCorp), a global banking and financial software leader, serving banks and credit unions in the U.S. and abroad, today announced the expansion of its product portfolio with the acquisition of the FinanceGenius™ suite of lending software from IntelliEngines, Inc.

/Transaction banking

Line Pay and Visa partner for digital payments

LINE Pay Corporation, operator of digital wallet and fintech services on the LINE messaging app, and Visa (NYSE: V), the global payments leader, today announced a strategic partnership that will see them create new financial services experiences for their collective user bases of millions of consumers and merchants worldwide

/Transaction banking

Icon appoints European head as it eyes expansion

Icon Solutions, a leading Fintech provider of payment and technology solutions, is delighted to announce the appointment of Gema Montoya as Head of Continental Europe.

/Transaction banking

Visa and Western Union strike strategic alliance

Today, Visa (NYSE:V) announced a new strategic agreement with Western Union (NYSE:WU), a global leader in cross-border, cross-currency money movement.

/Transaction banking

Fingopay adopts Cardstream's Open payment network

Fingopay, the biometric payment solution using VeinID technology, has today announced the adoption of Cardstream’s Open Payment Network to support its growth and expansion in the UK.

/Transaction banking

Banks see benefit of digitalisation as they strive for profitability - report

The European banking industry continued to struggle with structural earnings problems in 2018

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