Transaction banking

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/Transaction banking

Iccrea contracts Appian's low-code platform for automation

Appian (NASDAQ: APPN) announced today that the newly formed Iccrea Banking Group, created from a merger of hundreds of small Italian Cooperative Credit Banks (BCCs), has chosen the Appian low-code platform to digitize and automate key banking processes

/Transaction banking

Tribe Payments granted Mastercard certification

Tribe Payments, a team of industry experts dedicated to delivering the future of payments, has secured certification from Mastercard as an issuer and acquirer processor across Europe.

/Transaction banking

Ireland's Priviti and Aussie fintech Accurassi partner for Open Banking

As Australia prepares for Open Banking and its equivalent of the GDPR – the Consumer Data Right – Priviti, a global fintech and regtech company with offices in Ireland, London, Singapore and Sydney, has announced a partnership agreement with Australian fintech company Accurassi.

/Transaction banking

Yoyo appoints former Mastercard exec as new chairman

Yoyo’s board of directors has today announced that David Yates, former president of New Payment Platforms at Mastercard and now a senior advisor to Mastercard, has taken on the role of chairman of the award-winning technology platform that combines payment, loyalty and marketing to increase customer lifetime value for physical and online retailers.

/Transaction banking

89% of merchants 'primed for open banking' says Nuapay research

Eighty-nine percent of airline, supermarket and subscription economy merchants are primed for Open Banking and have assessed the impact it will have on their business a new piece of research commissioned by Nuapay, a Sentenial company, has revealed.

/Transaction banking

TransferMate launches API for cross-border B2B payments

TransferMate, one of the world’s leading cross-border B2B payments providers, today at Money2020 Europe in Amsterdam launched the TransferMate API, allowing software partners and business customers access to its globally regulated payments technology through direct integration.

/Transaction banking

Paybase joins Startup Grind's accelerator programme

Leading payments solution Paybase has been selected to be part of Startup Grind’s 2019 Accelerate programme.

/Transaction banking

FIME launches testing platform for digital payments

FIME continues innovation and adapts testing in line with the rapid digital transformation of the global payments industry.

/Transaction banking

HeyDay Europe selects Cashfac for virtual accounts platform

Following a competitive selection process, we are delighted to announce that HeyDay Europe has signed a partnership agreement with Cashfac to provide their Virtual Accounts platform.

/retail

Research casts doubt on future of high street banking

A quarter of the UK (25%) believe the high street bank will be ‘dead’ in five years, according to new research conducted by Contis, the banking and payments solution provider.

/Transaction banking

SMEs benefit from cashless payments says study

The trend of card payment at the point of sale (POS) continues in Germany: Today more than half (52%) of customers prefer to pay cashless. This development towards digital payment offers significant potential for increases in sales and efficiency as well as cost reduction for small and mid-sized enterprises (SMEs).

/Transaction banking

Pannovate and Bankingblocks join forces to offer platform for neobanks

Successful banking disruptor Bankingblocks and smart solutions provider Pannovate Limited have partnered to bring to market a complete banking solution for neo and challenger banks.

/Transaction banking

Penta appoints new CEO

The digital business banking provider Penta is expanding its management team.

/Transaction banking

CBM Connects to NSD’s Swift Service Bureau

Credit Bank of Moscow (CBM) has connected to the SWIFT Service Bureau of National Settlement Depository (NSD).

/Transaction banking

FSB updates on work to address decline in correspondent banking relationships

The Financial Stability Board (FSB) today published two reports as part of its work:

/Transaction banking

Marco Polo blockchain network completes EU to Asia trade transaction

Bangkok Bank and Commerzbank have jointly run an international trade transaction based on Distributed Ledger Technology (DLT).

/Transaction banking

New data on correspondent banking networks shows 20% reduction in relationships over seven years

The number of correspondent banking relationships has shrunk by 20% over the past seven years, according to analysis of new data, published today by the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing and settlement services.

/Transaction banking

ICC warns of regulatory overkill in trade finance sector

The International Chamber of Commerce (ICC) Banking Commission has today released a whitepaper urging the trade finance industry to work together to ensure that regulation does not hinder the availability of trade finance and remains relevant in a digital landscape.

/Transaction banking

OCBC and Bank of Shanghai enter collaboration pact

OCBC Bank and Bank of Shanghai deepened their strategic partnership and laid down the groundwork for future progress with the signing of an MOU on 24 May 2019 at the inaugural Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) meeting in Shanghai.

/Transaction banking

BCS Global Markets launches international payments service

The London-based business of BCS Global Markets (BCS GM) which obtained its transaction banking license in 2018 is launching an advanced global payments service, BCS Global Markets: International Payments.

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