Transaction banking

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/Transaction banking

Central banks urge industry wide take-up of strategy to improve wholesale payments security

The Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing, settlement and related arrangements, urges stakeholders to pursue a common strategy to improve the security of wholesale payments that involve banks, financial market infrastructures and other financial institutions.

/Transaction banking

UK and US banks in danger of losing SME customers to digital competition

A new study from financial services technology leader FIS™ (NYSE: FIS) has identified key gaps in the performance of larger U.S. and U.K. banks in serving the needs of their critical small and mid-sized business (SMB) client base.

/Transaction banking

Mansion House Consulting hires Jitu Parmar from Swift to advisory role

Mansion House Consulting (MHC), an award-winning IT and technology consultancy specialising in the Financial Services sector, today announced the hiring of Jitu Parmar as a Strategic Advisor.

/Transaction banking

DBS launches real-time cross-border payment tracking for all corporate and SME clients

More than 200,000 of DBS’ corporate and SME clients will now be able to benefit from better cashflow visibility through real-time cross-border payment tracking.

/Transaction banking

Paper.id presses for e-invoicing in Indonesia

In a fast developing country like Indonesia, there are still many SME’s that ignore prudent financial management.

/Transaction banking

HSBC goes live with Swift gpi

HSBC, one of the world’s largest banks, has joined SWIFT’s global payments innovation (gpi) service.

/Transaction banking

Palette Software introduces a new cloud-based Purchase-to-Pay service

Palette Software, a leading provider of accounts payable automation and purchase to payment software, has announced the launch of PaletteOnline, a new cloud solution that enables customers to access an end-to-end P2P solution via the cloud, guaranteeing optimal functionality, security and scalability.

/Transaction banking

Standard Chartered partners with CDC on $150 million supply chain finance programme

CDC Group (“CDC”), the UK’s development finance institution, and Standard Chartered Bank (“Standard Chartered”) have today announced the signing of a memorandum of understanding for a supply chain finance programme that will increase financing for SME suppliers in Africa and South Asia, thereby boosting economic growth and trade opportunities.

/Transaction banking

Centtrip launches instant payments

Fintech pioneer Centtrip has just launched a revolutionary payment service with the potential to save businesses substantial amounts of money and reduce transaction times to literally seconds.

/Transaction banking

Equiniti Riskfactor expands into Canadian market through deal with Baron Finance

Equiniti Riskfactor is pleased to announce its first Canadian client, Baron Finance, a financial services provider specialising in asset-based lending, invoice factoring, purchase order financing and accounts receivable funding.

/Transaction banking

Sage partners Stripe for digital invoicing

Sage, the market leader in cloud business management solutions, today announced its partnership with Stripe, putting digital invoicing capabilities in the hands of businesses of all sizes.

/Transaction banking

Liberis secures £57.5m in funding

Leading small business finance provider, Liberis, has secured £57.5m in combined funding from British Business Investments, Paragon Bank, BCI Finance, and Blenheim Chalcot.

/Transaction banking

Tungsten Network extends analytics offering to accounts receivable

Tungsten Network has extended its analytics offering to include accounts receivable dashboards, allowing the 300,000 customers on its network to glean deeper insight into their cash flow and manage their finances more effectively.

/Transaction banking

IBSFINtech collaborates with Thomson Reuters for treasury management

IBSFINtech India Pvt. Ltd., a leading provider of comprehensive, innovative & integrated Corporate Treasury Management solutions, today announced that it has collaborated with Thomson Reuters to power their Treasury Management Solution with trusted & timely financial market data for corporations.

/Transaction banking

DBS targets 30% reduction in corporate cheque payments by 2020

To help corporate clients keep in step with changing consumer behaviour where digital payments are becoming more popular, DBS bank today announced that it would help its corporate clients reduce cheque usage by at least 30% in the next 24 months.

/Transaction banking

NAB launches online app store for merchants

NAB has today announced it has launched NAB Marketplace, where businesses can download apps to their merchant terminals to develop their business and bring an innovative value-added experience to their customers.

/Transaction banking

ICICI Bank launches social media-based cross-border remittance service

ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of a service that enables Non Resident Indians (NRIs) to send money to a beneficiary in India using social media like WhatsApp and e-mail.

/Transaction banking

Lloyds teams up with Planixs for enhanced liquidity management

Planixs today announced that it has formed a strategic partnership with Lloyds Banking Group that will improve the Bank’s intraday cash and liquidity management capabilities and ensure its compliance with the Basel committee’s BCBS248 intraday monitoring regime.

/Transaction banking

Crédit Agricole and Wirecard team up for digital payment partnership

Crédit Agricole Payment Services (CAPS), a fully-owned subsidiary of Crédit Agricole, and Wirecard, one of the leading companies in digital financial technology, have signed a comprehensive contract to start their next generation digital partnership in payment services.

/Transaction banking

Starling Bank moves into business banking

Starling Bank, after recently being voted the Best British Bank, has today become the first fully licensed mobile-only bank to launch business accounts for small businesses and entrepreneurs in the UK.