Latest Transaction banking News: Finextra Research

Danish payments processor Nets close to $5bn buyout

Nets, the largest payments processor in Scandinavia, is rumoured to be close to a private equity buy-out that would value the company at more than $5bn, according to a report from the Financial Times.

01 September 2017

News/Transaction banking

Russian bank opens blockchain research centre

Russia has stepped up its plans to exploit the potential of distributed ledger technology (DLT) with the announcement that state-owned bank Vnesheconombank (VEB) is to open a blockchain research centre in Moscow.

30 August 2017

News/Transaction banking

France and Sweden's fintech ambitions get Brexit boost

The UK's divorce from the EU has led to France and Sweden gaining a larger share of the number of fintech deals done within the Union, according to the research firm CBInsights.

30 August 2017

News/Transaction banking

Hong Kong and Dubai pledge fintech allegiance

The respective regulators of the Hong Kong and Dubai financial markets have signed an agreement designed to further their mutual cooperation on all things fintech.

29 August 2017

News/Transaction banking

UK challenger bank launches as proptech market hots up

Redwood Bank, a new challenger bank providing mortgages to small businesses and professional landlords, has opened its doors four months after it was granted a banking license.

29 August 2017

News/Transaction banking

Frankfurt predicts Brexit jobs boost at London's expense

A recently published report states that, contrary to the fears of Brexit-sceptics, the UK's exit from the European Union will create as many as 80,000 new jobs - the majority of which will be in financial services. The only problem for Brexiteers is that the jobs will be in Frankfurt rather than London.

25 August 2017

News/Transaction banking

Estonia ponders launch of its own digital currency

In yet another demonstration of its reputation as the world's leading digital nation, Estonia is considering the introduction of its own government-backed digital currency.

24 August 2017

News/Transaction banking

Bank of Baroda calls for calm after big IT glitch

Customers of India's fourth largest state-owned bank, the Bank of Baroda (BoB), have been asked not to panic after a technical glitch caused thousands of accounts to be wrongly debited.

24 August 2017

News/Transaction banking

Bank of America applies AI to streamline client payment processing

Bank of America has worked with fintech startup High Radius to apply artificial intelligence to corporate processing of accounts receivables.

23 August 2017

News/Transaction banking

Australia regulates digital currencies

The Australian government has announced plans to strengthen its anti-money laundering rules with new reforms that will include digital currencies for the first time.

18 August 2017

News/Transaction banking

Infosys CEO quits after fall-out with founders

The CEO of Indian IT services giant Infosys has unexpectedly resigned, citing a falling out with the company's founders.

18 August 2017

News/Transaction banking

HSBC automates documentary trade processing with IBM

HSBC is applying optical character recognition and cognitive technology from IBM to automate the processing of paper documents in trade finance transactions.

10 August 2017

News/Transaction banking

RailsBank raises $1.2 million in funding

RailsBank, a fintech startup led serial entrepreneur Nigel Verdon that promises to provide access to global banking services with 5 lines of code, has raised $1.2 million in a funding round led by Firestartr

09 August 2017

News/Transaction banking

KBank to process Letters of Guarantee over distributed ledger framework

Thailand's Kasikorn Bank says that by 2018 it wants to process at least one-in-twenty electronic Letters of Guarantee in its corporate credit business over a new distributed ledger platform developed in concert with IBM

08 August 2017

News/Transaction banking

UniCredit among 30 banks to begin testing instant payments

UniCredit is preparing for the roll out of instant payment services to customers in Italy and Germany as it commences testing of EBA Clearing's RT1 real-time platform.

25 July 2017

News/Transaction banking

Corporates rally round Swift gpi

Six leading Swiss corporates with international operations - including ABB, Nestle, Roche, SBB, Swiss Re and Wurth – have issued an open letter in support of Swift's global payment innovation initiative to improve the speed, transparency and predictability of cross-border payments.

19 July 2017

News/Transaction banking

Barclays rides payments-as-a-service wave with investment in Form3

Barclays Bank has joined Angel Co-Fund and individual investors in a $5 million funding round for Form3, a provider of an API-based single point of access to the full universe of payment schemes.

18 July 2017

News/Transaction banking

Liquidshare DLT joint venture formed by seven-strong finance consortium

A Paris-based consortium of top-rank financial firms are to pool resources in the establishment of a joint venture company that plans to use distributed ledger technology to ease the post-trade processing of SME lending operations.

11 July 2017

News/Transaction banking

Intesa Sanpaolo invests in SME lender iwoca

Intesa Sanpaolo has made an undisclosed investment in SME lending platform iwoca.

11 July 2017

News/Transaction banking

Santander partners Tradeshift to unlock working capital for B2B market

Banco Santander has struck a deal with San Francisco-based Tradeshift to provide a suite of supply chain finance services to the 1.5 million companies operating on the startup's marketplace platform.

11 July 2017