Transaction banking

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/Transaction banking

Security experts struggle in search for WannaCry clues - Reuters

Efforts by IT security researchers to get to the bottom of the recent ransomware attack have been hampered by an inability to find early traces of the so-called WannaCry strain, according to research commissioned by Reuters and conducted by security ratings firm BitSight.

/Transaction banking

Swift launches cyber-threat intelligence service

Interbank co-operative Swift has launched an 'Information Sharing and Analysis Centre' to provide member banks with timely intelligence on the latest trends in cyber-security.

/Transaction banking

EBAday 2017: Towards full payments digitalisation

A host of board directors, chief financial officers and payments and technology heads from Europe's leading banks have confirmed their participation in the conference programme for the twelfth annual EBAday, taking place this year in Dublin between the 20th and 21st June.

/Transaction banking

Bank of England to take over running of Chaps as RTGS make-over comes onstream

The Bank of England is to take over the direct running of the UK's Chaps high value payment system as part of a blueprint for a rebuild of its real-time gross settlement platform to accommodate new market entrants and a future-proofed interface to distributed ledger technology.

/Transaction banking

Correspondent banking wilts under weight of compliance red-tape

The correspondent banking model governing bank-to-bank relationships is being eviscerated under the increasing weight of compliance challenges, experiencing a 25% drop in global connections over the past eight years, according to research from financial crime vendor Accuity.

/Transaction banking

Mizuho to go live with DLT-based trade finance application

Mizuho Bank is preparing to conduct its first live trade financing transactions over a distributed ledger developed in association with IBM.

/Transaction banking

Six global banks join Swift DLT trials

Interbank messaging network Swift has rounded up an initial group of six leading correspondent banks to participate in proof-of-concept trials to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.

/Transaction banking

Swift Business Forum, London - live blog

Welcome to Finextra's live coverage of the Swift Business Forum in London. This year’s conference will focus on the key issues affecting the financial industry, particularly as they impact UK and global markets. In an ever-increasing ‘instant’ world, the agenda will look at how financial institutions can stay resilient and secure, while continuing to innovate and navigate change.

/Transaction banking

AccessPay sets sights on US market with £2 million debt financing

Manchester, UK-based payments router AccessPay has secured £2 million in debt financing from Clydesdale and Yorkshire Bank amid plans for a recruitment drive and expansion into US markets.

/Transaction banking

Token raises $15.7 million as PSD2 approaches

API-based transaction network Token has secured $15.7 million in Series A funding from major investors including Octopus Ventures, EQT Ventures and OP Financial Group as it bids to capitalise on opportunities from the forthcoming implementation of the PSD2 directive in Europe.

/Transaction banking

BBVA runs live funds transfers over Ripple

BBVA has run its first live cross-border transaction using the Ripple protocol.

/Transaction banking

Apac banks suspicious about fintech consortiums

A research paper has revealed a level of scepticism among Asia Pacific banks when it comes to joining forces with fintechs.

/Transaction banking

Chancellor and BofE governor bang the post-Brexit drum for UK fintech

Phillip Hammond, the UK Chancellor, has highlighted the critical role played by fintech in helping the UK to mitigate any negative economic impact that may result from Brexit.

/Transaction banking

DLT still not mature enough says ECB

The European Central Bank (ECB) has stated that blockchain technology lacks the necessary maturity to be part of its market infrastructure.

/Transaction banking

UK calls for global fintech regulations

The UK's Financial Conduct Authority (FCA) has called for an international regulatory framework to be applied to fintech startups in order to prevent a 'Wild West' approach to governance of the sector.

/Transaction banking

Kaspersky Labs links North Korea to Bangladesh Bank heist

Security outfit Kaspersky Labs has become the latest voice to raise the possibility that North Korea was involved in last year's $81 million Bangladesh Bank cyberattack.

/Transaction banking

Visa and top UK banks get behind launch of Amazon Business

Visa and four of the UK's leading banks are partnering with Amazon on the launch of a new commercial marketplace for businesses shopping on the popular e-commerce site.

/Transaction banking

HSBC partners TradeShift to digitise the corporate supply chain

HSBC is partnering with Danish business commerce platform TradeShift to bring streamlined digital finance and working capital to corporate supply chains.

/Transaction banking

Switzerland prepares for mass-market migration to ISO 20022 standard

Switzerland has started the countdown to a mass-market switch to the ISO 20022 standard for payments harmonisation across all consumer, corporate and bank payments, an initiative billed as the country's biggest financial infrastructure project in 390 years.

/Transaction banking

Nordea strikes mobile money deal with fintech startup Betalo

Exemplifying the ongoing trend for large banks to join forces with smaller fintech companies, Stockholm-based Betalo has struck a deal with Nordea to offer its mobile money service to the bank's 1.8 million private customers.