Latest Transaction banking News: Finextra Research

UK FS firms see fight against cybercrime as major challenge

British financial services firms expect to increase IT spending at a healthy rate in the near future, according to a CBI/PwC survey which also shows that combatting cybercrime is a growing imperative for the industry.

27 March 2017

News/Transaction banking

Swift Business Forum, Canada - live blog

Welcome to Finextra's live coverage of the Swift Business Forum in Toronto. This year’s conference, on the theme 'building the future', will investigate how the financial industry is adapting in a fast-changing, digital world where new fintech entrants pose an opportunity and a threat, and cyber-crime is a growing problem.

22 March 2017

News/Transaction banking

Can banks really win in the payments business of the future? – new Finextra report

New research from Finextra finds that banks must re-evaluate their role in the payments industry due to growing demand from digitally driven customers, new regulation, pioneering technology and the need to prioritise innovation over legacy.

20 March 2017

News/Transaction banking

Fintech Pavillion to host Europe's top startups at EBAday 2017

Finextra and the Euro Banking Association are inviting some of Europe's most promising early-stage startups to present their ideas to banking delegates attending EBAday 2017, Europe's leading payments and transaction banking event.

10 March 2017

News/Transaction banking

Brexit to drive corporate banking shake up

Saxo Payments says the UK's exit from the European Union could have a devastating impact of bank-to-corporate relationships, with one-third of companiess surveyed by the bank considering moving their operations out of Britain when Article 50 is triggered.

09 March 2017

News/Transaction banking

IBM and Maersk advance blockchain project for global trade

IBM and transport and logistics outfit Maersk have unveiled a blockchain-based cross-border supply chain programme to manage and track the paper trail of tens of millions of shipping containers across the world.

06 March 2017

News/Transaction banking

Citi launches API for corporate treasurers

Citigroup has launched an API for payment initiation, payment status, and account balance inquiries at corporate treasury workstations and enterprise resource platforms.

28 February 2017

News/Transaction banking

QR code-based payment initiative rolls out in India

A government sponsored quick response(QR)code-based payment service, IndiaQR, has launched today in India, heralding the next major step in its ambition to be a cashless society.

20 February 2017

News/Transaction banking

Standard Chartered connects corporate customers to WeChat

Standard Chartered has aligned its cash management offering with WeChat's online payment gateway, giving corporate merchant customers access to 800 million consumers in China.

17 February 2017

News/Transaction banking

Registration opens for EBAday 2017

Registration has opened for EBAday 2017, Europe's pre-eminent payments conference and exhibition, which will be staged this year in Dublin.

17 February 2017

News/Transaction banking

Ripple's XRP asset boosted by BitGo linkage

Ripple's efforts to build an active ecosystem around its XRP digital asset has been boosted by a deal with virtual currency processor BitGo.

16 February 2017

News/Transaction banking

Standard Chartered debuts API sandbox for corporate community

Standard Chartered has launched an Open Banking Application Programming Interface (API) Developer Portal with an initial focus on its transaction banking business.

10 February 2017

News/Transaction banking

IBM and Dubai Government initiate blockchain logistics initiative

IBM is collaborating with Dubai Customs, Dubai Trade and its IT provider Dutech, to explore the use of blockchain technology for the import and re-export process of goods in and out of Dubai.

07 February 2017

News/Transaction banking

Swift takes Startup Challenge to Africa and Russia

Swift innovation unit Innotribe is inviting young fintech firms in Russia and Africa to apply for participation in two distinct Startup Challenge programmes.

31 January 2017

News/Transaction banking

Citi ditches physical tokens for app-based login to corporate platforms

Citi is replacing physical tokens with an app-based mobile log-in for authentication of corporate treasury professionals logging in to the bank's online platforms.

27 January 2017

News/Transaction banking

Swift goes deeper into the blockchain

Interbank payments network Swift is stepping up its exploration of the blockchain, launching a new proof of concept test to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.

12 January 2017

News/Transaction banking

Commerzbank creates corporate transformation programme

Commerzbank has created a networked platform bringing together SMEs, innovation partners and startups to help its corporate clients prepare for a digital future.

10 January 2017

News/Transaction banking

Professor predicts 'major bank will fail' from cyber attack in 2017

The chairman of the UK's National Cyber Management Centre (NCMC) has warned that "a major bank will fail as a result of a cyber attack in 2017" leading to "a loss of confidence and a run on that bank".

06 January 2017

News/Transaction banking

India's SBI to launch digital-only bank

The State Bank of India (SBI), the country's largest lending institution is to experiment with branchless banking after announcing plans to launch a digital-only bank later this year.

06 January 2017

News/Transaction banking

US regulator cites fintech as risk to banking system

Emerging financial technology poses a threat to US banks that are unable to compete with this developing field, according to an official report from the US Office of the Comptroller of the Currency (OCC).

06 January 2017