Transaction banking

890 articles tagged with this keyword

/Transaction banking

BNP Paribas applies blockchain technology to corporate payments

BNP Paribas has completed its first live cross-border B2B payments between corporate clients using blockchain technology.

/Transaction banking

Turkey's Akbank facing $4m liability after hack

One of Turkey's largest banks could be liable for up to £4 million after suffering a cyber attack on the SWIFT global money transfer system, according to Reuters.

/Transaction banking

Banks should be liable for scam victims' losses says consumer group

Consumer group Which? has accused the UK's Payment System Regulator (PSR) of letting banks off the hook by not forcing them to reimburse customers who fall victim to online money transfer scams.

/Transaction banking

Citi backs blockchain startup

Citi has invested an undisclosed sum in Cobalt, a blockchain startup aiming to bring distributed ledger technology to the processing of foreign exchange trades.

/Transaction banking

Santander invests in B2B supply chain platform Tradeshift

Santander's global venture capital fund has made its latest portfolio investment in supply chain platform Tradeshift.

/Transaction banking

Lloyds opens International Trade Portal for UK businesses

Lloyds Bank has launched an online portal to help British companies expand their business to overseas markets.

/Transaction banking

BNY Mellon treasury business creates global innovation unit

BNY Mellon has created a new global innovation group in the company's treasury services business and appointed MD Christopher Mager to head up the operation.

/Transaction banking

SOFE Berlin: Cyber security worries dominate closing debate

Swift's European operations forum in Berlin ended where it began, with a high-powered debate on the ability of the world's banks to combat an escalating cyber threat.

/Transaction banking

A third of London's City workers could face relocation in wake of Brexit - survey

Almost one in three workers in London face an uncertain future over their employer's plans to relocate the business.

/Transaction banking

SOFE Berlin: Social media and IoT providing a goldmine for hackers

White hat hackers at Sophos gained access to administrative rights at a New York bank using a social engineering technique that leaned on the creation of a bogus profile on LinkedIn.

/Transaction banking

SOFE Berlin: Swift unveils blockchain proof-of-concept

Swift has taken the wraps off its first blockchain proof-of-concept and pledged to become more vocal and engaged with the community in driving the application of the technology at both an industry level and embedded within its own member-owned network.

/Transaction banking

SOFE Berlin: Cyber security and innovation take centre stage

Payments professionals from across Europe, Middle East and Africa have been gathering in Berlin for Swift's Operations Forum Europe conference to learn first hand how the interbank co-operative is dealing with ongoing security issues and new technology innovations in banking and finance.

/Transaction banking

R3 shakeout continues as Santander bows out

More departures expected as inevitable streamlining follows over-heating of blockchain consortia space.

/Transaction banking

ABN Amro applies blockchain tech to the logistics sector

ABN Amro is working with Dutch university TU Delft and a host of other partners to test the use of blockchain technology in the logistics sector.

/Transaction banking

Singapore and international banks to construct interbank blockchain network

The Monetary Authority of Singapore (MAS) is partnering R3 and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using blockchain technology.

/Transaction banking

Tungsten agrees sale of banking business

Supply chain finance outfit Tungsten has won approval from UK regulators for the sale of its banking offshoot to Wyelands Holdings.

/Transaction banking

SEB to build Ripple-flavoured blockchain payments network

SEB is to use blockchain technology from Ripple to enable customers to make real-time intra-bank transfers between accounts in Stockholm and New York.

/Transaction banking

Latin American banks turn to Swift to combat de-risking threat

Eight Latin American central banks have signed up to adopt Swift's sanctions screening service and KYC Registry in an effort to combat the threat posed to the region by de-risking measures imposed in correspondent banking relationships.

/Transaction banking

DLT: clearing away the payments debris?

Distributed ledger technology has the potential to ease a host of operational pain points with UK payment systems and could be particularly useful for reference data databases, a report from Whitechapel Think Tank (WTT) suggests.

/Transaction banking

APIs and open banking win most airtime at Sibos 2016

Blockchain still high on the agenda according to Finextra’s review of discussions in Geneva, while excitement about AI grows