876 articles tagged with this keyword
News/Transaction banking
Barclays Bank and accelerator graduate Wave have executed a live Letter of Credit transaction between Ornua - the Irish Dairy Board - and Sychelles Trading Company on a distributed ledger based system.
07 September 2016
A consortium of 15 Japanese banks are to work with blockchain joint venture SBI Ripple Asia, to build a new payments platform promising round-the-clock real-time settlement for cross-border and domestic funds transfers.
23 August 2016
Swift is to push the gospel of global interoperability for the ISO 20022 messaging standard to the very top of the payments food chain with the formation of a High Value Payment taskforce comprised of global banks and major market infrastructure providers.
18 August 2016
United Overseas Bank is training more than 100 commercial bankers on alternative financing as it deepens support for startups through its recent $10 million investment in equity crowdfunding platform OurCrowd.
17 August 2016
Blockchain technology will fundamentally alter the way financial institutions do business, according to a report from the World Economic Forum.
12 August 2016
Bank of America Merrill Lynch, HSBC and the Infocomm Development Authority of Singapore have claimed success in demonstrating the application of distributed ledgers to replace paper-based Letters of Credit in trade finance transactions.
10 August 2016
Innotribe, the innovation arm of Swift, is expanding its capacity at the messaging co-operative's annual Sibos jamboree by 50%, but don't expect any chat about distributed ledger technologies, which has now been swallowed up by the mainstream event.
08 August 2016
Visa, MasterCard, WorldPay and others in the payments sector can relax: Bitcoin will remain a niche player and blockchain technology poses little risk, according to a new report from Credit Suisse, which has less comforting news for Swift.
05 August 2016
MasterCard and PayPal have engaged in a "constructive dialogue" about a possible strategic alliance, according to a report in the Financial Times.
29 July 2016
Standards have the potential to strengthen and speed up fintech development in the UK, according to a paper recently published by BSI.
28 July 2016
Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) is set to embark on a second management reorganisation within 14 months in anticipation of a further push of its digital banking plans, according to Bloomberg.
The Payment Systems Regulator (PSR) has called for an overhaul of the UK's payments infrastructure to generate more competition and meet consumers' needs.
Lloyds Banking Group is accelerating its cost-cutting drive by announcing more job cuts and branch closures despite doubling its profit in the first half of 2016.
A 98% fall in second quarter earnings has led Deutsche Bank to warn investors that it may need to cut more costs
27 July 2016
South Africa's payments body has released a standard to enable biometrics to be used on payment cards and to herald what it hopes will be an industry-wide roll-out of fingerprint banking.
Four Australian banks are joining forces to negotiate with Apple and be allowed to offer their own payment services on the tech giant's hardware.
In a further post-Brexit boost to the UK's fintech sector, a New York-based blockchain consortium is to open a London office.
26 July 2016
Distributed ledger technology could help with damage limitation in the event of service disruptions, as the paper ‘How to get a head on operational resilience’ discusses.
25 July 2016
Venture capitalists have invested more than $200m in UK tech startups in the month following the controversial Brexit vote, allaying fears that London's growing tech sector would be one of the first casualties of the withdrawal from the European Union.
MasterCard is considering an application to become a licenced payment services provider in China, according to Reuters.
22 July 2016
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