Latest Transaction banking News: Finextra Research

US regulator considers new framework for fintechs

A key US banking regulator is set to develop a framework for governing new fintech startups, according to the Wall Street Journal (WSJ).

29 March 2016

News/Transaction banking

Dutch central bank in digital currency plan

The Netherlands' central bank, De Nederlandsche bank (DNB) could be planning to develop its own digital currency based on blockchain technology.

29 March 2016

News/Transaction banking

Swift Nordics Regional Conference 2016 - Live Blog Day 2

The Swift Nordics Regional Conference 2016 in Oslo is focusing on how to effectively harness disruptive trends and deliver practical, real world change to the financial industry. Over the course of two days, the programme will examine challenges and opportunities in the Nordics and beyond, and assess how new technologies, changing business models and collaborative ways of working pave the way for the future.

09 March 2016

News/Transaction banking

Swift Nordics Regional Conference - Live Blog Day 1

The Swift Nordics Regional Conference 2016 in Oslo is focusing on how to effectively harness disruptive trends and deliver practical, real world change to the financial industry. Over the course of two days, the programme will examine challenges and opportunities in the Nordics and beyond, and assess how new technologies, changing business models and collaborative ways of working pave the way for the future.

08 March 2016

News/Transaction banking

Financial services set for a fundamental shake-up - Deloitte

The emergence of a raft of disruptive technologies and trends will fundamentally transform the financial industry over the next five to ten years, says Deloitte.

04 March 2016

News/Transaction banking

Registration opens for EBAday 2016

Registration has opened for EBAday 2016, Europe's pre-eminent payments conference and exhibition, which will be staged this year in Milan.

04 March 2016

News/Transaction banking

RBC tests distributed ledger for remittances and loyalty programme

The Royal Bank of Canada (RBC) is the latest financial services giant to go public with its distributed ledger progress, confirming that it is working with Ripple on cross-border payments and experimenting with a blockchain-based loyalty platform.

26 February 2016

News/Transaction banking

Citi hits $1 trillion mark in institutional mobile banking

Citi has crossed the $1 trillion transaction value milestone in global institutional mobile banking just five years after it started letting clients handle their money through handsets.

24 February 2016

News/Transaction banking

Ripple boasts it can slash banks' global settlement costs

Ripple claims that its network and native currency could save banks up to 60% on costs associated with global interbank settlements.

23 February 2016

News/Transaction banking

JPMorgan tests blockchain for dollar transfers; strikes Starbucks deal

JPMorgan Chase is testing the use of distributed ledger technology to move US dollars between London and Tokyo, working with about 2200 clients on the trial ahead of possible live transactions later in the year.

23 February 2016

News/Transaction banking

Markit/Genpact KYC utility expands into Asia

Kyc.com, the joint venture data sharing utility between Markit and Genpact, is to extend its service to Hong Kong and Singapore and onboard new banking partner Standard Chartered.

18 February 2016

News/Transaction banking

UK alternative finance market slips into mainstream as institutional investors pile in

The UK's alternative finance market experienced its first year-on-year slowdown in growth in 2015, despite increased involvement by large institutional investors, according to figures published by Cambrdige University.

18 February 2016

News/Transaction banking

Bank cost-cutting driving uptake of financial industry utilities

Top tier banks are increasingly open to the adoption of utility-based shared service models to drive down costs and increase efficiency in back office and compliance functions, according to research conducted by Finextra.

17 February 2016

News/Transaction banking

Swift role in Target2 up for grabs; ECB ponders blockchain prospects

Interbank payments network Swift may lose its status as the sole network supplier to the European Central Bank's Target2 real-time gross settlement (RTGS) platform as the Eurosystem enters consultation on the future for payments and settlement across the eurozone.

16 February 2016

News/Transaction banking

Deutsche Bank calls for co-operation with fintech firms on B2B services

Deutsche Bank has become the latest financial services giant to call on its industry to hug the hoard of upstart fintech rivals close, concluding that co-operation, not competition, is the wisest approach in the business-to-business payments arena.

10 February 2016

News/Transaction banking

SIA signs letter of intent for EBA Clearing instant payments platform

EBA Clearing has signed a letter of intent with Italian ACH SIA to develop a pan-European real-time payment system by the fourth quarter of 2017.

09 February 2016

News/Transaction banking

BNP Paribas completes blockchain for transaction banking hackathon

BNP Paribas has confirmed its commitment to the distributed ledger movement in finance after completing its first 'Blockchain Bizhackathon' in the transaction banking arena.

02 February 2016

News/Transaction banking

Payments UK launches Sepa directory and open API

Trade association Payments UK has launched a directory designed to make it simpler for anyone making cross-border payments into Britain to check routing data.

01 February 2016

News/Transaction banking

Iranian banks get green light to reconnect to Swift

Four years after taking the unprecedented step of barring Iranian banks from the Swift network, the Belgian-based co-operative is preparing to welcome the country's banks back into the fold following verification of a political agreement reached with Western powers over Iran's nuclear ambitions.

18 January 2016

News/Transaction banking

Earthport creates single API for access to distributed ledgers

UK-based payment network Earthport has launched a single API to connect banks to Ripple's distributed ledger protocol when processing cross-border payments.

12 January 2016