Latest Transaction banking News: Finextra Research

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

News/Transaction banking

Crazy fintech predictions for 2016

Pascal Bouvier, newly installed as a venture partner with Santander Innoventures fintech venture fund, dusts off his crystal ball and peers into the not-too-distant fintech future.

04 January 2016

News/Transaction banking

2015: That was the year that was

As Finextra pulls the shutters down on 2015, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 4 January 2016.

23 December 2015

News/Transaction banking

Regulatory costs force loss-making Tungsten out of banking

Supply chain finance outfit Tungsten is selling its banking unit for £30 million as a key part of a strategic review aimed at reviving the flagging business as it reported widening first half losses.

17 December 2015

News/Transaction banking

JPMorgan adds two tech heads to its European board

US bank JPMorgan Chase and Co has recruited the technology heads of two FTSE100 companies to serve as non-executive directors, according to a report by the Wall Street Journal.

11 December 2015

News/Transaction banking

Firms focus spending on smaller fintech deals

Capital market firms have little appetite for investing in large-scale fintech projects and are instead showing an overwhelming preference for cheap, short-term projects according to research.

11 December 2015

News/Transaction banking

Swift bids to save correspondent banks from extinction

With the role of the middle man in financial services increasingly under threat from a host of new startups and technologies, international banking co-operative Swift has stepped in with a range of service level agreements intended to differentiate and improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments.

10 December 2015

News/Transaction banking

Microsoft blockchain-as-a-service embraces Ripple

Microsoft is working with Ripple to add a pure play transactional financial services angle to its recently released blockchain-as-a-service (BaaS) toolkit.

08 December 2015

News/Transaction banking

EPC publishes proposals for pan-European instant payments scheme

The European Payments Council has released proposals for the design of a pan-European instant credit transfer scheme, with the aim of bringing real-time money transfers across the Sinlge Euro Payments Area (Sepa) by November 2017.

27 November 2015

News/Transaction banking

France calls for Swift payments data access in fight against terrorism

In the wake of the Paris attacks, France's finance minister, Michel Sapin, says that European authorities need better access to Swift data in the fight against terrorism.

24 November 2015

News/Transaction banking

Finextra Q&A: Ben Milne, CEO, Dwolla

Ben Milne, who founded Dwolla in 2008 after growing frustrated with high credit card fees, talks to Finextra about America's slow move towards faster payments, his firm's foray into the exchange world, the blockchain, and the idea of being bought by Apple.

20 November 2015

News/Transaction banking

Ebury raises $83 million to bring large corporate banking services to SMEs

London-based business finance outfit Ebury has snagged a massive $83 million funding round led by Vitruvian partners.

18 November 2015

News/Transaction banking

ISO20022 adoption to drive $4.5 billion in savings for Canadian business - CPA

The Canadian Payments Association estimates that the cost benefits to businesses of a move to the ISO20022 standard could be as high as $4.5 billion over five years simply from the elimination of cheques

18 November 2015