Latest Transaction banking News: Finextra Research

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

News/Transaction banking

Align Commerce raises $12.5 million to disrupt cross-border payments industry

Blockchain payments startup Align Commerce has closed a $12.5 million funfing round led by Kleiner Perkins Caufield & Byers (KPCB).

17 November 2015

News/Transaction banking

Fintech qualification programme launches

A new certification programme claims to be the first global qualification exclusively for technologists working within financial institutions.

28 October 2015

News/Transaction banking

HSBC opens Singapore innovation lab

HSBC has opened a fintech innovation lab in Singapore that will focus on developing digital and mobile banking services tailored to clients in Asia Pacific.

28 October 2015

News/Transaction banking

FS firms told to prepare for avalanche of IoT data

Financial services firms should begin planning for the avalanche of new data that will hit them through the rise of the Internet of Things (IoT), which, if used correctly, could bring huge benefits to the industry, according to a Deloitte University Press report.

16 October 2015

News/Transaction banking

Trade finance first to be disrupted by Internet of Things say bank CIOs

In a rare session for Sibos 2015, having almost no mention of blockchain, leading technologists from three of the world’s largest banks shared their views on the transformative effect of digital technologies on the business of banking.

13 October 2015

News/Transaction banking

Swift drives Charter for ISO20022 harmonisation

A group of financial market infrastructures have endorsed a Swift-driven Charter to jointly implement a global framework for ISO 20022 harmonisation across the industry.

12 October 2015

News/Transaction banking

Global transaction banking set to be a key battleground in evolving landscape

Global transaction banking revenues are set to nearly double over the next ten years, reaching $2 trillion by 2024, according to a report by the Boston Consulting Group in conjunction with financial messaging network Swift.

09 October 2015

News/Transaction banking

Banks must embrace fintech-fuelled payments revolution - BNY Mellon

Banks must embrace fintech companies or risk being left behind as the payments landscape undergoes a radical technological overhaul, according to a new report from BNY Mellon.

09 October 2015