Latest Transaction banking News: Finextra Research

Canada's D+H agrees $1.25bn Fundtech acquisition

Canadian financial technology firm D+H is to buy transaction banking vendor Fundtech for $1.25 billion in cash, subject to regulatory approvals.

31 March 2015

News/Transaction banking

Westpac launches online SME tools

Westpac has launched a Live Online Lending Application (Lola) to help small to medium sized enterprises apply for loans and a MyBusiness Assist platform to help businesses plan, manage and finance their firms more easily.

31 March 2015

News/Transaction banking

UK banks' IT spending to increase - CBI/PwC Report

UK banks’ spending priorities for the next year are focused on improving IT infrastructure and cyber security, according to a report from the CBI and PwC, which also finds a focus on building new digital platforms to remain competitive and respond to changing customer needs.

30 March 2015

News/Transaction banking

EBAday attracts titans of transaction banking

More than 850 bankers and treasury professionals from across Europe are expected to descend on Amsterdam in May to hear senior executives from ING, ABN Amro, HSBC, RBS and Deutsche Bank speak at EBAday 2015, the continent's pre-eminent annual payments event.

30 March 2015

News/Transaction banking

UK online banking fraud losses soar 48%

Online banking fraud jumped 48% to £60.4 million in 2014, according to figures put together by Financial Fraud Action UK (FFA UK), which blames the rise on malware and confidence tricksters.

27 March 2015

News/Transaction banking

Swift London Business Forum to continue discussions on FinTech innovation

Challenger banks will feature heavily in the upcoming Swift Business Forum in London. Craig Donaldson, CEO at Metro Bank UK, is joined by keynote speaker Sir David Clementi, ex-deputy governor of the Bank of England and chairman of Virgin Money.

27 March 2015

News/Transaction banking

BofE rapped over crisis management failings in RTGS breakdown

The Bank of England has been told it needs to improve contingency arrangements and strengthen its crisis management framework following an independent review of the ten-hour breakdown in the operation of the UK's high value payments system, Chaps, last year.

25 March 2015

News/Transaction banking

Women in FinTech - Kitty Parry, founder of the Social Media Charter

In our continuing series, in association with the Breaking Banks radio show, looking at accomplished and interesting women working and changing the FinTech sector, Liz Lumley sits down Templars PR CEO and founder of the Social Media Charter, Kitty Parry.

13 March 2015

News/Transaction banking

Alibaba advances on Europe with iwoca and ezbob tie-up

Alibaba has enlisted the help of two UK working capital startups to provide micro-financing to European firms wishing to buy from Chinese suppliers.

11 March 2015

News/Transaction banking

EBA Clearing forms pan-European instant payments task force

EBA Clearing has launched a task force to lay the groundwork for a Europe-wide instant payment processing service it hopes to have up and running by 2018.

09 March 2015

News/Transaction banking

Efficiency is no longer a strategy, it is a necessity for banks - Finextra Research

At least 67% of bank IT budgets are still being spent on maintenance and compliance rather than transformative projects that can create value, according to research conducted by Finextra on behalf of CSC.

05 March 2015

News/Transaction banking

Swift Nordics Conference - Live Blog Day 2

The main theme for the Swift Regional Conference in Copenhagen this year is disruption. The programme will explore the different challenges arising from newcomers, technology and regulation. It will look at how the financial industry can cope and turn these challenges into opportunities.

05 March 2015

News/Transaction banking

Swift Nordics Conference - Live Blog Day 1

The main theme for the Swift Regional Conference in Copenhagen this year is disruption. The programme will explore the different challenges arising from newcomers, technology and regulation. It will look at how the financial industry can cope and turn these challenges into opportunities.

04 March 2015

News/Transaction banking

New York state watchdog sets sights on bank money laundering systems

The New York State Department of Financial Services (DFS) is planning to step up the fight against money laundering by carrying out random audits of Wall Street banks' transaction monitoring and filtering systems.

25 February 2015

News/Transaction banking

FCA to probe investment and corporate banking competition

The Financial Conduct Authority (FCA) is to launch its first wholesale market study into investment and corporate banking to assess whether competition in the sector is working properly.

19 February 2015

News/Transaction banking

Finovate Europe 2015 - Day 1 roundup

Crowdfunding, bitcoin, identity and security, and, of course, personal finance management dominated the first day of Finovate Europe in London. Finextra watched the demos, followed the tweets and spoke to the players. Here's what caught our eye.

10 February 2015

News/Transaction banking

Swift bags BIC-to-IBAN data mandate for UK banks

The UK Payments Council has contracted with interbank messaging network Swift to provide a BIC-to-IBAN data platform, enabling the nation's banks to conform to new EU regulations on cross-border payments in the euro zone.

10 February 2015

News/Transaction banking

Alibaba eschews bank financing in favour of Lending Club tie-up

E-commerce conglomerate Alibaba has snubbed the banking industry and struck an exclusive deal with US peer-to-peer loan outfit Lending Club to offer financing to US businesses looking to buy from Chinese suppliers.

03 February 2015

News/Transaction banking

Reserve Bank of New Zealand goes to tender for new payments and settlement systems

The Reserve Bank of New Zealand is seeking Registrations of Interest (ROI) from potential vendors for the procurement of a real-time gross settlement system and a security settlement system with a depository.

13 January 2015

News/Transaction banking

European Parliamentarians raise concerns about Swift data sharing

Members of the European Parliament are to debate Europol's refusal to divulge information about US access to Swift international payments data amid concerns that the agreement is trampling over the data protection rights of EU consumers.

08 January 2015