Transaction banking

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/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.

/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.

/Transaction banking

2014: That was the year that was

As Finextra pulls the shutters down on 2014, we take a look back at our most popular news stories, videos, features and blogs over the course of the past year. The site will re-open for business on 2 January 2015.

/Transaction banking

Payments Council to explore prospects for providing more information with payments

The UK's Payments Council has committed to explore options for incorporating richer data sets alongside business and consumer electronic payment transactions.

/Transaction banking

Immediate payments 'next frontier' for European integration - ECB

With progress towards a single euro payments area well in train, the European Central Bank has identified instant payments with immediate availability of funds as the industry's next frontier for harmonisation and cross-border collaboration.

/Transaction banking

Ripple to plug into Earthport payment network

Ripple Labs is to plug its real-time settlement protocol into the Earthport payment hub, opening new channels to market for the open source transaction technology.

/Transaction banking

Bank of England appoints Deloitte to probe Chaps breakdown

The Bank of England has appointed Deloitte to conduct an independent review of the ten-hour breakdown in the operation of the UK's high value payments system, Chaps, last month.

/Transaction banking

BNP Paribas: The five ways Bitcoin can shake up the financial services world

Bitcoin could become a market-leading technology that will change the way financial systems are engineered says BNP Paribas, in an analysis of the potential disruptive impact of the crypto-currency on banking and asset servicing.

/Transaction banking

Markit, Genpact sign 600 firms for KYC portal: appoint CEO

Markit and Genpact say that they have signed over 600 buy side firms and corporations for their KYC data sharing portal and named former Goldman Sachs man John May as chief executive of the utility.

/Transaction banking

Deutsche Bank hires JP Rangaswami as chief data officer

Deutsche Bank has appointed JP Rangaswami as its first chief data officer, recruiting the former Dresdner Kleinwort Wasserstein CIO from Salesforce, where he has been 'chief scientist' since 2010.

/Transaction banking

Deutsche Bank speeds Swift standards uptake on Autobahn

Swift's MyStandards tool is to be made available via Deutsche Bank's Autobahn Apps Market.

/Transaction banking

BofA Merrill Lynch lets firms use mobile numbers to pay customers

Bank of America Merrill Lynch is tapping the technology behind its P2P payments service to launch a system that lets companies send money directly to customers' accounts using their mobile number or email address.

/Transaction banking

Ripple signs first two US banks

Open source payments outfit Ripple Labs has snared deals with two US banks who plans to use its real-time settlement protocol for cross-border money transfers.

/Transaction banking

Commerzbank incubator leads $15m investment in B2B commerce platform Traxpay

B2B payments startup Traxpay has raised £15 million in a series B funding round led by the incubation unit of Germany's Commerzbank, and announced a four-year relationship with MasterCard as it bids to achieve global scale.

/Transaction banking

Swift baulks at EU resolution on Russian expulsion

Swift has given a strongly worded response to a European Parliament resolution calling on the EU to consider expelling Russia from the financial messaging network.

/Transaction banking

Finextra expands into North America

Just as fintech steps from the shadows into the mainstream, Finextra is establishing a local North American editorial presence.

/Transaction banking

Earthport eyes Asian opportunity on £26.6 million placing

Cross-border payments network Earthport has raised £26.6 million through the placing of 65 million shares with a mix of new and existing institutional investors.

/Transaction banking

European card issuers the losers as global payments revenues show upward trend

European card issuers stand to lose $8 billion per year from a revenue pool of $60 billion beginning in 2015, as stiffer regulation and caps on interchange fees take their toll, according to a study by the Boston Consulting Group.

/Transaction banking

UK to press for Russian expulsion from Swift

The British government is urging EU nations to expel Russian banks from the Swift financial messaging network, as tensions grow over the escalating crisis in Ukraine.

/Transaction banking

ECB fingers systemically important payment systems for oversight

The European Central Bank has named four key payment systems - Target2, Euro1, Step2-T and Core(Fr) - as "systemically important", and so subject to new regulations.