Latest Transaction banking News: Finextra Research

Future-Ready Payments Solutions: Remaining competitive with reusable technology

09 December 2021 788 downloads

Company update/payments

User testing begins for new T2 system

Prospective users of the forthcoming large-value payment system T2 can start testing the functionalities of the system as of 1 December.

01 December 2021

News/startups

UK's sixth clearing bank set to launch with $1.1 billion valuation

The Bank of London is set to enter the UK's clearing market with a pre-revenue valuation of $1.1 billion and plans to recruit 3000 staff over the five years.

30 November 2021

News/payments

Deutsche Bank launches Swift Beneficiary Account Verification service

Deutsche Bank has rolled out Swift's new Beneficiary Account Validation (BAV) service, enabling clients to verify payee account details before an international payment instruction is sent.

25 November 2021

Company update/wholesale

Icici Bank introduces online platform for Indian exporters and importers

ICICI Bank today announced the launch of an online platform, ‘Trade Emerge’), to offer comprehensive digital banking as well as value-added services to exporters and importers across India.

23 November 2021

Research/Transaction banking

Financial Institution of the Future

12 November 2021 81 downloads

Research/Transaction banking

Facing up to the Future: Biometric Automation in Banking

12 November 2021 460 downloads

Company update/cloud

Standard Chartered taps SAP Multi-Bank Connectivity cloud solution for corporate-to-bank integration

Standard Chartered has tapped the SAP Multi-Bank Connectivity solution and joined as a member bank, aiming to offer an enhanced experience to corporate clients in meeting their transactional banking needs, simplifying the onboarding process, and delivering both traditional and new banking services in real time.

11 November 2021

Company update/payments

MAS signals breakthrough in cross-border trade finance

Singapore’s Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), in collaboration with commercial partners DBS Bank, Emirates NBD and Standard Chartered, have successfully concluded the world’s first cross-border digital trade financing pilot of its kind.

11 November 2021

News/crypto

JPMorgan estimates CBDCs could save corporates £100 billion in transaction costs

A full-scale, multiple central bank digital currency (mCBDC) network could potentially save global corporates up to $100 billion in transaction costs annually, according to a joint research report from Oliver Wyman and JPMorgan.

04 November 2021

Company update/sustainable

Citi introduces sustainability-linked supply chain financing in Asia Pacific

Citi has launched its first Sustainability-linked Supply Chain Finance (SSCF) program in Asia Pacific with the aim of supporting clients as they advance their ESG priorities, improve the resilience of their supply chains and manage their working capital needs.

01 November 2021

Company update/wholesale

ION launches TreasuraSpark for cash management

ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, today announces the launch of TreasuraSpark, a simple to use cash management SaaS solution, to help high-growth organizations migrate from outdated spreadsheets to automated cash management.

01 November 2021

Company update/payments

Citi rolls out RTP-enabled real time digital bill payments

Building on its position as the world’s leading instant payments bank, Citi’s Treasury and Trade Solutions (TTS) division now facilitates digital bill payment for both institutional billers and their consumer customers via the RTP network, the real-time payment system from The Clearing House (TCH).

26 October 2021

News/payments

Mastercard unlocks working capital with Demica

Mastercard is to embed working capital into its Track Business Payments package through a partnership with supply chain finance specialist Demica.

21 October 2021

News/payments

Goldman Sachs and American Express team on cloud-based payments

Goldman Sachs has teamed up with American Express to deploy a cloud-based payment service for large corporate clients.

20 October 2021

News/identity

Identity decisioning platform Alloy moves into credit underwriting

Alloy, the recently named unicorn, has expanded its identity decisioning platform to include credit underwriting, with the intention of building comprehensive views of customers in line with their onboarding and transaction monitoring products.

20 October 2021

News/cloud

Wells Fargo invests in Volante

Wells Fargo is the latest Wall Street giant to back Volante Technologies, investing $10 million in the cloud payments and financial messaging firm.

20 October 2021

Company update/wholesale

Contour teams with Gleif to enable LEI usage on digital trade finance network

Contour, the digital trade finance network, has partnered with the Global Legal Entity Identifier Foundation (GLEIF) to enable the use of Legal Entity Identifiers (LEIs) within its network and to financially support its members in obtaining their own LEI.

20 October 2021