Transaction banking

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/Transaction banking

AccessPay sets sights on US market with £2 million debt financing

Manchester, UK-based payments router AccessPay has secured £2 million in debt financing from Clydesdale and Yorkshire Bank amid plans for a recruitment drive and expansion into US markets.

/Transaction banking

Token raises $15.7 million as PSD2 approaches

API-based transaction network Token has secured $15.7 million in Series A funding from major investors including Octopus Ventures, EQT Ventures and OP Financial Group as it bids to capitalise on opportunities from the forthcoming implementation of the PSD2 directive in Europe.

/Transaction banking

Dovetail and IBM form Watson partnership

Dovetail, the provider of best-in-class payments and liquidity management solutions, today announced a global strategic partnership with IBM to offer Dovetail payment solutions in combination with IBM’s Watson Financial Services products.

/Transaction banking

BBVA runs live funds transfers over Ripple

BBVA has run its first live cross-border transaction using the Ripple protocol.

/Transaction banking

Swift updates reference data service

SWIFT announces the launch of a significant information architecture and visual redesign for its online reference data tool, Bankers World Online.

/Transaction banking

Bottomline ups security for Swift member clients

Bottomline Technologies (NASDAQ: EPAY), a leading provider of technology solutions to help businesses pay and get paid, today announced that it is leveraging its deep experience in cyber fraud risk management solutions to launch a new payment fraud solution for members of the SWIFT payment network.

/Transaction banking

Intesa Sanpaolo and EBA Clearing complete live tests of real-time payment system

INTESA SANPAOLO, a leading bank in Europe, and EBA CLEARING have announced today the successful execution of the first user testing activities for the Pan-European real-time payment platform of EBA CLEARING.

/Transaction banking

Apac banks suspicious about fintech consortiums

A research paper has revealed a level of scepticism among Asia Pacific banks when it comes to joining forces with fintechs.

/Transaction banking

Mobifone and Fortumo team up to launch carrier billing on Google Play

The Vietnamese mobile operator Mobifone and the mobile payments company Fortumo are today announcing the launch of carrier billing on Google Play.

/Transaction banking

Chancellor and BofE governor bang the post-Brexit drum for UK fintech

Phillip Hammond, the UK Chancellor, has highlighted the critical role played by fintech in helping the UK to mitigate any negative economic impact that may result from Brexit.

/Transaction banking

DLT still not mature enough says ECB

The European Central Bank (ECB) has stated that blockchain technology lacks the necessary maturity to be part of its market infrastructure.

/Transaction banking

Dovetail appoints Mark Wilson head, Emea sales

Dovetail, the provider of best-in-class payments and liquidity management solutions, today announces the expansion of its sales and account management team and the appointment of Mark Wilson, as Head of EMEA Sales.

/Transaction banking

Encompass and ComplyAdvantage use AI for AML service

Combining Artificial Intelligence and traditional data sources will be key to combatting money laundering says Encompass Corporation and ComplyAdvantage who have today announced their partnership during Innovate Finance’s Global Summit 2017 being held at Livery Hall in London.

/Transaction banking

Late payments cost UK SMES more than £45 billion

Results from the latest Zurich SME Risk Index show that more than half (52%) of Britain’s small-and-medium sized enterprises are owed in total an estimated £44.6 billion in late payments

/Transaction banking

UK calls for global fintech regulations

The UK's Financial Conduct Authority (FCA) has called for an international regulatory framework to be applied to fintech startups in order to prevent a 'Wild West' approach to governance of the sector.

/Transaction banking

Kyriba signs partnership with Clustin

Kyriba Corp., the global leader in cloud-based treasury, cash and risk management solutions, today announced International Solutions Provider, Clustin, signs on as a Kyriba client and channel partner.

/Transaction banking

Sibos to return to Boston and Singapore

Sibos has announced the host cities for both 2020 and 2021, which will be Boston and Singapore respectively.

/Transaction banking

Gresham makes senior appointments in New York

Gresham, the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, has strengthened its business development team with two senior appointments in New York.

/Transaction banking

Kaspersky Labs links North Korea to Bangladesh Bank heist

Security outfit Kaspersky Labs has become the latest voice to raise the possibility that North Korea was involved in last year's $81 million Bangladesh Bank cyberattack.

/Transaction banking

Visa and top UK banks get behind launch of Amazon Business

Visa and four of the UK's leading banks are partnering with Amazon on the launch of a new commercial marketplace for businesses shopping on the popular e-commerce site.