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News/Transaction banking
Interbank messaging network Swift has rounded up an initial group of six leading correspondent banks to participate in proof-of-concept trials to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.
25 April 2017
Welcome to Finextra's live coverage of the Swift Business Forum in London. This year’s conference will focus on the key issues affecting the financial industry, particularly as they impact UK and global markets. In an ever-increasing ‘instant’ world, the agenda will look at how financial institutions can stay resilient and secure, while continuing to innovate and navigate change.
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.
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.
24 April 2017
Company update/Transaction banking
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.
21 April 2017
BBVA has run its first live cross-border transaction using the Ripple protocol.
SWIFT announces the launch of a significant information architecture and visual redesign for its online reference data tool, Bankers World Online.
19 April 2017
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.
18 April 2017
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.
14 April 2017
A research paper has revealed a level of scepticism among Asia Pacific banks when it comes to joining forces with fintechs.
13 April 2017
The Vietnamese mobile operator Mobifone and the mobile payments company Fortumo are today announcing the launch of carrier billing on Google Play.
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.
12 April 2017
The European Central Bank (ECB) has stated that blockchain technology lacks the necessary maturity to be part of its market infrastructure.
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.
11 April 2017
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.
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
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.
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.
10 April 2017
Sibos has announced the host cities for both 2020 and 2021, which will be Boston and Singapore respectively.
06 April 2017
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.
05 April 2017
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