Latest Transaction banking News: Finextra Research

EBRD joins Swift KYC Registry

In a move to facilitate global and local financial flows and ensure their transparency, the European Bank for Reconstruction and Development has signed up to use SWIFT’s Know Your Customer (KYC) Registry and is encouraging partner banks in countries where it invests to follow suit.

09 May 2017

Finextra TV/Transaction banking

Demand for new ways to consume financial services

Nick Ogden, Executive Chairman, ClearBank, discusses the importance of creating new banks, how they can differentiate themselves, and the development of the UK fintech scene.

08 May 2017

News/Transaction banking

Correspondent banking wilts under weight of compliance red-tape

The correspondent banking model governing bank-to-bank relationships is being eviscerated under the increasing weight of compliance challenges, experiencing a 25% drop in global connections over the past eight years, according to research from financial crime vendor Accuity.

08 May 2017

Company update/Transaction banking

Eze Software releases reconcialiation dashboard

Eze Software Group, a global leading provider of investment technology, has bolstered its Eze Portfolio Accounting module with a Reconciliation Summary dashboard.

05 May 2017

Finextra TV/Transaction banking

You need to listen to and work with the client

Graham Ray, Global Head of Product Management, Investor Services, Deutsche Bank, speaks about how the markets are responding to the evolving post-trade securities landscape, how current business models are changing, and what providers need to do to distinguish themselves.

28 April 2017

Company update/Transaction banking

Ripple talks up network effect with ten banks onboard

Ripple, the only blockchain payments provider with proven commercial deployments, announced today the addition of 10 new customers to its growing global network.

26 April 2017

News/Transaction banking

Mizuho to go live with DLT-based trade finance application

Mizuho Bank is preparing to conduct its first live trade financing transactions over a distributed ledger developed in association with IBM.

26 April 2017

News/Transaction banking

Six global banks join Swift DLT trials

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

News/Transaction banking

Swift Business Forum, London - live blog

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.

25 April 2017

News/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.

25 April 2017

News/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.

24 April 2017

Company update/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.

21 April 2017

News/Transaction banking

BBVA runs live funds transfers over Ripple

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

21 April 2017

Company update/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.

19 April 2017

Company update/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.

18 April 2017

Company update/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.

14 April 2017

News/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.

13 April 2017

Company update/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.

13 April 2017

News/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.

12 April 2017

News/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.

12 April 2017