Latest Transaction banking News: Finextra Research

Mitsubishi UFJ Capital joins Kyriba funding round

Kyriba Corp., the global leader in cloud-based treasury, cash and risk management solutions, today announced Mitsubishi UFJ Capital, a Tokyo-based venture capital firm specializing in electronics, healthcare, and technology investments, has joined Kyriba’s Series D funding round.

19 December 2016

Finextra TV/Transaction banking

It’s all about the client, not just digitalisation

Aditya Bhasin, Consumer and Wealth Management CIO, Bank of America, outlines where banking should focus, and how fintechs and banks can practically work alongside each other.

19 December 2016

Finextra TV/Transaction banking

Fintechs and banks are complementary

Marwan Naami, Innovation Manager, Startup Program Lead, BNP Paribas, speaks about the importance of collaboration for fintechs and banks and what is happening in the industry to encourage this.

16 December 2016

News/Transaction banking

Turkey's Akbank facing $4m liability after hack

One of Turkey's largest banks could be liable for up to £4 million after suffering a cyber attack on the SWIFT global money transfer system, according to Reuters.

16 December 2016

News/Transaction banking

Banks should be liable for scam victims' losses says consumer group

Consumer group Which? has accused the UK's Payment System Regulator (PSR) of letting banks off the hook by not forcing them to reimburse customers who fall victim to online money transfer scams.

16 December 2016

News/Transaction banking

Citi backs blockchain startup

Citi has invested an undisclosed sum in Cobalt, a blockchain startup aiming to bring distributed ledger technology to the processing of foreign exchange trades.

15 December 2016

Company update/Transaction banking

Abraaj implements Ravn’s cognitive search platform

Ravn Systems, Artificial Intelligence (AI), Search and Knowledge Management solutions, announced today that The Abraaj Group (Abraaj), an investor operating in global growth markets, has successfully implemented RAVN Connect Enterprise, a cognitive search platform which intelligently transforms the way they locate, leverage and collaborate on expertise across their highly distributed network.

14 December 2016

Company update/Transaction banking

ACI Worldwide named official service provider for pan-European instant credit transfer scheme by EBA

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, has been named by EBA Clearing as one of the ‘frontrunner service providers’ for the pan-European EBA SEPA Instant Credit Transfer Scheme, due to go live in November 2017.

14 December 2016

Company update/Transaction banking

Broadridge expands presence in Asia with new Singapore office and senior appointment

Broadridge Financial Solutions, Inc. (NYSE: BR), a provider of technology and operations, communications and data and analytics solutions for financial services firms, has significantly expanded its on-the-ground presence in the region, affirming its commitment to the Asian market.

14 December 2016

Company update/Transaction banking

Viewpost offers suppliers payment by virtual credit card via Comdata link

Viewpost, the secure B2B network for electronic invoicing, payments and cash management, today announced a partnership with Comdata, one of the largest commercial credit card issuers for MasterCard in North America, to give businesses an option to pay their suppliers with virtual credit card transactions.

13 December 2016

Finextra TV/Transaction banking

Advances in online commerce create challenges

Daniel Maurice-Vallerey and Mike Ausems, co-founders and co-CEOs of Yello, discuss how technology can play a fundamental role in enabling changes in the retail sales environment.

13 December 2016

Company update/Transaction banking

PayCommerce opens new offices in Ontario and Dubai

PayCommerce, the leading enterprise cross-border payments network and banking consortium, today announced it has opened two new offices in November: one in Ontario and one in Dubai.

07 December 2016

Company update/Transaction banking

Wells Fargo taps Mastercard Send for real-time treasury payments

Mastercard (NYSE: MA) and Wells Fargo & Co. (NYSE: WFC) announced today that Mastercard SendTM is now speeding payments for Wells Fargo Treasury Management and Wells Fargo Merchant Services customers.

06 December 2016

Finextra TV/Transaction banking

Transaction banks need to improve product offering

John Box, Head of Strategic Partnerships, Raphaels Bank, examines how corporate customer’s requirements are changing and where disruption is taking place in transaction banking.

06 December 2016

Finextra TV/Transaction banking

PSD2 will transform the payments landscape

PSD2 is unravelled by three Deutsche Bank experts: Christian Fraedrich, Product Manager, Treasury Payments & Euro Clearing, Institutional Cash Management, Jan Lisaus, Head of Cards and Payments, Private & Business Clients, and Christian Schaefer, Head of Payments, Cash Management Corporates. They discuss innovation surrounding the directive, its implications for financial institutions, private individuals, and corporates, and how it will affect the EU market.

05 December 2016

Finextra TV/Transaction banking

If you don’t digitalise you will lose the business

Ilkka Ruotsila, Industry Expert, speaks about how digital is changing investors’ needs and what strategic topics incumbent Wealth Managers should be focusing on for their digitalisation journey.

05 December 2016

News/Transaction banking

Santander invests in B2B supply chain platform Tradeshift

Santander's global venture capital fund has made its latest portfolio investment in supply chain platform Tradeshift.

05 December 2016

News/Transaction banking

Lloyds opens International Trade Portal for UK businesses

Lloyds Bank has launched an online portal to help British companies expand their business to overseas markets.

02 December 2016

Finextra TV/Transaction banking

The word ‘innovation’ has been used and abused

Senthil Ravindran, Global Head, Fintech Lab, VirtusaPolaris, discusses the challenges banks face in innovating quickly, and what technologies have the most potential for banks.

02 December 2016

Company update/Transaction banking

CSOB chooses Wolters Kluwer's OneSumX for treasury risk management

Československá obchodní banka (ČSOB), a leading Czech bank, has chosen Wolters Kluwer’s OneSumX software to support its Treasury department.

02 December 2016