Latest Transaction banking News: Finextra Research

APIs and open banking win most airtime at Sibos 2016

Blockchain still high on the agenda according to Finextra’s review of discussions in Geneva, while excitement about AI grows

01 November 2016

News/Transaction banking

Ripple CEO Larsen makes way for Garlinghouse

Ripple CEO Chris Larsen is stepping down, handing over to current COO and president Brad Garlinghouse, who will lead the next stage of the firm's efforts to transform cross-border payments through the use of distributed ledger technologies.

01 November 2016

News/Transaction banking

Japanese banks flock to blockchain consortium

A Japanese bank consortium planning to build a new real-time payments platform using technology from blockchain joint venture SBI Ripple Asia, has expanded to 42 banking members.

01 November 2016

Finextra TV/Transaction banking

Machine learning unlocks data insights

Mike Blalock, General Manager - Financial Services Industry, Intel and Andy Hirst, VP Banking Solutions, SAP discuss the role of machine learning – and the chief data officer – in enabling banks to maximise the value of their data assets and drive forward with digital transformation.

31 October 2016

Finextra TV/Transaction banking

Cookie cutter no good for corporate payments

Ebru Pakcan, Global Head of Payments and Receivables, Citi, talks about the specific needs of corporates for cross-border payments and how banks can address them, and the potential for collaboration between banks and fintechs to generate end-to-end client value.

28 October 2016

Finextra TV/Transaction banking

Real-time is a global phenomenon

David Yates, CEO, VocaLink, speaks about the key trends that have driven the payments industry this year, what opportunities real-time brings for US banks, and the results of The Millennial Influence research.

27 October 2016

Finextra TV/Transaction banking

Fintech is a new friend for banks

Stephanie Wolf, Head of Global Financial Institutions, Public Sector Banking and Canada Sales, Bank of America Merrill Lynch, discusses how fintechs can help transaction banks to deliver products and services more quickly, the need for banks to be nimble to respond to the shifting global trade environment and the outlook for correspondent banking over the next 3-5 years.

27 October 2016

Company update/Transaction banking

Vipps a business highlight for DNB as corporate impairments hit profits

DNB recorded profits of NOK 4 080 million in the third quarter of 2016, a reduction of NOK 2 290 million from the third quarter of 2015.

27 October 2016

Finextra TV/Transaction banking

Regional centres can nurture collaboration

Tim Newns, Chief Executive, MIDAS – Manchester’s Inward Investment Agency, talks about how UK cities such as Manchester are bringing together financial services firms and fintechs to deliver innovation into the banking business, and how the Northern Powerhouse vision could play out.

27 October 2016

Company update/Transaction banking

Intesa Sanpaolo taps Bolero for electronic trade documentation

Intesa Sanpaolo, the leading Italian banking group, has used Bolero’s ePresentation to become the first nationwide Italian bank to issue an electronic import documentary credit, breaking new ground in digitisation of the country’s trade.

26 October 2016

Finextra TV/Transaction banking

Smoothing the corporate banking value chain

Laurence Leyden, General Manager for Financial Services in EMEA SAP, discusses how digitalisation can help banks shift their approach to corporate customers from selling product to delivering value-add, and what this means for banks’ core systems.

26 October 2016

Company update/Transaction banking

US millennials choose security over the latest technology fads for instant mobile payments

VocaLink, the global payment partner to banks, corporates and governments, today launched “The Millennial Influence”, a report examining the payments behavior of millennials (i.e. those aged between 18-35) in the United States.

25 October 2016

Finextra TV/Transaction banking

Managing endpoints critical for DL security

Stephen Scharf, Chief Security Officer, DTCC, talks about the cyber security implications of blockchain and how distributed ledger could contribute to recoverability by enabling redundancy and back-up.

25 October 2016

Finextra TV/Transaction banking

Customers want a path through uncertainty

Adam Raw, Head of FI Propositions, Global Transaction Banking, Lloyds Banking Group, discusses the regulatory, political and technology drivers creating an environment of uncertainty for transaction banks and their customers, and looks at how banks can help their customers by bringing improved speed and agility to product development through the implementation of cross-functional teams.

25 October 2016

Company update/Transaction banking

Citi adds new capabilities to Online Investments Portal

Citi’s Treasury and Trade Solutions has enhanced the Citibank Online Investments (OLI) portal with new features that provide clients with more options in managing their liquidity.

24 October 2016

Company update/Transaction banking

Bank of America Merrill Lynch speeds up US wholesale lockbox processing

Bank of America Merrill Lynch’s recent technology investment in end-to-end lockbox operations has improved its speed of processing from the time of receipt to the time of deposit by 25 percent, and the rate of straight-through automation to more than 70 percent.

24 October 2016

News/Transaction banking

CBA and Wells Fargo combine blockchain and IoT to revolutionise trade finance

Commonwealth Bank of Australia and Well Fargo are claiming a world-first interbank open account transaction using a blockchain and the Internet of Things for the shipment of goods across international borders.

24 October 2016

Finextra TV/Transaction banking

Community needs to act together on cyber

Alain Raes, Chief Executive, EMEA and Asia Pacific, Swift, reflects on the cyber discussion at Sibos and talks about the programme Swift is running to help banks, their counterparties and their wider communities to tackle the cyber threat collectively going forward.

24 October 2016

News/Transaction banking

Visa treads on Swift's toes with blockchain pilot for high value payments

Visa is working with blockchain outfit Chain on the development of a near real-time funds transfer system for high value bank-to-bank and corporate payments.

21 October 2016

Finextra TV/Transaction banking

Blockchain won’t be as disruptive as people think

Cian Burke, Head of Securities Services, HSBC discusses why big data and data analytics still dominate conversations, and the effect distributed ledger technology may have on post-trade and operations.

21 October 2016