Latest Transaction banking News: Finextra Research

MasterCard and PayPal hold talks about alliance - FT

MasterCard and PayPal have engaged in a "constructive dialogue" about a possible strategic alliance, according to a report in the Financial Times.

29 July 2016

Company update/Transaction banking

African banks losing their share of payment space - report

Traditional banks are poised to lose as much as 50% of their ownership of the payment space by the end of 2016.

29 July 2016

Company update/Transaction banking

Vietnam banks to start issuing JCB credit cards

JCB International Co., Ltd. (JCBI), international operations subsidiary of JCB Co., Ltd., today announced that Takashimaya Company, Limited (Takashimaya) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will start issuing JCB credit cards on July 30, 2016.

29 July 2016

News/Transaction banking

Call for standards to aid fintech growth

Standards have the potential to strengthen and speed up fintech development in the UK, according to a paper recently published by BSI.

28 July 2016

News/Transaction banking

BBVA in management reshuffle for digital banking push

Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) is set to embark on a second management reorganisation within 14 months in anticipation of a further push of its digital banking plans, according to Bloomberg.

28 July 2016

News/Transaction banking

UK payments regulator calls for structural reform

The Payment Systems Regulator (PSR) has called for an overhaul of the UK's payments infrastructure to generate more competition and meet consumers' needs.

28 July 2016

Company update/Transaction banking

UKForex launches new online service

UKForex, part of OFX, one of the world’s largest international payment businesses, has today announced the launch of OFX for Online Sellers, a new online merchant solution that streamlines payments from international marketplaces such as eBay and Amazon into bank accounts in the USA, Canada, Eurozone, Hong Kong, Australia, and the UK.

28 July 2016

News/Transaction banking

Lloyds to cut further 3000 jobs and close 200 branches in wake of Brexit vote

Lloyds Banking Group is accelerating its cost-cutting drive by announcing more job cuts and branch closures despite doubling its profit in the first half of 2016.

28 July 2016

Company update/Transaction banking

Nasdaq BWise GRC pPlatform selected by Dubai Islamic Bank

Nasdaq BWise (Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (GRC), announced today that it has been selected by Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, to support and further enhance their risk management, compliance and internal control processes gaining a deeper and more real-time visibility into their risks and overarching control frameworks.

28 July 2016

Company update/Transaction banking

Kantox processes $100 million in six months since API launch

Leading foreign exchange (FX) management platform Kantox has successfully processed $100 million worth of transactions in just six months through the company’s unique API.

27 July 2016

News/Transaction banking

Deutsche Bank warns of further cuts after fall in profits

A 98% fall in second quarter earnings has led Deutsche Bank to warn investors that it may need to cut more costs

27 July 2016

News/Transaction banking

South Africa sets standard for fingerprint banking

South Africa's payments body has released a standard to enable biometrics to be used on payment cards and to herald what it hopes will be an industry-wide roll-out of fingerprint banking.

27 July 2016

Company update/Transaction banking

Bluestone selects iland's cloud-based Disaster Recovery-as-a-Service

Iland, an award-winning enterprise cloud infrastructure provider, today announced that Bluestone Group is leveraging iland’s Disaster-Recovery-as-a-Service (DRaaS) with advanced security to ensure IT resiliency as it transitions to a ‘cloud-first’ strategy.

27 July 2016

Finextra TV/Transaction banking

Business models transformed by digitisation

Kevin Poe, Vice President – Global Lead for Retail Banking, CGI, talks about the CGI Global 1000 Voice of Our Clients Program, and what the findings show about how retail banking is changing, and how established banks are responding.

27 July 2016

News/Transaction banking

Aussie banks team up for Apple Pay legal challenge

Four Australian banks are joining forces to negotiate with Apple and be allowed to offer their own payment services on the tech giant's hardware.

27 July 2016

News/Transaction banking

Blockchain consortium to open London office

In a further post-Brexit boost to the UK's fintech sector, a New York-based blockchain consortium is to open a London office.

26 July 2016

Company update/Transaction banking

Blom Bank chooses Wolters Kluwer for op risk

Blom Bank the leading Lebanese bank, has chosen Wolters Kluwer’s OneSumX to provide it operational risk software solution.

26 July 2016

Company update/Transaction banking

Indian banks join Swift payments initiative

SWIFT announces today that ICICI Bank and AXIS Bank are the first Indian banks to sign up for its global payments innovation initiative.

26 July 2016

Company update/Transaction banking

Capital One recruits software engineers for digital push

EIGHT senior software engineers have made the move to information based lending company Capital One, in as many weeks, to accelerate digital change at the company.

26 July 2016

News/Transaction banking

Finextra paper explores blockchain as an enabler of operational resilience

Distributed ledger technology could help with damage limitation in the event of service disruptions, as the paper ‘How to get a head on operational resilience’ discusses.

25 July 2016