Latest Transaction banking News: Finextra Research

Finextra Future Money Day 1 - Live blog

From shells to Shekels, paper pounds to PayPal, money is forever changing. Never more so than in recent years when contactless technology, mobile apps, tokens and Bitcoin mean the way we exchange value is evolving. The annual Finextra Future Money conference keeps you up-to-date with developments. With over 600 of Europe's top banks, VCs and startups gathered at the East Wintergarden in London's Canary Wharf, UK, this live blog keeps you abreast of developments.

21 April 2015

News/Transaction banking

Swift promises STP Holy Grail with SwiftRef APIs

Financial messaging network Swift has introduced an automated data look-up service that identifies and validates payments reference data in real-time, reducing the time spent by bank back offices in correcting errors resulting from manual repairs and investigations.

20 April 2015

Finextra TV/Transaction banking

The hottest topics in payments

Don Ginsel, Holland FinTech, Douwe Lycklama, Innopay, Jan Paul van Pul, ABN AMRO, Paul Thomalla, ACI Worldwide and Ton Versteeg, Rabobank, discuss the hottest topics of the payments industry including disruption from third-party providers, whether banks should be thinking like IT companies and real-time payments.

16 April 2015

News/Transaction banking

Swift Business Forum, Canada - live blog

Welcome to Finextra's live coverage of the Swift Business Forum in Toronto. This year’s conference, on the theme 'expect the unexpected' will explore how firms are using technology and new ways of thinking to better prepare for an unpredictable future.

14 April 2015

Company update/Transaction banking

PrimeRevenue completes $80 million financing round

PrimeRevenue, Inc., the global leader in SaaS-based working capital finance solutions, announced today the successful completion of an $80 million financing round co-led by BBH Capital Partners (BBHCP), a private equity firm sponsored by Brown Brothers Harriman & Co. and Battery Ventures, a global investment firm.

14 April 2015

Company update/Transaction banking

Banking errors pushing Canadian companies to alternative finance providers

Poor service is pushing companies to look for alternative banking options, according to EY's global commercial banking survey: Advancing service in a digital world.

09 April 2015

Company update/Transaction banking

HSBC names Lewis Sun head of payments and cash management, China

Lewis Sun has been appointed as Head of Payments and Cash Management (PCM) for HSBC in China, effective 12 February 2015. In his role, he will work closely with both HSBC’s Commercial Banking and Global Banking businesses to drive business growth in China.

09 April 2015

Company update/Transaction banking

HSBC joins $21m Kyriba series c funding round

Kyriba, the global leader in cloud-based treasury management solutions, has completed a $21 million round of Series C funding.

07 April 2015

Company update/Transaction banking

CAN Capital secures $650 million credit facility

CAN Capital, the leading player in alternative small business finance, announced today that it secured a $650 million credit facility from a dozen leading lenders.

07 April 2015

News/Transaction banking

Future Money Focus: Jon Matonis

A former foreign exchange dealer for Visa, CEO of HushMail, director of financial services at VeriSign and one of the founding board directors of the Bitcoin Foundation, Jon Matonis' career has blended the world of security, financial services and crypto technology - now Matonis is a public speaker and non-executive director for several startups in the space.

02 April 2015

Company update/Transaction banking

Jhpiego selects Standard Chartered Straight2Bank mobile wallet

Standard Chartered's (SC) Straight2Bank mobile wallet service has won a new contract with Jhpiego, an international health organisation affiliated with Johns Hopkins University, to instantly disburse funds to its beneficiaries in Kenya. The SC corporate service has also been rolled out to Zambia, Tanzania and Bangladesh.

01 April 2015

Company update/Transaction banking

FD buys Affinity for £7.7 million

First Derivatives (FD), a software and consulting company, has bought Affinity Systems for CAD$14.5m (£7.7m) in a cash and share deal.

01 April 2015

Company update/Transaction banking

TrustPay partners with ONPEX to grow customer base

TrustPay is partnering with the Online Payments Exchange (ONPEX) global acquiring network to grow its customer base.

31 March 2015

News/Transaction banking

CBA unveils Albert tablet payment device

Commmonwealth Bank of Australia (CBA) is making a move into the point-of-sale hardware market, teaming up with German tech firm Wincor Nixdorf and Ideo to launch a seven inch Android-based tablet system dubbed Albert.

31 March 2015

News/Transaction banking

Canada's D+H agrees $1.25bn Fundtech acquisition

Canadian financial technology firm D+H is to buy transaction banking vendor Fundtech for $1.25 billion in cash, subject to regulatory approvals.

31 March 2015

News/Transaction banking

Westpac launches online SME tools

Westpac has launched a Live Online Lending Application (Lola) to help small to medium sized enterprises apply for loans and a MyBusiness Assist platform to help businesses plan, manage and finance their firms more easily.

31 March 2015

Company update/Transaction banking

RMB usage spreads beyond HK

The quarter share that Hong Kong had in the international renminbi market has fallen to 17% over the past two years, according to Swift’s latest RMB Tracker.

30 March 2015

Company update/Transaction banking

Tieto provides ICS with new commercial card app

International Card Services (ICS), the largest credit card issuing business in the Benelux region with 3.5m customers, has adopted a new commercial credit card app from its processing partner Tieto.

30 March 2015

News/Transaction banking

UK banks' IT spending to increase - CBI/PwC Report

UK banks’ spending priorities for the next year are focused on improving IT infrastructure and cyber security, according to a report from the CBI and PwC, which also finds a focus on building new digital platforms to remain competitive and respond to changing customer needs.

30 March 2015

News/Transaction banking

EBAday attracts titans of transaction banking

More than 850 bankers and treasury professionals from across Europe are expected to descend on Amsterdam in May to hear senior executives from ING, ABN Amro, HSBC, RBS and Deutsche Bank speak at EBAday 2015, the continent's pre-eminent annual payments event.

30 March 2015