Latest Transaction banking News: Finextra Research

DBS and DSTP join forces on digital trade

Supported by a series of measures taken by the government to resolutely follow the path of trade globalisation and to open its market to the world, the 3rd China International Import Expo held in 2020 in Shanghai attracted more than 400,000 exhibitors and buyers from home and abroad, despite the ongoing global pandemic.

13 November 2020

Company update/Transaction banking

Deutsche Bank opens cash management business in Australia

Deutsche Bank has added to its global network of Cash Management locations with the establishment of a new business in Australia.

11 November 2020

Company update/payments

Global Supply Chain Finance Forum issues payables finance guidance

The Global Supply Chain Finance Forum (GSCFF) – an initiative comprising the International Chamber of Commerce (ICC) Finance for Development Banking Commission, BAFT (Bankers Association for Finance and Trade), the Euro Banking Association (EBA), Factors Chain International (FCI) and the International Trade and Forfaiting Association (ITFA) – has released a new guidance document on payables finance, to aid financial institutions, accounting firms, rating agencies and regulators in gaining clarity and consistency on the various terms and techniques.

10 November 2020

Company update/Transaction banking

Peak body for corporate treasurers signs first fintech partnership with Earlytrade

Ethical B2B marketplace fintech, Earlytrade, has secured an exclusive four-year deal with the Finance & Treasury Association (FTA) making it the first-ever non-bank principal partner for the group's prestigious annual event.

10 November 2020

Company update/Transaction banking

Deutsche Bank delivers China supply chain financing for BASF

Deutsche Bank today announced that it has established a supply chain financing solution for BASF China, supporting the company and its suppliers in China with world-class working capital capabilities.

09 November 2020

Research/Transaction banking

Digital Transformation Accelerated

06 November 2020 710 downloads

Company update/Transaction banking

Windward joins Surecomp marketplace

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced the addition of another new fintech partner to its Marketplace platform.

05 November 2020

Company update/cloud

CBA moves Ibas platform to the cloud

Norwegian software vendor Commercial Banking Applications (CBA), today announced that its IBAS GBF - Global Banking Factory is now available to customers on a SaaS model in the cloud.

04 November 2020

Research/Transaction banking

Payments Transformation: Immediate, Intelligent and Inclusive

04 November 2020 1139 downloads

Company update/regulation

BIS Innovation Hub and HKMA announce TechChallenge winners

The Bank for International Settlements Innovation Hub (BISIH) centre in Hong Kong SAR and the Hong Kong Monetary Authority (HKMA) today announced the winners of the TechChallenge - Digitising Trade Finance initiative.

02 November 2020

Company update/cloud

Wipro to acquire Finastra partner Encore Theme

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has signed a definitive agreement to acquire Encore Theme Technologies Private Limited (Encore Theme), a specialist in providing SaaS and Cloud solutions in financial services.

30 October 2020

Research/Transaction banking

Can Strong Customer Authentication open the door to new end user experiences?

30 October 2020 565 downloads

Company update/payments

BBVA digitises the supply chain

BBVA has created a new supply chain finance solution to compete and lead the business in Latin America, the U.S. and Europe.

29 October 2020

News/payments

JPMorgan invests in Icon Solutions

British payments technology outfit Icon Solutions has secured an equity investment from JPMorgan.

29 October 2020

Company update/Transaction banking

Bian updates Service Landscape

Today, BIAN, the independent not-for-profit association, announces Service Landscape 9.0 (SL 9.0), to help its members modernize internal architecture and future proof their businesses for the customer of tomorrow.

28 October 2020

News/payments

ECB blames third-party network device for Target2 collapse

The European Central bank has blamed a software defect at a third party technology provider for an outage that downed the Target2 settlement system for almost 11 hours on Friday.

28 October 2020

News/devops

WEF executive: Traditional finance business model no longer working

Simon Torrance, senior adviser at corporate innovation firm, Rainmaking, claims that the traditional financial services business model is no longer working.

28 October 2020

News/payments

Target2 experiences total system failure, Sepa payments delayed

A complete failure of all payment transactions within the Target2 system was experienced for several hours on Friday, with backup systems and contingency modules also initially unable to function.

26 October 2020

Company update/Transaction banking

Bolero to provide electronic bill of lading as-a-service to R3 Corda based trade platforms

Leading trade digitisation technology provider Bolero International has announced significant new partnerships with CommChain and Envoy to embed electronic bill of lading into their blockchain based digital trade platforms built on R3’s Corda.

26 October 2020

Company update/Transaction banking

Contour collaborates with Mphasis to speed adoption of blockchain network

Contour, the global decentralised platform building the new standard for global trade, today announced a partnership with Mphasis, an Information Technology (IT) solutions provider specialising in cloud and cognitive services, to accelerate the scaled adoption and extend the reach of the Contour network by banks, enterprises and partners worldwide.

21 October 2020