Latest Transaction banking News: Finextra Research

Company update/payments

DBS taps Swift gpi to launch real-time online tracking of cross-border collections and payments

DBS Bank is the first bank in Asia to launch real-time online tracking of cross-border collections to provide greater digital convenience to its corporate clients.

21 October 2020

News/sustainable

Coutts MD: Sustainability is about ‘unpeeling’ investment decision making

Mohammad Kamal Syed, managing director and head of investment management at Coutts & Co, tells Finextra Research of the ‘root and branch uplift’ in the firm’s investment decision making to address ESG goals.

20 October 2020

Company update/payments

Mphasis to put supply chain portfolio on R3 Corda

Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its partnership with R3, a leading global enterprise software firm, to jointly create innovative blockchain-enabled payment solutions and take them to market.

20 October 2020

Company update/Transaction banking

Global container carriers CMA CGM and MSC join TradeLens

Major global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) today announced they are now integrated onto TradeLens, helping ensure a more fully integrated, timely and consistent view of logistics data for their containerized freight around the world.

15 October 2020

Company update/payments

HPD LendScape partners with Emirates Development Bank on national supply chain finance platform

HPD LendScape, a leading international secured lending platform vendor, today announces it has partnered with Emirates Development Bank (EDB) to launch UAE’s National Supply Chain Finance (SCF) platform, giving UAE businesses improved access to working capital, particularly as they cope with the added pressures of the COVID-19 pandemic.

13 October 2020

Company update/Transaction banking

Envoy Group joins R3’s Venture Development programme

Envoy Group has joins R3’s Venture Development programme, the start-up growth and business development program of the enterprise software firm, R3, to support Envoy as it approaches the pilot phase of its trade finance platform.

12 October 2020

News/crypto

Sibos 2020: 'In a world of CBDCs, I am not sure what Swift would do' - David Birch

David Birch, author and financial services consultant, compares Swift to CB radio or Charlie's Angels, as an "affectionate tribute to the 1970s".

07 October 2020

Company update/payments

Emirates NBD launches digital Supply Chain Financing platform

As part of its ongoing digitisation strategy, Emirates NBD, a leading bank in the MENAT (Middle East, North and Turkey) region has launched a digital Supply Chain Financing platform for its corporate and institutional clientele.

07 October 2020

Company update/payments

BofA adds three new APIs to CashPro treasury product

Bank of America is supporting the increasing demand for real-time information and processing in corporate treasury with the launch of three new APIs (application programming interface).

07 October 2020

Company update/people

Christophe Bodin joins Tradeshift as chief revenue officer

Tradeshift, the leader in supply chain payments and marketplaces, today announces that Christophe Bodin has joined the company as Chief Revenue Officer (CRO).

07 October 2020

Company update/payments

Swift publishes report on gpi role in reshaping cross-border payments

In three short years, SWIFT global payments innovation (gpi) has transformed cross-border payments, delivering at speed, with full transparency and traceability.

07 October 2020

Company update/payments

SocGen eases treasury management with new virtual accounts offer

Societe Generale launches a new virtual accounts offer. Targeting large European corporates, this bespoke solution makes treasury management easier through the improved identification and monitoring of payments.

06 October 2020

News/payments

Sibos 2020: Rethinking compliance for friction-free payments

A handful of topical areas were canvassed in the ‘Friction or fiction: compliance in a real-time world’ panel session on day one of Sibos 2020’s virtual event. While there has been significant innovation in domestic and global payments, financial institutions still play a critical role in the global payment process.

06 October 2020

News/payments

Standard Chartered and DBS to set up blockchain-based Trade Finance Registry

Standard Chartered and DBS, with the support of 12 other banks, have kicked off a project that will use a blockchain network to register trade finance transactions.

06 October 2020

News/payments

Capgemini World Payments Report 2020: 38% discover new payment provider during Covid-19 lockdown

More than a third of consumers discovered a new payment provider during the Covid-19 crisis, according to Capgemini’s World Payments Report 2020.

06 October 2020

News/payments

Payments revenue growth forecasts almost halved under brightest post-Pandemic outlook

Annual global payments revenues could reach $1.8 trillion under a quick Covid-rebound scenario, according to data from the Boston Consulting Group, representing a considerable slowdown in growth from pre-pandemic boom times.

05 October 2020

News/payments

2010 revisited: A decade of ISO 20022 evolution

As Sibos 2020 approaches, we look back to the status of ISO 20022 in its younger years and explore how assertions and predictions made about the migration have played out over the last decade.

02 October 2020

News/payments

Real-time payments - seize the momentum at EBAday 2020

Mastercard and ACI Worldwide announced they were partnering to provide a range of global real-time payments solution, aiming to offer “best in class central infrastructure” to banks and other financial solutions.

02 October 2020

News/payments

EURO1/STEP1 ISO 20022 migration delayed to align with T2-T2S timetable

In a confidential letter sent to the participants of EURO1 large value payments and the STEP1 platform Wednesday, EBA Clearing announced delays to testing and live implementation dates.

01 October 2020

Company update/Transaction banking

SIA debuts digital trade finance platform

SIA, a leading European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity, launches a new platform that allows banks to fully digitize trade finance processes, making it easier and faster for corporates and SMEs operating in markets around the world to manage documentary credit dossiers.

30 September 2020