Transaction banking

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2010 revisited: Opportunity to move quickly and stay in front of the market

/payments

2010 revisited: Opportunity to move quickly and stay in front of the market

As Sibos 2020 approaches, we look back to some of the predictions and forecasts made in 2010 and pick through what other lessons can be learnt from the post-financial crisis world to inform strategy in the not dissimilar economic environment of today.

/Transaction banking

BNY Mellon enters cash management collaboration with GTreasury

BNY Mellon today announced a new venture that will enable clients to access the market-leading cash management and payment capabilities of treasury management services provider GTreasury.

/cloud

IBM updates Financial Transaction Manager for Red Hat OpenShift

IBM (NYSE: IBM) today announced the release of a new version of its Financial Transaction Manager (FTM) solution, updated and containerized to run on Red Hat OpenShift and designed to help banks and financial institutions take advantage of the flexibility of hybrid cloud.

/wholesale

StanChar completes first transaction on Trusple platform

Standard Chartered announced the successful completion of the first cross border live transaction on Trusple, the newly launched digital international trade and financial service platform of AntChain (the blockchain-based technology solution of Ant Group).

/cloud

Volante selected to work with Goldman Sachs on digital bank

Volante Technologies, the global leader in cloud payments and financial messaging, today announced that Volante has been collaborating with Goldman Sachs Bank USA (“Goldman Sachs”) to provide the payments technology underpinning the bank’s recently launched digital transaction banking service built entirely from scratch in the cloud, an industry first.

/payments

Santander pilots payment tracking service

Santander UK is piloting a new real-time international payment tracker service for its customers using the SWIFT GPI Service together with SWIFT universal payment confirmations later this year.

UK's Tech Nation announces latest fintech cohort

/startups

UK's Tech Nation announces latest fintech cohort

Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation's fintech programme.

EY: Sustainable goals in finance won’t be met with traditional behaviours

/sustainable

EY: Sustainable goals in finance won’t be met with traditional behaviours

Financial services firms must evolve their mindsets to both manage risk effectively and to ensure that the industry meets sustainable goals, according to Sandy Trust, sustainable finance consulting lead at EY and deputy chair of the IFOA’s Sustainability Board.

/payments

MetaBank expands faster payments platform

MetaBank,® N.A. (“Meta”) today announced the expansion of its faster payments platform to include processors Finix and TabaPay.

/crime

Turkey's Akbank selects Featurespace for fraud prevention

Featurespace™, the leading provider of Enterprise Financial Crime prevention software announced that Istanbul-based Akbank has selected the ARIC™ Risk Hub to reduce fraud risk, while increasing acceptance rates across all transactional channels for its nearly 18 million customers.

ClearBank dances on the cloud’s silver lining thanks to Covid-19

/payments

ClearBank dances on the cloud’s silver lining thanks to Covid-19

For the latest feather in its cap, the cloud-based ClearBank became the first clearing bank to offer multi-currency bank accounts via API. Partnering with JP Morgan, ClearBank will offer clients the ability to move funds between accounts through an API-based connection to JPMorgan, but this is just one step in what promises to be a period of strong growth for the firm.

FinCen leaks throw doubt on banks' AML efforts

/crime

FinCen leaks throw doubt on banks' AML efforts

A remarkable leak detailing 17 years' worth of confidential transaction reporting has cast doubt on banks' anti-money laundering (AML) efforts by suggesting that leading banks continued to transfer money even when they knew it could be connected to fraud.

/payments

Neo launches multi-currency bank account for SMEs

Neo, the treasury management, payments and FX fintech, is launching a new international multi-currency account service for small and medium-sized enterprises (SMEs).

Swift outlines strategy to expand beyond financial messaging

/payments

Swift outlines strategy to expand beyond financial messaging

Interbank payment network Swift is to expand beyond pure-play financial messaging to offer member banks a range of transaction management services.

/wholesale

Sberbank joins Komgo blockchain platform for commodity trade finance Sep 15, 2020 Sberbank is the f

Sberbank is the first Russian bank that joined a commodity trade finance blockchain platform, with Sberbank (Switzerland) AG, Sberbank’s Zürich-based subsidiary, signing an agreement with Komgo.

Lagarde makes case for digital euro

/crypto

Lagarde makes case for digital euro

The president of the European Central Bank, Christine Lagarde, has suggested that the Euro Zone's central bankers are close to making a decision on whether to press ahead with the development of a central bank digital currency (CBDC).

/Transaction banking

Ghana International Bank extends Planixs treasury contract

Existing Planixs customer, Ghana International Bank (GHIB), has renewed its contract with the leading provider of real-time, intraday cash, collateral and liquidity management solutions, to continue to manage its cash and liquidity through Planixs’ Realiti treasury software suite.

Look beyond London for the UK fintechs that will lead post-Covid recovery

/covid-19

Look beyond London for the UK fintechs that will lead post-Covid recovery

Echoing Prime Minister’s Boris Johnson pledge to 'double down on levelling up' the UK economy, Citi Bank’s Tony McLaughlin believes the country can become an even more friendly environment for fintech and should be looking outside “a small perimeter around Old Street”.

/Transaction banking

ICC launches high-level advisory group to prime trade finance for Covid-19 recovery

The International Chamber of Commerce, the institutional representative of 45 million businesses worldwide, has announced the creation of a new Advisory Group on Trade Finance (ATF) – a cross-sectoral coalition of leaders in global trade.

RTGS Global rolls out stage 1 of liquidity visibility network

/payments

RTGS Global rolls out stage 1 of liquidity visibility network

In collaboration with Microsoft, cross-border transaction network RTGS Global has launched the first stage of its operational rollout to boost visibility of interbank liquidity.

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