Latest Transaction banking News: Finextra Research

The Future of Fintech 2020

03 September 2020 959 downloads

FactSet to provide European Commission with global supply chain data

FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, announced that it has been selected by the European Commission (EC) to deliver comprehensive and up-to-date data on global supply chains.

02 September 2020

Company update/startups

Stratify raises $4.9 million seed round to help companies manage budgets

Stratify, a venture-backed start-up focused on bringing a collaborative and connected approach to strategic finance, today announced it has closed a $4.9 million Series Seed investment to transform financial planning and analysis by tackling one of the most important elements of managing any company - the budgeting process.

28 August 2020

News/payments

Industry forum insists misuse of supply chain finance not widespread

Amid growing criticisms surrounding the misuse of supply chain finance, an industry forum has put out a paper conceding that the issue is "worrying" but insisting that it is not widespread.

26 August 2020

Company update/wholesale

CIH Bank automates corporate banking services with Finastra

Finastra has announced that CIH Bank, a Moroccan-based commercial bank, has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services.

10 August 2020

News/payments

BNY Mellon, Citi and Visa join $35m round in Volante

Volante Technologies has raised $35 million in growth equity financing led by Wavecrest Growth Partners with participation from BNY Mellon, Citi Ventures, PostePay and Visa.

03 August 2020

Company update/regulation

BIS Innovation Hub and HKMA invite applications for global trade tech challenge

The Bank for International Settlements Innovation Hub (BISIH) centre in Hong Kong SAR and the Hong Kong Monetary Authority (HKMA) today launched the TechChallenge - Digitising Trade Finance initiative to highlight the potential for new technologies to enhance trade finance mechanisms.

03 August 2020

Company update/cloud

Publicis Sapient partners Goldman Sachs on transaction banking platform

Publicis Sapient, the digital business transformation hub of Publicis Groupe, is very excited to have agreed to a multi-year collaboration with Goldman Sachs Bank USA (GS Bank), who has recently launched a cutting edge, digital-native cash, and payments services in the marketplace.

31 July 2020

Company update/people

Citi makes changes to TTS management team

Citi has announced the appointment of Stephen Randall as the TTS Global Head of Liquidity Management Services

31 July 2020

News/people

Westpac hires new IT head

Australian bank Westpac has appointed former ANZ technology chief Scott Collary to lead the consolidation of its technology and operations division.

28 July 2020

Research/Transaction banking

Are Banks Better Positioned to take on their Smaller Rivals?

27 July 2020 79 downloads

Company update/Transaction banking

Deutsche Bank invests in Traxpay

Deutsche Bank AG has announced its investment in the Frankfurt-based fintech Traxpay GmbH, with both parties signing the agreements in Frankfurt this Friday.

24 July 2020

Company update/wholesale

Citi launches supplier finance mobile app in Latin America

Citi launched a new mobile app in Latin America to facilitate suppliers enrolled in Citi Supplier Finance domestic programs access to working capital.

23 July 2020

Company update/Transaction banking

DBS to provide digital trade financing for Infor members

Infor, a global leader in business cloud software specialised by industry, today announced that it is partnering with DBS Bank, Southeast Asia’s largest bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses.

22 July 2020

Company update/wholesale

JPMorgan to provide corporate clients with an aggregated view of multi-bank accounts

J.P. Morgan Asset Management (NYSE: JPM) and Hazeltree, the leading provider of cloud-based treasury solutions for investment managers, have partnered to deliver a unique and integrated cash and liquidity management platform to private equity, private credit, real estate and infrastructure funds.

21 July 2020

News/wholesale

SMBC joins Contour and Komgo as Covid-19 propels digital trade

Sumitomo Mitsui Bank Corporation SMBC is stepping up its involvement in blockchain-based trade finance networks, joining Singapore-based Contour and Swiss platform Komgo.

21 July 2020

News/wholesale

Deutsche Bank introduces Blue Bot 'Yi' to corporate customers in China

Deutsche Bank's corporate bank in China has unveiled its new customer-facing digital employee, Blu Bot Yi, charged with handling client's financial reports.

20 July 2020

Research/Transaction banking

How to Prevent Payments Fraud amid Global Disruption

16 July 2020 635 downloads

Company update/wholesale

Contour and DBS support LoC transaction between Nanjing Iron & Steel and Rio Tinto on blockchain

Contour, together with member bank, DBS Bank, continue to push the digitalisation of trade finance with the completion of the network’s first fully digital end-to-end secured Letter of Credit (LC) between Nanjing Iron & Steel, Singapore Jinteng International and Hope Downs Marketing Company (an equal Joint Venture between Rio Tinto and Hancock Prospecting).

15 July 2020

Company update/payments

American Express moves into accounts payable space

American Express (NYSE: AXP) launched American Express One AP™, the company’s first proprietary automated accounts payable (AP) solution that enables U.S. businesses to process supplier payments more easily and efficiently.

15 July 2020