Latest Transaction banking News: Finextra Research

CPMI sets out plan to fix 'slow, expensive, unreliable' cross-border payments

The emergence of new players such as Libra has thrown into sharp relief how slow, expensive and unreliable traditional cross-border payments can be, says a Bank for International Settlement committee report which also offers some ideas for improving the situation.

15 July 2020

Company update/wholesale

EssDOCS’ CargoDocs DocEx to be available within Finacle Trade Connect blockchain

essDOCS, the leading enabler of paperless trade, today announced a partnership with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), for driving automation in Trade finance processes though Distributed Ledger Technology (DLT).

08 July 2020

Company update/payments

Standard Chartered joins Ibos

IBOS Association (IBOS), an international banking network, is delighted to announce its newest member to the group, Standard Chartered Bank.

08 July 2020

Research/Transaction banking

Shifting to the New Normal in Card and Digital Payments

07 July 2020 891 downloads

Company update/security

BNY Mellon taps Early Warning for real-time account validation

BNY Mellon today announced a strategic collaboration with risk and payments solution provider Early Warning Services, LLC (EWS).

02 July 2020

Company update/payments

Surecomp unveils trade finance-as-a-service

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its Trade Finance-as-a-Service (TFaaS) suite comprising back-office trade finance management and processing, front-office for banks’ corporate clients, open API connectivity and full access to its Marketplace.

01 July 2020

Company update/payments

BNP Paribas goes live with Swift gpi for Corporates Pay and Trace

After the successful integration of the SWIFT gpi-related information in its global ebanking channel Connexis Cash earlier this year, BNP Paribas is now extending its gpi capabilities with the launch of the g4C Pay and Trace service.

25 June 2020

Company update/regulation

EWUB Luxembourg signs up with BearingPoint for tax reporting

BearingPoint RegTech, a leading international provider of innovative supervisory, regulatory and risk technology solutions (SupTech, RegTech and RiskTech), has won East-West United Bank (EWUB) as a new customer for its established tax reporting solution FiTAX.

25 June 2020

News/retail

Tandem’s Ricky Knox on changing psychologies towards credit amid Covid-19

Ricky Knox, CEO and founder of Tandem Bank reflects on Covid-19’s impact on customers financial health and gives FinextraTV his take on shifting attitudes towards credit, pre and post-pandemic.

18 June 2020

Company update/wholesale

Surecomp releases Fastrade for SMEs

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its new front-office solution Fastrade, designed specifically for small-to-medium sized enterprises (SMEs).

18 June 2020

News/payments

Outsource and collaborate for streamlined SWIFT gpi migration

SWIFT’s universal confirmation of payment deadline set for November 2020 means that firms have a clear window of opportunity to refine and implement SWIFT’s global payment initiative (gpi) for cross-border payments.

17 June 2020

News/payments

Unicredit to ease supply chain finance for corporates with Taulia

Unicredit has teamed up with San Francisco-based fintech Taulia to provide corporate clients with a range of supply chain finance, cash forecasting, electronic invoicing, and dynamic discounting tools.

16 June 2020

News/payments

Payments Canada publishes ISO 20022 messages for new high-value payments system

Payments Canada has announced the availability of ISO 20022 messages for Lynx, the country's new high-value payments system.

15 June 2020

Company update/devops

Surecomp launches Fintech marketplace

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its new fintech Marketplace.

10 June 2020

News/payments

ING spin out Cobase welcomes Nordea and Crédit Agricole CIB as new shareholders

ING spin-out Cobase, a provider of multi-bank treasury management services, has raised €10 million in funding from Nordea and Crédit Agricole CIB.

10 June 2020

Company update/payments

Apifiny launches global settlement network

Apifiny, a San Francisco-based global value transfer network, today announced the official debut of Roxe, the first settlement network designed to enable instant global clearing and settlement of payments and remittances, traditional assets, and digital assets.

09 June 2020

Company update/people

Tradeshift appoints Carrie Dolan as CFO

Tradeshift, the leader in supply chain payments and marketplaces, today announces that Carrie Dolan has joined the company as Chief Financial Officer (CFO).

09 June 2020

News/payments

Federal Reserve kicks Fedwire’s ISO 20022 can down the road

The Federal Reserve has announced it will not implement Phase 1 of the Fedwire Funds Services migration to ISO 20022 during 2020 or 2021. It confirms that it does not have any other message format changes planned through 2021.

03 June 2020

News/payments

Australia central bank mulls lowering e-payments charge

The Reserve Bank of Australia (RBA) is considering reducing the charges applied to certain payments due to the high number of people opting for contactless methods in response to the Covid-19 pandemic.

03 June 2020

Company update/payments

SoftCo ships new accounts payable suite

SoftCo, the leading global software provider, today launched their newest accounts payable automation solution, SoftCo ExpressAP, which delivers 100% non-touch invoice processing, supports remote working and reduces operational costs by 80%.

02 June 2020