3336 articles tagged with this keyword
News/payments
A group of Italian banks has gone live with a distributed ledger technology-based system for the reconciliation of reciprocal accounts.
28 April 2020
News/wholesale
Trade finance technology supplier Surecomp has released a set of API interfaces and a sandbox testing environment for banks and third party developers, as the spread of Covid-19 disrupts traditional paper-handling processes.
JP Morgan is teaming up with working capital fintech outfit Taulia to offer its clients new trade finance options.
Emirates NBD has recorded a rush of corporate customers moving to digital channels as businesses respond to the UAE's #StayHome directives.
27 April 2020
London-based Tradeteq has received funding from Singapore's central bank on a project to develop quantum computing-based credit scoring methods for companies.
Company update/wholesale
Barclays is extending its support to businesses not covered by the Coronavirus Business Interruption Loan scheme, and not eligible for support under the COVID-19 Corporate Finance Facility, through the launch of the Coronavirus Large Business Interruption Loan scheme.
21 April 2020
Company update/payments
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced that Jumhouria Bank, the biggest bank in Libya, has successfully gone live on SmartStream’s solution for the reconciliations of cash payments - the first of a two phase implementation to consolidate and automate the reconciliation process across its 170 branches to deliver real-time operational control.
20 April 2020
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance distribution transactions using Blockchain technology.
17 April 2020
News/regulation
The International Chamber of Commerce has called on Governments and central banks the world over to nullify any rules inhibiting the use of paperless trading, in order to mitigate the disruptive impact of Covid-19 on trade finance transactions.
With a new migration date set for November 2022, Swift’s community must be prepared to adopt the data-rich ISO 20022 for cross border payments in under 24 months. The deadline delay proves just how challenging this project has been for financial institutions across the payments landscape.
15 April 2020
Research/Transaction banking
08 April 2020 693 downloads
Contour, the open trade finance network, has today announced its partnership with Chinsay, the leading technology company in supply chain data capture and risk management, as an order partner to enhance its offering to trade finance professionals.
31 March 2020
HSBC has forged a partnership with Chinese logistics firm Cainiao to offer fast trade finance loans to online merchants using Alibaba's Tmall platform in Hong Kong.
20 March 2020
With a newly updated version of Global Net Cash, BBVA takes another step forward in the digital transformation of banking for global businesses and institutions. In the current context,
19 March 2020
Company update/Transaction banking
Crédito Agrícola and Ebury signed a partnership that will allow the bank's corporate clients to carry out foreign currency exchange and cross border transactions completely online.
SAP SE (NYSE: SAP) and Goldman Sachs today announced that they have joined forces to make it easier for companies to do business with the millions of suppliers worldwide on Ariba Network, where more than US$3.2 trillion in commerce is transacted annually.
18 March 2020
Swift is to delay the original ISO 20022 migration date for cross border payments by 12 months, from November 2021 to the end of 2022, as banks struggle with decommissioning and preparing existing infrastructure for the transition.
16 March 2020
News/Transaction banking
Banco Santander is to acquire a majority 50.1% stake in Spanish trade finance software house Mercury TFS through a €30 million investment.
13 March 2020
Following an evaluation period in 2019, Crédit Agricole CIB has announced that it is entering a pilot phase on the Marco Polo Network, one of the largest and fastest growing trade and working capital finance networks in the world, focusing on bringing significant efficiencies in trade, receivables and supply chain financing.
12 March 2020
Accuity, a leading global provider of financial crime screening, payments, and know your customer (KYC) solutions, and part of RELX, announced today that it has acquired Apply Financial Limited (Apply Financial).
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