Latest Transaction banking News: Finextra Research

Bank of England calls for feedback on CBDC creation

The Bank of England is calling for input from industry and the public on the pros and cons of introducing a central bank digital currency (CBDC).

12 March 2020

News/Transaction banking

EBAday pushed back to November

After much deliberation, and with the health and safety of all attendees uppermost, Finextra and the Euro Banking Association have decided to push back the date of this year's EBAday conference to 25-26 November.

12 March 2020

News/Transaction banking

Standard Chartered joins TradeLens

Standard Chartered has become the first financial institution to join the TradeLens blockchain-enabled container logisitics platform developed by IBM and Maersk.

11 March 2020

Finextra TV/payments

Managing systemic change across European payments

Tom Callaert, Senior Payments Expert - Securities Initiatives & Payment MIs, SWIFT speaks to FinextraTV about the main effects on the European payments industry of the Eurosystem and EURO1 market infrastructure migrations to ISO 20022, the impact of having different market infrastructures migrate at different times and the lessons learnt so far from the Target2 consolidation project.

11 March 2020

Finextra TV/retail

Facing the challenges around risk regulation and compliance

Paul Adams, International Payments Director, Barclaycard speaks to Hannah Wallace, FinextraTV at Merchant Payments Ecosystem 2020 in Berlin about the importance of driving a common strategy within a business, how to adapt to the increasingly demanding needs of banking customers and the main challenges today around governance, risk and ensuring compliance with internal and external rules, regulations and legislations.

10 March 2020

Company update/payments

Jack Henry integrates with SilverLake core platform to streamline accounts receivable financing

Jack Henry & Associates, Inc. announced that BusinessManager has been fully integrated into the SilverLake System core platform to streamline accounts receivable (A/R) financing.

10 March 2020

Company update/Transaction banking

Sumitomo Electric Industries joins CLSSettlement as a third-party participant

CLS, a market infrastructure delivering settlement, processing and data solutions, announced today that Sumitomo Electric Industries (SEI) is the first Japanese manufacturing company to access CLSSettlement as a third-party participant.

09 March 2020

Company update/Transaction banking

KBC and iController join forces for better credit management

On 2 March a new collaboration between KBC and software company iController started.

06 March 2020

News/sustainable

IBM blockchain partner: Rival companies must join forces for common sustainable goals

Using blockchain and other technologies to work towards sustainable goals requires companies to break the current way of thinking in business, according to Anthony Day, blockchain partner at IBM.

06 March 2020

Finextra TV/regulation

The challenges of regulation & standards for merchants

Andrew Cregan, Policy Adviser – Payments & Consumer Credit, British Retail Consortium Boris Griesinger, Head of Payment & Finance Projects, HUGO BOSS, speak to FinextraTV's Hannah Wallace at Merchant Payments Ecosystem 2020 in Berlin about the challenges merchants are facing in the payments and retail space today, whether after MIF regulation on interchanges, we need a scheme fee regulation and what the next round of merchant payments innovation will be and where it will come from.

05 March 2020

Finextra TV/security

PSD2 & Strong Customer Authentication in 2020

Martin Sweeney, CEO, Ravelin & Nilixa Devlukia, FOUNDER, Payments Solved, spoke to FinextraTV at Merchant Payments Ecosystem 2020 in Berlin about the re-energising of PSD2 preparation and how merchants are taking back control, following the regulators, of their exemptions, transaction risk analysis, fraud detection and payment processes. We learn about the importance of consumer and merchant awareness around SCA implementation, how merchants can avoid the risk of cart abandonment and fraud, the changes in technology needed and what's next after SCA.

05 March 2020

News/Transaction banking

UAE bank NBF opens Indian remittance corridor with RippleNet

UAE-based National Bank of Fujairah is to provide customers with real-time cross-border funds transfers via the RippleNet network.

04 March 2020

Company update/payments

Marie-Anne van den Berg joins Banking Circle

Financial infrastructure provider, Banking Circle, which announced it had secured its Banking Licence at the end of February, has added another member to its Executive Board, bolstering its banking expertise.

04 March 2020

Company update/Transaction banking

International Chamber of Commerce pushes Digital trade Standards Initiative

The International Chamber of Commerce (ICC) has launched the Digital Trade Standards Initiative (DSI) – a collaborative cross-industry effort to enable the standardisation of digital trade.

04 March 2020

Company update/Transaction banking

SmartStream engages in post-trade alliance with Luxoft

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, and Luxoft, a DXC Technology Company (NYSE: DXC), today announced an agreement to help financial institutions digitally transform the entire post-trade lifecycle, enabling more efficient, streamlined and cost-effective middle- and back-office operations.

03 March 2020

Company update/Transaction banking

OCBC runs first transaction on Singapore Customs’ electronic Banker’s Guarantee programme

OCBC Bank became the first bank to leverage Singapore Customs’ electronic Banker’s Guarantee programme which was launched today, issuing an electronic banker’s guarantee (eBG) to Singapore Customs on behalf of vCargo Cloud, a leading Infocomm Technology solution and service provider that performs customs declaration services for forwarders and shippers.

02 March 2020

News/Transaction banking

FCA reports a drop in suspicious transactions

The number of suspicious transaction and order reports (STORs) recorded by the UK's Financial Conduct Authority (FCA) has reduced for the first time since records began in 2016

28 February 2020

News/Transaction banking

Pope weighs in on AI ethics debate

The Pontiff is the latest public figure to offer an opinion on the ethics of using artificial intelligence (AI), issuing a set of principles on the use of new technology.

28 February 2020

News/Transaction banking

Euro agencies to develop blockchain forensics

Two defence agencies in Austria and France are joining forces to improve cryptocurrency security and tackle the rising rate of crime in the crypto market.

28 February 2020

News/Transaction banking

Coronavirus: DBS pushes 'contact free' digital banking

As the coronavirus continues to spread, Singapore's DBS has outlined a series of digital measures designed to give its business clients "contact free" banking.

28 February 2020