Latest Transaction banking News: Finextra Research

Company update/payments

Wells Fargo joins DadeSystems Series D

DadeSystems, a leading Fintech provider of integrated receivables solutions, announced today additional funding provided by Wells Fargo Strategic Capital as part of a Series D financing round.

27 February 2020

News/Transaction banking

UniCredit signs long-term payment processing deal with equensWorldline

UniCredit has signed a long-term payment processing deal with equensWorldline to handle all Sepa (Single Euro Payments Area) transations, instant payments, multi-currency, domestic and high value payments in Austria and Germany.

27 February 2020

News/crypto

Bank of Canada won't issue digital currency - yet

The Bank of Canada has no plans to issue its own digital currency, but says this could change if cash usage drops off significantly or private options such as the Facebook-backed Libra gain widespread adoption.

27 February 2020

Finextra TV/startups

Thinking Strategically about Innovation

Ad van der Poel, Co-Head of Product GTS, EMEA, Bank of America, speaks to Hannah Wallace, FinextraTV at Merchant Payments Ecosystem 2020 in Berlin about the trends and innovations we are seeing across Europe, from Open Banking and real-time payments to data and regulation. We question at what point the cost of compliance may outweigh the value of innovation, how Bank of America is innovating their payments business and the strategic advice they are giving their customers following these innovations.

26 February 2020

Company update/Transaction banking

BNP Paribas to launch Virtual Account Management platform

BNP Paribas is scheduled to launch its Virtual Account Management platform with pilot corporates in July 2020.

26 February 2020

Finextra TV/payments

The Evolution of Open Banking beyond Europe

Jim Wadsworth, SVP Open Banking at Mastercard spoke to Hannah Wallace, FinextraTV at Merchant Payments Ecosystem 2020 in Berlin about how things have moved on with Open Banking and the part regulation has played moving European intervention along. We learn about the impact innovation and collaboration has had on the merchants payments industry, areas where we are seeing the greatest growth such as India and what progress we are making in areas where cash-based transactions still reign.

26 February 2020

Finextra TV/cloud

Spotlight on Stream Processing and Machine Learning

David Brimley, Financial Services Industry Consultant, Hazelcast, speaks to FinextraTV about what financial services firms are doing with machine learning and what firms should consider as they progress through their machine learning journey. He explains how streaming data fits in financial services, how firms can ease into streaming without going through a complete re-architecture of their systems and how financial services technologists need to keep an eye on developments in In-memory computing, Cloud and Containerization.

25 February 2020

Finextra TV/retail

Top trends for Merchants: Platforms, Scale, Regulation and cheap Technology.

Ron Kalifa, Chairman, Network International, opened Day 1 at the Merchant Payments Ecosystem in Berlin speaking amongst a panel of industry leaders on trends that are arising and setting the tone for the Year 2020. He shares with Hannah Wallace from FinextraTV what it takes to successfully lead a company in such an ambiguous market, how payments companies need to anticipate changes in platform technology, the challenges aground scalability and the hurdles regulation will bring.

25 February 2020

Finextra TV/regulation

The Benefits of Fintech, Regtech and the Role of Compliance in 2020

Susannah Hammond, Senior Regulatory Intelligence Expert, Thomson Reuters Regulatory Intelligence, speaks off the back of the Fintech, Regtech and the Role of Compliance Report 2020, about the benefits fintech and regtech offer, their operational efficiencies and effectiveness, the improved services for customers and greater business opportunities they provide. Susannah also sheds light on why some firms haven't deployed fintech or regtech, what's stopping them and how the concern about lack of skills is being addressed.

25 February 2020

Finextra TV/sustainable

Sound advice on Sustainable Investing

William Armitage, Head of Business Development at Route2, sat down with Richard Peers to discuss Route2’s role advising both corporates and investors. If Sustainable Investing is about understanding the data that informs the value of the underlying asset, then Route2’s 'Total Capital Accounting' approach for evaluating and understanding societal impact and its connection to value creation and value erosion, has to be an approach worth greater consideration. Will talks through one of Route2’s corporate case studies The Crown Estate, and offers fascinating insight into how the many sources of data they consume are advancing their Investor Analytics solution.

20 February 2020

News/Transaction banking

Standard Chartered hires former Ripple/Facebook exec van Dyke as digital channels lead

Standard Chartered has hired former Ripple and Facebook executive Kahina van Dyke to spearhead digital channels and data analytics in its corporate bank.

19 February 2020

News/Transaction banking

Citi invests in blockchain-based trade finance network Contour

Citi has become the latest banking giant to take a stake in Contour, the blockchain-based trade finance platform which made its commercial launch last month.

18 February 2020

Company update/Transaction banking

ING selects Tradeteq to distribute commodity trade finance exposure to non-bank investors

ING Group (“ING”), the global financial institution with a strong European base, has partnered with Tradeteq to distribute its commodity trade finance exposures to non-bank institutional investors.

18 February 2020

News/payments

Swift gpi transferred $77 trillion in 2019

Almost doubling the $40 trillion transferred in 2018, Swift’s transmission of $77 trillion in cross-border payments messages over the gpi platform during 2019 implies that demand for the programme is becoming entrenched in the bank-to-bank space.

18 February 2020

Company update/payments

RBC first in Canada to offer Interac e-Transfer: Bulk Request Money feature

There are many tasks involved in running a smooth business operation. Among them is the efficient and cost-effective management of accounts receivables which is critical to maintaining a healthy cash flow.

13 February 2020

Company update/payments

Swedbank connects to EBA Clearing's RT1 with SIA and TietoEvry

Swedbank, the major bank in the home markets of Sweden, Estonia, Latvia and Lithuania, has selected SIA, the leading European hi-tech company in the payment services and infrastructures sector, to enable instant payments through RT1, EBA Clearing’s panEuropean system with the real-time payments platform of TietoEVRY, a leading digital services and software company.

13 February 2020

Company update/payments

Ibos names Manoj Mistry as managing director

International banking network IBOS Association is delighted to announce the appointment of its new Managing Director, Manoj Mistry.

10 February 2020

Company update/Transaction banking

Xceptor to automate core processing for Deutsche Bank in Indonesia

Deutsche Bank’s Corporate Bank and Xceptor today announced their partnership to automate the bank’s core processes in Indonesia, as part of its broader optimization and digitization strategy.

10 February 2020

News/Transaction banking

EBAday 2020 to address 'the turning point in payments transformation'

Registration has opened for EBAday 2020, Europe's premier payments and transaction banking conference, taking place this year in The Hague between 19-20 May.

07 February 2020

News/Transaction banking

Nacha applies blockchain tech to payment information exchange

US clearing house Nacha is to use blockchain technology to build Phixius, an online platform to ease the exchange of payment-related information between companies.

07 February 2020