Latest Transaction banking News: Finextra Research

Company update/payments

PNC provides intelligent routing for treasury payments

PNC Treasury Management today announced that it now offers intelligent payment routing capabilities.

21 October 2019

Bank of America upgrades CashPro

Bank of America is leading the future of digital transformation with its continued investment in CashPro, the platform used by thousands of businesses around the world to manage payments, receivables and deposits.

21 October 2019

News/payments

Mastercard launches payment on delivery service for businesses

Mastercard is working with PNC Bank to pilot a system that lets businesses pay suppliers in real-time when receiving goods or services.

21 October 2019

Finextra TV/Transaction banking

Leveraging the pivot point in payments

Peter Hazou, Director of Business Development, Financial Services, Microsoft, Paul Thomalla, Global Head of Payments, Finastra, and Gareth Wilson, Managing Director, Global Payments, Accenture, join FinextraTV to discuss digital transformation in the payments space. Hazou, Thomalla and Wilson delve into why we've reached a pivot point in the payments landscape, payments compliance requirements, pressure on payments revenue, fintech competition, and future proofing in the digital transformation process.

21 October 2019

Company update/ai

Planixs adds AI to real-time liquidity product

Planixs, the leading provider of real time, intraday cash, collateral and liquidity management solutions, today announced the introduction of artificial intelligence (AI) technology into its existing product suite.

21 October 2019

Company update/Transaction banking

Standard Chartered to offer domestic cash management services in Europe following tech overhaul

Standard Chartered will offer clients an extensive range of cash management services out of London and Frankfurt covering the UK and Eurozone countries, following investment in a new cash management infrastructure.

18 October 2019

Company update/payments

Bank of America releases Accounts Payable Optimization toolkit

Businesses large and small have a common challenge: choosing the best, most efficient payment channels for hundreds or thousands of recipients.

18 October 2019

Finextra TV/Sibos

FinextraTV @ Sibos2019 – The Big Themes #3: Regulation

FinextraTV reports from Sibos 2019 in London on the impact of Regulation on the industry. In this, final episode, we learn about how Banks are adapting to the changing regulatory landscape, whether the cost of compliance outweighs the value of innovation, what success in this space demands and whether regulation will be able to keep up with the pace set by the tech giants. Standard Chartered, Deutsche Bank, Nordea, LHV, KPMG and Crown Agents Bank are among the many leading institutions to share their views exclusively with Finextra Research.

18 October 2019

News/Transaction banking

IoT and blockchain to the fore in CIMB trade finance transaction

The Singapore branch of CIMB Bank Berhad has completed a trade financing transaction for the import of dairy products into China using IoT cargo sensors and a distributed ledger platform from blockchain firm iTrust.

18 October 2019

News/regulation

Fed governor warns of 'core' regulatory challenges facing Libra

Facebook's Libra project will need to address core legal and regulatory challenges before it can facilitate a single payment, US Federal Reserve governor Lael Brainard has warned.

17 October 2019

News/cloud

Old Mutual enlists AWS for cloud migration

African financial services giant Old Mutual is moving to the cloud, with Amazon Web Services (AWS) as its preferred provider.

16 October 2019

Company update/Transaction banking

Deutsche Bank to implement Tieto’s Virtual Account Management platform

Deutsche Bank AG today announced that it has signed a Letter of Intent with Tieto, a leading Nordic provider of IT software and services, to leverage the company’s product suite to transform its existing Virtual Account services towards an extended offering that will open up new opportunities for corporate treasurers.

16 October 2019

Finextra TV/Transaction banking

Insights from The Temenos Value Benchmark Program

Kanika Hope, Strategic Business Development Director, Temenos, speaks at Sibos 2019 about the launch of The Temenos Value Benchmark Program, some of the key insights that the benchmark has revealed about the trends in the industry and examples of how the Benchmark has helped participating banks.

16 October 2019

Finextra TV/Transaction banking

Customer benefits in the digital payments space

Andreas Burner, Chief Innovations Officer, SmartStream & Roland Brandli, Product Manager SmartStream, United Arab Emirates, speak at Sibos about developing new and innovative services, the benefits for the customer, the launch in the digital payments space, how to handle the volume of payments and the future in this space.

15 October 2019

Finextra TV/Transaction banking

Partnerships in the cloud key for neobank success

Peter Cronin, senior director business development - Europe and APAC speaks at Sibos about the flourishing NeoBanking Sector, how it is developing, access to instant payments and how neobanks aggregate services around this, how this is dependant of partnering in the cloud and how this space will evolve.

15 October 2019

Finextra TV/Transaction banking

Adapting to the Experience Economy together

Sumit Aggarwal, Head of Transaction Banking Services, Emarites NBD Bank & Robert Cummings, Global Head FSI Solutions, SAP, speak about the power of partnerships, how the industry is becoming less siloed, how SAP has transformed the Emirates brandin and the changing experience economy.

15 October 2019

News/Transaction banking

Citi Ventures invests in cash flow forecasting outfit Cashforce

Citi Ventures has joined Amsterdam VC Inkef Capital in co-leading a EUR5 million round in cash forecasting and working capital vendor Cashforce.

15 October 2019

Company update/security

NAB releases cyber security toolkit for small businesses

As the global cost of cybercrime looks set to top $6 trillion by 2021, National Australia Bank (NAB) is taking action to help businesses understand how they can better protect themselves from cyber criminals.

14 October 2019

Finextra TV/Transaction banking

Top EMEA trends: Profitability, automation and personalisation

Sudheer Padiyar, Senior Vice President & Head, EMEA, SunTec, speaks about trends in EMEA, how banks are focusing on their profitability, automation and how they are tackling their back office processes along with making their services more personalised.

14 October 2019

News/Transaction banking

Italian bank blockchain project passes technical tests

The Italian Banking Association (ABI) says the country's major banks could be ready to use distributed ledger tech to run interbank reconciliations by March next year, after pilot tests proved its capability.

14 October 2019