Latest Transaction banking News: Finextra Research

Nordea makes Fidesmo Pay available to Swedish Mastercard holders

Fidesmo’s payment offering Fidesmo Pay is now rolling out to more Swedish users as the company announces a new bank collaboration with Nordea for the Swedish market.

20 June 2019

News/Transaction banking

Banks falling behind in digital transformation efforts

Despite investing more than $1trn globally in new technology over the last three years, the majority of banks have yet to see any financial boost from their digital transformation programmes.

20 June 2019

News/Transaction banking

NAB pledges $1.4bn funding for Aussie tech sector

National Australia Bank (NAB) is to commit AUS$2bn ($1.38bn) to support Australia's technology sector.

20 June 2019

Company update/Transaction banking

Visa reveals security roadmap for Singapore business

Visa, the world’s leader in digital payments, announced its Future of Security Roadmap for Singapore, outlining a robust approach for strengthening payments security in the country over the next three years.

20 June 2019

Company update/Transaction banking

JP Morgan launches cross-border digital payments in China

The leading global financial institution J.P. Morgan today announced the launch of E-Customs Payment Solution, making it the first foreign bank in China to offer a solution that fully digitizes and automates cross-border payments of goods. The solution solves common pain points associated with the manual nature of such transactions.

20 June 2019

News/Transaction banking

Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

19 June 2019

News/Transaction banking

BoE issues cyber attack warning

Banks would struggle to defend themselves against a state-sponsored cyber attack that corrupted their records over a period of months, according to a Bank of England (BoE) official.

19 June 2019

News/Transaction banking

Live: EBAday 2019, day two

Payments professionals from across Europe are gathering in Stockholm this week for EBAday 2019, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

19 June 2019

News/Transaction banking

UK fintech salaries on the rise - report

Jobs in the UK's fintech sector have grown by 61% in the last year while demand for skilled workers has seen salaries rise by as much as 25% according to a recently published report.

18 June 2019

Company update/Transaction banking

IOSCOcalls for adherence to cyber risk standards

The Board of the International Organization of Securities Commissions (IOSCO) today issued a final report that provides an overview of three internationally recognized cyber standards and frameworks used by IOSCO members.

18 June 2019

Company update/Transaction banking

Pico appoints new CCO

Pico, a leading infrastructure, connectivity, cloud technology, data and analytics services provider to the financial services industry, today announced the appointment of Emma Wheeler as Pico’s Chief Commercial Officer for Europe, the Middle East and Africa (EMEA) starting this July.

18 June 2019

News/Transaction banking

India to review payments data storage rule

The Indian central bank has been persuaded to reconsider a controversial law that mandates payments data should not be allowed to leave India's borders.

18 June 2019

Company update/Transaction banking

Model Office launches financial stress-test tool

Regulatory technology firm, Model Office, today announces the launch its new financial stress-test tool that will help advice firms easily identify areas they should focus their operational efforts to help them grow their businesses profitably and efficiently.

18 June 2019

Company update/Transaction banking

HSBC calls on Identitii for tokenisation technology

Identitii Limited (Identitii, Company) (ASX:ID8), an Australian FinTech enabling the secure overlay of transaction level detail on top of financial messages using a private blockchain, advises that its customer, HSBC has announced the launch of its Digital Accounts Receivable Tool (HSBC DART) using Identitii’s innovative tokenisation technology, to its corporate clients in India.

18 June 2019

News/Transaction banking

Italy's banks to use DLT for reconciliations

The Italian Banking Association (ABI) has revealed that the country's banks will be using distributed ledger technology (DLT) to run its reconciliations as of March 2020, making it the first use of the blockchain among Italy's banks.

18 June 2019

News/Transaction banking

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019

Company update/Transaction banking

OKCoin and Simplex team up for dollar deposits

OKCoin (www.okcoin.com), a leading fiat-focused digital asset exchange, announced today that it has partnered with Simplex, a FinTech company providing payment processing solutions, to enable international users to make USD deposits via debit or credit card.

18 June 2019

News/Transaction banking

Live: Ebaday 2019, day one

Payments professionals from across Europe are gathering in Stockholm this week for EBAday 2019, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

18 June 2019

News/payments

EBA Clearing gets backing for Request to Pay infrastructure plan

EBA Clearing has won the backing of 24 financial institutions from 11 countries for a new pan-European Request to Pay (R2P) infrastructure solution.

17 June 2019

News/Transaction banking

SIA and Colt win ECB tender for ESMIG connectivity

The European Central Bank (ECB) has awarded a tender to Italian payment processor SIA and telco Colt for the provision of connectivity services to the Eurosystem market infrastructures.

17 June 2019