Latest Transaction banking News: Finextra Research

APAC mobile wallet market to exceed $140bn by 2024 - report

Global APAC Mobile Wallets Market is set to grow from its current market value of more than $35 billion to over $40 billion by 2024; according to a new research report by Global Market Insights, Inc.

17 June 2019

Company update/Transaction banking

Form3 and Ebury awarded grant for building API-based payments platform

The Board of Banking Competition Remedies Ltd (BCR) has announced today that Form3 in partnership with Ebury Partners are awarded £5m funds of the Capability and Innovation Fund Pool D grant.

17 June 2019

Company update/Transaction banking

Digital bank launches in Cambodia

Chip Mong Bank (CMCB) - a newly established bank and subsidiary of local conglomerate Chip Mong Group - chose Compass Plus’ TranzWare to help realise its vision and kick-start its operations in Cambodia.

17 June 2019

Company update/Transaction banking

Paysend launches new stablecoin

Paysend launches a new revolutionary solution for global payments, leveraging the transparency of blockchain technology and a well-established global network.

17 June 2019

News/Transaction banking

Nordic banks to cut compliance staff in favour of robots

Two of the Nordics' biggest banks, Nordea and Danske Bank, expect to significantly reduce the number of staff employed in its compliance and financial crime departments and instead turn to robotics and artificial intelligence.

17 June 2019

Finextra TV/Transaction banking

Introducing Tinkoff's AI Projects

Oliver Hughes, CEO of London-listed Tinkoff Bank, speaks at Money 20/20 about the new developments at Tinkoff, how they are using AI across their business lines, the areas of success they have seen so far and which trends we can expect to see evolve in this space.

13 June 2019

News/Transaction banking

Visa launches DLT-based cross-border payments platform

Visa has officially launched B2B Connect, its distributed ledger-based, non-card platform for high-value corporate, cross-border payments.

11 June 2019

Company update/Transaction banking

Credit Suisse-backed Tradeplus24 launches in Australia

Credit Suisse-backed alternative lending start-up, Tradeplus24, is soon launching into Australia from its headquarters in Switzerland as the first step in its international expansion plans after raising 120 million Swiss francs (AUD173.6 million) in debt and equity in February.

11 June 2019

Company update/Transaction banking

Traydstream, Nokia and three banks team to pilot AI-based rules engine

Traydstream, the machine learning-based trade rules and compliance-checking platform, is excited by a new pilot partnership with Finnish multinational exporter, Nokia Corporation and several of its major advising banks.

11 June 2019

Company update/Transaction banking

Surecomp’s COR-TF secures Swift Certification

Surecomp, the global trade finance fintech leader announced today that COR-TF, a multi-bank corporate trade finance solution, has been awarded the “SWIFT Certified Application – Trade and Supply Chain Finance for Corporates” label for the eighth consecutive year.

11 June 2019

Finextra TV/Transaction banking

Breaking the paradigm: Social benefits from banking

Tom Hewson, Senior Partner, RedCompass, speaks about how banks are tackling low ROE and trying to cut costs while complying to regulation, what opportunities will come from these challenges, what tools are available for FIs who are getting lost in the fog of data and what this means for areas of banking that are less regulated.

10 June 2019

Finextra TV/Transaction banking

Winning partnerships and building a neo bank

Ricky Lee, Founder and CEO of sync & Noel Smith, Business Development Director for Transact Payments Ltd. speak at Money 20/20 Europe about the launch of sync, how it differs from other challenger banks, how they are leading the way with Open Banking and how they are penetrating the competitive market with the help of Transact Payments Ltd.

10 June 2019

Finextra TV/Transaction banking

EQ Bank: Thoughts behind the launch

Dan Dickinson, Chief Information Officer, EQ Bank, speaks at The Temenos Community Forum about the thought behind the launch of EQ Bank, the challenges and successes along the way, the importance of technology and some of the features they implemented as part of the launch.

10 June 2019

Finextra TV/Transaction banking

Money, Tech and Magic brought together

Tracy Davies, President of Money 20/20 Europe, speaks about the theme of the event, 'Alchemy', the thought behind it, what the hot areas of discussion are this year and what problems delegates and speakers are hoping to solve.

10 June 2019

News/Transaction banking

Blockchain benefits limited for retail banks - report

A report from management consultant McKinsey suggests that retail banks have been slower to adopt blockchain technology because they face more challenges in reaping the potential benefits.

07 June 2019

Finextra TV/Transaction banking

Embracing FusionFabric.cloud for integration

Eric Garretson, CFO Fintech Strategy Leader, nbkc bank, and Hannah Wallace from Finextra speak at FusionONE about how Community Banks and Credit Unions need to embrace new technology to survive, how platforms like FusionFabric.cloud can help smaller financial institutions and the use of AI in banking business models.

07 June 2019

Company update/Transaction banking

Entrust Datacard completes nCipher Security acquisition

Entrust Datacard, a leading provider of trusted identity and secure issuance technology solutions, completed its previously-announced acquisition of nCipher Security, formerly Thales's market-leading general purpose hardware security module (HSM) business.

07 June 2019

News/Transaction banking

S Korea bemoans slow pace of its fintech market

An immature ecosystem and a lack of competition is slowing down South Korea's fledgling fintech industry according to the country's financial regulator

07 June 2019

Company update/Transaction banking

Alogent acquires lending software provider Finance Genius

Alogent (www.alogent.com, @AlogentCorp), a global banking and financial software leader, serving banks and credit unions in the U.S. and abroad, today announced the expansion of its product portfolio with the acquisition of the FinanceGenius™ suite of lending software from IntelliEngines, Inc.

07 June 2019

News/Transaction banking

Credit Agricole sets €15bn tech budget through 2022

French bank Credit Agricole (CA) is set to spend €15 billion on new technology over the next four years as part of its digital transformation.

06 June 2019