Latest Transaction banking News: Finextra Research

Company update/retail

Research casts doubt on future of high street banking

A quarter of the UK (25%) believe the high street bank will be ‘dead’ in five years, according to new research conducted by Contis, the banking and payments solution provider.

03 June 2019

Company update/Transaction banking

SMEs benefit from cashless payments says study

The trend of card payment at the point of sale (POS) continues in Germany: Today more than half (52%) of customers prefer to pay cashless. This development towards digital payment offers significant potential for increases in sales and efficiency as well as cost reduction for small and mid-sized enterprises (SMEs).

03 June 2019

Company update/Transaction banking

Pannovate and Bankingblocks join forces to offer platform for neobanks

Successful banking disruptor Bankingblocks and smart solutions provider Pannovate Limited have partnered to bring to market a complete banking solution for neo and challenger banks.

03 June 2019

Finextra TV/Transaction banking

Explainable AI in banking

Rajiv Desai, SVP for US Operations & Sales, Pelican, speaks at NextGen Banking London about Explainable AI in banking, the key challenges for banks in applying AI to their existing processes and how they can practically go about incorporating specific AI skills into their existing solution offering.

03 June 2019

News/Transaction banking

China UnionPay to offer European credit cards

The world's biggest card issuer, China UnionPay, has stepped up its European ambitions after striking a deal with a UK back-office startup, Tribe Payments, that will see it offer debit and credit cards in Europe.

03 June 2019

News/Transaction banking

WorldRemit nets $175m in latest financing round

UK-based mobile payments firm WorldRemit has raised $175m in a series D funding round that it says will be used to launch a new payments business aimed at the small and medium enterprises (SME) sector.

03 June 2019

Company update/Transaction banking

Penta appoints new CEO

The digital business banking provider Penta is expanding its management team.

03 June 2019

Finextra TV/Transaction banking

Making Open Banking Mainstream

Jim Wadsworth, SVP Open Banking, Mastercard, speaks about the significance of Open Banking in Financial Services , how fast we can expect open banking to become mainstream, what the challenges along the way will be and what what role traditional players will play.

03 June 2019

Finextra TV/Transaction banking

Finastra's vision and the thought behind FusionONE

Martin Häring, CMO at Finastra, speaks to Hannah Wallace, Finextra at FusionONE about Finastra's vision to develop an open platform to empower and unlock the potential of people, business and communities, what has prevented innovation in the past for Financial Institutions and where FusionFabric.cloud fits in.

31 May 2019

Finextra TV/Transaction banking

APIs and open platforms excite banking leaders at FusionONE 2019

Finextra’s Hannah Wallace reports on day one of the FusionONE open banking developer conference. We hear how Finastra’s vision for the future of banking re-engineered upon APIs and open platforms has excited banks and partners. RBS, nkbc, ING, Credit Suisse, ClearBank, Amsterdam Trade Bank are among some of the many leading financial institutions to share their first impressions exclusively with Finextra Research.

31 May 2019

Company update/Transaction banking

CBM Connects to NSD’s Swift Service Bureau

Credit Bank of Moscow (CBM) has connected to the SWIFT Service Bureau of National Settlement Depository (NSD).

31 May 2019

Finextra TV/Transaction banking

Business benefits of AI from a Product Development point of view

Ekene Uzoma, VP Digital Product Development, State Street speaks at NextGenBanking London, The AI Revolution, about how State Street is benefiting from the use of AI, the impact it has on the services they offer to customers and whether you should begin by looking at managing data or understanding customer requirements first.

30 May 2019

Company update/Transaction banking

FSB updates on work to address decline in correspondent banking relationships

The Financial Stability Board (FSB) today published two reports as part of its work:

29 May 2019

News/Transaction banking

Innovation driving digital acceleration in Latin America

Swift's Latin American Regional Conference (LARC) explored how banks in the region are looking to increase digitisation, while managing cyber and compliance challenges.

29 May 2019

Finextra TV/Transaction banking

Discussing AI and Human Capital

Karan Jain, Head of Technology Europe and Americas, Westpac, speaks at NextGenBanking London, The AI Revolution, about how disruptive AI going to be across financial services, whether banks are suitably positioned to exploit AI and how AI impacts the skills of people and business models.

29 May 2019

Company update/Transaction banking

Marco Polo blockchain network completes EU to Asia trade transaction

Bangkok Bank and Commerzbank have jointly run an international trade transaction based on Distributed Ledger Technology (DLT).

29 May 2019

News/startups

Barclays invests in blockchain-based invoice exchange startup Crowdz

Barclays has led a $5.5 million Series A funding round for Crowdz, the Silicon-Valley startup behind a global, blockchain-based invoice exchange vowing to revolutionise the $9 trillion receivables market

29 May 2019

Finextra TV/Transaction banking

Tangible areas of AI in your business

Dan Reid, CTO and Founder, Xceptor, speaks at NextGen Banking London, The AI Revolution, about some of the most tangible areas where AI has demonstrated maximum benefit, whether AI is the panacea that some of the hype might suggest and what new lines of revenue AI presents.

28 May 2019

Company update/Transaction banking

New data on correspondent banking networks shows 20% reduction in relationships over seven years

The number of correspondent banking relationships has shrunk by 20% over the past seven years, according to analysis of new data, published today by the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing and settlement services.

28 May 2019

Company update/Transaction banking

ICC warns of regulatory overkill in trade finance sector

The International Chamber of Commerce (ICC) Banking Commission has today released a whitepaper urging the trade finance industry to work together to ensure that regulation does not hinder the availability of trade finance and remains relevant in a digital landscape.

28 May 2019