Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Swift to open KYC Registry to corporates

Interbank messaging network Swift is to open its KYC Registry to corporates, providing a central hub for document exchange with multiple banking partners and eliminating duplication and ineffeciency.

12 February 2019

Company update/Transaction banking

LC Lite launches to replace Letters of Credit with smart contracts

LC LITE is the first blockchain-based platform connecting trade parties directly via a digital solution for cross-border trade transactions requiring Letters of Credit.

11 February 2019

Finextra TV/Transaction banking

Industry challenges around IBOR Transition

Andrew Kouloumbrides, CEO, Xceptor and Bruce Laing, Partner, IBOR Transition lead, Baringa, speaks about the industry challenges around IBOR Transition, what Financial Institutions have done up to date to meet these challenges and what to expect next.

11 February 2019

Company update/Transaction banking

TD Bank: Treasury professionals anticipate benefits from blockchain

Treasury and finance professionals anticipate more operational challenges in 2019 than in previous years, according to a recent survey conducted by TD Bank, America's Most Convenient Bank, at the 2018 Association for Financial Professionals Annual Conference in Chicago, Illinois.

08 February 2019

Finextra TV/Transaction banking

FinTech, RegTech & The Role of Compliance

Stacey English, Head of Regulatory Intelligence, Thomson Reuters, speaks about how regtech is changing compliance, the challenges firms need to overcome to be able to implement new technology like regtech, what impact regtech will have on compliance functions in practice and how engaged compliance and boards are in the assessment and adoption of new technology.

08 February 2019

Company update/Transaction banking

Secure Trading picks AEVI for cloud payment app

Secure Trading / acquiring.com has announced today the extension of their its solution (acquiring.com), thanks to the addition of AEVI’s vendor-agnostic payment app, and smart point-of-sale solution.

05 February 2019

News/security

New York Fed to help Bangladesh Bank in $81 million cybercrime suit

The New York Federal Reserve is to assist Bangladesh Bank in a legal challenge to recoup $81 million stolen in a massive cyber heist in 2016.

04 February 2019

News/Transaction banking

Funding Options heads to Europe with ING partnership

UK-based online business finance marketplace Funding Options is launching in the Netherlands with the backing of local bank ING.

04 February 2019

Company update/Transaction banking

IBM reports successful blockchain-based trade shipment

Pacific International Lines (“PIL”) has used an electronic Bill of Lading (e-BL) built on the IBM (NYSE: IBM) Blockchain Platform in a successful real-time pilot tracking shipment of mandarin oranges from China for the Lunar New Year celebrations.

01 February 2019

Company update/Transaction banking

Commerzbank: Bank Payment Obligation can act as a gateway for further trade finance technologies

In the face of slow market adoption for the Bank Payment Obligation (BPO), which serves as a legally binding undertaking to execute payment for goods or services, Commerzbank has launched a new whitepaper, “Leading the path of digital evolution”, which explores how to boost BPO adoption among banks and – crucially – their corporate customers.

31 January 2019

Finextra TV/Transaction banking

Trust, Identity and Security around Open Banking

John Knuff, Vice President of Global Ecosystems, Equinix, speaks about trust, identity, and cross-border payments, and how open banking, PSD2 and fintech partnerships are changing the financial ecosystem.

30 January 2019

Finextra TV/Transaction banking

Testing in a customer experience context

George Stein, Business Development UK, XMLdation, speaks at NextGen Banking Nordics about trends in the payments and API space, whether testing is becoming more relevant and how this relates to the customer experience.

30 January 2019

News/Transaction banking

Ecosystem must evolve to make euro instant payments a success

Real-time euro payments are already here – but there’s wider work to do to serve corporate needs, says Thomas Egner, secretary general, Euro Banking Association.

30 January 2019

Company update/Transaction banking

TreasuryXpress and eBury forge partnership

TreasuryXpress, the global leader in on-demand treasury management solutions today announced its partnership with Ebury Partners, a leading FinTech and global finance specialist to empower mid-market treasuries with broader access to more cost-effective cross-border transaction banking services through intelligent end-to-end trading and treasury solution.

29 January 2019

Company update/startups

Minneapolis’ Apruve raises $6 million in funding

Apruve, a B2B credit automation platform, today announced that it closed on $6 million in its Series A financing led by Cloud Apps Capital Partners with participation from TTV Capital and Allegis Capital.

25 January 2019

Company update/Transaction banking

Bellin becomes early adopter of Swift gpi for Corporates

BELLIN, a global leader in providing web-based treasury software and services for multinational corporations, is once again working directly with SWIFT to develop a pioneering new service.

23 January 2019

Company update/payments

Swift reports double-digit growth in message volumes

SWIFT’s figures show an average of 31.31 million messages a day in 2018 as its annual traffic rose to an all-time high of over 7.8 billion.

23 January 2019

Finextra TV/Transaction banking

SFTR reporting for end users

Andrew Kouloumbrides, CEO, Xceptor and Val Wotton, Managing Director, Product Development & Strategy, Derivatives & Collateral Management, DTCC, talk about the challenges around Securities Financing Transaction Regulation (SFTR) reporting for end users and what firms can do in preparation for upcoming compliance obligations.

22 January 2019

News/payments

Barclays and Santander invest in MarketInvoice

Barclays and Santander InnoVentures have led a £26 million Series B funding round in online invoice financing platform MarketInvoice.

21 January 2019

News/Transaction banking

Swift introduces Pay Later API for instant loan financing

Interbank payment network Swift is pushing an API standard which will enable banks to provide instant loan approvals for customers at the point-of-sale.

16 January 2019