Latest Transaction banking News: Finextra Research

Payments firm Countingup debuts invoicing feature

As a number of old-school banks struggle to maintain their technology, leading UK “challenger” business banking provider Countingup becomes the first to offer invoicing, automated payment matching and expense tracking.

09 January 2019

Company update/Transaction banking

Cass Business School teams up with universities for startup lessons

Cass Business School, in partnership with the University of Oxford and Bocconi University, have this week launched Strategy Insight Lab, a three-month business support programme for UK based microbusinesses and start-ups.

09 January 2019

Company update/Transaction banking

Tyro intgrates Alipay with Sydney airport retailer

Australia’s business-only bank Tyro, announced its next Alipay integration with Sydney Airport tax and duty-free retailer Heinemann Australia, where the payment system is now live.

09 January 2019

Finextra TV/Transaction banking

Trends of the foreign exchange today

Angus Scott, Head of Product, CLS, speaks at Sibos about the major trends around foreign exchange settlement today, what initiatives CLS are taking to attract more users and volumes over the CLS Settlement service and how the increasing adoption of new technology is impacting the services CLS provides today.

08 January 2019

News/Transaction banking

TrueLayer celebrates Open Banking anniversary with API expansion to Germany

TrueLayer will now offer Deutsche Bank, Sparkassen, Commerzbank and other major German banks direct access to financial data following the first international move for the European API provider.

08 January 2019

News/Transaction banking

Google gets payments licence in Ireland

Ireland's central bank has granted authorisation for Google to operate as a payments institution, a move that could see the big tech giant significantly expand its financial services offerings across the European Union.

07 January 2019

Company update/Transaction banking

Ohpen hires new CEO

After being ten years at the helm of core banking provider Ohpen, founder Chris Zadeh (43) transfers the CEO position to Matthijs Aler (42) per January 1st 2019.

07 January 2019

News/Transaction banking

Lights, camera, action! Finextra TV highlights 2018

It’s been a busy year for the Finextra TV team, posting 251 video interviews with leading industry figures during the course of 2018. Here are the top five by viewing figures.

21 December 2018

News/Transaction banking

2018: The future of banking in the spotlight as digital trends take hold

As Finextra pulls the shutters down on 2018, we take a look back at our most popular news items and community engagement activities over the course of the past year. The site will re-open for business on 2 January 2019.

21 December 2018

News/Transaction banking

Finextra Research roundup: AI and Digital ID to the fore

Some very interesting narratives have emerged over the course of 2018 through Finextra’s reports, most of which we expect to progress into increasingly diverse and innovative discussions during 2019.

21 December 2018

Company update/regulation

UBS fined $15 million for AML ovesight failings

FINRA announced today that it has fined UBS Financial Services Inc. (UBSFS) $4.5 million and UBS Securities LLC (UBSS) $500,000 for failing to establish and implement anti-money laundering (AML) programs reasonably designed to monitor certain high-risk transactions in customer accounts.

19 December 2018

Company update/Transaction banking

Icici Bank revamps Trade Online platform

ICICI Bank today announced that it has revamped its ‘Trade Online’ platform, for export/import transactions by introducing an array of new digital services on it, majority of which are unique in the industry.

19 December 2018

Company update/Transaction banking

OCBC Bank rolls out digital account opening for multinational corporates

OCBC Bank has rolled out a digital account opening service that simplifies account openings for multi-national companies (MNCs) and other large corporate customers – a first by a bank in Singapore.

18 December 2018

Finextra TV/Transaction banking

Innovating from the outside in

Craig Young, Chief Information Officer, SWIFT, speaks at SOFE 2018 about the importance of innovation to SWIFTS growth and relevance for the future and which technology trends in the market are most promising.

18 December 2018

Finextra TV/Transaction banking

Easing payment friction with payment pre-validation

Marc Delbaere, Head of Corporates and Trade, SWIFT, speaks about how SWIFT is driving transformation in cross border payments, how payments pre-validation would help ease payments friction for banks and what barriers remain around the adoption of pre-validation.

18 December 2018

Finextra TV/Transaction banking

Changing attitudes towards Cyber Security

Dawn Gabay, Cyber Security Specialist, Atos, speaks about changing consumer attitudes towards cyber security, what actions financial organisations need to take to improve customer experience and their security, and why this is essential for keeping loyal customers.

18 December 2018

Company update/Transaction banking

KBZ Bank selects Finastra to capture growth opportunity in Myanmar’s treasury market

Kanbawza (KBZ) Bank, Myanmar’s largest privately-owned bank, has selected Finastra and its treasury management solution, Fusion Treasury, to enable straight-through-processing (STP).

18 December 2018

Company update/payments

Swift gpi crosses 50% threshold

During 2018, SWIFT’s gpi payments service continued to radically transform correspondent banking. With the support of hundreds of financial institutions, including the world’s 60 biggest banks, it is now being used to send hundreds of billions in payments every day – more than half (55%) of SWIFT’s cross-border traffic.

18 December 2018

News/Transaction banking

Nordea releases Instant Reporting API

Nordea is to release an API which enables corporate customers to download their accounts and transactional data into their own systems, marking the first commercially viable product to emerge from the bank's foray into Open Banking.

18 December 2018

News/security

Citi asks corporate clients to log in with their face

Citi Treasury and Trade Solutions (TTS) is to introduce fingerprint and facial recognition for corporate customers logging into the bank's core treasury platforms.

17 December 2018