Latest Transaction banking News: Finextra Research

Danske Bank joins trade finance network Marco Polo

Danske Bank has joined the Marco Polo Network, the largest network of commercial banks in the trade finance market.

24 October 2018

Temenos introduces 'Hybrid Pooling' for corporate cash management

Temenos (SIX:TEMN), the banking software company, today announced that it has added new functionality to its existing and extensive corporate banking capabilities.

24 October 2018

Company update/Transaction banking

Coronation Fund Managers goes live with SmartStream’s corporate actions module

SmartStream Technologies, the financial Transaction Life cycle Management (TLM®) solutions provider, today announced that Coronation Fund Managers, one of the largest independent fund managers in South Africa, has gone live with TLM Corporate Actions OnDemand – automating the complete corporate actions life cycle.

24 October 2018

News/Transaction banking

Sibos: EBA Clearing payments platform Euro1 to migrate to ISO20022 standard

EBA Clearing is working with Swift to move the large value payments system Euro1 to the ISO 20022 messaging standard, in line with the November 2021 deadline set for the migration of the Eurosystem’s Target2 platform.

24 October 2018

Company update/Transaction banking

Oracle ERP cloud customers get direct connection to Citi treasury service

The Citi and Oracle ERP Banking as a Service (BaaS) Connector is now available, speeding integration and time to payment for the companies’ joint customers.

23 October 2018

Finextra TV/Transaction banking

The convergence of retail and banking services

Matthew Phillips, VP, Banking Diebold Nixdorf UK&I, speaks at Diebold Nixdorf's International Management Seminar in Lisbon, about whether digital transformation is keeping up with customer expectations, what key trends financial services should be watching closely, and how banks can improve their customers' experiences.

23 October 2018

Company update/Sibos

SmartStream releases new reconciliation module to deal with digital marketplace evolution

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced the launch of TLM Aurora, the next generation of Corona, the industry’s leading reconciliation platform – the first new module is designed to support the new industry standards in the digital payments world, by providing connectors to SWIFT GPI, RTGS, as well as Blockchain based networks, allowing for real-time operational control, proactive exception management and low TCO.

23 October 2018

Company update/regulation

Accuity commences multi-year upgrade programme for Bankers Almanac

Accuity, the global provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, has announced a multi-year transformation programme to enhance its Bankers Almanac Risk & Compliance portfolio that will help banks conduct faster and more accurate risk assessments for financial counterparties.

23 October 2018

News/Transaction banking

Sibos: Blockchain to the fore with Voltron; Accenture makes DLT interoperability play

Voltron, a coalition of banks building a blockchain-based network for automating Letters of Credit and trade finance documentation, has thrown open its doors to other banks and corporates ahead of a planned roll out in 2019.

23 October 2018

Company update/Sibos

Swift rolls out gpi tracker for all

SWIFT gpi has been rapidly adopted since its launch last year, and is now being used to send more than a million payments every day with a combined value of well over $100 billion.

23 October 2018

News/Transaction banking

National Bank of Canada and CGI pilot blockchain for trade finance

National Bank of Canada has teamed up with tech giant CGI to pilot a blockchain platform for negotiating standby letters of credit and guarantees.

23 October 2018

Company update/Sibos

Sberbank and Swift sign MoU

During Sibos 2018, Sberbank and SWIFT signed a memorandum of understanding that extends the cooperation on the Alliance Messaging Hub (AMH), a financial messaging platform created by SWIFT.

22 October 2018

Company update/Transaction banking

Sberbank reports back on ICO financing trial

Sberbank and the National Settlement Depository (NSD) have summed up the results of a test deal to attract financing through an initial coin offering (ICO) using the Bank of Russia’s sandbox.

22 October 2018

News/Sibos

Swift tests payment flows over Microsoft Azure

Swift is testing whether its messaging infrastructure can be hosted on Microsoft Azure to enable cloud-native payments.

22 October 2018

Company update/Transaction banking

Swift shores up cyber-defences with Payment Controls

SWIFT today announces the introduction of Payment Controls, an intelligent new in-network solution to combat fraudulent payments, and to help strengthen its customers’ existing security.

22 October 2018

Company update/payments

Hickman and Uberoi step aside from Earthport

Earthport plc (AIM: EPO), the leading payment network for cross-border payments, announces today that Phil Hickman, Chairman, will retire from the Company with immediate effect.

22 October 2018

Company update/Sibos

Swire shipping deploys Bolero electronic bills of lading to speed cargo shipment

Swire Shipping, the leading provider of managed liner services, has achieved a significant first by accelerating a shipment of containerised grain from Australia to New Zealand using electronic bills of lading from Bolero International, the trade finance digitisation expert.

22 October 2018

Company update/Transaction banking

Visa readies blockchain-based B2B Connect for market

Visa Inc. (NYSE:V) today announced new product details surrounding digital identity in preparation for a first quarter 2019 launch of Visa B2B Connect.

22 October 2018

News/Transaction banking

NTT Data plans pan-Asian federated trade information platform based on blockchain

NTT Data has completed proof of concept phases including 14 Japanese logistics and financial companies, and interoperability with Singaporean and Thai national trade and customs platforms, as part of its plans to create an international trade data sharing platform.

22 October 2018

News/Transaction banking

Sibos 2018: Swift CEO touts success of gpi, reiterates 2020 for universal adoption

Swift CEO Gottfried Leibbrandt used his opening remarks at this year's Sibos in Sydney to talk up the adoption of Swift’s gpi, better information sharing and visibility around breaches reducing cyber risk, and Swift’s efforts to remain neutral in the face of volatile geopolitical situations.

22 October 2018