Latest Transaction banking News: Finextra Research

Datavita snares £4.6m funding from Santander

Lanarkshire-based DataVita Ltd, a leading datacentre and cloud services provider, has secured £4.6 million in funding from long-term banking partner Santander Corporate & Commercial which will see the creation of up to 50 new technology jobs in Scotland.

30 August 2018

Company update/Transaction banking

Dubai and Singapore regulators sign fintech agreement

The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) today entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority.

29 August 2018

News/Transaction banking

JP Morgan hires senior AI exec

US bank JP Morgan has hired a former Google executive as its new head of artificial intelligence (AI) and machine learning (ML).

29 August 2018

News/Transaction banking

Starling to help RBS develop digital bank

Royal Bank of Scotland (RBS) has reportedly enlisted the help of challenger bank Starling in its efforts to develop a digital bank of its own.

28 August 2018

Company update/Transaction banking

Ex-Barclays exec to head up Swift's North America operations

SWIFT has appointed Dave Scola as its Head of North America.

28 August 2018

News/Transaction banking

UK and EU banks plan early warning systems

Both UK and European banks are separately looking at projects to design an early warning system using market data to mitigate the threat of major misconduct or the beginning of the next financial crisis.

28 August 2018

News/Transaction banking

Thai central bank kicks off digital currency project

Thailand's Central bank has kicked off a project with R3 and eight banks on the development of a digital currency (CBDC) for use in domestic wholesale funds transfers.

23 August 2018

News/Transaction banking

Merkel cool on EU Swift alternative to keep Iran deal alive

German Chancellor Angela Merkel has poured cold water on her foreign minister's suggestion that Europe should build its own alternative to Swift as a way of salvaging the Iran nuclear deal.

22 August 2018

News/Transaction banking

Paytm rolls out AI cloud for India's developers

India-based digital payments firm Paytm has announced the launch of AI Cloud India, a platform designed to help developers, startups and small businesses create their own payment-related apps and services.

21 August 2018

News/Transaction banking

Thomson Reuters and Singapore fintech group join to fight cybercrime

The Singapore FinTech Association (SFA) and Thomson Reuters are to collaborate on projects to promote the country's fintech industry and strengthen its fight against cybercrime.

21 August 2018

News/Transaction banking

WeChat Pay launches in Malaysia

WeChat, China's most popular social media app, has launched its digital payments service, WeChat Pay, in Malaysia, marking its first product to be released in Asia outside of China and Hong Kong.

21 August 2018

News/Transaction banking

BoE exec warns of AI job threat

The chief economist of the Bank of England (BoE) has warned that the rise of artificial intelligence could leave large groups of people "technologically unemployed" unless there was a skills revolution.

21 August 2018

News/Transaction banking

Cambodia establishes fintech association

Cambodia has become the latest country to launch a national body designed to foster more fintech collaboration with the launch of the Cambodia Fintech Association (CFA).

17 August 2018

News/Transaction banking

Chinese firms partner for blockchain payment systems play

Two of China’s largest financial services firms have agreed to work towards the development of a blockchain-based mobile payment system in what has been a busy week for China's burgeoning fintech sector and also a signal of the extent of China's blockchain ambitions.

17 August 2018

News/Transaction banking

Barclaycard partners accelerator graduate to digitise B2B supply chain

Barclaycard is working with Silicon Valley startup Crowdz to digitise and speed up what is still for many firms a slow and clunky business-to-business supply chain.

17 August 2018

Company update/Transaction banking

Standard Chartered upgrades Swift for Corporate trade programme

Standard Chartered has enhanced its SWIFT for Corporates Trade solution to provide a full suite of trade messaging capabilities which will enable the digitisation of trade and trade finance for their international clients.

16 August 2018

Company update/Transaction banking

Immediate payments tops treasury technology wish list

Technology continues to drive innovation in the commercial payments sector, according to a recent survey of finance and treasury professionals conducted by TD Bank, America’s Most Convenient Bank.

14 August 2018

Finextra TV/Transaction banking

KYC, AML & Transparency for Crypto-Currencies & ICOs

Conor Coughlan, Global Head of Marketing, Fenergo, discusses the challenges facing institutions, issuers, exchanges, & investors in determining viability & suitability, for investing in crypto-currencies, ICOs and derived offerings so that this new asset class can mature, open up to institutional investors and play a more value adding role in the global economy.

14 August 2018

Company update/Transaction banking

Broadridge appoints McGill as general manager of messaging and reconciliation business

Broadridge Financial Solutions has appointed Alastair McGill as General Manager of its Messaging, Reconciliation and Connectivity solutions business (MRC).

14 August 2018

Company update/Transaction banking

UOB partners Irish technology start-up, Enterpryze, to provide mobile access to SAP Business One

United Overseas Bank (UOB) today announced that it is helping its small business customers take advantage of mobile technology to manage their businesses more effectively.

13 August 2018