Latest Transaction banking News: Finextra Research

MarketInvoice joins NatWest Capital Connections panel

NatWest has added invoice finance platform MarketInvoice to its Capital Connections panel, which helps SMEs unable to borrow from banks get access to alternative sources of money.

11 April 2018

Company update/Transaction banking

Tungsten Network extends analytics offering to accounts receivable

Tungsten Network has extended its analytics offering to include accounts receivable dashboards, allowing the 300,000 customers on its network to glean deeper insight into their cash flow and manage their finances more effectively.

10 April 2018

Finextra TV/Transaction banking

Digital Drive in Energy Trading

Doug Pollock, Global Head of Business Development for Financial and Risk in the Energy Practice Group, Thomson Reuters, talks about how the energy trading sector is coping with the drive towards digitalization, why data and technology are hailed the core elements to digitalization for the energy trading sector and what areas of risk in particular, should the energy sector be concerned with.

10 April 2018

Company update/Transaction banking

IBSFINtech collaborates with Thomson Reuters for treasury management

IBSFINtech India Pvt. Ltd., a leading provider of comprehensive, innovative & integrated Corporate Treasury Management solutions, today announced that it has collaborated with Thomson Reuters to power their Treasury Management Solution with trusted & timely financial market data for corporations.

10 April 2018

Finextra TV/Transaction banking

Taking correspondent banking to the next level

Simone Del Guerra, Global Head of Transactional Sales, UniCredit, talks about how the correspondent banking marketplace is reacting to the issues of compliance restrictions, how it is reinventing itself using new technologies and initiatives, and how banks are responding to, and leveraging this to improve the payments services they offer to their clients.

09 April 2018

Company update/Transaction banking

DBS targets 30% reduction in corporate cheque payments by 2020

To help corporate clients keep in step with changing consumer behaviour where digital payments are becoming more popular, DBS bank today announced that it would help its corporate clients reduce cheque usage by at least 30% in the next 24 months.

09 April 2018

Finextra TV/Transaction banking

Best Execution obligations of MiFID II in action

John Mason, Global Head of Regulatory & Market Structure Strategic Response & Propositions, Thomson Reuters, talks about the impact of RTS 27 and 28 coming into force, what challenges firms are facing with satisfying the Best Execution requirement in terms of data, how the market and clients will be effected and how post MiFID II implementation will the impact non-financial institutions.

09 April 2018

News/Transaction banking

HSBC applies AI to track financial crime

Having racked up billions of dollars in fines for money laundering and sanctions busting, HSBC is cleaning up its act with the global roll out of an AI tool capable of analysing data logs and tracking transactions within a customer's wider network.

09 April 2018

Company update/Transaction banking

NAB launches online app store for merchants

NAB has today announced it has launched NAB Marketplace, where businesses can download apps to their merchant terminals to develop their business and bring an innovative value-added experience to their customers.

05 April 2018

News/Transaction banking

Microsoft defends support for controversial Cloud Act

A long-running court battle between Microsoft and the US government about whether the latter had the right to access emails held in Microsoft's Irish data centre has come to an anticlimactic end after a judge dismissed the case, ruling it to be "moot" due to the recent passing of the Cloud (Clarifying Lawful Overseas Use of Data) Act.

05 April 2018

Company update/Transaction banking

ICICI Bank launches social media-based cross-border remittance service

ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of a service that enables Non Resident Indians (NRIs) to send money to a beneficiary in India using social media like WhatsApp and e-mail.

04 April 2018

Company update/Transaction banking

Lloyds teams up with Planixs for enhanced liquidity management

Planixs today announced that it has formed a strategic partnership with Lloyds Banking Group that will improve the Bank’s intraday cash and liquidity management capabilities and ensure its compliance with the Basel committee’s BCBS248 intraday monitoring regime.

04 April 2018

News/Transaction banking

South Africa's central bank mulls cryptocurrency regulations

The South African Reserve Bank (Sarb) is setting up a dedicated unit to monitor cryptocurrency and fintech developments and inform future regulations and its first job will be to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement.

04 April 2018

Company update/Transaction banking

Crédit Agricole and Wirecard team up for digital payment partnership

Crédit Agricole Payment Services (CAPS), a fully-owned subsidiary of Crédit Agricole, and Wirecard, one of the leading companies in digital financial technology, have signed a comprehensive contract to start their next generation digital partnership in payment services.

04 April 2018

News/Transaction banking

Commonwealth Bank hit by outage

Customers of Commonwealth Bank Australia (CommBank) have been left frustrated after a series of major outages left them unable to access their bank accounts.

04 April 2018

Finextra TV/Transaction banking

Disruption in SME Banking

Daniel Meere, Managing Director, Axis Corporate, talks about how UK SMEs are impacted by the lack of competition in the market for banking services aimed at them, how Williams & Glyn Capability and Innovation funding and Open Banking are currently under way to try to change this situation, how established and new players in the UK banking market are reacting and what they should be doing to better meet the needs of SMEs.

03 April 2018

News/Transaction banking

HSBC to offer Paypal as global disbursement option for corporate clients

PayPal's strategy of making deals with big banks is bearing fruit, as HSBC becomes the latest to add the payment method to its global disbursement service for corporate customers.

29 March 2018

Company update/Transaction banking

Starling Bank moves into business banking

Starling Bank, after recently being voted the Best British Bank, has today become the first fully licensed mobile-only bank to launch business accounts for small businesses and entrepreneurs in the UK.

29 March 2018

Finextra TV/Transaction banking

Payments transformation: the platform for unprecedented opportunities

Martin Coen, President of the new Enterprise Payments Solutions division within Fiserv, talks about the key changes in the payments market, the challenges faced by financial institutions and the help available to financial institutions to address their payments challenges as the opportunities available are unprecedented.

28 March 2018

Company update/Transaction banking

Thomson Reuters collaborates with Salesforce in fight against financial crime

Thomson Reuters today announced it is collaborating with Salesforce to help clients quickly and efficiently on-board new customers and meet regulatory anti-money laundering obligations in the fight against financial crime.

28 March 2018