Latest Transaction banking News: Finextra Research

Ex-UBS CIO Bussmann joins Ambrosus as strategic advisor

Ambrosus, the blockchain-based ecosystem for the supply chain, today announced that Oliver Bussmann, one of the world’s leading experts on financial technology, has joined as a Strategic Advisor.

11 September 2017

News/Transaction banking

Square applies for bank status

Square, the fintech startup headed by Twitter founder Jack Dorsey, has made an official application in the US for a banking license, ending months of speculation about its plans but also reigniting the argument about the use of industrial loans charters (ILCs).

07 September 2017

Company update/Transaction banking

The ai Corporation partners with Quatrro for fraud detection

The ai Corporation (ai), an FCA approved expert in fraud and risk management, today announced that it will be partnering with Quatrro, a leading fraud detection and prevention services provider, as part of its continued global expansion and to satisfy the increasing demand for its unique fraud and risk management solutions in the USA

07 September 2017

Company update/Transaction banking

Global Processing Services announces support for Apple pay

Global Processing Services (GPS), a leading payments processor, now supports Apple Pay using Mastercard Digital Enablement Service (MDES).

07 September 2017

Company update/Transaction banking

Concardis launches new payments platform

For the first time, merchants in German-speaking Europe can now keep an eye on their payment transactions with real-time review.

07 September 2017

Company update/Transaction banking

Nucleus Software gets digital with new transaction banking release

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced the release of FinnAxia 4.5, the latest version of its next-generation integrated transaction banking product suite.

07 September 2017

News/Transaction banking

New EC rules could enable banks to increase their software spending

European banks under siege from digital challengers and sophisticated cyber attackers could face some relief from a possible change in accounting rules that will enable them to spend more on new software.

06 September 2017

News/Transaction banking

Deutsche Bank boss says 'big number' will be replaced by robots

John Cryan, chief executive of Deutsche Bank, has told an audience of bankers in Frankfurt that he expects a "big number" of his current staff to be replaced by robots

06 September 2017

Company update/Transaction banking

CloudTrade partners with Valtatech to bolster its APAC presence

CloudTrade, the leading provider of cloud based e-invoicing and e-document processing services, today announced that it will be partnering with Melbourne-based Valtatech (Valta Technology Group), as part of its global expansion and to satisfy the increasing demand for its solutions in the APAC markets.

05 September 2017

Company update/Transaction banking

Brits lose £600m a year on money transfer fees says new money transfer comparison service

Monito, an online money transfer comparison tool, today launched into the UK market, reveals that banks and expensive money transfer services are costing UK residents more than £600 million each year in excessive international transfer fees, a significant portion of which are hidden.

05 September 2017

Finextra TV/Transaction banking

A recipe for quality customer experience

Mike Plimsoll, Industry Marketing Director, Adobe, talks about how efficient use of data, creativity flow, effective processing and people interaction are the key ingredients for quality customer experience.

05 September 2017

Company update/Transaction banking

TerraPay gets green light for cross-border money transfer operation in South Africa

TerraPay, the world’s first mobile payments switch, announced today that it has successfully obtained regulatory approval from South African Reserve Bank to launch cross-border money transfer services in South Africa.

05 September 2017

Company update/Transaction banking

WorldFirst launches payments platform for online marketplace sellers

The World Account, a new international payments platform from UK-based FinTech WorldFirst, goes live for online marketplace sellers today.

05 September 2017

News/Transaction banking

Cryptocurrency transactions to exceed $1trn by year-end: report

A new report has forecast that the value of cryptocurrency transactions will surpass the $1 trillion milestone before the end of 2017.

05 September 2017

News/Transaction banking

Aussie banks unveil new fintech features

Two Australian banks unveiled updates to their banking services with ANZ Bank launching a voice-based identity service for mobile banking and National Australia Bank (NAB) debuting a chatbot for its business banking service.

04 September 2017

Company update/Transaction banking

HSBC compliance expert joins UK fintech startup

Fintech startup Paybase, which delivers an end-to-end solution for payments, compliance and risk, has hired former HSBC Financial Crime and Compliance Manager, Danielle Herndon, as Head of Compliance and MLRO (Money Laundering Reporting Officer).

04 September 2017

Company update/Transaction banking

equensWorldline signs up three Dutch banks for Instant Payments projects

Bezons, Worldline [Euronext:WLN], European leader in the payments and transactional services industry announces that its subsidiary, equensWorldline SE, was selected by three major banks in the Netherlands as their infrastructure provider for Instant Payments.

04 September 2017

News/Transaction banking

India's central bank plans blockchain platform

The R&D unit of the Reserve Bank of India is preparing to launch a banking platform based on blockchain technology.

01 September 2017

News/Transaction banking

Danish payments processor Nets close to $5bn buyout

Nets, the largest payments processor in Scandinavia, is rumoured to be close to a private equity buy-out that would value the company at more than $5bn, according to a report from the Financial Times.

01 September 2017

Company update/Transaction banking

Mutual of Omaha and CSI globalVcard deepen payments relationship

CSI globalVCard, a leading B2B payments company specializing in secure payments with rewards, today announced that it has expanded its relationship with Mutual of Omaha Bank to provide virtual credit card and e-payment services to the bank’s corporate clients.

01 September 2017