Transaction banking

887 articles tagged with this keyword

/payments

Irish banks’ mobile payments plan hits roadblock

A payments app developed by Ireland’s high street banks to compete with digital banks has hit a snag after it was announced that the Competition and Consumer Protection Commission (CCPC) would launch an investigation.

/startups

UK's sixth clearing bank set to launch with $1.1 billion valuation

The Bank of London is set to enter the UK's clearing market with a pre-revenue valuation of $1.1 billion and plans to recruit 3000 staff over the five years.

/payments

Deutsche Bank launches Swift Beneficiary Account Verification service

Deutsche Bank has rolled out Swift's new Beneficiary Account Validation (BAV) service, enabling clients to verify payee account details before an international payment instruction is sent.

/crypto

JPMorgan estimates CBDCs could save corporates £100 billion in transaction costs

A full-scale, multiple central bank digital currency (mCBDC) network could potentially save global corporates up to $100 billion in transaction costs annually, according to a joint research report from Oliver Wyman and JPMorgan.

/payments

Mastercard unlocks working capital with Demica

Mastercard is to embed working capital into its Track Business Payments package through a partnership with supply chain finance specialist Demica.

/payments

Goldman Sachs and American Express team on cloud-based payments

Goldman Sachs has teamed up with American Express to deploy a cloud-based payment service for large corporate clients.

/identity

Identity decisioning platform Alloy moves into credit underwriting

Alloy, the recently named unicorn, has expanded its identity decisioning platform to include credit underwriting, with the intention of building comprehensive views of customers in line with their onboarding and transaction monitoring products.

/cloud

Wells Fargo invests in Volante

Wells Fargo is the latest Wall Street giant to back Volante Technologies, investing $10 million in the cloud payments and financial messaging firm.

/people

Citi TTS appoints global head of digital

Citi's trade and treasury solutions business has appointed Capital One's Naveed Anwar as global head of digital.

/payments

Standard Chartered taps Demica for new supplier finance portal

Standard Chartered is to ease enrollments to its supplier finance programme through an online platform delivered by Demica.

/wholesale

BBVA taps into Ant's Trusple blockchain platform

BBVA has inked a deal to integrate cross-border payment and financing services in Ant Group's blockchain platform for global trade, Trusple.

/cloud

Goldman Sachs boosts transaction banking biz with Fiserv tie-up

Goldman Sachs is looking to scale up its new transaction banking business by teaming up with Fiserv to offer the fintech giant's clients services, starting with cross-border supplier payments.

/payments

Blockchain-based commercial payments firm Paystand raises $50m

Blockchain-enabled commercial payments outfit Paystand has raised $50 million in a Series C round of funding led by NewView Capital.

/people

Deutsche Bank culls Dublin workforce

Deutsche Bank has announced plans to axe as many as 450 full time and contractor roles in its Dublin office.

/wholesale

Goldman Sachs to disrupt UK transaction business market

Goldman Sachs has launched Transaction Banking (TxB) in the UK, expanding the business which was successfully launched in the US last year.

/wholesale

SocGen to overhaul global transaction banking business with Temenos

Societe Generale has selected Temenos to modernise the account management and payment systems for its global transaction banking activities in Europe and Asia

/payments

Rabobank spins off TreasurUp

Rabobank is spinning off its TreasurUp venture through a series A funding round together with Australian listed cross border payments specialist OFX.

/crypto

Central Bank of Bahrain taps JPMorgan Onyx for digital currency trials

The Central Bank of Bahrain is to use JPMorgan's blockchain platform Onyx in a pilot scheme to introduce instantaneous cross border payment using a digital currency.

/sustainable

ALT/AVE to drive new funding into its DLT offering

Having secured £535,000 investment, regtech ALT/AVE plans to further develop its distributed ledger solution docStribute, to expand its core uses beyond financial services.

/wholesale

HighRadius hits $3.1bn valuation

HighRadius, a startup specialising in AI-powered order-to-cash and treasury management software, has hit a $3.1 billion valuation off the back of a $300 million Series C funding round led by D1 Capital and Tiger Global.