Transaction banking

887 articles tagged with this keyword

/people

The Bank of London recruits Phil Knight as IT chief

The Bank of London, a global clearing and transaction banking startup, has poached Phil Knight from 10x Banking as group CTO and chief information security officer.

/payments

Standard Chartered launches Payouts-as-a-Service tech

Standard Chartered has launched an API-first Payouts-as-a-Service offering that will let digital businesses manage one-to-many payments.

/wholesale

Swift and MonetaGo tackle trade finance fraud

Swift has teamed up with vendor MonetaGo to launch a trade financing validation service for the messaging network's 11,000+ members.

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BNP Paribas to buy currency risk management firm Kantox

BNP Paribas has struck a deal to buy currency risk management automation firm Kantox. Financial terms were not disclosed.

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Goldman Sachs expands Transaction Banking to Europe

Goldman Sachs is opening its API-based Transaction Banking (TxB) platform to corporates in the European Union.

/retail

UK's bank branch sharing project to be extended

A trial project involving bank branches shared by multiple institutions is set to be rolled out across the UK.

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The Bank of London to open new tech hub in Charlotte, creating 350 jobs

Global clearing and transaction banking startup, The Bank of London, is to open Global Platform & Services headquarters in Charlotte, North Carolina, creating 350 new jobs by 2026.

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Banks choosing to build and not buy tech, suggests survey

Corporates' demands for digital services are leading a majority of corporate banks to look in-house when building their technology stack, according to recently published research.

/payments

Rogers outage shuts down Canadian banks' ATMs, POS and internet banking

Interac, a Canadian e-transfer service, is currently down due to issues with the Rogers network provider.

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Singapore banks pick MonetaGo to build trade finance registry

The Association of Banks in Singapore (ABS) has chosen MonetaGo to build a new network for registering trade finance transactions.

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Finastra hires Isabel Fernandez to lead lending biz unit

Finastra has appointed former ING Bank board member Isabel Fernandez as EVP for the company’s lending business unit.

/startups

SocGen launches payment and transaction banking accelerator programme

Societe Generale has launched an accelerator programme for startups working in trade finance cash management, factoring and correspondent banking.

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Mastercard poaches Goldman Sachs transaction banking IT lead as head of B2B

Mastercard has appointed Goldman Sachs' head of digital for transaction banking Chad Wallace as executive vice president for B2B Solutions.

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Citi joins with IntraFi for corporate liquidity management service

Citi has partnered with IntraFi Networks to introduce an automated system which allows institutional clients to sweep cash into deposit accounts at US branches of non-US banks.

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SC Ventures rolls out supply chain finance platform

SC Ventures, Standard Chartered’s fintech investment and ventures arm, has launched Trade and Supply Chain Connect (TASConnect), a bank agnostic supply chain finance platform based out of Singapore.

/payments

UK’s Faster Payments quadruples transaction limit to £1 million

A Pay.UK spokesperson has confirmed that the Faster Payment System transaction limit has today increased from £250,000 to £1 million.

/wholesale

Big Data, DLT, IoT and AI set to transform trade supply chains - Commerzbank

Commerzbank claims that international trade and supply chains have reached a technological inflection point, with emerging technologies in Big data, blockchain, Internet of Things and artifical intelligence set to overturn long-established practices.

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Capital One partners Trovata to automate cash management for corporate clients

Trovata, a US startup specialising in automating cash workflows through multi-bank API data aggregation, has scored a distribution agreement with Capital One.

/crypto

Bahrain central bank trials JPM Coin

The Central Bank of Bahrain has teamed up with JP Morgan's blockchain and crypto unit Onyx to test the Wall Street giant's JPM Coin digital currency.

/payments

ABA backs Fed's plan for single-day Fedwire ISO 20022 migration in 2023

The American Bankers Association is supporting the Federal Reserve's plan to migrate the Fedwire Funds Services to the ISO 20022 message standard in a single day - but says it has "serious concerns" about a lack of detail on testing strategy and requirements for the move.