887 articles tagged with this keyword
News/payments
DBS is the first Asian bank to successfully close a trade financing transaction on Ant Group's blockchain platform Trusple.
15 March 2021
After the success of EBAday 2020, the event will again run in digital format on 28-30 June 2021 for its sixteenth year, welcoming a host of board directors, chief executive officers and payments and technology heads from Europe’s leading banks.
12 March 2021
Citi is streamlining the cross-border payments process for institutional clients by releasing a single electronic platform for payment instructions and the associated documents that accompany them.
11 March 2021
News/sustainable
Swift's KYC Registry has become the first market utility to embed the International Chamber of Commerce’s (ICC) Sustainable Trade Finance Guidelines, making it easier for financial institutions to identify environmental, social and governance (ESG) risks in their supply chains.
10 March 2021
As part of Finextra’s Predictions Series for 2021, Hannah Wallace spoke to Erik Zingmark, Nordea’s head of transaction banking to unpack some of the leading trends he expects to see throughout 2021.
05 February 2021
UBS is rolling out a multibanking function that lets its SME clients in Switzerland make payments from their accounts with other providers from within the Swiss giant's E-Banking service.
02 February 2021
News/wholesale
Trovata, a US startup specialising in automating cash reporting and forecasting through wholesale, multi-bank API data aggregation, has raised $20 million in a Series A funding round led by Wells Fargo Strategic Capital.
20 January 2021
US banking giant Citi is enlisting Volante Technologies to accelerate its adoption of the ISO 20022 financial messaging standard across its global payments operations.
19 January 2021
IBM has acquired Canadian fintech Expertus as part of a strategy to extend its hybrid cloud offerings deeper into the AI and payments space.
16 December 2020
Spain's Banco Sabadell is stepping up its use of Open Banking to enable business customers to make payments from its website using accounts held with other financial institutions.
10 December 2020
The vast majority of banks (94%) believe that the Covid-19 pandemic has turned the payments market into a technology arms race for which they are unprepared.
07 December 2020
The ISO standards roll-out and open banking will galvanise banks’ efforts to compete with data-driven big techs, despite “vagueness” about how best this might be accomplished.
30 November 2020
Today, non-bank entrants such as PSPs and TPPs are entering the payments space to tap in to the lucrative and stable business that is transaction banking. To remain competitive and avoid disintermediation, financial institutions must support legacy core banking infrastructure and a resource-intensive, scalable delivery model – success is tied to relevancy in the corporate market and ensuring clients’ problems are resolved.
26 November 2020
News/retail
The question of whether banks are failing to provide the services customers expect was the subject of a heated panel debate during a lunchtime roundtable on Day Two of EBAday.
At EBAday 2019 in Stockholm, Deutsche Bank’s Koral Araskin highlighted that if instant payments is the new normal, banks will heavily depend on cash buffers to cover all payment flows - even those which come outside of normal working hours. "Is this really meaningfully achievable?" he pondered last year. The events of 2020 and the impact of Covid-19 have truly shown that it must be achievable.
24 November 2020
As the world recovers from the Coronavirus pandemic, it is assumed that financial institutions and other businesses will need to adopt new ways of working to navigate what is said to be one of the worst economic downturn in recent years.
23 November 2020
Credit Suisse has introduced two new Open Banking interfaces designed to provide financial counterparties with access to real-time data on the status of their securities and foreign exchange transactions.
Correspondent banking is faced with a paradox: while connections are declining, volumes are growing. Banks must adapt to meet future client demands and deal with the massive changes on the horizon.
20 November 2020
News/startups
Stanhope Financial, provider of a treasury management and investment platform for SMEs, has raised $3.5 million in its first funding round.
19 November 2020
British payments technology outfit Icon Solutions has secured an equity investment from JPMorgan.
29 October 2020
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