Transaction banking

894 articles tagged with this keyword

/payments

Pay.UK seeks industry feedback on ISO 20022 recommendations

Pay.UK is to embark on a round of industry consultation over its approach to delivery of the global message standard ISO 20022 as part of the country's New Payment Architecture.

/Transaction banking

Envoy scores $13m to scale up blockchain trade finance platform

Blockchain-based supply chain and trade finance startup Envoy Group is looking to expand beyond Latin America after securing a $13 million investment from Alcedo Digital Ventures.

/Transaction banking

Baton Systems raises $4m for DLT-based bank payments tech

Baton Systems, a provider of DLT-based bank-to-bank payments middleware for connecting disparate ledgers - both on and off a blockchain - has topped up its recent $12 million funding round with an extra $4 million from VC Illuminate Financial.

/Transaction banking

Bank-backed blockchain trade finance platform Contour launches

Contour, the blockchain-based trade finance platform backed by a host of big name banks, has made its commercial launch.

/payments

Visa joins $80m Currencycloud funding round

London-based B2B cross-border payments outfit Currencycloud has raised $80 million in a Series E funding round joined by blue-chip investors such as Visa, BNP Paribas and Siam Commercial Bank.

/Transaction banking

Hong Kong and Thai central banks report back on digital currency trials

The Hong Kong Monetary Authority and the Bank of Thailand have completed a working prototype of a cross-border digital currency payment system.

/Transaction banking

Working capital fintech Demica raises $30m

London-based working capital outfit Demica has closed a $30 million Series C funding round led by Simcah Management.

/Transaction banking

Ex-CFTC chair launches Digital Dollar Foundation

Former Commodity Futures Trading Commission (CFTC) chair Chris Giancarlo is teaming up with Accenture to explore the creation of a US central bank digital currency (CBDC).

/devops

Rabobank applies low code platform to rebuild Treasury portal

Dutch co-operative Rabobank has used a low-code platform from Siemens' subsidiary Mendix to rebuild an online-only banking portal that manages €18 billion for over 500,000 Belgium- and German-based corporate customers.

/wholesale

Tradeshift closes in on $240m funding

Supply chain finance outfit Tradeshift is closing in on a $240 million equity and debt funding round as it seeks to hit profitability in the "near future".

/Transaction banking

Standard Chartered invests in Chinese supply chain finance platform Linklogis

Standard Chartered has made a strategic investment in Chinese blockchain-enabled supply chain financing platform Linklogis. Terms of the deal were not disclosed.

/Transaction banking

Standard Chartered switches on cross-border payments tracker

Standard Chartered has opened a public portal through which clients can track the status of payments messages as they are transmitted over the Swift network.

/ai

HighRadius raises $125m

HighRadius, a startup specialising in AI-powered order-to-cash and treasury management software, has joined the unicorn club thanks to a $125 million Series B round led by Iconiq Capital and joined by Citi Ventures and Susquehanna Growth Equity.

/retail

Banking predictions for 2020 – more competition, more collaboration and new sources of revenue

As 2019 draws to a close, financial services commentators and vendors have made their customary end-of-year predictions for the 12 months ahead, with increased competition through supercharged PSD2 the principal driving force.

/Transaction banking

Finextra's year in review

With 2019 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

/Transaction banking

Token spins off digital money unit

Open banking platform provider, Token.io, has announced the formation of M10 Networks, a new spin out company focused on developing digital money solutions.

/Transaction banking

Rabobank Moonshot graduate TreasurUp signs deal with KBC

TreasurUp, a graduate of Rabobank's Moonshot innovation campaign, has sealed a contract with Belgium's KBC for the licensing of its white-label treasury platform.

/payments

P27 Momentum: Key milestones for stakeholders in 2020 and beyond

Henry Ohlsson, deputy governor, Riksbank kept Nordic payments professionals entertained during NextGen Nordics: P27 Momentum during his session on the role of the central bank in a changing environment.

/payments

P27 Momentum: Challenges for creating a pan-Nordic payment region

While banks, businesses and customers operate across the Nordics, infrastructure remains national. At NextGen Nordics: P27 Momentum, executive advisor at Nordea Johanna Lybeck-Lilja continues discussion on the pan-Nordic clearing system to be launched in early 2021 and reiterates that while the region has a long history of cooperation, the cross-border challenge has not been solved.

/payments

P27 Momentum: Collaboration is crucial for cross-border payments

Driving community discussion on P27, payments professionals from across the Nordic region are gathering in Stockholm for NextGen Nordics: P27 Momentum to reflect on how this project will deliver a pan-Nordic clearing platform to settle domestic and cross-border multiple currencies.