Transaction banking

894 articles tagged with this keyword

/cloud

Preparing for 2020: The impact of the cloud on B2B payments

By 2020, US business to business (B2B) payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods.

/cloud

Putting regulatory reporters in the driving seat with the cloud

Regulatory reports have become too complex to handle, forcing banks to search for alternative and sustainable cloud-based solutions that can reduce the cost of compliance.

/sustainable

De-risking sustainable reporting of commercial banking data

While the Sustainable Development Goals (SDGs) set by the United Nations General Assembly for 2030 are ambitious, the financial services industry will play a crucial role in supporting countries with implementing new approaches to build momentum and accelerate progress.

/sustainable

Banks must adopt decarbonisation strategy ahead of imminent climate crisis

The influx of green banking initiatives and risk management tools has done little to remedy the expansion of fossil fuel financing and commercial attitudes remain unchanged as we move forward towards what is now a climate crisis, according to Boston Common Asset Management’s 2019 report.

/Transaction banking

MAS blockchain payment project moves into fifth phase

The Monetary Authority of Singapore says it has engaged with more than 40 financial and non-financial firms to determine the commercial viability and value of its blockchain-based prototype for multi-currency payments.

/Transaction banking

Santander splashes £350 million for majority stake in Ebury

Banco Santander is to pay £350 million to acquire a 50.1% majority stake in Ebury, a provider of corporate banking services to SMEs that trade internationally.

/ai

AI will not be job killer - IBM research

Contrary to the conventional wisdom, new technologies such as AI will actually kill off few jobs, according to research from the MIT-IBM Watson AI Lab.

/Transaction banking

Greensill lands $655 million investment; acquires UK fintech FreeUp

Greensill, a UK-based supplier of alternative supply chain finance, has secured a $655 million follow-on investment from SoftBank Vision Fund.

/Transaction banking

Will the next financial crisis be a cybersecurity crisis?

Recent economic slowdown coupled with widespread geopolitical risk has stoked fears that a recession is looming, which will inevitably invite comparisons with the financial crisis of 2007-08.

/payments

Mastercard launches payment on delivery service for businesses

Mastercard is working with PNC Bank to pilot a system that lets businesses pay suppliers in real-time when receiving goods or services.

/Transaction banking

IoT and blockchain to the fore in CIMB trade finance transaction

The Singapore branch of CIMB Bank Berhad has completed a trade financing transaction for the import of dairy products into China using IoT cargo sensors and a distributed ledger platform from blockchain firm iTrust.

/regulation

Fed governor warns of 'core' regulatory challenges facing Libra

Facebook's Libra project will need to address core legal and regulatory challenges before it can facilitate a single payment, US Federal Reserve governor Lael Brainard has warned.

/cloud

Old Mutual enlists AWS for cloud migration

African financial services giant Old Mutual is moving to the cloud, with Amazon Web Services (AWS) as its preferred provider.

/Transaction banking

Citi Ventures invests in cash flow forecasting outfit Cashforce

Citi Ventures has joined Amsterdam VC Inkef Capital in co-leading a EUR5 million round in cash forecasting and working capital vendor Cashforce.

/Transaction banking

Italian bank blockchain project passes technical tests

The Italian Banking Association (ABI) says the country's major banks could be ready to use distributed ledger tech to run interbank reconciliations by March next year, after pilot tests proved its capability.

/Transaction banking

Cloud tops the agenda for corporate treasury automation

Corporate treasurers view the advance of cloud computing as the most important technological development facing the industry over the next five years, followed by Big Data analytics and artificial intelligence.

/Transaction banking

Nordic banks agree funding for P27 cross-border payments platform

Six Nordic banks have agreed to fund the development of a cross-border real-time payments platform as part of the P27 collective.

/Transaction banking

Kazakh fintech shelves London IPO

In a sign of growing uncertainty in sections of the global fintech market, a Kazakhstan-based payments startup has pulled its plan to float on the London Stock Exchange

/Transaction banking

New fintech envoy appointed for Northern Ireland

A top executive of a data analytics company has been hired as the UK government's new fintech envoy for Northern Ireland

/Transaction banking

Ten Thai banks to trial biometrics

Thailand's central bank is set to launch a test-use of biometric technology and has announced that ten institutions will participate.