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ICICI Bank claims industry first with robotic cash counters

/Transaction banking

ICICI Bank claims industry first with robotic cash counters

India's ICICI bank has claimed to be the first bank in the country to deploy industrial robotic arms to count currency notes.

Aussie regulator turns to tech in new strategy

/Transaction banking

Aussie regulator turns to tech in new strategy

Australia's capital markets regulator has vowed to expand its use of new technology and behavioural data as part of a strategic plan to strengthen its enforcement.

ASB Bank takes stake in distributed ledger startup TradeWindow

/Transaction banking

ASB Bank takes stake in distributed ledger startup TradeWindow

New Zealand's ASB Bank has taken a stake in early-stage supply chain tech startup TradeWindow.

SoftBank leads $200 million investment round in C2FO

/Transaction banking

SoftBank leads $200 million investment round in C2FO

Working capital marketplace C2FO has raised $200 million in a funding round led by SoftBank Vision Fund.

Commerzbank tests 'cash on ledger' for machine-to-machine payments

/Transaction banking

Commerzbank tests 'cash on ledger' for machine-to-machine payments

Commerzbank is testing a blockchain-based machine-to-machine payment system with Daimler Trucks.

Standard Chartered completes LoC blockchain transaction on Voltron

/Transaction banking

Standard Chartered completes LoC blockchain transaction on Voltron

Standard Chartered has completes its first cross-border Letter of Credit blockchain transaction in the oil industry with PTT Group.

Finextra issues call for comment on payments revolution

/Transaction banking

Finextra issues call for comment on payments revolution

Finextra is opening a public consultation on the competitive pressures driving the future strategy and direction of banks, as the sector grapples with a series of profound disruptions that are shaking up the once staid payments industry.

Volt Bank contracts with FIS

/Transaction banking

Volt Bank contracts with FIS

Volt Bank, the first of a wave of new digital challengers to be granted a full banking licence in Autralia, is putting the finishing touches to its technology stack, contracting with FIS for a raft of mobile, card processing, risk and treasury management software.

Swift connects with Singapore's Fast to slash cross-border payment times

/Transaction banking

Swift connects with Singapore's Fast to slash cross-border payment times

Banking co-operative Swift is touting the succcess of its integration with Singapore's domestic instant payment service, slashing the time taken to process inbound cross-border message transfers to as little as 13 seconds.

UK fintech Soldo raises €54m for Dublin move

/Transaction banking

UK fintech Soldo raises €54m for Dublin move

A London-based startup that has migrated most of its operations to Ireland ahead of a possible Brexit has raised €54m to help funds its relocation.

Deutsche Bank to spend €13bn on tech amid massive job cuts

/Transaction banking

Deutsche Bank to spend €13bn on tech amid massive job cuts

Deutsche Bank has announced swingeing job cuts as part of a radical overhaul of its operations that will also see it spend €13bn on new technology over the next four years.

Wells Fargo's Irish arm fined for regulatory breaches

/Transaction banking

Wells Fargo's Irish arm fined for regulatory breaches

The Irish central bank has issued a record fine to Wells Fargo for reporting failures by its Irish subsidiary, citing the bank's weak IT systems.

NatWest rolls out digital working capital product

/Transaction banking

NatWest rolls out digital working capital product

British bank NatWest is piloting a digital working capital product that offers a credit limit based on business customers' unpaid invoices.

NatWest trials video banking service for business customers

/Transaction banking

NatWest trials video banking service for business customers

NatWest is to launch a new video banking channel from which business customers can hold pre-arranged live chats with staff members via their mobile device, tablet or PC.

Corporate treasurers loosening ties to banks

/Transaction banking

Corporate treasurers loosening ties to banks

Banks need to up the pace of innovation if they want to keep corporate treasurers onboard, according to research from Finastra, which finds that 70% of corporates believe that a shift from bank to non-bank services will take place within their organisations over the next two to five years

ABN Amro completes container logistics pilot on blockchain

/Transaction banking

ABN Amro completes container logistics pilot on blockchain

ABN Amro has completed the first instantly financed, door-to-door transport of a container from a factory in Asia to the Netherlands on blockchain-based platform Deliver.

Intesa Sanpaolo ventures into crowdfunding with BacktoWork24 stake

/Transaction banking

Intesa Sanpaolo ventures into crowdfunding with BacktoWork24 stake

Intesa Sanpaolo has dipped into its EUR100 million Finventures fund to take a stake in Italian equity crowdfunding site BacktoWork24.

EU pushes for cross-border instant payments

/Transaction banking

EU pushes for cross-border instant payments

The European Commission is hosting a roundtable in Brussels as part of an ongoing intiative to push the development and availability of cross-border instant payments for European consumers and businesses.

Carney positive on Facebook's Libra; says BofE could open up balance sheet to new players

/Transaction banking

Carney positive on Facebook's Libra; says BofE could open up balance sheet to new players

Facebook's new digital currency, Libra, could "substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments," Bank of England governor Mark Carney has said in a speech during which he also revealed the central bank could open up access to its balance sheet to new payment providers.

Banks falling behind in digital transformation efforts

/Transaction banking

Banks falling behind in digital transformation efforts

Despite investing more than $1trn globally in new technology over the last three years, the majority of banks have yet to see any financial boost from their digital transformation programmes.

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