Latest Transaction banking News: Finextra Research

Swift says cyber threats evolving

Cybersecurity attackers in the large value payments chain are adjusting their modus operandi, lowering the value of transactions and running fraudulent instructions during normal operating hours in an attempt to blend in with regular payment flows and avoid detection, according to a new report from banking co-operative Swift.

10 April 2019

News/payments

JP Morgan launches Sepa instant payments in Europe

US banking giant JP Morgan is boosting its real-time payments offering by launching Sepa Instant in Europe.

10 April 2019

News/payments

RBA consults on ISO 20022 migration plan

The Reserve Bank of Australia is canvassing bank views on plans to migrate the nation's payments networks to the ISO 200022 messaging standard.

09 April 2019

News/payments

Deutsche Bank releases API interface for instant payments in SAP ERP software

Deutsche Bank has joined forces with software firm Serrala to launch an API interface for Sepa instant payments for corporates using SAP enterprise resource planning software, taking a step towards real-time treasury.

05 April 2019

News/Transaction banking

Tackling digital transformation in Nordic financial services

SWIFT's Business Forum Nordics event examined how the financial services community in the region can deliver technological innovation while managing emerging risk factors.

04 April 2019

News/payments

Swift convenes ISO 20022 harmonisation group

Interbank messaging network Swift has convened a working group of payments experts to formulate common guidelines for the implementation of ISO 20022 for cross-border payments.

04 April 2019

News/Transaction banking

DLT ready to drive widespread disruption in cross-border payments

The cross-border payments industry is "ripe for disruption", with distributed ledger technologies leading the charge, according to a blog post published by the World Bank.

02 April 2019

News/Transaction banking

Fourteen banks back trade finance standardisation initiative

Fourteen financial institutions have come together to promote common standards for trade finance in a bid to make it more appealing as an asset class for institutional investors.

01 April 2019

News/Transaction banking

Marco Polo blockchain network used for commercial transactions

The Marco Polo blockchain trade finance network has successfully navigated unchartered territory, facilitating two commercial transactions involving Commerzbank and LBBW.

28 March 2019

News/Transaction banking

Swift Business Forum Nordics 2019 - live blog

Welcome to Finextra's coverage of the Swift Business Forum Nordics 2019, live from Copenhagen. This event has a focus on accelerating digital transformation, and will look at how the financial community in the region is harnessing technological change to deliver a digital customer experience.

28 March 2019

News/Transaction banking

MineralTree raises $50m

US accounts payable and payment automation technology provider MineralTree has raised $50 million in a funding round led by Great Hill Partners and joined by existing investors .406 Ventures and Eight Roads Ventures.

27 March 2019

News/Transaction banking

Russia pushes its Swift alternative

Russian authorities are promoting the international use of an alternative financial messaging system to the global Swift network in order to mitigate the risk of sanctions.

22 March 2019

News/Transaction banking

Middle East bank chief calls for more regtech spending

The secretary general of the Union of Arab Banks has called on financial institutions in the region to increase their investment in regtech.

22 March 2019

News/Transaction banking

Australia unveils national blockchain strategy

The Australian government has launched a national blockchain plan which it hopes will bolster its fintech sector.

21 March 2019

News/Transaction banking

IBM gets banks onboard for blockchain-based payment system

IBM's blockchain-based real-time global payments network has begun rollout, with several banks also committing to issue their own stable coins on the platform.

18 March 2019

News/Transaction banking

TradeIX to hire 70 more staff for Dublin HQ

Trade finance blockchain network TradeIX is to hire 70 more staff at its Dublin HQ, in a variety of roles covering engineering, sales, customer service and product development.

15 March 2019

News/Transaction banking

Swift combines with Asia Pacific institutions on DLT for proxy voting

Interbank payments network Swift is to run proof-of-concept trials of the use of distributed ledger technology for proxy voting in the Asia Pacific region.

06 March 2019

News/payments

European payments chiefs to gather in Stockholm for EBAday2019

A host of board directors, chief financial officers and payments and technology heads from Europe's leading banks have confirmed their participation in the conference programme for the fourteenth annual EBAday, taking place this year in Stockholm between the 18th and 19th June.

01 March 2019

News/Transaction banking

Standard Bank gears up for go live of payments blockchain

Standard Bank of South Africa is preparing for the go-live of a private permissioned blockchain payment system for conducting overseas foreign exchange trades on behalf of corporate clients.

28 February 2019

News/payments

Swift gpi hits 50% tipping point on two-year anniversary

Swift's global payments innovation (gpi) initiative has reached a critical tipping point, accounting for over 50% of messaging traffic across the interbank network.

28 February 2019