893 articles tagged with this keyword
News/payments
ABN Amro is to raise fees for business customers who use payment services that require manual intervention, as part of a move to switch more clients to digital banking channels.
26 October 2018
News/Transaction banking
EBA Clearing is working with Swift to move the large value payments system Euro1 to the ISO 20022 messaging standard, in line with the November 2021 deadline set for the migration of the Eurosystem’s Target2 platform.
24 October 2018
Voltron, a coalition of banks building a blockchain-based network for automating Letters of Credit and trade finance documentation, has thrown open its doors to other banks and corporates ahead of a planned roll out in 2019.
23 October 2018
National Bank of Canada has teamed up with tech giant CGI to pilot a blockchain platform for negotiating standby letters of credit and guarantees.
News/Sibos
Swift is testing whether its messaging infrastructure can be hosted on Microsoft Azure to enable cloud-native payments.
22 October 2018
NTT Data has completed proof of concept phases including 14 Japanese logistics and financial companies, and interoperability with Singaporean and Thai national trade and customs platforms, as part of its plans to create an international trade data sharing platform.
Swift CEO Gottfried Leibbrandt used his opening remarks at this year's Sibos in Sydney to talk up the adoption of Swift’s gpi, better information sharing and visibility around breaches reducing cyber risk, and Swift’s efforts to remain neutral in the face of volatile geopolitical situations.
ABN Amro is working with the Port of Rotterdam Authority and Samsung SDS on a container logistics blockchain pilot.
19 October 2018
Finextra will be sending news and video crews to capture all the colour and the highlights from two of the biggest events in the financial technology calendar next week, Sibos in Sydney, Australia, and Money 20/20 in Las Vegas.
Commerzbank is to apply machine learning technology from Amsterdam-based Conpend to automate pre-compliance checks for traditionally paper-based trade finance transactions.
Seven top-tier banks have joined forces to create a single platform for trade and supply chain finance, helping corporates to communicate seamlessly across multiple banking partners.
18 October 2018
The payments industry remains one of the brightest spots on the financial services landscape, according to a report from the Boston Consulting Group (BCG) and Swift, which predicts global revenue to grow by more than $1 trillion by 2027.
Standard Chartered is working with Chinese networking conglomerate Huawei on the development of IoT sensors that would automatically trigger payments to corporates by providing real-time data on the movement of goods.
10 October 2018
News/security
A North Korean hacking group has used the Swift network to try to steal more than $1.1 billion dollars from at least 16 financial institutions around the world since 2014, according to security specialist FireEye, which warns that he crooks are still operating.
05 October 2018
The Federal Reserve Board is calling for public comment on its plans to build a real time gross settlement (RTGS) system that finally brings faster payments to America.
04 October 2018
Financial messaging network Swift is to give member banks deeper insights into their cross-border payment flows with the release of a 'Business Intelligence gpi Observer Analytics' tool.
02 October 2018
The we.trade blockchain for trade finance initiative established by a coalition of nine banks is joining forces with three former Batavia consortium banks, extending the platform's reach to 13 European countries.
Swift has recruited a senior executive from Google for a newly-created data analytics position with a brief to extract the value of the banking co-operative's big data assets for the benefit of members and its own future product strategy.
28 September 2018
Blockchain-based cross border business payments startup Veem has raised $25 million in a strategic funding round led by Goldman Sachs and joined by Google Ventures.
27 September 2018
BNP Paribas is teaming up with fintech firm Cashforce to offer its corporate clients digital cash forecasting and treasury management technology. The French bank has also made an investment in Cashforce.
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