893 articles tagged with this keyword
News/Transaction banking
A federal science agency in Australia has claimed a world first after completing testing on a global blockchain network that is capable of processing 30,000 cross-border transactions per second.
26 September 2018
Denmark's Financial Services Authority (FSA) is bracing itself for a formal enquiry from the European Banking Authority over the money laundering scandal at Danske bank that was reported last week.
25 September 2018
The UK's banking watchdog is threatening to charge Tesco Bank £30m for its failure to prevent a cyber attacks that affected thousands of customers in 2016.
An interbank blockchain project led by JPMorgan designed to speed up the exceptions process has recruited more than 70 banks in a move that would make it one of the largest application of distributed ledger technology (DLT) by regulated banks.
The Irish government has continued its bid to develop the country as a European fintech hub with the launch of a five year, €5m fintech research and development project.
21 September 2018
A spate of online banking glitches has hit the UK's leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.
Some of the world's biggest banks, including Citi, MUFG and Societe Generale, have joined forces on a venture bidding to digitalise the trade and commodities finance sector through a blockchain-based open platform.
19 September 2018
The CEO of Danske Bank, Thomas Borgen, is to step down following allegations that the Danish bank laundered billions of mostly Russian cash through its Estonian branch.
New York state has filed a lawsuit against the US Office of the Comptroller of the Currency (OCC) over a decision to allow fintech companies to apply for national banking charters.
17 September 2018
The world's largest payment card issuer, China UnionPay, is reportedly planning to enter the European market in a move that could cause serious competition for Visa and Mastercard.
Mastercard has launched a global trade platform, powered by Microsoft Azure, that is designed to streamline and automate the procure-to-pay process for companies around the world.
12 September 2018
ABN Amro and solarisBank have participated in a $14 million funding round for CrossLend, a Berlin-based startup which is endeavoring to use blockchain technology to create a European debt exchange.
06 September 2018
IBM is preparing to demonstrate a blockchain-based alternative payments system to international banking representatives attending the annual Swift operations conference in October in Sydney.
04 September 2018
UK-based P2P business loans outfit has confirmed plans to float 25% of its shares in an IPO that would value the seven-year old company at £2 billion.
03 September 2018
Accounting software firm Sage has parted company with its chief executive following problems encountered in the migration of its service to the cloud
31 August 2018
UK-based Ebury has become the first fintech to be a full and active participant on gpi, Swift's cross-border payments scheme.
30 August 2018
Full service has resumed at the Reserve Bank of Australia (RBA) after it suffered a power outage on Thursday.
US bank JP Morgan has hired a former Google executive as its new head of artificial intelligence (AI) and machine learning (ML).
29 August 2018
Royal Bank of Scotland (RBS) has reportedly enlisted the help of challenger bank Starling in its efforts to develop a digital bank of its own.
28 August 2018
Both UK and European banks are separately looking at projects to design an early warning system using market data to mitigate the threat of major misconduct or the beginning of the next financial crisis.
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