893 articles tagged with this keyword
News/Transaction banking
UK-based Nucleus Commercial Finance claims it has made the largest ever P2P loan to date following a £14.5 million financing facility offered to UK steel stockholder Industrial Metal Services (IMS).
20 July 2016
UK payment processing firm Worldpay is experiencing ongoing problems issuing payments despite promising to work with clients to resolve the software issue.
Santander has doubled the size of its fintech investment fund, from $100 million to $200 million, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups.
19 July 2016
Police in Taiwan have arrested three of the 16 men allegedly responsible for stealing more than $2.5m from ATMs earlier this month.
18 July 2016
Lloyds Banking Group has become the latest UK high street bank to launch a mentoring service for fintech startups.
The leaden response of banks to the threats posed by distributed ledger technology leaves the industry exposed to a $150 billion revenue shortfall unless they can up their game, according to an analysis by Bain.
15 July 2016
KBC has developed a blockchain application for managing, tracking and protecting domestic and international trade transactions between SMEs.
12 July 2016
IBM is to establish its first 'Centre for Blockchain Innovation' in Singapore, working in concert with the island city-state's Economic Development Board and Monetary Authority.
Ripple is looking to capitalise on the recent spate of successful bank heists from institutions connected to the global Swift network by introducing a multi-sign feature on its consensus ledger.
06 July 2016
Cross-border payments outfit Earthport has relaunched its foreign currency subsidiary Baydonhill as EarthportFX, providing businesses with access to over 60 currencies across its global network.
05 July 2016
Interbank messaging network Swift has signed 73 banks to its global payments initiative, a range of service level agreements intended to improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments.
28 June 2016
Two Israeli men accused of orchestrating a series of hacks on the computers of several US financial institutions as part of an elaborate stock manipulation scheme have pleaded 'not guilty' as they face trial in a Manhattan court
10 June 2016
The British Bankers Association (BBA) has backed a plan to merge four of the UK's financial services lobby groups into one industry body.
A UK startup designed for the off-exchange derivatives trading market has been unexpectedly wound up after it fell foul of strict new rules on the trading of swaps, reports the Financial Times.
The president of one of the world's largest hedge funds has told an audience of fund managers that he looks forward to the day when they will all be replaced by computers.
09 June 2016
Cylance, a cybersecurity startup that uses algorithms and artificial intelligence, has been valued at $1bn following a round of fundraising that secured more than $100m in private equity investment.
India's central bank is to set up a committee to explore the potential for the country's fintech market which is predicted to double in worth to $2.4bn in the next four years.
08 June 2016
Payments professionals from across Europe are gathering in MIlan this week for EBAday 2016, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.
A new payment network is aiming to help banks turn compliance with the latest payment services directive into a money-spinning exercise.
07 June 2016
A digital authentication service has completed its first transaction at the EBAday event in Milan.
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.