Latest Transaction banking News: Finextra Research

US millennials choose security over the latest technology fads for instant mobile payments

VocaLink, the global payment partner to banks, corporates and governments, today launched “The Millennial Influence”, a report examining the payments behavior of millennials (i.e. those aged between 18-35) in the United States.

25 October 2016

Finextra TV/Transaction banking

Managing endpoints critical for DL security

Stephen Scharf, Chief Security Officer, DTCC, talks about the cyber security implications of blockchain and how distributed ledger could contribute to recoverability by enabling redundancy and back-up.

25 October 2016

Finextra TV/Transaction banking

Customers want a path through uncertainty

Adam Raw, Head of FI Propositions, Global Transaction Banking, Lloyds Banking Group, discusses the regulatory, political and technology drivers creating an environment of uncertainty for transaction banks and their customers, and looks at how banks can help their customers by bringing improved speed and agility to product development through the implementation of cross-functional teams.

25 October 2016

Company update/Transaction banking

Citi adds new capabilities to Online Investments Portal

Citi’s Treasury and Trade Solutions has enhanced the Citibank Online Investments (OLI) portal with new features that provide clients with more options in managing their liquidity.

24 October 2016

Company update/Transaction banking

Bank of America Merrill Lynch speeds up US wholesale lockbox processing

Bank of America Merrill Lynch’s recent technology investment in end-to-end lockbox operations has improved its speed of processing from the time of receipt to the time of deposit by 25 percent, and the rate of straight-through automation to more than 70 percent.

24 October 2016

News/Transaction banking

CBA and Wells Fargo combine blockchain and IoT to revolutionise trade finance

Commonwealth Bank of Australia and Well Fargo are claiming a world-first interbank open account transaction using a blockchain and the Internet of Things for the shipment of goods across international borders.

24 October 2016

Finextra TV/Transaction banking

Community needs to act together on cyber

Alain Raes, Chief Executive, EMEA and Asia Pacific, Swift, reflects on the cyber discussion at Sibos and talks about the programme Swift is running to help banks, their counterparties and their wider communities to tackle the cyber threat collectively going forward.

24 October 2016

News/Transaction banking

Visa treads on Swift's toes with blockchain pilot for high value payments

Visa is working with blockchain outfit Chain on the development of a near real-time funds transfer system for high value bank-to-bank and corporate payments.

21 October 2016

Finextra TV/Transaction banking

Blockchain won’t be as disruptive as people think

Cian Burke, Head of Securities Services, HSBC discusses why big data and data analytics still dominate conversations, and the effect distributed ledger technology may have on post-trade and operations.

21 October 2016

Finextra TV/Transaction banking

Digital a big opportunity for small banks

Astrid Stolbrink, Head of FSI EMEA Services, SAP, talks about smaller established banks’ advantages when it comes to providing banking anywhere, anytime, and how they can approach breaking down the silos in their organisations to realise this opportunity.

20 October 2016

News/Transaction banking

Banks test Ripple digital asset for cross-border payments

A dozen member banks of the R3 distributed ledger consortium have been trialling Ripple's network and native currency to tackle the costs and inefficiencies of interbank cross-border payments.

20 October 2016

Company update/Transaction banking

BFC Group granted UK banking licence

In October 2016, our latest venture ‘BFC Bank’ received authorisation by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) (FRN 716167) in the United Kingdom for a banking licence.

20 October 2016

Finextra TV/Transaction banking

There is no one-size-fits-all to instant pricing

Trevor LaFleche, Dovetail, speaks about the findings of the Finextra and Dovetail research paper on the pricing of instant payments, and what banks should be doing in light of the changing climate.

19 October 2016

Finextra TV/Transaction banking

The payments cake is growing

Jean-Francois Denis, Deputy Global Head of Cash Management, BNP Paribas and Christophe Vergne, Payments and World Payments Report Leader, Capgemini, talk about the double digit growth revealed in the latest World Payments Report and how this paves the way for banks to launch new instruments, and explore the transformational regulatory landscape and how banks need to react to corporates’ demands for more digitalisation of support functions.

19 October 2016

Finextra TV/Transaction banking

Effectiveness key for financial crime compliance

Nicolas Stuckens, Head of Sanctions compliance services, SWIFT, talks about how the compliance discussion has evolved to place a real focus on better fighting financial crime, and on how to leverage utilities to access best of breed solutions, standards and market practice and achieve better quality and effectiveness.

19 October 2016

News/Transaction banking

JP Morgan opens virtual business branch in Indonesia

JP Morgan is opening a virtual business branch in Indonesia, using technology to expand its geographic reach without having to buy real estate.

19 October 2016

Finextra TV/Transaction banking

Customer value drives changes in payments

Gene Neyer, Industry & Regulatory, Global Payments, D+H, talks about how ISO 20022, PSD2 and real-time are coming together to transform the payments landscape, and the growing recognition that collaboration is needed to deliver value to customers in the payments landscape.

18 October 2016

Finextra TV/Transaction banking

Speed, safety and transparency drive innovation

Benoit Dessere, Head of Cash Management, Societe Generale, discusses how innovation is enabling banks to meet customer demand for anytime, anywhere, any device services, and talks about why digitalised information such as e-signatures and e-documents will bring more immediate and significant advantages to cash management than blockchain.

18 October 2016

Finextra TV/Transaction banking

We need a sustainable cadence with fintech

Leda Glyptis, Director, Sapient, talks about how emerging technologies are driving evolution in the fintech climate, and how financial institutions are reacting.

18 October 2016

Company update/Transaction banking

PayCommerce raises $22m

PayCommerce, the leading enterprise cross-border payments network for payments disbursement and acceptance, today announced a $22 million investment from Tritium Partners.

18 October 2016