Transaction banking

874 articles tagged with this keyword

/wholesale

Commerzbank makes blockchain-based trade finance transactions

Commerzbank has completed a blockchain-based Letter of Credit transaction for a client on the Contour digital trade finance platform.

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The Bank of London applies for EU banking licence

The Bank of London, a global clearing and transaction banking startup, has applied for a European banking licence and committed to a €200 million investment and the hiring of 300 people in Luxembourg over the next five year.

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Citi Commercial Bank launches digital client platform

Citi has launched a digital client platform for its commercial bank customers, bringing together all of its products and services in one place.

/regulation

Singapore fines banks for AML breaches in Wirecard affair

Singapore has slapped three banks and an insurer with fines for anti-money laundering breaches connected with the Wirecard scandal.

/payments

SocGen and Lemonway join forces to service corporate B2B marketplaces

Societe Generale has signed a deal with Lemonway to deliver payment services to large corporates launching B2B marketplaces in Western Europe.

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Lloyds Bank strikes deal with Enigio to digitise trade finance documentation

Lloyds Bank is to bring blockchain to bear on trade finance documentation, using technology from Swedish firm Enigio to dematerealise promissory notes, bills of exchange and bills of lading.

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The Bank of London recruits Silicon Valley Bank's Gavin Hewitt as CFO

The Bank of London, a global clearing and transaction banking startup, is continuing to sweep up senior executives from across the industry, appointing Silicon Valley Bank's Gavin Hewitt as group chief financial officer.

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The Bank of London recruits Phil Knight as IT chief

The Bank of London, a global clearing and transaction banking startup, has poached Phil Knight from 10x Banking as group CTO and chief information security officer.

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Standard Chartered launches Payouts-as-a-Service tech

Standard Chartered has launched an API-first Payouts-as-a-Service offering that will let digital businesses manage one-to-many payments.

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Swift and MonetaGo tackle trade finance fraud

Swift has teamed up with vendor MonetaGo to launch a trade financing validation service for the messaging network's 11,000+ members.

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BNP Paribas to buy currency risk management firm Kantox

BNP Paribas has struck a deal to buy currency risk management automation firm Kantox. Financial terms were not disclosed.

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Goldman Sachs expands Transaction Banking to Europe

Goldman Sachs is opening its API-based Transaction Banking (TxB) platform to corporates in the European Union.

/retail

UK's bank branch sharing project to be extended

A trial project involving bank branches shared by multiple institutions is set to be rolled out across the UK.

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The Bank of London to open new tech hub in Charlotte, creating 350 jobs

Global clearing and transaction banking startup, The Bank of London, is to open Global Platform & Services headquarters in Charlotte, North Carolina, creating 350 new jobs by 2026.

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Banks choosing to build and not buy tech, suggests survey

Corporates' demands for digital services are leading a majority of corporate banks to look in-house when building their technology stack, according to recently published research.

/payments

Rogers outage shuts down Canadian banks' ATMs, POS and internet banking

Interac, a Canadian e-transfer service, is currently down due to issues with the Rogers network provider.

/wholesale

Singapore banks pick MonetaGo to build trade finance registry

The Association of Banks in Singapore (ABS) has chosen MonetaGo to build a new network for registering trade finance transactions.

/people

Finastra hires Isabel Fernandez to lead lending biz unit

Finastra has appointed former ING Bank board member Isabel Fernandez as EVP for the company’s lending business unit.

/startups

SocGen launches payment and transaction banking accelerator programme

Societe Generale has launched an accelerator programme for startups working in trade finance cash management, factoring and correspondent banking.

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Mastercard poaches Goldman Sachs transaction banking IT lead as head of B2B

Mastercard has appointed Goldman Sachs' head of digital for transaction banking Chad Wallace as executive vice president for B2B Solutions.