Latest Transaction banking News: Finextra Research

Are Banks Better Positioned to take on their Smaller Rivals?

27 July 2020 79 downloads

Deutsche Bank invests in Traxpay

Deutsche Bank AG has announced its investment in the Frankfurt-based fintech Traxpay GmbH, with both parties signing the agreements in Frankfurt this Friday.

24 July 2020

Company update/wholesale

Citi launches supplier finance mobile app in Latin America

Citi launched a new mobile app in Latin America to facilitate suppliers enrolled in Citi Supplier Finance domestic programs access to working capital.

23 July 2020

Company update/Transaction banking

DBS to provide digital trade financing for Infor members

Infor, a global leader in business cloud software specialised by industry, today announced that it is partnering with DBS Bank, Southeast Asia’s largest bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses.

22 July 2020

Company update/wholesale

JPMorgan to provide corporate clients with an aggregated view of multi-bank accounts

J.P. Morgan Asset Management (NYSE: JPM) and Hazeltree, the leading provider of cloud-based treasury solutions for investment managers, have partnered to deliver a unique and integrated cash and liquidity management platform to private equity, private credit, real estate and infrastructure funds.

21 July 2020

News/wholesale

SMBC joins Contour and Komgo as Covid-19 propels digital trade

Sumitomo Mitsui Bank Corporation SMBC is stepping up its involvement in blockchain-based trade finance networks, joining Singapore-based Contour and Swiss platform Komgo.

21 July 2020

News/wholesale

Deutsche Bank introduces Blue Bot 'Yi' to corporate customers in China

Deutsche Bank's corporate bank in China has unveiled its new customer-facing digital employee, Blu Bot Yi, charged with handling client's financial reports.

20 July 2020

Research/Transaction banking

How to Prevent Payments Fraud amid Global Disruption

16 July 2020 635 downloads

Company update/wholesale

Contour and DBS support LoC transaction between Nanjing Iron & Steel and Rio Tinto on blockchain

Contour, together with member bank, DBS Bank, continue to push the digitalisation of trade finance with the completion of the network’s first fully digital end-to-end secured Letter of Credit (LC) between Nanjing Iron & Steel, Singapore Jinteng International and Hope Downs Marketing Company (an equal Joint Venture between Rio Tinto and Hancock Prospecting).

15 July 2020

Company update/payments

American Express moves into accounts payable space

American Express (NYSE: AXP) launched American Express One AP™, the company’s first proprietary automated accounts payable (AP) solution that enables U.S. businesses to process supplier payments more easily and efficiently.

15 July 2020

News/payments

CPMI sets out plan to fix 'slow, expensive, unreliable' cross-border payments

The emergence of new players such as Libra has thrown into sharp relief how slow, expensive and unreliable traditional cross-border payments can be, says a Bank for International Settlement committee report which also offers some ideas for improving the situation.

15 July 2020

Company update/wholesale

EssDOCS’ CargoDocs DocEx to be available within Finacle Trade Connect blockchain

essDOCS, the leading enabler of paperless trade, today announced a partnership with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), for driving automation in Trade finance processes though Distributed Ledger Technology (DLT).

08 July 2020

Company update/payments

Standard Chartered joins Ibos

IBOS Association (IBOS), an international banking network, is delighted to announce its newest member to the group, Standard Chartered Bank.

08 July 2020

Research/Transaction banking

Shifting to the New Normal in Card and Digital Payments

07 July 2020 891 downloads

Company update/security

BNY Mellon taps Early Warning for real-time account validation

BNY Mellon today announced a strategic collaboration with risk and payments solution provider Early Warning Services, LLC (EWS).

02 July 2020

Company update/payments

Surecomp unveils trade finance-as-a-service

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its Trade Finance-as-a-Service (TFaaS) suite comprising back-office trade finance management and processing, front-office for banks’ corporate clients, open API connectivity and full access to its Marketplace.

01 July 2020

Company update/payments

BNP Paribas goes live with Swift gpi for Corporates Pay and Trace

After the successful integration of the SWIFT gpi-related information in its global ebanking channel Connexis Cash earlier this year, BNP Paribas is now extending its gpi capabilities with the launch of the g4C Pay and Trace service.

25 June 2020

Company update/regulation

EWUB Luxembourg signs up with BearingPoint for tax reporting

BearingPoint RegTech, a leading international provider of innovative supervisory, regulatory and risk technology solutions (SupTech, RegTech and RiskTech), has won East-West United Bank (EWUB) as a new customer for its established tax reporting solution FiTAX.

25 June 2020

News/retail

Tandem’s Ricky Knox on changing psychologies towards credit amid Covid-19

Ricky Knox, CEO and founder of Tandem Bank reflects on Covid-19’s impact on customers financial health and gives FinextraTV his take on shifting attitudes towards credit, pre and post-pandemic.

18 June 2020

Company update/wholesale

Surecomp releases Fastrade for SMEs

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its new front-office solution Fastrade, designed specifically for small-to-medium sized enterprises (SMEs).

18 June 2020