Latest Transaction banking News: Finextra Research

Swift recruits Google engineer for new data analytics role

Swift has recruited a senior executive from Google for a newly-created data analytics position with a brief to extract the value of the banking co-operative's big data assets for the benefit of members and its own future product strategy.

28 September 2018

News/Transaction banking

Goldman invests in blockchain-based cross-border payments startup Veem

Blockchain-based cross border business payments startup Veem has raised $25 million in a strategic funding round led by Goldman Sachs and joined by Google Ventures.

27 September 2018

Finextra TV/Transaction banking

Client Lifecycle Management for the Buy-Side

Kevin O’Neill, Global Head of Buy-Side Division, Fenergo, talks about what the key challenges currently facing buy-side firms are, how a buy-side operation can become more operationally efficient and deliver a streamlined experience for the client, and how Fenergo’s solutions can improve this experience.

27 September 2018

News/Transaction banking

BNP Paribas enlists Cashforce to digitise cash flow forecasting

BNP Paribas is teaming up with fintech firm Cashforce to offer its corporate clients digital cash forecasting and treasury management technology. The French bank has also made an investment in Cashforce.

27 September 2018

Company update/Transaction banking

Flow Traders deploys Corvil Intelligence Hub

Corvil today announced that Flow Traders, a leading global technology-enabled liquidity provider specialized in Exchange Traded Products (ETPs), has deployed Corvil’s Intelligence Hub to streamline compliance with Order to Transaction Ratio (OTR) requirements.

26 September 2018

Company update/Transaction banking

Legal problems holding back blockchain-based trade finance: research

R3, Shearman & Sterling, and BAFT (Bankers Association for Finance and Trade), have released a technical paper, ‘Code Is Not Law: The Legal Background for Trade Finance Using Blockchain’, which examines the paths to securing legal recognition for “electronic negotiable instruments.”

26 September 2018

News/Transaction banking

Australian agency claims blockchain breakthrough

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

Finextra TV/Transaction banking

Juggling multiple APIs in open banking environments

Tristan Blampied, Senior Product Manager, Pelican, talks about the key challenges faced by players involved in open banking, how the lack of an API standard is preventing the industry from reaching a truly open and interoperable market, and what security risks need to be taken into consideration with open banking and the involvement of authorised third parties.

26 September 2018

Company update/Transaction banking

Bank Central Asia goes live on iGTB banking platform

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing Fintech product company with the CAGR of more than 21% for past three years, has seen its Digital Transaction Banking (DTB) platform go live at PT Bank Central Asia Tbk (BCA).

26 September 2018

News/Transaction banking

Danish watchdog could face EU inquiry over Danske Bank scandal

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

Company update/Transaction banking

Bank Frick buys share in fintech 21.finance

21.finance AG, which is based in Liechtenstein, is to get a new shareholder.

25 September 2018

News/Transaction banking

Tesco Bank facing £30m fine over cyber breach

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.

25 September 2018

News/Transaction banking

JPMorgan blockchain project recruits 70+ banks

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.

25 September 2018

Company update/Transaction banking

Banco BPM licences Cristal for Instant Payments

Banco BPM has selected CRISTAL licensed software package from Worldline [Euronext: WLN], the European market leader in payment and transaction services, for the implementation of its Instant Payment platform.

24 September 2018

Company update/Transaction banking

FX fintech Centtrip adds offline features

Centtrip, a fintech company specialising in international payments, foreign exchange and expenditure, has released an offline feature for its award-winning app.

24 September 2018

Company update/Transaction banking

Santander appoints new CISO

Santander UK today announces the appointment of Emma Leith as Chief Information Security Officer.

24 September 2018

Company update/Transaction banking

Zeepay and Moneygram team up for African mobile wallet play

MoneyGram a global provider of money transfer services, teamed up with Zeepay, a leading African FINTECH Giant, to allow customers to send money directly to all mobile wallets in Ghana in minutes.

24 September 2018

Company update/Transaction banking

Fintech lobby group opens North American division

The Financial Data and Technology Association (FDATA), which played a pivotal role over the last five years in crafting the design and implementation of open banking standards in the United Kingdom and in Europe, announced today the launch of a North American arm, FDATA North America.

21 September 2018

News/Transaction banking

Ireland launches €5m fintech project amid drop in VC funding

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

News/Transaction banking

Outage fever strikes UK banks

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.

21 September 2018