Latest Transaction banking News: Finextra Research

DBS targets 30% reduction in corporate cheque payments by 2020

To help corporate clients keep in step with changing consumer behaviour where digital payments are becoming more popular, DBS bank today announced that it would help its corporate clients reduce cheque usage by at least 30% in the next 24 months.

09 April 2018

Finextra TV/Transaction banking

Best Execution obligations of MiFID II in action

John Mason, Global Head of Regulatory & Market Structure Strategic Response & Propositions, Thomson Reuters, talks about the impact of RTS 27 and 28 coming into force, what challenges firms are facing with satisfying the Best Execution requirement in terms of data, how the market and clients will be effected and how post MiFID II implementation will the impact non-financial institutions.

09 April 2018

News/Transaction banking

HSBC applies AI to track financial crime

Having racked up billions of dollars in fines for money laundering and sanctions busting, HSBC is cleaning up its act with the global roll out of an AI tool capable of analysing data logs and tracking transactions within a customer's wider network.

09 April 2018

Company update/Transaction banking

NAB launches online app store for merchants

NAB has today announced it has launched NAB Marketplace, where businesses can download apps to their merchant terminals to develop their business and bring an innovative value-added experience to their customers.

05 April 2018

News/Transaction banking

Microsoft defends support for controversial Cloud Act

A long-running court battle between Microsoft and the US government about whether the latter had the right to access emails held in Microsoft's Irish data centre has come to an anticlimactic end after a judge dismissed the case, ruling it to be "moot" due to the recent passing of the Cloud (Clarifying Lawful Overseas Use of Data) Act.

05 April 2018

Company update/Transaction banking

ICICI Bank launches social media-based cross-border remittance service

ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of a service that enables Non Resident Indians (NRIs) to send money to a beneficiary in India using social media like WhatsApp and e-mail.

04 April 2018

Company update/Transaction banking

Lloyds teams up with Planixs for enhanced liquidity management

Planixs today announced that it has formed a strategic partnership with Lloyds Banking Group that will improve the Bank’s intraday cash and liquidity management capabilities and ensure its compliance with the Basel committee’s BCBS248 intraday monitoring regime.

04 April 2018

News/Transaction banking

South Africa's central bank mulls cryptocurrency regulations

The South African Reserve Bank (Sarb) is setting up a dedicated unit to monitor cryptocurrency and fintech developments and inform future regulations and its first job will be to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement.

04 April 2018

Company update/Transaction banking

Crédit Agricole and Wirecard team up for digital payment partnership

Crédit Agricole Payment Services (CAPS), a fully-owned subsidiary of Crédit Agricole, and Wirecard, one of the leading companies in digital financial technology, have signed a comprehensive contract to start their next generation digital partnership in payment services.

04 April 2018

News/Transaction banking

Commonwealth Bank hit by outage

Customers of Commonwealth Bank Australia (CommBank) have been left frustrated after a series of major outages left them unable to access their bank accounts.

04 April 2018

Finextra TV/Transaction banking

Disruption in SME Banking

Daniel Meere, Managing Director, Axis Corporate, talks about how UK SMEs are impacted by the lack of competition in the market for banking services aimed at them, how Williams & Glyn Capability and Innovation funding and Open Banking are currently under way to try to change this situation, how established and new players in the UK banking market are reacting and what they should be doing to better meet the needs of SMEs.

03 April 2018

News/Transaction banking

HSBC to offer Paypal as global disbursement option for corporate clients

PayPal's strategy of making deals with big banks is bearing fruit, as HSBC becomes the latest to add the payment method to its global disbursement service for corporate customers.

29 March 2018

Company update/Transaction banking

Starling Bank moves into business banking

Starling Bank, after recently being voted the Best British Bank, has today become the first fully licensed mobile-only bank to launch business accounts for small businesses and entrepreneurs in the UK.

29 March 2018

Finextra TV/Transaction banking

Payments transformation: the platform for unprecedented opportunities

Martin Coen, President of the new Enterprise Payments Solutions division within Fiserv, talks about the key changes in the payments market, the challenges faced by financial institutions and the help available to financial institutions to address their payments challenges as the opportunities available are unprecedented.

28 March 2018

Company update/Transaction banking

Thomson Reuters collaborates with Salesforce in fight against financial crime

Thomson Reuters today announced it is collaborating with Salesforce to help clients quickly and efficiently on-board new customers and meet regulatory anti-money laundering obligations in the fight against financial crime.

28 March 2018

Company update/Transaction banking

Previse teams up with Virtualstock to deliver seamless ‘purchase to pay’ supply chain model

Previse, the instant supplier payment decision company, and Virtualstock, the leading provider of digital supply chain solutions are partnering to deliver the first fully integrated purchase to pay supply chain system with cash on delivery for suppliers in the UK.

28 March 2018

Finextra TV/Transaction banking

AI sweet spot for customer convenience and experience

Martin Häring, Chief Marketing Officer, Finastra, talks about the hype around artificial intelligence, what quick wins banks can expect to reap from AI, from back office benefits to front office implications on customers, and whether customers will see AI being used in their bank branches soon.

27 March 2018

Company update/Transaction banking

Swift and SAP join forces for seamless corporate processing

SWIFT is joining forces with SAP SE (NYSE: SAP) to offer treasurers a comprehensive, out-of-the-box integration with financial institutions, connecting to the SWIFT network of more than 11,000 financial institutions worldwide.

26 March 2018

Finextra TV/Transaction banking

Mapping internal and external data with RegTech

Andrew Yuille, Head of Risk Business Solutions, Thomson Reuters, talks about what is driving financial services firms to consider RegTech, how the established institutions are looking at RegTech to help FinTechs and Challenger Banks compete, and how the RegTech landscape is likely to evolve in the next 5 to 10 years.

26 March 2018

Company update/Transaction banking

BNI Europa and Varengold provide £135 million funding to MarketInvoice platform

Business finance company MarketInvoice has signed agreements with Portuguese bank Banco BNI Europa (BNI) and German bank Varengold Bank AG to add £90 million and £45 million respectively on its platform.

26 March 2018