Latest Bank of America Merrill Lynch News: Finextra Research

Swift pilots API-based pre-validation service to cut payment errors

Swift has signed 14 major banks - including Bank of China, Citi and Deutsche Bank - to a pilot using APIs to pre-validate gpi payments, speeding up identification and cutting out errors and omissions in messages.

05 December 2018

/Sibos

Sibos 2017: How to profit from the data goldrush

The billion dollar question at today's Sibos Future of Money session: Who is going to be able to successfully extract the gold from the data mine and become the Amazon of the financial services world?

18 October 2017

/Sibos

Microsoft takes it own blockchain medicine in trade finance deployment

Bank of America Merrill Lynch is collaborating with Microsoft on a project to implement blockchain technology for trade finance transactions.

27 September 2016

/Sibos

Swift beware: Ripple signs banks to global payments steering group

As Swift gears up for its annual Sibos jamboree in Geneva next week, the interbank messaging network is facing up to a growing threat from Ripple, which has signed up several major banks to a steering group on the use of distributed financial technology for global payments.

23 September 2016

/Sibos

BofA Merrill Lynch lets firms use mobile numbers to pay customers

Bank of America Merrill Lynch is tapping the technology behind its P2P payments service to launch a system that lets companies send money directly to customers' accounts using their mobile number or email address.

30 September 2014

/Sibos

Swift signs major banks to KYC Registry

Interbank messaging network Swift has recruited a group of major banks to help develop its centralised KYC utility for the collection and distribution of standard information required by banks as part of their due diligence processes.

04 March 2014

/Sibos

EU watchdog warns of financial instability as Sibos bankers complain about regulatory burden

Financial stability within the EU is at risk unless decisive and swift action is implemented by all authorities, according to a warning issued by the European Systemic Risk Board (ESRB), the EU's super-watchdog.

21 September 2011

/Sibos

Banking heads 'hugely disappointed' by T2S delay

Leading banks have expressed their disappointment at yesterday's news that Target 2 Securities (T2S), the European Central Bank's plan to streamline Europe's securities settlement structure, has been delayed yet again.

21 September 2011

/Sibos

Swift completes eBAM pilot

A pilot exercise led by financial messaging cooperative Swift for a single multibank platform enabling corporates to manage their account electronically has been completed.

20 September 2011

/Sibos

Bank of America Merrill Lynch to launch corporate Swift service bureau

Bank of America is to create a global Swift Service Bureau to provide its corporate clients with outsourced access to the Swift financial messaging network.

26 October 2010

/Sibos

Swift links securities matching system to multiple CCPs

Financial messaging outfit Swift is set to link its securities matching system to a range of central clearing counterparties, including EuroCCP, Six x-clear and LCH.Clearnet, enabling brokers to direct their matched off-exchange trades to a variety of providers.

21 September 2010

/Sibos

Bank of America Merrill Lynch taps IdenTrust to bring eBam to corporate customers

Bank of America Merrill Lynch is planning to rollout electronic bank account management (eBam) technology from IdenTrust for its corporate customers.

22 February 2010

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