872 articles tagged with this keyword
News/payments
For the latest feather in its cap, the cloud-based ClearBank became the first clearing bank to offer multi-currency bank accounts via API. Partnering with JP Morgan, ClearBank will offer clients the ability to move funds between accounts through an API-based connection to JPMorgan, but this is just one step in what promises to be a period of strong growth for the firm.
22 September 2020
News/crime
A remarkable leak detailing 17 years' worth of confidential transaction reporting has cast doubt on banks' anti-money laundering (AML) efforts by suggesting that leading banks continued to transfer money even when they knew it could be connected to fraud.
21 September 2020
Interbank payment network Swift is to expand beyond pure-play financial messaging to offer member banks a range of transaction management services.
17 September 2020
News/crypto
The president of the European Central Bank, Christine Lagarde, has suggested that the Euro Zone's central bankers are close to making a decision on whether to press ahead with the development of a central bank digital currency (CBDC).
11 September 2020
News/covid-19
Echoing Prime Minister’s Boris Johnson pledge to 'double down on levelling up' the UK economy, Citi Bank’s Tony McLaughlin believes the country can become an even more friendly environment for fintech and should be looking outside “a small perimeter around Old Street”.
09 September 2020
In collaboration with Microsoft, cross-border transaction network RTGS Global has launched the first stage of its operational rollout to boost visibility of interbank liquidity.
03 September 2020
Amid growing criticisms surrounding the misuse of supply chain finance, an industry forum has put out a paper conceding that the issue is "worrying" but insisting that it is not widespread.
26 August 2020
Volante Technologies has raised $35 million in growth equity financing led by Wavecrest Growth Partners with participation from BNY Mellon, Citi Ventures, PostePay and Visa.
03 August 2020
News/people
Australian bank Westpac has appointed former ANZ technology chief Scott Collary to lead the consolidation of its technology and operations division.
28 July 2020
News/wholesale
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
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
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
News/retail
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
SWIFT’s universal confirmation of payment deadline set for November 2020 means that firms have a clear window of opportunity to refine and implement SWIFT’s global payment initiative (gpi) for cross-border payments.
17 June 2020
Unicredit has teamed up with San Francisco-based fintech Taulia to provide corporate clients with a range of supply chain finance, cash forecasting, electronic invoicing, and dynamic discounting tools.
16 June 2020
Payments Canada has announced the availability of ISO 20022 messages for Lynx, the country's new high-value payments system.
15 June 2020
ING spin-out Cobase, a provider of multi-bank treasury management services, has raised €10 million in funding from Nordea and Crédit Agricole CIB.
10 June 2020
The Federal Reserve has announced it will not implement Phase 1 of the Fedwire Funds Services migration to ISO 20022 during 2020 or 2021. It confirms that it does not have any other message format changes planned through 2021.
03 June 2020
The Reserve Bank of Australia (RBA) is considering reducing the charges applied to certain payments due to the high number of people opting for contactless methods in response to the Covid-19 pandemic.
News/regulation
A confidential letter obtained by Finextra Research shows unanimous support for the postponement of the T2-T2S consolidation project by leading banks during the latest Advisory Group on Market Infrastructures for Payments (AMI Pay) meeting where the delay was discussed.
22 May 2020
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