Transaction Banking

Fenergo Doubles its Revenue to €58m

Fenergo, the leading provider of Client Lifecycle Management solutions for financial institutions, today announced that the company doubled its revenue to €58m for the year ending 31st March 2018, and expanded its global footprint into key regions across APAC, Europe & North America. Fenergo continues to show significant growth, having doubled their year-on-year gross margin with an increasing proportion of revenue resulting directly from... more Read more »

NatWest to pilot UK’s first intelligent cash management system with automated account crediting

NatWest and G4S are working together to pilot the UK’s first intelligent cash management solution for businesses later this year. This innovative and secure cash solution enables businesses to benefit from automated account crediting of its cash transactions without having to deposit that day’s takings in their local branch. Read more »

Yolt links up with Anorak to provide impartial life insurance advice for users

Yolt, the smart thinking money app, has announced its latest partnership with smart independent life insurance adviser, Anorak. Yolt and Anorak are aligned in their missions to empower users to take control and make better money decisions - making finances and life insurance more accessible. Connecting Anorak to the Yolt platform means that users now have access to Anorak’s personalised, transparent, impartial and regulated life insurance advice... more Read more »

SmartStream further expands presence in Asia with new Chinese partner TGT Chibo Data Service

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced the appointment of TGT Chibo Data Service, one of the leading technology services and payment solution providers in China, as an official distributor partner for SmartStream’s TLM solutions in the Mainland market. This new agreement will allow TGT Chibo Data Service to initially market SmartStream’s reconciliations solutions to the... more Read more »

Bank of China US Branches Go Live with Fenergo Client Lifecycle Management Solution

 Fenergo, the leading provider of Client Lifecycle Management solutions for financial institutions, announced today that the BoC US Branches, subsidiaries of the 4th largest bank in the world, have gone live on its Client Lifecycle Management platform, Fenergo CLM. Read more »

Token.io is the first PISP for all CMA9 Banks

Turnkey open banking platform provider, Token.io Limited, today announces it is the first Payment Initiation Service Provider (PISP) to conduct an end-to-end payment with public bank APIs for each of the CMA9, a group of the nine largest banks and building societies in Great Britain and Northern Ireland. Reaching this milestone makes the UK the only region in the world with open and functioning Open Banking APIs. Read more »

SAP Concur: UK research throws accuracy of mileage expenses into doubt

Almost two thirds of respondents do not query mileage expenses in the sign-off process Research from SAP Concur, the world’s leading provider of expense, travel and invoice management solutions, has cast doubt over the accuracy of thousands of mileage expense claims across the UK. After surveying hundreds of business employees responsible for authorising claims, a worryingly high 59 per cent of respondents stated that mileage expenses were... more Read more »

Vayana Network enables $1 bn in Trade Financing

Vayana Network, India’s largest 3rd party Short-Term Trade Finance (STTF) platform, today announced crossing the USD 1 billion mark of trade financing on its network.  Vayana’s simple, cloud-based Network enables businesses and their trade partners get easy, digital and fast access to financing from Financial Institutions (FIs), such as Banks and NBFCs, at better than market rates. Read more »

Trade finance distribution platform Tradeteq secures US$6.3mn in seed extension funding

Tradeteq, the trade finance distribution platform, has raised US$6.3mn of equity investment in seed extension funding round, led by ADV. The financing will be used for the expansion of Tradeteq’s platform, and for the release of new applications and data services. Several of Tradeteq’s existing investors also participated in the seed extension round. Read more »

Jackson National Asset Management selects GoldenSource

GoldenSource, the global provider of Enterprise Data Management, has announced that it has been selected by Jackson National Asset Management (JNAM) to provide a fully hosted and scalable data management platform. Read more »

Equiniti to work with the Information Commissioner's Office (ICO)

Equiniti Group, the multinational specialist technology outsourcer providing non-discretionary payment and administration services, is delighted to announce that it has been selected as one of the Information Commissioner Office’s (“ICO”) partners for IT solutions. Read more »

IDG Ventures, Jungle Ventures backed Vayana Network enables $1 bn in Trade Financing

Vayana Network, India’s largest 3rd party Short-Term Trade Finance (STTF) platform, today announced crossing the USD 1 billion mark of trade financing on its network.  Vayana’s simple, cloud-based Network enables businesses and their trade partners get easy, digital and fast access to financing from Financial Institutions (FIs), such as Banks and NBFCs, at better than market rates. Read more »

Cash Automation Technology Helps Retailers Protect Cash and Staff

New study on cash automation presents in-depth insights from retailers in 13 countries on technology which counts, validates and stores banknotes, and which is capable of fully automating cash management in stores. Security considerations drive retailers to invest in automation of cash processing Read more »

The largest B2B & B2C event Traders Fair & Gala Night Singapore

SINGAPORE – The largest B2B & B2C event Traders Fair & Gala Night Singapore organized by FINEXPO is going to take place on October 26, 2018 at Suntec Singapore Convention & Exhibition Centre. Traders Fair & Gala Night Singapore is about to become the biggest world Financial Expo-Forum covering Financial and FX Trading Industry as well as it claims the role of the most favorable way to build up the business connections and widen... more Read more »

Report recognizes Finastra for both banking book and trading book operations

 Finastra has been positioned as a Category Leader in the Chartis RiskTech Quadrants for both banking book and trading book credit risk solutions. The rankings are featured in a recent report published by Chartis, titled Technology Solutions for Credit Risk 2.0, 2018, which assesses the technologies that are addressing the speed, flexibility and risk profile of the lending market. Read more »

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