Transaction Banking

Cobalt strengthens team as it moves ahead to re-engineer the FX market

Cobalt, the foreign exchange (FX) infrastructure based on shared ledger and high performance technology, has hired five experienced professionals to lead its drive to re-engineer the FX market. Post-trade FX is currently riddled with complex legacy systems and manual processes, creating unnecessary cost and risk across the market. The new hires bring a wealth of FX experience to the company and will play an important role in the rollout of... more Read more »

Onguard continues to invest in UK growth strategy with latest appointment

Onguard, the FinTech company that offers a platform which streamlines the entire order-to-cash process, has announced the appointment of Colin Sanders as senior business executive as it continues to invest in its UK growth strategy.  Colin’s appointment comes after a successful year at Onguard which saw record sales which has continued into 2019. Thanks to this continued success, investing back into the company is high on Onguard’s agenda for... more Read more »

Gender bias in money transfers mean migrant women in the UK pay more than men to send money abroad

Fintech InstaReM, has revealed that migrant women in the UK, despite being the primary source of care for their families ‘back home’, pay up to 20% more than men to transfer money abroad. UK Migrant women are disproportionately employed in low income work, and often paid weekly, transfering money ‘little and often’ thereby incurring greater fees. Read more »

CBA accelerates digitisation and robotisation of Trade Finance operations with new IBAS Releases

Norwegian software vendor Commercial Banking Applications (CBA), today announced that the latest release of its IBAS GTF – Global Trade Finance Factory – went live at all CBA’s user banks in November 2018, in full compliance with SWIFT Release 2018.  Release 10.23 of IBAS GTF incorporates all changes mandated by SWIFT to its Messages for the handling of Documentary Credits.  The new IBAS Release enables a high-level of automation, digitisation... more Read more »

Surecomp announces its Trade Finance App Store, SureStore

Surecomp®, the global trade finance fintech leader, announced today the launch of SureStore, an industry first app store offering best-in-class applications for banks and corporates trade finance departments. Today's announcement comes on the heels of Surecomp’s successful roll-out of APIsure, its open API platform that enables the rapid adoption of these new products and services. Read more »

Citi Launches Digital Onboarding for Institutional Clients through CitiDirect BE

Citi’s Treasury and Trade Solutions (TTS) has launched  CitiDirect BE® Digital Onboarding setting new standards of excellence for client experience. The new digital account opening experience for institutional clients is now available in North America and across six countries in Western Europe. This ground-breaking solution will be rolled out across the rest of EMEA, Asia Pacific and Latin America in the coming quarters. Read more »

Tradeteq partners with World of Open Account for “receivables as an investment class” Learning Lab

Tradeteq, the innovative AI-driven trade finance investment platform, has partnered with World of Open Account (WOA) to become Chair Partner of their “receivables as an investment class – funding and capital” Learning Lab. WOA’s Learning Labs gather members of the WOA community to provide insight and knowledge into four areas of strategic importance to the open account ecosystem: People and Talent; Risk and Regulation; Products and Markets;... more Read more »

One Step Closer to Making Global Payments Frictionless With ONPEX’ Automated FX Capabilities

Building on its successful multi-currency IBAN account offering, ONPEX will be launching its new automated foreign exchange (FX) capability in March 2019. With the release of this solution, ONPEX’ unique IBAN offering will support seamless FX for more efficient currency management and for sending and receiving money internationally.  Read more »

Wirecard and P.F.C. to launch the next generation of digital banking services in Sweden

Wirecard, the global innovation leader in digital financial technology, together with the Swedish FinTech P.F.C. - Personal Finance Co., formerly Betalo, have introduced a new digital banking proposition aimed at hundreds of thousands of Swedish consumers. The cooperation between Wirecard and P.F.C., which was founded in May 2012 and belonged to the 50 fastest-growing Swedish technology companies in 2017, has enabled P.F.C to launch Sweden’s... more Read more »

North American banks need to prepare for digital change, according to report released by Temenos

Changing customer behaviors and demands should be fueling change in the service and products retail banks are offering, according to an in-depth study released today by Temenos (SIX: TEMN), the banking software company.   Read more »

TransLink.iQ awarded the gold medal as Product of the Year’2018

The software solution for transaction routing and management of payment terminals network TransLink.iQ, developed by ASHBURN International, which is part of the Penki Kontinentai Group, received the gold medal of the annual Product of the Year competition.  Read more »

RSRCHXchange announces Partner Provider Programme 2018 intake

RSRCHXchange, the research marketplace and aggregator, today announced the launch of its Partner Provider Programme including the first intake of sell side firms. Over the past few months, RSRCHXchange has witnessed a growing demand for a research marketplace from banks, brokers and independent research providers. The new Partner Provider Programme represents those firms who opt into the RSRCHX marketplace to sell their research services,... more Read more »

NEOXAM RECEIVES FINANCE INNOVATION ACCREDITATION FOR AI PROJECT

NeoXam, a leading provider of data management and transaction software solutions dedicated to the financial industry, today announces it has received a “Finance Innovation Accreditation” by the French Public Authorities for its Artificial Intelligence (AI) offering.  Finance Innovation is the unique cluster for innovation in the French financial sector. Its goal is to accelerate the creation and development of innovative projects devoted to... more Read more »

HSBC launches Liquidity Management Portal

HSBC Holdings Plc has launched a Liquidity Management Portal to give corporate and financial institution clients a clearer picture of their cash position globally and provide tools to self-manage their liquidity, enabling improved funding and investment decisions. Read more »

ION treasury solution UPS wins EuroFinance 2018 Treasury Excellence Award for Technology Implementation

ION, the largest global provider of trading, analytics and risk management solutions for capital markets, commodities and treasury management, announces that its customer, the global logistics leader United Parcel Service (UPS), is winner of the 2018 EuroFinance Treasury Excellence Award for Technology Implementation. The annual EuroFinance Awards recognize companies that have applied new technology successfully to a core treasury problem, and... more Read more »

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