Transaction Banking

Fresh ICC survey shows pace of trade finance digitalisation

The International Chamber of Commerce (ICC) 10th annual Global Survey shows that 60% of banks are moving towards greater digitalisation, though only 9% say technology solutions have so far increased efficiency.  Over 60% of banks surveyed in the new ICC report—Global Trade: Securing Future Growth—reported to have implemented, or to be in the process of implementing, technology solutions to digitalise their trade finance operations.  Read more »

Temenos

AI-based Safety to Battle Fraud

Temenos (SIX:TEMN), the banking software company, today expanded its leading financial crime mitigation product to include an AI-based Suspicious Activity Prevention solution protecting banks and their customers from fraud.  Demand for financial compliance and the increasing levels of financial crime are putting huge pressure on banks. Their legacy processes have grown so complex with a high level of manual work for screening alerts and other... more Read more »

Bolero International wins GTR Best Deals award

Bolero International, HSBC and Home Depot, have jointly won a GTR Best Deals 2018 award for their innovative implementation of a matched purchased order supply chain financing solution. The award, made by the editorial team of GTR, recognised the deal as one of the best over the previous 12 months and follows its recognition as best supply chain finance strategy in theCorporate Treasurer (CT) awards for Asia’s Best Treasury and Finance... more Read more »

Citizens Bank Taps Finastra and Infosys for Trade Finance Solution

Citizens Bank, working with Infosys as its implementation partner, has selected Finastra to power the trade finance solution it offers to its corporate clients. This new capability will enable Citizens’ corporate clients to digitize traditionally paper-based trade processes, leading to increased efficiencies and reduced costs. Read more »

SmartCash Highlights 2018 Initiatives to Accelerate Global Adoption, Recaps Key Achievements

SmartCash, a community governance, cooperation and growth focused crypto-asset created via blockchain technology, today provides an overview of its recent achievements and ambitions for the year ahead. Self-funded, Merchant-Centric, Community-Driven and Easy to Use Recent accomplishments have positioned SmartCash to become the ideal choice for making payments anywhere in the world by introducing the following: Read more »

The most popular Chinese app will be available in Italian shops and online

Shopping with their smartphones will be increasingly possible, for more than 3 million Chinese tourists arriving each year in our country, thanks to the agreement signed between Gestpay, the Italian solution for online payment of Sella Group, and Alipay, the payment platform of Ant Financial, an affiliate company of Alibaba Group. Read more »

Worldpay, PAX and AEVI to revolutionise the POS experience

Vantiv, now Worldpay, Inc. (NYSE: WP) announced today at ETA TRANSACT (Booth #410) it is adding the handheld PAX A920 to its line of SmartPay Series™ terminals. These devices feature a single software platform providing a common user experience for merchants. SmartPay terminals also use a flexible Android-based operating system with pre-loaded business application bundles specifically designed to best meet a merchant’s needs. Read more »

Hungary’s OTP Bank Group Builds Foundation for Future Growth with ACI Worldwide

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Hungary’s OTP Bank Group, one of the largest independent financial service providers in Central and Eastern Europe, will utilise the full range of ACI’s UP portfolio of solutions to drive its digital transformation strategy. Read more »

$1 billion in transactions processed on Ecobank Mobile App in Africa

The groundbreaking Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion since launch less than 18 months ago.   Read more »

Nasdaq Welcomes iQIYI, Inc. (Nasdaq: IQ) to The Nasdaq Stock Market

iQIYI, Inc. (Nasdaq:IQ), the market-leading Chinese online entertainment service and video platform, rang the opening bell at the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market. Read more »

FIATA and essDOCS launch project to digitise FIATA & NVOCC Bills of Lading

The International Federation of Freight Forwarders Associations (FIATA) has signed a Memorandum of Understanding (MoU) with essDOCS to provide a framework for further cooperation in digitising Bills of Lading. Read more »

WeSwap Launches Across All Global Currencies

Peer-to-peer currency exchange platform WeSwap can now be used in ANY currency, anywhere in the world – marking the latest launch in a series of 2018 rollouts that help travellers get the most out of their holiday money.  Today's announcement comes at a time where the nation is planning to spend - on average - £821 per person on their trips abroad in 2018, up from £726 per person in 2017 (WeSwap’s nationally representative 2018 Travel Index). Read more »

Nabil Bank chooses Compass Plus Processing Centre

Nabil Bank, one of the leading banks in Nepal and the first private sector bank in the country, has migrated its card processing business to the Compass Plus Processing Centre. The bank was established with the aim of extending international standard, modern banking services to Nepal and has migrated to Compass Plus to ensure it continues to meet and exceed these objectives. Read more »

Fiserv partners Mastercard to approve more genuine transactions without increasing risk

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today it is offering Mastercard® Decision Intelligence™, a comprehensive decision and fraud detection service. Read more »

Profile Software silver sponsor at the FinovateEurope in London

Profile Software, an international financial solutions provider, announced today that it is showcasing its pioneering and award-winning Banking and Investment Management solutions at the innovative FinTech event “FinovateEurope 2018”, being a Silver Sponsor, on 6-9 March 2018 in ExCel London. Read more »

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