Tag: transaction banking

January 18, 2023

Reuters reports the firm outlined a pre-tax loss for the unit, which includes its transaction banking, credit card and fintech businesses, of $1.2 billion for the first nine months of 2022. This follows a $1.05 billion loss in 2021 and […]

September 16, 2022

Modern Treasury’s flagship Payment Operations platform will provide mutual clients with an integrated money movement solution, with payments powered by TxB. “Modern money movement is software driven,” comments Dimitri Dadiomov, Modern Treasury CEO and co-founder. “Goldman Sachs understands software developers.” […]

April 21, 2020

Backed by a UK Government guarantee, Barclays will provide lending of up to £50 million for firms with a turnover of over £250 million, and of up to £25 million for businesses with turnover from £45 million up to £250 […]

November 15, 2019

This shift is occurring because consumers need instant and on-demand access to everything. As incumbent banks have inconsistently delivered in the first instance, fintech firms have entered the market with an intent to disrupt. According to Deloitte, fintech companies now […]

October 21, 2019

Today, the bank is introducing a series of new capabilities that increase efficiency, transparency and mobility for business customers. These updates are making business easier for the bank’s clients: Digitized KYC (Know-Your-Customer) Refresh. One of the biggest pain points for […]

June 7, 2019

Chief among the headwinds to greater blockchain adoption is the tough regulatory environment around consumer finance and the poor reputation of cryptocurrencies such as bitcoin which have made the retail banking sector “nervous and cautious” about any blockchain-related initiatives, says […]

June 6, 2017

HSBC has launched a digital marketplace platform connecting buyers with suppliers around the world. Businesses in Canada, Mainland China, Hong Kong, India, Mexico, Singapore, the UK and the USA can now sign up to the multi-lingual HSBC Connections Hub for […]

December 22, 2016

August’s banking report from the Competition and Markets Authority (CMA), calling for banks to open up and allow more competition, received a mixed reaction. Some hailed it as a game changer, however, many labelled it as just one of a […]

December 16, 2016

Technology has changed the very psychology of money and the way we perceive it and artificial intelligence promises to further the ease of doing business for economies across the globe. The great recession left people unsure and with a lower […]

August 31, 2016

Transaction banking has made remarkable progress in recent years. The easy availability of new tools and technologies has improved operating efficiency and accuracy. The challenges of increasing volumes, evolving regulation and growing competition from new market players, complex customer demands. […]

May 23, 2016

Global Supply chain finance’s (SCF’s) original value proposition is to facilitate access to finance by arbitraging an “anchor” buyer’s lower funding costs on selected suppliers’ behalf. This principle of SCF would lead one to believe that almost all existing SCF […]