Category: Corporate Banking

Activity, Corporate Banking

Russian digital bank Tinkoff taps Finastra for Asian expansion

December 17, 2021

Via: FinTech Futures

Tinkoff, which currently serves more than 18.5 million customers, plans to open a subsidiary bank in the Philippines as part of its wider Asian expansion strategy. Reports that the firm was seeking a banking licence in the country came to […]

Activity, Corporate Banking

The development of real-time payments in the US

December 15, 2021

Via: FinTech Futures

When it comes to payments, a sea-change is underway in the US, where a series of updates to existing payment rails, as well as the introduction of new, real-time solutions and overlay services, looks set to revolutionise payments as we […]

Activity, Corporate Banking

USD/CAD Continues Higher Despite Bank of Canada Inflation Mandate Extension

December 14, 2021

Via: DailyFX

Overnight, the Bank of Canada (BoC) agreed to extend the 2% annual inflation mandate, which was set to expire on January 1. This allows BoC policymakers more flexibility in combating rising prices while waiting for the economy to absorb labor […]

Activity, Corporate Banking

Tinkoff adds to business ecosystem with Jump.Finance

November 30, 2021

Via: FinTech Futures

The deal was undertaken on behalf of Tinkoff Business, the branch of Tinkoff Group that services SMEs and large businesses. Jump.Finance will be integrated into the Tinkoff Business ecosystem and retain its current team, including co-founders Mikhail Kirichenko and Anton […]

Activity, Corporate Banking

Mastercard acquires Latin American Start Path protégé Arcus

November 29, 2021

Via: Banking Technology

The takeover is intended to support the delivery of bill pay solutions and other real-time payment applications across Latin America. Arcus was launched in 2013 and its platform enables businesses to launch and offer payment solutions. Users include BBVA, Santander, […]

Activity, Corporate Banking

U.S. Bancorp to Acquire TravelBank, an All-in-One Expense and Travel Management Solution

November 16, 2021

Via: Yahoo

U.S. Bancorp, the parent company of U.S. Bank, has entered into an agreement to acquire TravelBank, a San Francisco-based fintech company that provides an all-in-one, tech-driven expense and travel management solution. TravelBank is easy to use for employees and helps […]

Activity, Corporate Banking

JPMorgan Chase, Bank of America, TD reign in small-business satisfaction: J.D. Power

November 1, 2021

Via: Banking Dive

The J.D. Power survey included responses gathered between June and August from 7,327 small-business owners and “financial decision-makers.” The research firm found customer satisfaction ranked 13 points higher, on average — 829, among customers of national banks, as opposed to […]

Activity, Corporate Banking

Valley Bank unveils payments app for cannabis businesses

October 27, 2021

Via: Payments Dive

Valley Bank, a $41 billion-asset institution based in New Jersey said its new payment platform will provide a solution to an industry-wide cash issue plaguing its cannabis-related businesses by allowing their customers access to a mobile wallet payment system. The […]

Activity, Corporate Banking

The top three community banking trends for 2022

October 26, 2021

Via: FinTech Futures

Competition in the banking sector has heated up over the past year as a result of the COVID-19 pandemic accelerating the shift to digital services. But, as businesses and local communities re-engage with more in-person interactions, community financial institutions (CFIs) […]

Activity, Channels, Corporate Banking

Goldman Sachs, AmEx debut corporate payments service

October 20, 2021

Via: Payments Dive

American Express and Goldman Sachs announced a collaboration on Wednesday to offer AmEx’s virtual cards through Goldman’s corporate banking platform, Goldman Sachs Transaction Banking (TxB). The new digital offering aims to make business-to-business (B2B) payments easier and more streamlined for […]