Top

Category: Business Banking


Business Banking, Products, Retail Banking

JPMorgan is acquiring a major credit card rewards business in a bet that travel will rebound next year

December 28, 2020

Via: CNBC

JPMorgan Chase has agreed to purchase one of the biggest third-party credit-card loyalty operators in a bet that pleasure travel will rebound sharply after the coronavirus pandemic subsides, CNBC has learned. The bank agreed Monday to acquire the technology platforms, […]


Activity, Business Banking, Corporate Banking, Products

Goldman Sachs bankers are using flying drones to help clinch billion-dollar M&A deals

November 25, 2020

Via: CNBC

Drones have arrived on Wall Street. Goldman Sachs, the world’s top mergers advisor, is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s […]


Business Banking, Products

Mastercard to help Canada build its new real-time payments rails

November 16, 2020

Via: Banking Technology

Payments Canada, the body which operates Canada’s current payment clearing and settlement system, intends to oversee a revamp under the project name Real-Time Rail (RTR). Both the Bank of Canada and the country’s finance department were involved in the more […]


Business Banking, Products

Goldman’s 60 new partners are fewer, more diverse than in years past

November 13, 2020

Via: Banking Dive

Goldman partners receive a pay raise to a $950,000 base salary and exclusive perks — including the title alone, a vestige of the days when Goldman was Wall Street’s last private bank and partners owned a stake. These days, the […]


Business Banking, Products

JPMorgan Chase takes on Square and PayPal with smartphone card reader, faster deposits for merchants

October 21, 2020

Via: CNBC

JPMorgan Chase is making a play to sell more services to millions of American small business owners, pushing into an area pioneered by fintech firms including Square, PayPal and First Data, CNBC has learned. The bank is rolling out a […]


Business Banking, Products

BofA launches omni-channel approach to cross-currency transactions

October 7, 2020

Via: Finextra

Bank of America is responding to the dual imperatives of cross-currency transactions – technology innovation and client demand for improved efficiency – with an omni-channel offering that now includes API (application programming interface) and mobile connectivity. “We are pleased to […]


Business Banking, Channels, Products

Goldman Sachs launches transaction banking service with Volante

September 24, 2020

Via: Banking Technology

Volante’s VolPay system sits at the core of the new Goldman system. It covers end-to-end processing of domestic and international payments. This includes foreign exchange, US wires, ACH, Swift cross-border payments, and other payment rails. Goldman’s new system, described by […]


Business Banking, Products

Nasdaq plans cloud migration for all 28 markets by 2030

September 21, 2020

Via: Banking Technology

The exchange operator’s data warehouse already sits on Amazon Web Services (AWS). In March, messaging traffic surged as demand for orders, quotes, trades and other market data rocketed. Peterson told WSJ that Nasdaq repeatedly saw daily peaks of more than […]


Business Banking, Products

Wells Fargo extends 25-year processing partnership with TSYS

September 3, 2020

Via: Banking Technology

As part of the multi-year agreement, TSYS will continue to provide a range of processing and support services for the bank’s commercial card portfolio. TSYS has provided its payments processing services to the US lender since 1995. Mary Mazzochi, manager […]


Business Banking, Products

Global Payments signs multi-year deal with Wells Fargo

September 1, 2020

Via: Finextra

As part of the multi-year agreement, TSYS will continue to provide a range of processing and support services for the bank’s commercial card portfolio. Wells Fargo has utilized TSYS’ payments processing platform since 1995. “We continue to benefit from the […]