Category: Business Banking

Activity, Business Banking, Investment Banking, Products

Visa invests in cloud-based analytics platform GoodData

May 21, 2020

Via: Banking Technology

The investment is part of a bigger strategic partnership which will see the US card issuer giant co-create data products with the cloud-based firm. The move is part of Visa’s wider play to provide its users with better access to […]

Activity, Business Banking, Corporate Banking, Products

JPMorgan is first US bank to serve crypto exchanges as banking clients

May 13, 2020

Via: Banking Technology

It’s the first time the US banking giant has taken on crypto clients. The exchanges were approved in April as customers under the bank’s corporate and investment division, and are now starting to process transactions through the bank, per the […]

Business Banking, Channels, Products

Mastercard pushes ahead with B2B payments modernisation porgramme

May 12, 2020

Via: Finextra

Today, Mastercard is making that vision a reality by announcing the commercial launch of Mastercard TrackTM Business Payment Service. It offers greater control over payments and richer data exchanges that enable automated reconciliation for Suppliers and application of all payment […]

Business Banking, Products

Deutsche Bank signs 2028 contract extension for Avaloq tech

April 28, 2020

Via: Banking Technology

The contract covers Deutsche Bank’s wealth management businesses in six countries – Switzerland, Luxembourg, the UK, Saudi Arabia, Singapore and Hong Kong – and is one of Avaloq’s largest business process outsourcing (BPO) projects. “Wealth Management is a key growth […]

Business Banking, Channels, Products

Deutsche Bank joins forces with wealth management software firm Qplix

March 9, 2020

Via: Finextra

Under the deal, Deutsche Bank’s wealth management business will provide family offices and asset manager users of its Deutsche Private Port digital investment office with access to Qplix’s platform. Starting in Germany, the Qplix software will serve as the basis […]

Business Banking, Products, Retail Banking

Visa partners with Clinc to offer clients conversational AI

March 5, 2020

Via: Banking Technology

The firm will serve the banks, credit unions and financial institutions which use Visa’s application programme interfaces (APIs) with voice-powered capabilities such as fund transfers, bill payments and opening a new credit card. The Michigan-based firm, which launched its first […]

Business Banking, Products

BofA integrates digital SMB tool with third-party platforms 

February 14, 2020

Via: Bank Innovation

Bank of America is enhancing the capabilities of its digital cash management tool for small businesses, Business Advantage 360, by integrating with third-party platforms, including QuickBooks, Run Powered by ADP, G Suite by Google Cloud and Google Analytics. “Businesses go […]

Business Banking, Products

Deutsche Bank renews partnership with SimCorp to deliver fund services across Asia Pacific

February 7, 2020

Via: Finextra

Deutsche Bank’s renewal agreement will cover 12 markets and will support its growth in the region which converges with the Asian asset management industry’s ‘hyper growth’, set to reach USD 112 billion by 2025*. Through this partnership, Deutsche Bank benefits […]

Business Banking, Capital and Risk, Credit, Products

Goldman Sachs to offer SME loans on Amazon’s lending platform

February 4, 2020

Via: Banking Technology

Sources also say the talks and eventual deal close will likely involve attaching Goldman’s brand to Amazon’s lending product in some way. The global marketplace has lent to its small business merchants for the last eight years through ‘Amazon Lending’, […]

Business Banking, Capital and Risk, Macroeconomic, Products

Visa and Mastercard earnings: In with the new as card companies embrace emerging trends

January 28, 2020

Via: Market Watch

The card networks’ ever-evolving business models will be on full display this week. Both Visa Inc. V, +0.56% and Mastercard Inc. MA, +1.24% have been chasing new revenue opportunities aggressively in recent months, striking deals and partnerships with younger players […]