Category: Business banking

Business banking, Products

Huawei battles for European banks’ trust

November 13, 2018

Via: Banking Technology

Huawei’s Enrique Marron Caballero, finance solution director, Western Europe (ex-Santander), admits that bank executives “won’t be fired if a traditional US provider fails [on a project]”. Huawei has typically started with “foundation platforms” such as storage and wifi for banks, […]

Business banking, Products

American Express launches new Business Gold Card with flexible repayment feature

November 8, 2018

Via: Market Watch

American Express AXP, +2.22% on Thursday announced a new card for small businesses that aims to provide them more flexibility over their spending. The Business Gold Card, which has an annual fee of $295, blends elements of both charge cards […]

Business banking, Products

Lloyds invests in cloud-based core banking startup Thought Machine

November 7, 2018

Via: Finextra

Set up by a gaggle of former Google engineers, Thought Machine has spent the last few years trying to solve one of the biggest problems in banking: how to replace the decades old legacy core systems which hamper the delivery […]

Business banking, Capital and risk, Liquidity, Products

Liquidnet adds emerging market bonds to fixed income platform

November 6, 2018

Via: Finextra

This latest addition comes amid growing institutional investor appetite for emerging markets bonds as they seek to diversify their portfolios and access growth opportunities in fixed income markets outside of North America and Europe. Liquidnet’s Member firms can now trade […]

Business banking, Products

Visa and Billtrust team to digitise US B2B payments with Business Payments Network

November 5, 2018

Via: Banking Technology

The new project builds on the “strategic relationship” by the two firms embarked on in 2017. It started with the integration of Billtrust’s Virtual Card Capture and Visa’s Straight Through Processing solution. “Billtrust’s BPN will further the multipronged strategy Visa […]

Business banking, Products

Red Hat and Open Bank Project team for nex-gen open banking offering

October 22, 2018

Via: Banking Technology

Open Banking leverages an ecosystem of third-party apps and services to enhance and enrich the customer experience and can help satisfy regulation such as the revised EU Payment Services Directive (PSD2). The Open Bank Project, led by Berlin-based software company […]

Business banking, Capital and risk, Credit, Products, Regulations, Retail banking

Wells Fargo CEO Sloan Must Go, Senator Warren Tells Fed Chairman

October 18, 2018

Via: TheStreet banks

After successfully pushing in 2016 for the departure of the CEO of beleaguered U.S. bank Wells Fargo & Co. (WFC – Get Report), Democratic Senator Elizabeth Warren of Massachusetts is now gunning for another. In a press release Thursday, Warren […]

Business banking, Products

How Financial Institutions Can Put Risk Management Back in the Driver’s Seat

October 15, 2018

Via: Strategy Business

In the years leading up to the global financial crisis a decade ago, risk was viewed at many financial institutions in a very different way than it is today. The financial system was like a highway on which different vehicles […]

Business banking, Products

Deutsche Bank upgrades Walmart to buy, citing growing online grocery business

October 9, 2018


Walmart’s online grocery business will thrive and compete well against Amazon, according to Deutsche Bank. The firm raised its rating to buy from hold for Walmart shares, predicting the retailer will report sales above expectations in its third quarter. “We […]

Business banking, Products

Goldman Sachs leads $25m funding in blockchain paytech Veem

September 28, 2018

Via: Banking Technology

The round included new investors Extol Capital, and a “multi-billion dollar international investment fund” along with participation from existing investors GV (formerly Google Ventures), Kleiner Perkins, Silicon Valley Bank, Trend Forward Capital, and Pantera Capital. This funding adds to the […]