Category: Uncategorized

November 18, 2019

According to the firms, the new system will address the challenge of having to tie-up excess funds across the clearing workflow by integrating settlement instructions for custodians and other funding sources into existing treasury platforms. The resulting end-to-end automation of […]

November 13, 2019

Google will offer checking accounts next year, according to a source familiar with the company’s plans, representing Big Tech’s boldest move yet into the consumer banking business. Most previous efforts have focused on credit cards and payment platforms. The accounts […]

November 6, 2019

The bank has spent the last year developing an e-wallet tailored for companies such as Airbnb, Lyft Inc. and Amazon.com Inc. that it says could help online marketplaces and companies in the gig economy defend against getting cut out of […]

October 9, 2019

Last year DNB and Danske Bank became co-owners of the fintech. Now this joint acquisition is seeing Oslo-based DNB seek the “favoured” spot for Norway’s mobile banking app champion. “With access to every bank in Norway, DNB can now digitally […]

October 8, 2019

Robinhood is giving banking another shot. Ten months after the failed launch of a checking and savings account, the free stock-trading start-up announced a cash management account with a 2.05% interest rate. The APY is more than twenty times higher […]

October 4, 2019

A move by major brokerages this week to scrap trading fees could be a direct hit to Robinhood, the start-up that kicked off the trend six years ago. Charles Schwab, TD Ameritrade and E-Trade all announced this week that they […]

September 30, 2019

Whether you plan to sell your bank or are in the market to acquire one, there are several sticking points that can delay the transaction. It can be helpful for both potential buyers and sellers to think about how such […]

September 24, 2019

The firm, which last month won approval from the US Securities and Exchange Commission to act as a transfer agent and keeper of records, provides a full-stack service for issuing and managing digital securities. Carlos Domingo, co-founder and CEO of […]

September 12, 2019

Mastercard Inc. is stepping up its efforts in commercial payments, announcing its new Mastercard Track Business Payment Service in conjunction with its investor day on Thursday. The new service could help Mastercard MA, -0.87% take a bigger piece of the […]

September 10, 2019

U.S. Bancorp USB recently completed the acquisition of Talech, a Palo Alto-based software company, thus taking another step toward digital banking, which has become essential in the technology-driven environment. Financial terms of the deal, however, remain undisclosed. Talech works to […]

August 14, 2019

The three will work with local partners in the US, Latin America, Europe, the Middle East and India on the Finance Forward coalition. Finance Forward will run nine regional accelerator programmes and bootcamps over the next two years, helping entrepreneurs […]

August 12, 2019

China’s central bank is nearly ready to issue its own sovereign digital currency, according to a senior official. Mu Changchun, deputy director of the People’s Bank of China’s payments department, said the institution’s virtual currency was “almost ready” for release, […]

July 30, 2019

Nigel Vaz, Global CEO of Publicis Sapient commented: “Anglo-Gulf Trade Bank understood the opportunity for a bank of the future to innovate its business model in parallel with building a digitally enabled, client-centric enterprise. As a new type of transformation […]

July 22, 2019

U.S. Bank, the fifth-largest bank in the United States, has entered into a co-brand agreement with BMW Financial Services NA, LLC to issue credit cards that will deliver enhanced digital experiences and greater value to BMW, MINI and BMW Motorrad […]

July 19, 2019

The news follows a 2018 strategic partnership and investment Visa made in Payworks, a Munich-based provider of next-generation payment gateway software for point of sale (POS). Visa will integrate its CyberSource digital payment management platform with Payworks’ cloud-based software for […]

July 17, 2019

Optal’s innovative Invapay solution will allow customers and their suppliers to benefit from transparent and streamlined payments. The service aims to strip away the traditional barriers associated with suppliers having to accept card payments. “This offers a great opportunity to […]

June 26, 2019

The partners claim this is a world first in terms of a real-time and batch multi-currency platform, which will offer immediate payments with lower costs, higher security and increased competitiveness. P27 Nordic Payments Platform is owned by Danske Bank, Handelsbanken, […]

June 14, 2019

JP Morgan’s Securities Services business is the first custodian to collaborate with AccessFintech on the solution which provides real-time transparency into trade lifecycle statuses, standardised commentary and shared bi-directional workflow for buy-side clients. This partnership aims to make reduce the […]

May 17, 2019

J.P. Morgan Chase is buying medical payments technology firm InstaMed to push more deeply into the $3.5 trillion market for U.S. health-care spending. The bank agreed on Friday to purchase the Philadelphia-based company of about 300 employees that processed $94 […]

May 16, 2019

ChartIQ says that its Finsemble system links applications together to allow the end user to work smarter with intelligent, customised workflows. This allows legacy software to coexist with third-party or new inhouse applications, solving a pain point for firms looking […]