COVID-19 rapidly reshaping banking and payments behaviours
New data from FIS shows 45% of Americans have changed the way they interact with their banks since the coronavirus outbreak.
electronic Bank Account Management
Background
Most medium to large companies use an average of six cash management banks, within this average about 30% use 6 or fewer, 40% use 7-20, and 30% use 21 or more. The number of bank accounts managed…
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Citi’s digital focus paying off in Asia
The bank has seen an accelerated adoption of digital services and channels in the region.
Industry roundup: 11 May
News in brief covering supply chain finance, digital payments, invoice payments and more.
The road to true digital bank
A report from Forbis Group explores what a truly digital bank looks like, and what that means for institutions and customers.
DIFC and Mashreq Bank launch instant bank account opening
The service is enabled by the region’s first KYC blockchain platform.
SurePay becomes an independent member of Rabobank Group
The firm, which launched the IBAN-Name Check solution in the Netherlands, is eyeing expansion to the UK.
Citi retains top spot in global digital banking benchmarking study
CitiDirect BE is #1 in Greenwich Associates study for the fourteenth consecutive year.
Digitizing treasury workflows with TIP
Bring all the different systems, data and connections together in one system AND provide full audit trail for each transaction, account
BBVA launches end-to-end digital onboarding for business customers
The bank says it is the first in Spain to create an online registration process for businesses to open and manage a business account.
Deutsche Bank updates its virtual account management platform
The bank is going to implement Tieto's product suite to enhance its virtual accounts offering.
RBC launch insights-as-a-service platform to help businesses drive growth
Insight Edge is designed to help Canadian businesses leverage insights to make smarter business decisions at the local level.
Brex launches cash management account with Radius Bank
The account is designed to help companies simplify financial operations, earn yield on their cash, and pay for expenses.
SWIFT and HSBC to define industry standard for Hong Kong APIs
The standard allows merchants to setup direct debit authorisation and initiate collection instructions to bank on behalf of customers.
Gresham and AccessPay partnership boosts Clareti Multi Bank services
The agreement will provide Gresham's customers with access to AccessPay's platform.
U.S. Bank acquires talech to expand digital capabilities
The move is to enable the bank to further support businesses in the digital marketplace.
Banks identify digital customer experience as a top technology priority
The research paper from Virtusa and Finextra reveals the attitude of banks towards a variety of new technologies.
Survey reveals UK fintech founders concerns for the industry
The research reveals the biggest challenges the sector is facing, and the steps government could take to support fintechs.
Citi APIs for treasury services reach new milestone
The bank says that it has processed over 150 million calls globally.
HSBC signs second licence agreement for Identitii platform
Overlay+ facilitates the secure sharing of data, including clearing, remittance and reporting information.
Apple Card launches for US customers
The tech giant says the card has no fees, provides a simplified view of spending, and has a new security architecture.
NatWest taps Google for voice banking pilot
The trial is running for three months with 500 of the bank's customers.
ForgeRock releases open banking and PSD2 accelerators
The management software identity and access software specialist is accompanying the launch with an on-demand webinar
Equals Group agrees ‘global relationship’ with Citigroup
The renamed payment services provider will team up with Citi Commercial Bank to enhance the product offering and heighten efficiencies
More Apac treasury teams involved in digital strategy
But many CFOs and corporate treasurers still see it as more the responsibility of their tech colleagues, a DBS Bank survey finds