UnderPinned and Banked speed up contractor payments
by Ben Poole
The pair claim they can slash the time finance departments spend paying contractor invoices by 86%.
News
Monzo introduces business accounts
by Ben Poole
The Pro and Lite versions are designed for limited companies and sole traders.
Integral partners with Western Union to provide FX technology solutions
by Ben Poole
The cloud-based BankFX platform offers control over more than 10,000 currency pairs.
SWIFT ISO 20022 adoption for cross-border payments pushed back
by Ben Poole
The original lead migration deadline of November 2021 has been delayed until the end of 2022.
HSBC UK’s voice biometrics prevented £400m of attempted fraud
by Ben Poole
The bank says VoiceID registered twice as many attempted fraud hits in 2019.
SAP and Goldman Sachs target global payments innovation on Ariba Network
by Ben Poole
The pair aim to make it simpler and less costly for buyers to pay foreign suppliers in local currencies.
ABN AMRO targets €2.5bn green bond holdings
by Ben Poole
The bank aims to hit this target in its liquidity portfolio by 2022.
Barclays research highlights lack of banking industry alignment on key issues.
by Ben Poole
More than two-thirds of businesses identify collaborating and partnering with fintechs as the preferred approach for traditional banks
Santander acquires majority stake in Mercury TFS
by Ben Poole
The company digitises and automates the end-to-end management of trade finance transactions.
Rewarding business for ESG practices
by Ben Poole
CBA is providing Wesfarmers with financing to achieve its broader sustainability goals.
ING joins funding round for natural language processing firm
by Ben Poole
The partnership allows the bank and Eigen Technologies to work together when implementing use cases through data and process analysis.
DXC Technology and Tradeshift collaborate on accounts payable and procurement processes
by Ben Poole
The two firms aim to deliver touchless procure-to-pay automation and insights.
Accuity acquires Apply Financial
by Ben Poole
The firm will provide real-time STP and account validation payment solutions.
Crédit Agricole CIB joins Marco Polo Network
by Ben Poole
Following an evaluation period in 2019, the bank is entering a pilot phase on the Marco Polo Network.
Standard Chartered joins TradeLens
by Ben Poole
The blockchain-enabled digital shipping platform has been jointly developed by A.P. Moller - Maersk and IBM.
Coastal Ridge selects TreasuryXpress
by Ben Poole
The real estate firm is implementing the system for cash and transaction visibility.
Bectran launches cash application solution
by Ben Poole
The B2B credit management cloud solution targets accurate matching of customer payments to reduce collections and AR management costs.
ESG ups the MMF burden of proof
by Ben Poole
Fitch Ratings estimates that global AUM in ESG-focused MMFs grew by 30% in 2019 to €70bn, compared with 15% growth in traditional MMFs.
SWIFT working on digitised trade instruments
by Ben Poole
The global financial messaging provider is working with trade banks to digitise documentary trade finance.
Jack Henry & Associates streamlines AR financing
by Ben Poole
SilverLake System integration with BusinessManager lets banks to provide businesses with more transparency, faster access to funds.
COVID-19 impacts on European banks
by Ben Poole
A report from Scope Ratings says that pre-existing financial health matters as European banks await the economic impact from the virus.
Lloyds Banking Group announces collaboration with Google Cloud
by Ben Poole
The partnership is part of the bank's digital transformation programme.
Sumitomo Electric Industries to access CLSSettlement as a third-party participant
by Ben Poole
It becomes the first Japanese manufacturing company to settle currency trades via CLSSettlement as a third-party.
KBC and iController tackle credit management
by Ben Poole
The bank will offer the software company's system to its corporate clients as part of its working capital tools.