https://www.finextra.com/ The Latest Financial IT Wholesale banking Headlines Copyright 2023 Finextra Research Ltd en-GB contact@finextra.com (Finextra Contact) https://www.finextra.com https://www.finextra.com/finextra-images/site/finextra.png https://www.finextra.com/newsarticle/42858/bofa-launches-global-digital-disbursements-in-canada-via-e-transfer?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42858/bofa-launches-global-digital-disbursements-in-canada-via-e-transfer?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 29 Aug 2023 15:53:00 GMT Bank of America is bringing its Global Digital Disbursements technology to Canada via the country's popular Interac e-Transfer system. https://www.finextra.com/newsarticle/42856/pandadoc-buys-payments-firm-denario?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42856/pandadoc-buys-payments-firm-denario?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 29 Aug 2023 13:02:00 GMT American document workflow software firm PandaDoc has acquired German business payment network Denario. Terms were not disclosed. https://www.finextra.com/newsarticle/42854/bmo-launches-mobile-wallet-for-virtual-cards?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42854/bmo-launches-mobile-wallet-for-virtual-cards?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 29 Aug 2023 00:01:00 GMT BMO Commercial Bank has joined forces with Mastercard and Extend to give clients the power to create and push virtual cards to their employees' mobile wallets. https://www.finextra.com/newsarticle/42852/anthony-thomson-launches-acceleration-partner-for-fintech-startups?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42852/anthony-thomson-launches-acceleration-partner-for-fintech-startups?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 28 Aug 2023 16:05:00 GMT Having co-founded a gaggle of challenger banks, serial entrepreneur Anthony Thomson is launching an "acceleration partner" to help scale fintech startups. https://www.finextra.com/newsarticle/42842/citi-invests-in-peruvian-fx-fintech-rextie?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42842/citi-invests-in-peruvian-fx-fintech-rextie?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 25 Aug 2023 00:01:00 GMT US banking giant Citi has made a strategic investment in Peruvian foreign exchange fintech Rextie. https://www.finextra.com/newsarticle/42834/north-korean-hackers-preparing-to-cash-out-40-million-in-stolen-bitcoin?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42834/north-korean-hackers-preparing-to-cash-out-40-million-in-stolen-bitcoin?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 23 Aug 2023 12:00:00 GMT North Korean cybercriminals are expected to dump $40 million in stolen bitcoin on the market over the coming days. https://www.finextra.com/newsarticle/42826/financial-management-platform-for-multi-entity-businesses-raises-5m?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42826/financial-management-platform-for-multi-entity-businesses-raises-5m?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 23 Aug 2023 10:00:00 GMT Translucent, a London-based accounting and financial management platform for multi-entity businesses, has raised £5 million in a seed round co-led by Chalfen Ventures and LocalGlobe. https://www.finextra.com/newsarticle/42829/australian-central-bank-cbdc-research-highlights-long-path-to-any-future-deployment?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42829/australian-central-bank-cbdc-research-highlights-long-path-to-any-future-deployment?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 23 Aug 2023 09:57:00 GMT A year-long research project by the Reserve Bank of Australia has uncovered a number of legal, regulatory, technical and operational issues that could stymie the introduction of a central bank digital currency (CBDC) https://www.finextra.com/newsarticle/42828/lightyear-launches-business-investment-account?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42828/lightyear-launches-business-investment-account?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 23 Aug 2023 09:29:00 GMT Retail investment platform Lightyear is moving into the small business market, launching UK business accounts and opening access to money market funds for freelancers and sole directors in the UK via a partnership with BlackRock. https://www.finextra.com/newsarticle/42827/ramp-raises-300m-at-58bn-valuation?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42827/ramp-raises-300m-at-58bn-valuation?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 22 Aug 2023 18:43:00 GMT Finance automation and corporate credit card startup Ramp has raised $300 million in finding at a $5.8 billion valuation, down from $8.1 billion at its last raise in 2022. https://www.finextra.com/newsarticle/42815/irish-fintech-funding-slows-down?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42815/irish-fintech-funding-slows-down?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 21 Aug 2023 09:36:00 GMT Funding levels in Ireland's fintech sector have fallen again in the last 12 months due to economic and geopolitical challenges. https://www.finextra.com/newsarticle/42811/canadian-fintech-investment-plummets?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42811/canadian-fintech-investment-plummets?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 18 Aug 2023 00:01:00 GMT Investment in Canadian fintech companies dropped three-fold in the first half of 2023 as valuations continued to slide to levels not seen since the beginning of the Covid-19 pandemic, driven primarily by macroeconomic concerns, according to KPMG. https://www.finextra.com/pressarticle/97865/clear-junction-gets-iso-27001-certified?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97865/clear-junction-gets-iso-27001-certified?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 29 Aug 2023 16:24:00 GMT Clear Junction, the global cross-border payments solution leader, has today announced it has been granted ISO 27001 certification, the highest global standard that corporates can achieve for information security. https://www.finextra.com/pressarticle/97862/barclays-appoints-two-former-goldman-execs-to-internet-and-technology-investment-banking-team?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97862/barclays-appoints-two-former-goldman-execs-to-internet-and-technology-investment-banking-team?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 29 Aug 2023 14:59:00 GMT Barclays today announces the appointments of Emma Taylor as Global Head of Internet Coverage and Carmen Chan as a Managing Director of Internet Coverage within the Technology Investment Banking business. https://www.finextra.com/pressarticle/97859/alexander-zwart-to-join-rabobank-managing-board-as-chief-innovation-and-technology-officer?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97859/alexander-zwart-to-join-rabobank-managing-board-as-chief-innovation-and-technology-officer?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 29 Aug 2023 12:04:00 GMT As of 1 December, Alexander Zwart will start as Chief Innovation and Technology Officer (CITO) at Rabobank. https://www.finextra.com/pressarticle/97856/ssimple-completes-investment-round-and-appoints-matthew-cook-as-chairman?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97856/ssimple-completes-investment-round-and-appoints-matthew-cook-as-chairman?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 29 Aug 2023 10:27:00 GMT SSImple, a SaaS DLT platform that aims to fundamentally change the way standing settlement instructions (SSIs) are stored, shared, and enriched across the financial services industry, today revealed that it has successfully concluded an angel funding round, thereby bolstering SSImple’s potential as it actively drives forward its business expansion efforts. https://www.finextra.com/pressarticle/97855/banking-circle-expands-into-australia?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97855/banking-circle-expands-into-australia?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 29 Aug 2023 10:24:00 GMT BC Payments, the licensed subsidiary of EQT- backed innovative tech-led payments business, Banking Circle Group, has launched in Australia. https://www.finextra.com/pressarticle/97848/walbing-receives-payment-service-licence-from-bafin?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97848/walbing-receives-payment-service-licence-from-bafin?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 29 Aug 2023 09:13:00 GMT The B2B FinTech company, WALBING, has obtained a Payment Service License from the German Federal Financial Supervisory Authority. https://www.finextra.com/pressarticle/97845/maybank-and-broadridge-team-on-securities-borrowing-tech?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97845/maybank-and-broadridge-team-on-securities-borrowing-tech?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 28 Aug 2023 15:40:00 GMT Maybank Investment Bank Berhad (“Maybank IB”) has partnered with Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, to grow its securities borrowing and lending (“SBL”) business. https://www.finextra.com/pressarticle/97840/vietnam-joins-regional-payment-connectivity-initiative?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97840/vietnam-joins-regional-payment-connectivity-initiative?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 25 Aug 2023 13:08:00 GMT State Bank of Vietnam (SBV), the central bank of Viet Nam, has officially joined the Regional Payment Connectivity (RPC) initiative. https://www.finextra.com/pressarticle/97835/tenity-invests-in-11-early-stage-fintechs?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97835/tenity-invests-in-11-early-stage-fintechs?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 24 Aug 2023 14:37:00 GMT The upcoming edition of the Tenity Incubation Program in Switzerland welcomes a cohort of 11 highly innovative early-stage startups selected from a pool of more than 220 applications. https://www.finextra.com/pressarticle/97827/b2c2-acquires-woorton?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97827/b2c2-acquires-woorton?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 24 Aug 2023 08:57:00 GMT B2C2, the leading crypto liquidity provider servicing institutional clients globally, has successfully completed the acquisition of Woorton, the European leader in market making and over the counter transactions in the digital asset industry. https://www.finextra.com/pressarticle/97825/complyadvantage-joins-aws-accelerator-programme?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97825/complyadvantage-joins-aws-accelerator-programme?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 23 Aug 2023 14:08:00 GMT ComplyAdvantage, the leading financial crime intelligence company, has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS partners that provides software solutions that run on or integrate with AWS. https://www.finextra.com/pressarticle/97824/svb-appoints-head-of-global-payments-and-head-of-global-digital-solutions?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97824/svb-appoints-head-of-global-payments-and-head-of-global-digital-solutions?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 23 Aug 2023 12:26:00 GMT Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced Martin Murrell has been named Head of Global Payments and Milton Santiago was named Head of Global Digital Solutions. https://www.finextra.com/videoarticle/2974/the-emperors-new-climate-scenarios?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2974/the-emperors-new-climate-scenarios?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 01 Aug 2023 11:30:00 GMT Sandy Trust, Head of Organisational Risk, M&G, and former Chair of the Sustainability Board at the Institute and Faculty of Actuaries, discusses with Richard Peers from Responsible Risk, how commonly used climate-change scenarios are hindering financial services and proposes alternative approaches. https://www.finextra.com/videoarticle/2975/digital-transformation-in-middle-eastern--african-banks?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2975/digital-transformation-in-middle-eastern--african-banks?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 27 Jul 2023 11:00:00 GMT Speaking at TCF 2023, Will Moroney, MD, Middle East & Africa, Temenos, discusses digital transformation in Middle Eastern and African Banks, including local cloud trends and the strategies being used to push forward digitalisation. https://www.finextra.com/videoarticle/2969/steps-for-engaging-and-growing-with-the-cloud?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2969/steps-for-engaging-and-growing-with-the-cloud?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 25 Jul 2023 11:00:00 GMT Speaking at TCF 2023, Stewart Davies, Global SaaS Commercial Director, Temenos, and Mandeep Sidhu, Global Account Manager GFS, AWS, discuss the theme of this year's event 'Engage and Grow in a Cloud World,' along with the importance of high availability and its benefit to banks. https://www.finextra.com/videoarticle/2970/finastra-keeping-up-with-instant-payments?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2970/finastra-keeping-up-with-instant-payments?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 18 Jul 2023 09:00:00 GMT In the third episode of this 4-part FinextraTV series, Barry Rodrigues, EVP Payments Business Unit at Finastra, explores key trends in the payments landscape and their impact on customers. Focusing on instant payments, he addresses what the disruption caused by new players in cross-border payments means for traditional Financial Institutions, how banks can adopt and support the introduction of new services and regulations by major markets, and strategies for helping FIs adapt to the evolving landscape. https://www.finextra.com/videoarticle/2966/collaboration-for-scalable-growth-in-cloud-banking?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2966/collaboration-for-scalable-growth-in-cloud-banking?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 11 Jul 2023 15:00:00 GMT Speaking at TCF 2023, Tony Coleman, Chief Technology Officer, Temenos, and Boris Bialek, Managing Director, Industry Solutions, MongoDB, discuss the potential collaboration has to help banks in engaging and growing through the cloud, and how scalability can be delivered through these partnerships. https://www.finextra.com/videoarticle/2965/lloyds--finastra-the-shifting-payments-market--the-power-of-collaboration?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2965/lloyds--finastra-the-shifting-payments-market--the-power-of-collaboration?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 11 Jul 2023 11:18:00 GMT In the second episode of this 4-part FinextraTV series, Stephen Everett, MD Cash Management & Payments, Lloyds and Roy Marsh, Global Payments Director at Finastra, discuss the significant changes happening in payment solutions as a result of Open Banking, Embedded Finance, shifting digital solutions and regulatory changes. We hear how ISO has been a major diversion for all banks in recent years, what will be the impact going forward, and the role of partner collaboration in enabling banks to maintain their competitive edge within these rapidly changing payments landscape. https://www.finextra.com/videoarticle/2963/exploring-the-impact-of-data-and-ai-in-digital-banking?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2963/exploring-the-impact-of-data-and-ai-in-digital-banking?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 10 Jul 2023 12:30:00 GMT Sophia Wikander, General Manager, Financial Services, Western Europe, Microsoft, speaks at EBAday 2023 about the impact of data and AI in digital banking on customers, strategies for banks to maintain competitiveness and improve customer satisfaction, and approaches for optimising key opportunities. https://www.finextra.com/videoarticle/2961/the-potential-introduction-of-the-digital-euro-what-do-banks-need-to-consider?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2961/the-potential-introduction-of-the-digital-euro-what-do-banks-need-to-consider?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 04 Jul 2023 12:21:00 GMT Daniel Szmukler, EBA Director / Innovation, Member Relations and Strategic Engagement, Euro Banking Association, speaks at EBAday 2023 about what the EBA Working Group has identified as key considerations and challenges for banks with the potential introduction of a digital euro. We look at their latest report on retail CBDCs and wholesale CBDCs, the next steps banks should be taking, and where the EBA’s research efforts will go next in the digital payments space. https://www.finextra.com/videoarticle/2958/hsbc--finastra-the-changing-cross-border-payments-landscape?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2958/hsbc--finastra-the-changing-cross-border-payments-landscape?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 03 Jul 2023 16:48:00 GMT In the first episode of this 4-part FinextraTV series, Mark Evans, Global head of Cross Border and Cross Currency Payments, HSBC & Roy Marsh, Global Payments Director at Finastra, discuss the main drivers of change in the area of Cross-Border payments, what's driving the need and demand for faster cross-border payments, and what efforts are underway now to enable them. We learn about the barriers and frictions to cross-border payments up to this point, what the response should be to improve efficiency & transparency, and how partner collaboration can help to compete in this rapidly changing market. https://www.finextra.com/videoarticle/2950/the-last-chapter-of-the-payments-saga-decision-time-for-financial-institution?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2950/the-last-chapter-of-the-payments-saga-decision-time-for-financial-institution?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 30 Jun 2023 10:22:00 GMT Emanuela Saccarola, Global Co-Head of Cross-border Payments & Receivables, Treasury and Trade Solutions, Citi, speaks at EBAday 2023 about what financial institutions are currently experiencing in the payments space, insights from FI clients on the shifting needs of customers, how to achieve digital transformation, and the ways in which API can be a critical enabler. https://www.finextra.com/videoarticle/2944/driving-change-in-cross-border-payments?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2944/driving-change-in-cross-border-payments?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 29 Jun 2023 11:18:00 GMT Marc Recker, Global Head of Product, Institutional Cash Management, Deutsche Bank, speaks at EBAday 2023 about what's driving the change in Cross Border payments, responses needed to overcome barriers and how collaborations can help compete in a rapidly changing market. https://www.finextra.com/videoarticle/2933/preparing-for-european-instant-payments-connectivity?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2933/preparing-for-european-instant-payments-connectivity?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 23 Jun 2023 14:54:00 GMT Daragh Kirby, Head of Sales & Marketing, Intercope, speaks at EBAday 2023 about European Instant payments connectivity, going into how a cloud-based payments-as-a-service CSM gateway works, the challenges banks are facing and moving clearing to the cloud. https://www.finextra.com/videoarticle/2931/unlocking-opportunities-with-rising-interest-rates-and-key-investment-considerations-for-banks?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2931/unlocking-opportunities-with-rising-interest-rates-and-key-investment-considerations-for-banks?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 22 Jun 2023 14:18:00 GMT Sulabh Agarwal, Global Payments Lead, Accenture, speaks at EBAday 2023 about the consumer payments landscape. Exploring the opportunities rising interest rates bring for payment players, we look at where banks are investing their resources and what should be taken into consideration when allocating investments. https://www.finextra.com/featurearticle/2764/digital-transformation-in-2024-why-fix-the-legacy-spaghetti-now?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/featurearticle/2764/digital-transformation-in-2024-why-fix-the-legacy-spaghetti-now?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 11 Aug 2023 09:43:00 GMT Watch this webinar on how banks can resolve the issue of working with multitudes of legacy infrastructure and multiple platforms. https://www.finextra.com/featurearticle/2763/network-analytics-how-to-uncover-financial-crime-risk?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/featurearticle/2763/network-analytics-how-to-uncover-financial-crime-risk?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 04 Aug 2023 09:21:00 GMT Watch this webinar on the importance of network analytics with financial crime and compliance organisations, and best practices for deploying this technology. https://www.finextra.com/featurearticle/2754/sct-inst-creating-innovation-through-compliance?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/featurearticle/2754/sct-inst-creating-innovation-through-compliance?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 20 Jul 2023 15:19:00 GMT Watch this webinar on the challenges that financial institutions will have to contend with when complying with the European Payments Council’s mandate on SEPA Instant Credit Transfer (SCT Inst). https://www.finextra.com/featurearticle/2724/payments-modernisation-priorities-for-2023?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/featurearticle/2724/payments-modernisation-priorities-for-2023?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 03 May 2023 17:15:00 GMT Watch this webinar on the findings from the Finextra and Volante survey and the need for partnerships, cloud-facilitated A2A payment applications and payments-as-a-service. https://www.finextra.com/featurearticle/2714/iso-20022-evolution-how-to-ensure-interoperability?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/featurearticle/2714/iso-20022-evolution-how-to-ensure-interoperability?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 05 Apr 2023 22:44:00 GMT Watch this webinar, in association with FIS Global, exploring how the standardisation of ISO 20022 is evolving and how payment systems and financial institutions are keeping up with the transformation. https://www.finextra.com/banners/banner.aspx?opt=ad&baid=7253 https://www.finextra.com/banners/banner.aspx?opt=ad&baid=7253 Tue, 01 Aug 2023 00:00:00 GMT [Upcoming Webinar] SCT Inst: Creating Innovation through Compliance