Just yesterday (7 November) was a payments round-up, but here’s more action from the lively paytech place. Features Apple, Coinsilium Group, UMT United Mobility Technology, Visa and even the Olympic Winter Games. Apple, which is rarely out of the news, has set up Apple Pay Cash for person-to-person (P2P) payments in Messages. This feature is […]
Cyber risks have evolved significantly over the last couple of years across industry sectors. The financial services industry, in particular, has become the target of choice with malicious actors exploring every avenue they can in order to identify areas of vulnerability.
MRI Software, a real estate software solutions provider, has formed a partnership with KeyBank to provide clients access to its AvidXchange powered payment automation solution, KeyTotal Pay.
Clearing houses and central clearing counterparties (CCPs) play a pivotal role in managing collateral and counterparty risk, in increasing standardisation and transparency of financial markets, and in the credit enhancement process for clearing banks. For such systemically critical functions, how appropriate are innovative new technologies such as distributed ledger technology (DLT)?
Enterprise software firm R3 and 22 of its member banks have developed a solution that leverages distributed ledger technology (DLT) to enable “fast, efficient and cost-effective” cross-border payments.
Google wants to become an enterprise cloud provider, so why not team up with the company that rules enterprise-networking market share?
ING Ventures, a new investment fund set up by ING, has €300 million to pump into fintech companies.
More of the latest stories from the fintech funding world. Features Verrency, Countingup, Finn.ai and Bud.
Swedish fintech company Tink has signed with Nordic banks Nordea, Klarna and Nordnet. Integrating in 2018, the banks will use Tink’s payment technology and personal finance management (PFM) platform within their existing customer channels.
Sherpa Foundry and Silicon Valley Bank (SVB) have joined forces to launch Silicon Foundry, a membership-based corporate innovation platform.
Artificial intelligence (AI) fintech start-up Clinc is making its chatbot Finie more widely available through a new partnership with Enacomm.
Behavioural biometrics and threat detection firm BioCatch is working with Samsung SDS America to combat fraud that occurs after a user has logged in.
Ledger, a France-based specialist in security solutions for cryptocurrency and blockchain applications, has partnered with Intel to bring greater protection for users of digital wallets.
Analytics platform MapD has partnered with IBM Power Systems to enhance its analytical performance. California-based MapD has optimised its MapD Core database and MapD Immersive visual analytics client to take advantage of IBM Power Systems to target the speed at which SQL queries can be performed.
One way to make a smart contract even smarter is to enhance document access and security. Digital currency exchange platform AlphaPoint has achieved that with today’s partnership with Intel.
Amid the hype around distributed ledger technology and blockchain it can seem they are technologies looking for solutions. In the heavily paper-based business of trade finance, such technology looks promising and progress is being made elsewhere.
Read our fourth and final Daily News at Sibos edition of the Sibos 2017 conference in Toronto – all the latest news and analysis from Swift’s premier event of the year. Free to read online or pick up a complimentary print copy if you are at Sibos!
Sberbank has become the first Russian bank to join the Enterprise Ethereum Alliance (EEA). The non-commercial alliance was established in February 2017 to transform Ethereum into an enterprise-grade technology.
SmartContract, which enables computable smart contracts, has unveiled a new a proof of concept (PoC) for making/using smart contracts with Swift.
What’s more valuable today, data or money? Today’s “The Future of Money” discussion at Sibos had “the new oil” – data – firmly in its sights.
Sberbank and Swift have signed a memorandum of co-operation regarding the development and piloting of products created and promoted by Swift. With fintech hugs sweeping Sibos and the planet, the parties agreed to co-ordinate steps to assess the potential application of blockchain in interbank settlement platforms. In particular, Sberbank joined the international group of financial […]
JP Morgan, and Royal Bank of Canada (RBC) and Australia and New Zealand Banking Group (ANZ), have launched the Interbank Information Network (IIN) – using blockchain for the payments process. According to JP Morgan, processing global payments is very complex. Multiple layers of communication occur amongst payment participants to verify and process transactions. By using […]
Ensuring security on Swift’s network doesn’t have to be rocket science. Getting the basics right will help individual institutions and Swift’s community.
With new banking reform on the horizon, Amit Dua, president of Suntec Business Solutions, assesses why customers will improve their financial and life circumstances if heritage banks and young fintech firms find a way to combine their strengths.
The Liquidity Alliance group of central securities depositories (CSDs) has called for further participants in their distributed ledger technology (DLT)-based LA Ledger prototype for cross-border mobilisation of security collateral.
Pelican, a provider of artificial intelligence (AI) powered payments and financial crime compliance solutions for banks and corporates, has launched its Pelican Innovation Hub. The hub is not one in the traditional sense – i.e. a place for start-ups to turn up wearing jeans and get all creative. Pelican’s version is a partnership model as […]
IBM and eight banks have unveiled we.trade – the new name for their Digital Trade Chain shared platform using distributed ledger technology (DLT) for domestic and cross-border commerce. Since January 2017, a group of seven banks (Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and UniCredit), together with IBM, have been developing the Digital Trade […]
In today’s (17 October) session at Sibos, API in financial services: the key to the future?, the discussion panel participants were in agreement on the following: if your want your API strategy to work, you’ve got to have a holistic approach to it across the organisation.
Broadridge Financial Solutions, Natixis and Société Générale say they have “successfully completed” a pilot project that leverages blockchain technology for bilateral repurchase, or repo, agreements.
The Bill & Melinda Gates Foundation has launched a new service created with in partnership with Dwolla, along with collaboration with Ripple, Crosslake Technologies, ModusBox, and Software Group.
BNP Paribas ALM Treasury and EY have completed a pilot demonstrating the use of blockchain to improve global internal treasury operations for the bank. The ALM Treasury department, which manages the bank’s internal ops, at the service of all three operating divisions of the group, carried out the pilot, tested internally this summer. According to […]
The question of whether – and in what form – banks will survive in the future depends largely on how the forces of changing customer behaviour, technology and regulation will play out on different types of banks.
Discussing the strategies banks can adopt to choose the right innovation partners.
FIS and Citi Treasury and Trade Solutions are working together to enable real-time payments and cash management for their corporate treasury customers. Using the CitiConnect application programming interfaces (APIs), FIS has connected its Trax corporate payments factory to the suite of Citi Treasury and Trade Solutions – enabling integration with Citi’s core treasury management functionality, […]
Welcome to Sibos 2017 in Toronto – bringing together 8,000+ delegates from 150 countries. And this year we have a new (or the vintage new?) theme: data. Not the “big data” though (that everyone was talking about a few Sibos conferences ago), but just data.
IBM has teamed with Toronto-based firm Dream Payments – bringing its cloud and security capabilities to help the firm offer mobile point of sale solutions and business-to-business (B2B) payments.
IBM, KlickEx Group, a regional financial services company, and Stellar, a non-profit organisation that supports an open source blockchain network, have unveiled a new regional cross-border payments solution using IBM’s blockchain technology to provide clearing and settlement of trades on a single network in real time.
Data aggregation and insights company Finicity has integrated with risk mitigation firm DataVerify to offer mortgage lenders real-time borrower asset verification.
Microsoft and Amazon Web Services (AWS) have teamed up to launch an open-source, deep learning library called Gluon which will make machine learning (ML) more accessible to a wider range of developers, reports Telecoms.com (Banking Technology’s sister publication). That will be the key to winning the machine learning race. Not making the most complex and […]
It turns out, banks can gain a lot from business tools. That’s probably why business solutions company Vasco and financial services software company Finastra teamed up.
