New research by global transaction specialist FundTech says that financial institutions that focus their energies on improving customer experience elements of their treasury management systems are well positioned to capture the market.
Microsoft is the latest company to embrace cryptocurrencies, having added bitcoin as a payment method in its online store.
Several Russian banks, including some that fell under Western sanctions over the country’s annexation of Crimea, will test a new national payment system on December 15th.
HSBC, Deutsche Bank and BNP Paribas are leading the way when it comes to providing trade finance to large corporations in the West, according to new research by the market intelligence firm Greenwich Associates.
Challenger banks like Metro Bank and Virgin Money might be making high street lenders nervous, but the risk pales in comparison to the threat posed by PayPal.
A $1 billion real-time payments network that will be backed by the Reserve Bank of Australia has been delayed until 2017, after five major stakeholders pulled back from the scheme.
Multinational non-profit organisation the International Islamic Financial Market (IIFM) is developing template trade finance and corporate finance contracts to make it easier for financial institutions to process transactions without breaching sharia law.
Barclays and Coutts, the UK’s biggest private bank, are both working on video banking services to allow customers to speak to an adviser remotely using their mobile device.
In an attempt to broaden financial inclusion, the Reserve Bank of India (RBI) has published guidelines that will allow non-traditional entities like telecom providers, retail chains and corporate houses to set up their own banks.
The Bank of England has announced that Deloitte will lead the investigation into what went wrong with its Real-Time Gross Settlement (RTGS) system on 20th October, causing chaos as payments were blocked.
