Articles with tag: commerzbank

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Major Eurozone banks start the implementation phase of the European Payments Initiative

02 Jul 2020 | Online Payments

Today, a group of 16 major European banks from five countries (Belgium, France, Germany, the Netherlands and Spain) have paved the way for the future launch of the European Payments Initiative (EPI). 

European Payments Initiative, EPI, payments, banks, digital payments, BBVA, BNP Paribas, Groupe BPCE, CaixaBank, Commerzbank, Crédit Agricole, Crédit Mutuel, Deutsche Bank, Deutcher Sparkassen- und Giroverband, DZ BANK Group, ING, KBC Group, La Banque Postale, Banco Santander, Société Générale, UniCredit

The Financial Conduct Authority fines Commerzbank for money-laundering failings

19 Jun 2020 | Payments General

The UK’s financial regulator has fined Commerzbank EUR 42 million for money-laundering failures, including an ‘out-of-control’ system for checking clients.

Commerzbank, money-laundering, UK, financial regulator, Financial Conduct Authority, FCA, Germany, transactions

Commerzbank to raise up to 3 billion euros of capital

28 May 2020 | E-invoicing, SCF & E-procurement

Germany-based Commerzbank has announced it will raise up to 3 billion euros of capital.

Commerzbank, Germany, AT1, risk debts, banks, UK, Lloyds

Commerzbank retains stake in mBank

13 May 2020 | Payments General

Germany-based Commerzbank has decided to retain a majority stake in its Poland-based subsidiary mBank, and terminate the sales process.

Commerzbank, Poland, banking, mBank, Germany, banks, Deutsche Bank

EIB Group and Commerzbank join forces for additional lending to SMEs and Mid-Caps

19 Feb 2020 | E-invoicing, SCF & E-procurement

The EIB Group has provided a mezzanine tranche guarantee of around EUR 100 million to Commerzbank on a EUR 1.500 million granular portfolio of loans to SMEs and Mid-Caps originated by Commerzbank in its ordinary business. 

EIB Group, Commerzbank, lending, SMEs, Mid-Caps

New UK office opened by IDnow

22 Nov 2019 | Digital Identity, Security & Online Fraud

IDnow has revealed it is opening a subsidiary in London and expanding its distribution, service, and marketing team for UK.

IDnow, London, UK, subsidiary, expansion, marketing, identity verification, N26, Commerzbank, UBS

Association of German Banks demands a digital Euro

04 Nov 2019 | Cryptocurrencies

The Association of German Banks has published its position on digital currency, saying a ‘crypto-based digital Euro’ should be launched.

Commerzbank, Deutsche Bank, FinLeap, UniCredit Bank, cryptocurrency, stable coin, digital euro, central bank digital currency

Alfa-Bank, Commerzbank pilot Marco Polo blockchain trade finance network

14 Oct 2019 | E-invoicing, SCF & E-procurement

Russia-based Alfa-Bank and Germany-based Commerzbank have executed a cross-border payments pilot on the Marco Polo blockchain network.

Alfa-Bank, Commerzbank, Marco Polo, Marco Polo trade finance network, trade finance, blockchain, cross-border payments, Oracle Netsuite, R3, Corda blockchain, Russia, Germany, Europe

Bank of America joins the Marco Polo Network

19 Sep 2019 | E-invoicing, SCF & E-procurement

Bank of America has announced that it is joining the Marco Polo Network to tackle trade finance challenges.

Bank of America, Marco Polo Network, trade finance, digital banking, US, Asia Pacific, EMEA, Latin America and North America, BNP Paribas, Commerzbank, ING, LBBW, Anglo-Gulf Trade Bank, Standard Chartered Bank, Natixis, Bangkok Bank, SMBC, Danske Bank

South African Standard Bank joins trade finance blockchain Marco Polo

23 Aug 2019 | E-invoicing, SCF & E-procurement

Blockchain trade finance network Marco Polo has announced that the South Africa-based Standard Bank Group will be a new member.

South Africa, Standard Bank, Marco Polo, trade finance, blockchain, DLT, trade finance network, Microsoft Dynamics 365, Xero, Oracle Netsuite, R3, Corda, Alfa Bank, Anglo Gulf Trade Bank, Bangkok Bank, Bayern LB, BNP Paribas, Bradesco, Commerzbank

Commerzbank carries out new blockchain trade with logistics provider Logwin

16 Aug 2019 | E-invoicing, SCF & E-procurement

Germany-provider Commerzbank and Landesbank Baden-Württemberg (LBBW) have completed a new trade transaction on the Marco Polo platform.

Commerzbank, Logwin, Landesbank Baden-Württemberg, trade finance, trade transaction, Marco Polo, Germany, LBBW, Marco Polo platform, blockchain, distributed ledger technology,

Commerzbank, Daimler pilot blockchain digital cash for in-car payments

09 Aug 2019 | Payments General

Commerzbank and Daimler Trucks have run a pilot to use the Daimler Truck Wallet to make payments with e-euros from Commerzbank.

Commerzbank, Daimler, blockchain, digital cash, in-car payments, Daimler Truck Wallet

Bangkok Bank, Commerzbank run trade transaction on Marco Polo network

30 May 2019 | E-invoicing, SCF & E-procurement

Marco Polo members Bangkok Bank and Commerzbank have jointly executed an international trade transaction using distributed ledger technology (DLT).

Bangkok Bank, Commerzbank, trade finance, Marco Polo, DLT, blockchain trade finance, blockchain, distributed ledger technology, R3, Corda

Commerzbank, GTC to automate digital trade finance

20 May 2019 | E-invoicing, SCF & E-procurement

Commerzbank has signed a strategic partnership with GlobalTrade Corporation, to use GTC’s platform to strengthen its digital trade finance product range.

Commerzbank, GTC, GlobalTrade Corporation, trade finance, trade finance business, digital finance, multi-bank technology, Cash Group, trade finance network

Raisin partners with Commerzbank for special fixed-term deposits

16 Apr 2019 | Payments General

Raisin’s German savings platform WeltSparen has begun collaborating with Commerzbank to offer their German corporate clients special conditions on fixed-term deposits.

Raisin, Commerzbank, corporate clients, banking, credit institutions

Commerzbank, LBBW pilot trade finance on Marco Polo blockchain

28 Mar 2019 | Payments General

German banks LBBW and Commerzbank have announced the completion of their first pilots on the Marco Polo trade finance blockchain network.

Commerzbank, LBBW, trade finance, Marco Polo, blockchain, payments, financing

Marco Polo lowers barriers to entry for blockchain trade finance

28 Mar 2019 | E-invoicing, SCF & E-procurement

Blockchain trade finance network Marco Polo has lowered its upfront financial commitment, thus signing up 17 banks, with 14 made public so far.

Marco Polo, trade finance, trade finance consortium, blockchain trade finance, financial commitment, entry fees, Commerzbank, TradeIX, blockchain, DLT, Germany, Europe

Deutsche Bank confirms merger talks with Commerzbank

18 Mar 2019 | Payments General

Germany-based Deutsche Bank has announced agreeing to begin government-backed merger talks with Commerzbank after turnaround efforts failed.

Deutsche Bank, Commerzbank, bank merger, mergers and acquisition, merger, Germany, Europe, Finance Ministry

Commerzbank, Deutsche Boerse complete blockchain PoC for legally binding repo transaction

07 Mar 2019 | Cryptocurrencies

Commerzbank and securities marketplace Deutsche Boerse have completed a proof-of-concept (PoC) for a legally binding repo transaction using distributed ledger technology (DLT).

Commerzbank, Deutsche Boerse, blockchain, PoC, binding repo transaction, DLT, tokens, investors, securities, Germany

Commerzbank completes securities transaction test on blockchain

25 Feb 2019 | Payments General

Commerzbank has completed a money market security test transaction in a blockchain pilot with Continental and Siemens.

Commerzbank, securities transaction, blockchain, Continental, Siemens, payments