Articles with tag: infrastructure

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UOB expands its Green Infrastructure Financing Framework

News | E-invoicing, SCF & E-procurement | 26 Nov 2020

Singapore-based UOB has announced the expansion of its Green Infrastructure Financing Framework to provide sustainable financing to companies in the infrastructure sector.

UOB, Green Infrastructure Financing Framework, SCF, Monetary Authority of Singapore, Loan Grant Scheme, sustainable financing, trade finance, banking

European Central Bank selects Sia and Colt to connect to Eurosystem market infrastructure

News | Online & Mobile Banking | 20 Nov 2020

The European Central Bank (ECB) has chosen SIA and Colt Technology Services for its connection to the Eurosystem market infrastructures through a single access interface.

European Central Bank, Sia, Colt Technology Services, Eurosystem Single Market Infrastructure Gateway, ESMIG, product launch, partnership, payments, banking, ECB

Prime Trust rolls out proprietary core banking software for fractional assets

News | Payments General | 16 Nov 2020

Prime Trust, a B2B financial infrastructure platform and custody and settlement of alternative assets, has launched PrimeCore.

B2B financial infrastructure, custody, settlement, fintech, Prime Trust, PrimeCore, product launch, asset management platform

Tymit, Modulr partner for real-time payments

News | Online & Mobile Banking | 10 Nov 2020

Mobile-enabled instalment credit card Tymit has partnered with fintech Modulr to bring real-time payments to Tymit cardholders, according to the official press release

Tymit, Modulr, real-time payments, fintech, partnership, credit card, instalment, payments infrastructure, revolving balance, Bank of England, API, Faster Payments

Italian banks together with SIA, R3, NTT Data join Spunta blockchain infrastructure for payments

News | Payments General | 14 Oct 2020

Spunta Banca DLT, an Italian initiative providing a blockchain infrastructure that supports the ABI Spunta application, has announced that it is fully operational.

Spunta, banking, Italy, punta Banca DLT, settlement, blockchain infrastructure, SIA, R3, NTT Data, payments reconciliation

Prime Trust features Stellar as supported cryptocurrencies

News | Cryptocurrencies | 09 Oct 2020

API-enabled B2B open banking financial solutions provider Prime Trust has added Stellar Lumens (XLM) to its list of supported cryptocurrencies.

Prime Trust, Stellar, cryptocurrency, Stellar Lumens, XLM, API, B2B, open banking, financial institution, financial infrastructure, fintech, blockchain, crowdfunding, financial services

Clearhaus partners with UK-based fintech GR8PAY

News | Online & Mobile Banking | 06 Oct 2020

Denmark-based financial institution Clearhaus has partnered with GR8PAY to provide online payments technology, as the fintech aims Europe expansion.

Clearhaus, UK, fintech, GR8PAY, online payments, financial institution, Europe, payment gateway, payment infrastructure, online businesses, web developers, Stripe, Paypal, Pay2Code, developer portal

SWIFT rolls out fresh payments strategy

News | Payments General | 30 Sep 2020

Global payments consortium SWIFT has announced a new plan and strategy for securities processing and cross-border payments infrastructure, according to CPI. 

SWIFT, payments strategy, payments, payments consortium, securities processing, cross-border payments, infrastructure, pandemic, digital transformation, real-time payments, API, open banking, incumbents, financial institutions, end-to-end transactions, reconciliation, reporting, asset servicing

The European Commission releases legislative package for crypto assets

News | Cryptocurrencies | 28 Sep 2020

In September 2020, the European Commission has published a legislative package for crypto assets in the EU. 

European Commission, legislative, crypto assets, cryptoassets, Digital Finance Strategy, Regulation on Markets in Crypto Assets, Pilot Regime for Market Infrastructures, DLT, regulations, best practices, national frameworks, CASPs, Crypto Asset Service Providers, Single Market, EU legislation, standardisation, crypto regulations

ISO 20022 migration to continue despite delays, Deutsche Bank paper

News | Online & Mobile Banking | 25 Sep 2020

Deutsche Bank has released a new ‘Guide to ISO 20022 migration’ whitepaper, which offers an update regarding industry shift to the de facto global standard for financial messaging: ISO 20022.

ISO 20022, Deutsche Bank, migration, report, Guide to ISO 20022, industry shift, financial messaging standard, global standard, SWIFT, market infrastructures, correspondent banking, Transaction Management Platform, TMP, central transaction processing, ECB, EBA CLEARING, Bank of England

DHgate introduces MyyShop for building a decentralised ecosystem

News | E-invoicing, SCF & E-procurement | 21 Sep 2020

China-based B2B cross-border ecommerce marketplace DHgate has launched MyyShop, a new Software-as-a-Service (SaaS) product for decentralised cross-border ecommerce.

DHgate, MyyShop, ecosystem, decentralisation, China, B2B, cross-border, ecommerce, marketplace, SaaS, cross-border ecommerce, pandemic, international trade, local economy, SMEs, global trade, consumer-centric ecosystem, ecommerce infrastructure, Facebook, Instagram, WhatsApp, TikTok, online store, dropship, traffic monetisers, social commerce influencers

TrueLayer secures USD 25 mln in Series C round

News | Online & Mobile Banking | 21 Sep 2020

Financial infrastructure provider TrueLayer has announced it has secured an additional USD 25 million in funding, under its Series C.

TrueLayer, funding, financial infrastructure, Anthemis, Connect Ventures, Northzone, Temasek, UK, United Kingdom, payment institution, FCA, Financial Conduct Authority, account information, payment initiation, open banking, PSD2, France Italy Spain, Revolut, Nutmeg, Freetrade

Banking Circle introduces new solutions for payments transparency

News | Payments General | 09 Sep 2020

Financial infrastructure provider Banking Circle has introduced new Payments on Behalf of (POBO) and Collections on Behalf of (COBO) solutions to tackle compliance and reconciliation issues.

Banking Circle, payments, financial infrastructure, payments on behalf of, POBO, collections on behalf of, COBO, compliance, reconciliation, B2B payments, banks, payments business, cashflow, financial institutions, SWIFT, FasterPayments, CHAPS, SEPA, local clearing

US venture fund reStage to acquire ecommerce live chat platform Needle

News | Ecommerce | 31 Aug 2020

US-based turnaround venture funt reStage has announced they will acquire Needle, company that provides live ecommerce chat staffed by brand advocates. 

Needle, reStage, venture fund, ecommerce live chat, US, ecommerce online shopping, ecommerce infrastructure, North America

China's virtual Yuan DCEP System to be released in Hong Kong

News | Online & Mobile Banking | 14 Aug 2020

China’s virtual yuan (CBDC), also referred to as digital currency electronic payment (DCEP) has been announced for testing in Hong Kong’s Greater Bay Area in August 2020.

China, Hong Kong, virtual yuan, DCEP System, CBDC, Greater Bay Area, digital currency, digital currency electronic payment, Guangzhou, Shenzhen, Macau, financial centre, financial infrastructure, Guangdong, South China, international adoption, virtual banking system

Western Union enters Brazil with international payment services

News | Payments General | 07 Aug 2020

Cross-border and cross-currency payments provider Western Union has announced a partnership with Banco SEMEAR in Brazil to offer the WU GlobalPay for FI platform.

Western Union, Brazil, Banco SEMEAR, WU GlobalPay for FI, cross-border, cross-currency, payments, platform, banking system infrastructure, international payment services, online platform, Business Solutions, processing transactions, financial institutions

Fintech iknowa rolls out new platform

News | E-invoicing, SCF & E-procurement | 17 Jul 2020

Property and fintech startup iknowa has announced new availability in the UK for building and renovation projects.

fintech, iknowa, startup, AI, ML, cognitive technologies, banking infrastructure, algorithm, UK, United Kingdom, London

CPMI's report states 19 building blocks to boost cross-border payments

News | Payments General | 14 Jul 2020

The Committee on Payments and Market Infrastructures (CPMI) has published a report which aims to make lasting improvements in cross-border payments.

Committee on Payments and Market Infrastructures, CPMI, cross-border payments, payments infrastructure, Finance Ministers, Central Bank Governors

Google plans to invest USD 10 bln in India

News | Payments General | 13 Jul 2020

Google has announced that it will invest USD 10 billion in partnerships, operations, infrastructure, the digital ecosystem and equity investments in India.

Google, Alphabet, India, operations, infrastructure, the digital ecosystem, equity investment, investment, Asia, APAC

Japan to review bank transfer fees

News | Payments General | 03 Jul 2020

Japan’s government has announced plans to conduct a review of bank transfer fees.

bank transfer fees, banking, fintech, digitalisation, digital payment infrastructure, Japan