Innovation Fintech News
BNY Mellon and Fiserv Expand Real-Time FX Rate Quotes Capabilities for Payments from US Financial Institutions
BNY Mellon and Fiserv, a global provider of payments and financial services technology, have joined forces to deliver additional capabilities for real-time FX rate quotes for payments from U.S. financial institutions. Using innovative application programming interface (API) connectivity, financial institutions leveraging Payments Exchange: Foreign Exchange Services from Fiserv can now seamlessly access BNY Mellon’s real-time …
Surecomp Enables Further Trade Finance Efficiencies with Traydstream Partnership
Surecomp today announced that it has finalised a partnership agreement with the London-based fintech Traydstream to integrate AI powered document checking into its collaborative trade finance platform RIVO™. By offering an integrated solution for document checking, sanction screening, AML detection and other OCR-based compliance checks, RIVO customers will be able take a more proactive approach …
J.P. Morgan Invests in Payments Provider ISG to Improve Ease of Digital Payments
In-Solutions Global Ltd (ISG), a leading payment solutions provider headquartered in India, today announced a strategic investment by J.P. Morgan. Established in 2004, ISG supports more than 17 billion transactions for their clients annually via its proprietary GeniusTM Payments-as-a-Service (PaaS) platform, which provides market-leading stack and scalable capabilities that simplify the payment collection process resulting …
Trovata Partners with J.P. Morgan Asset Management to Make it Easier for Businesses to Invest Excess Cash as Interest Rates Rise
Trovata, a leading bank-connected platform that makes it easier for finance and treasury professionals to manage cash, and J.P. Morgan Asset Management, a global leader in investment management with $2.3 trillion of assets under management, announced they are partnering to help joint customers tap into Morgan Money’s services to access higher yields on corporate investing …
Arqit and Traxpay Sign Contract to Deliver more Efficient, Secure Trade Finance
Arqit Quantum Inc., a leader in quantum-safe encryption, has signed a contract with Traxpay, a leader in supply chain financing solutions, to deliver quantum-safe digital finance instruments, enabling supply chain actors to conduct business more efficiently and securely in the new digital trade era. Deployed directly into Traxpay’s supply chain financing platform which has processed …
Jiko Announces Over $1B in T-Bills Traded, Including a Same-Day Withdrawal of $100M
Jiko, a financial network that revolutionises how money is stored and moved, today announced that it has traded over $1B in T-bills since the summer 2022 launch of its corporate offering, Jiko Money Storage, which provides on-demand liquidity by enabling programmatic investment in T-bills, securely held at leading custody bank BNY Mellon. Jiko also announced …
Conduent Collaborates with BNY Mellon to Launch New Digital Hub that Expands Access to Faster, Easier and Secure Payments
Conduent Incorporated, a global technology-led business process solutions company, today announced the launch of its new Digital Integrated Payments Hub enabling businesses and public sector agencies to access secure, faster, and cost-effective options to send, request or receive payments. By integrating the payment capabilities of BNY Mellon’s trusted infrastructure, Conduent’s new Digital Integrated Payments Hub …
Kyriba and J.P. Morgan Payments Launch New Real-Time Treasury Solution
Kyriba and J.P. Morgan Payments today announce a new real-time treasury solution with a new API that delivers real-time cash visibility and bank reporting, which will be made available to their mutual clients. The end-to-end process automation, using J.P. Morgan’s open banking API capabilities, enhances existing API-based connectivity and enables more frequent data retrieval and …
UK-based Forecasting Innovator Predictive Black Acquired by FatBrain AI
FatBrain AI has acquired Predictive Black Ltd, a UK-based innovator of real-time cash management, financial insights and business wellness for SMEs. The Predictive Black SaaS platform delivers to SMEs personalised forecasts for revenue, costs and cash, innovating the global $135B+ open banking market. It works by securely connecting, aligning and continuously scoring the clients’ financial …
Goldman Sachs Asset Management Partners with Kyriba
Goldman Sachs Asset Management announced today that it has entered into a connectivity agreement with Kyriba, a global leader of enterprise liquidity management solutions, to connect the Goldman Sachs Liquidity Solutions Portal, Mosaic, with Kyriba’s digital Treasury Management System (TMS). The new arrangement will create an end-to-end workflow for investing in money market funds, introducing …
AccessPay and Finastra Deliver Corporate-to-bank Connectivity
AccessPay and Finastra have teamed up to remove the challenges and reduce the costs associated with traditional corporate banking’s host-to-host connections. Enabling banks to offer direct connectivity for payments to a wider range of corporate customers, the partnership strengthens corporate relationships. Banks can now offer seamless connectivity to their corporate customers, to any enterprise resource …
Token Teams up with NatWest Group to Unlock Wider Range of VRP Use Cases
Open Banking payments platform Token today announces it will enter into an agreement with NatWest Group to offer Variable Recurring Payments (VRP) for non-sweeping services. The news, a significant industry development, was delivered by Token’s Chief Product Officer Charles Damen and NatWest Group’s Head of Open Banking Daniel Globerson during a panel session on VRP …
BNP Paribas sign agreement for the acquisition of Kantox
BNP Paribas has announced the signature of an agreement for the acquisition of Kantox, a fintech for automation of currency risk management. Kantox’s software solution has re-bundles the Corporate FX workflow, offering a one-stop-shop, API driven, plug-and-play solution which has emerged as a valuable technology within the B2B cross-border payments sector. Kantox’s technology provides a …
Nomentia Enters into a Partnership with SEB to Provide Bank Connectivity to SEB Clients
Nomentia is partnering with SEB to provide integrations and bank connectivity to SEB’s clients to prepare them for the upcoming changes enforced by P27, the Nordic Payments Platform. P27 will increase the efficiency of payment processing to improve domestic and cross-border payments in the Nordics. Through this partnership, SEB clients will have the possibility to …
TIS Partners with Delega to Offer Customers NextGen Automated Multi-bank Signatory Rights Management
TIS, a cloud-based platform and service provider for payments, cash management, compliance and security, today announced its partnership with Delega, a specialist fintech offering secure, automated multi-bank signatory rights management. The partnership enables TIS and Delega customers to benefit from NextGen electronic bank account management (eBAM). It will leverage Delega’s cutting edge front-end design – …
Surecomp Partners with BIDV to Streamline Trade Finance
Toronto – Surecomp today announced that the Joint Stock Commercial Bank for Investment and Development of Vietnam, commonly known as BIDV, has gone live with its DOKA-NG and allNETT solutions to fully digitise trade finance processing. Supported by local partner, CMC Technology and Solution (CMC TS) in Vietnam, Surecomp was selected by BIDV to deliver …
Finastra and HSBC collaborate to bring Banking as a Service FX capability to mid-tier banks
The move will enable banks to embed FX services directly into corporate and branch channels Finastra and HSBC announced today that they are working together to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience. This collaboration will take advantage of modern API-driven connectivity with licensed institutions’ secure, …
Deutsche Bank Partners with FinLync to Provide Instant Access to Real-time Treasury for Corporates
Deutsche Bank today announced its partnership with FinLync, a global fintech company offering products that are transforming corporate finance and treasury offices. FinLync’s pre-built API integrations and SAP-embedded treasury applications will enable corporate treasury and finance teams to connect to Deutsche Bank’s API offerings rapidly and easily. FinLync’s technology directly embeds up-to-the-moment bank data into …