Sbanken casts Nets

Sbanken casts Nets

Norwegian bank Sbanken has selected payment solutions provider Nets to support its Open Banking journey across the Nordics and Europe. Nets’ single integration solution will give Sbanken access to account information in all banks in Norway and beyond through PSD2 APIs. This will enabling Sbanken to develop services for its…

Challengers banks land £280m for SME focus

Challenger banks land £280m to improve SME banking

Three challenger banks have been awarded grants totalling £280m to improve business banking for small and medium-sized enterprises (SMEs). Metro Bank, Starling and ClearBank have been awarded grants of £120m, £100m and £60m respectively by the RBS Alternative Remedies package. The money is part of a £775m fund backed by…

Fintech 'driving wholesale banking'

Fintech adoption driving wholesale banking business goals

Fintechs are increasingly helping financial institutions attain their wholesale banking goals, but the relationship between the smaller firms and large company executives still needs work, a survey has claimed. Reducing operational costs is the way most banking executives cite fintechs enabling them to reach these goals, according to 87 per…

Business leaders failing to capitalise on fintech

Business leaders failing to capitalise on fintech

More than a fifth of businesses in the UK believe decision-makers have not grasped the value and opportunities offered by financial technology providers. In a survey of 500 chief executives, chief financial officers and managing directors of large and medium-sized companies, foreign exchange and payments business Centtrip found a gulf…

Nordea forges ahead with plans on PSD2

Nationwide buys into fintech for business banking boost

Nationwide has invested in a leading fintech, citing its aim to disrupt business banking by delivering “game-changing” customer service both on the high street and online. The building society, the world’s largest, has taken a minority stake in 10x Future Technologies. The fintech will work with the Nationwide to deliver…

Modulr strikes deal with accounting giant Sage

Accounting technology group Sage has partnered with payments fintech Modulr to help clients improve their management of accounting and payroll payments. The deal means businesses will be able to process salary and supplier payments within Sage accounting and payroll products Sage’s. Seamus Smith, executive vice president of global payments and…

Swift opens registry to corporate members

Interbank network Swift is opening its Know Your Customer (KYC) Registry to corporates, allowing them to exchange data and documents with banking partners, gain efficiencies and prevent duplication. From the fourth quarter of 2019, all of Swift’s 2,000 corporate groups will be able to join the KYC Registry, which already…

Chinese e-commerce group chooses Accuity compliance

Chinese e-commerce payments firm Skyee has appointed global financial crime group Accuity to improve and streamline its compliance screening. Skyee will use Accuity’s Firco Compliance Link, a service which meets international regulatory standards on customer authentication and financial crime screening. “As a pioneering service provider of cross-border payment solutions, Skyee…

Barclays announces payments tie-up with SAP

Barclays announces payments tie-up with SAP

Barclays has announced a strategic partnership between its Barclaycard Commercial Payments division and enterprise software firm SAP UK. Barclaycard will integrate its B2B payment product, Precisionpay, into SAP’s global supply chain management platform Ariba. It will be the first product to launch on the Ariba Network, aiming to “combine the…

Banks change tack on approach to tech M&A

Traditional banking groups now consider the acquisition of new technologies as justification for mergers and acquisitions (M&A), and are adjusting how they assess deals, according to research from consultancy Accenture. The report, Riding the Consolidation Wave: Navigating the Next Wave of Consolidation, is based on a survey of global banking…

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