Archive for September, 2023

The United States Federal Open Market Committee unanimously agreed to maintain the current interest rates, concluding their latest monetary policy meeting today. This decision was fully in line with market… read more →

Finastra today announced a multi-year global agreement with Microsoft focused on trade platform modernisation, building on the existing availability of Finastra Trade Innovation in the cloud. Delivering the full functionality of… read more →

London – 20th September 2023 – CBI is an Italian company that develops digital services – including open banking and open finance services – for the financial industry and the… read more →

Lloyds Bank has completed what it believes to be the first transaction under the UK’s new Electronic Trade Documents Act (ETDA) which came into force today [20 September 2023]. 

Trade Ledger, in collaboration with Microsoft, announced the launch of Aida—a working capital analysis, product matching, and product application tool. Utilising generative artificial intelligence, Aida aims to change how small… read more →

Visa and Swift today announced a collaboration to streamline international business-to-business (B2B) payments by strengthening connectivity between their networks that move trillions in value globally. Working together, the organisations aim… read more →

ACI Real-Time Payments Cloud Platform, Hosted in Microsoft Azure, Helps Financial Institutions Enable Instant Payments Transactions Faster MIAMI, FL — September 18, 2023 — ACI Worldwide (NASDAQ: ACIW), a global leader in… read more →

HSBC today announced the launch of HSBC TradePay, an industry first, document free trade finance solution that enables clients to instantly drawdown trade loans and pay suppliers. HSBC TradePay is… read more →

Surecomp today announced that its RIVO™ solution is enabling unified electronic Bills of Lading (eBL) processing across various issuers, having successfully completed multiple ownership changes of a transaction between German… read more →

Interoperability in open banking and open finance has many different facets and can mean many different things.

At Sibos, Citi Treasury and Trade Solutions (TTS) has unveiled the initiation and testing stage of Citi Token Services, an innovative platform engineered to improve cash management and trade finance… read more →

High-interest rates and elevated inflation are pressing suppliers to reduce their cash-conversion cycles

Monday, Lloyds Bank announced that they have invested €3 million in Enigio to help expand their use of digital documentation in trade. The €3 million investment will allow Enigio to… read more →

The majority of UK law firms (74%) say their IT spending has increased since 2021, according to new research from HSBC UK and Briefing. Part of the reason for this… read more →

Bank of America is augmenting its CashPro Chat service, a key component of the CashPro banking platform used by over 40,000 corporate clients globally.  The upgrade incorporates artificial intelligence and… read more →