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Standard Chartered announced a new partnership with Wise Platform to improve speed and lower costs for its international payments service, SC Remit. Wise Platform’s infrastructure includes over 65 licences and six direct connections to domestic payment systems including the latest one with Philippines’ InstaPay.
RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important?
In a significant move to strengthen its retail cross-border payments offering, leading global bank Standard Chartered and Wise Platform, Wise’s global payments infrastructure for banks, have announced a partnership, to power faster and cheaper international payments for the bank’s cross-border payment service, SC Remit.
Orbital has partnered with ClearBank Europe to expand real-time euro payment options. The Orbital ClearBank partnership connects SEPA rails with stablecoins, driving innovation in cross-border digital payments. If those rails aren’t real-time, then the overall payment flow isn’t either.
The payments outlook 2025: Strategic priorities from industry leaders May 2 2025 by Payments Intelligence LinkedIn Email X WhatsApp Whats the article about? The strategic priorities for the payments industry in 2025, as discussed by senior payments leaders who attended a Payments Labs roundtable.
Whether you are a B2B founder building a global marketplace, a CFO steering a SaaS scale-up, or a finance team tasked with managing complex payments, finding the best fintech tools is critical. This guide covers the top 100 fintech tools across key categories including banking APIs, billing, KYC/AML, FX, crypto tools, and open banking.
These included cloud accounting, SME lending dashboards, invoicing tools, and payment portals. A treasurymanagement SaaS doesnt only reconcile cash, it connects to foreign exchange hedging, liquidity planning, and yield optimisation. APIs and Banking-as-a-Service (BaaS) providers are the bridges that connect them.
These included cloud accounting, SME lending dashboards, invoicing tools, and payment portals. A treasurymanagement SaaS doesnt only reconcile cash, it connects to foreign exchange hedging, liquidity planning, and yield optimisation. APIs and Banking-as-a-Service (BaaS) providers are the bridges that connect them.
Their announcement noted that The Peoples Community Bank’s current infrastructure does not support the ability to quickly build and launch new products, and with an infrastructure upgrade — which enables application programming interface (API) integration with Microsoft Azure — new products can be built and launched within a matter of days.
There are a lot of moving parts in B2B payments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. In 2020, many of the biggest pain points in B2B payments were revealed, particularly when transactions move across border. Marrying Payments With Data. Emerging Ecosystems.
The problem can be traced back to data: as organizations scale, either through organic growth or M&A, they’re taking on more financial management platforms and opening more bank accounts, leading to fragmented storage of financial data. Despite the data challenge, pressures on CFOs and treasurers continue to mount.
Businesses of all sizes are doing their best to stay on top of changing payment trends and consumer expectations as the pandemic continues to impact how money is moved. The tool will enable PNC clients to disburse money at speed to their own clients as well as their employees, without having to fall back on legacy payment methods.
28) the launch of an API to connect its clients operating in the treasury services industry to critical Citi services. According to a release , the bank’s Treasury and Trade Solutions (TTS) unit is rolling out the CitiConnect API to help treasury service providers link their own treasury and ERP solutions into Citi.
While Open Banking initiatives and data integrations between banks and FinTech firms have begun to target corporate and small business (SMB) end users, new research out of the U.K. HSBC Targets Treasurers With APIs. In an announcement , HSBC revealed the launch of its TreasuryAPIs for corporate clients across 27 markets.
In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool. Different Approaches To APIs.
Yet, as it has done in so many other areas of financial services, the pandemic has created a market climate in which banks, FinTechs and other service providers have an opportunity to embrace the application programming interface (API)-powered open banking model. Indeed, many FIs in the U.S. Earlier this year, for example, U.S. While the U.S.
JPMorgan ’s Head of Global Liquidity Product Solutions Specialists, Lori Schwartz , told PYMNTS in a recent Masterclass that the very nature of liquidity management is changing — and leading treasurymanagement professionals to pivot to digitization and move from physical to virtual accounts. It’s the best of both worlds.”.
We provide products from payments and collection, FX and payout all the way to embedded finance to allow or empower any businesses to operate the whole financial and payments stack on top of our platform. Companies such as TripAction and Niven utilize our infrastructure to power reimbursement products worldwide via our core API.
The ability to view account balances, initiate payments and apply cash within a unified platform can yield major benefits for corporate treasurers, boosting financial visibility through bridging the usually siloed operations of banking, accounting, accounts payable (AP), accounts receivable (AR) and more. Driving Personalized Experiences.
B2B payments are rife with frictions, including high processing costs, slow transaction times and industry players’ reluctance to embrace electronic payments in lieu of paper checks. Ensuring such payments are secure from bad actors is a priority for the banks that process them. Benefits Of APIs .
When consumers use mobile apps like Uber or iTunes, the expectation that payments occur in a seamless, integrated way represents a broader paradigm shift in the payments world — one that is seeping into the corporate community as well. procurement), and its related payments (i.e., the function of payment a vendor).
B2B ’s pain points when it comes to payments are well known — where paper checks dominate, where even the fax machine makes an appearance. Along the way, they said, the B2B payments landscape itself will be transformed, chiefly through digitalization and verticalization. Where We’re Headed.
As open banking frameworks take root in more markets around the globe, the model of data integrationcontinues to also take shape in the business financial services market, particularly impacting micro- and small businesses (and the FinTechs that service them). “FX is a complicated area,” added Cran.
For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. Streamlining Payments For Buyers And Suppliers Too .
Rather, banks around the globe began to understand the potential value in opening up customer data to third-party players, and with more bank APIs emerging in 2018, the year saw a surge in data sharing. Finserv Embraces The API. “I I think for our industry, APIs are a very positive innovation,” said Hubert J.P.
The complexity of payment workflows within and between mid-market and large corporate entities can be so immense that many treasurers aren’t able to pinpoint exactly where the friction exists. But first, understanding that payment bottlenecks and inefficiencies exist is key to successfully battling the payments headaches.
Morgan’s Head of Wholesale Payments Solutions Lia Cao, corporate treasury solutions must be digital, flexible and holistic. Integrating bank solutions into treasurers’ existing back offices isn’t the only data connectivity challenge treasurers need their banks to address today. According to J.P. Build Vs. Buy Vs. Partner.
Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”. The proof of concept is designed to “bring the benefits of gpi payments’ speed, ubiquity and certainty to distributed ledger technology (DLT)-enabled trade.”
As banks look to pair with FinTechs to meet the treasury needs of their corporate customers, they’re also looking towards such innovators to integrate some of those same solutions in-house. Beaulande added that advanced analytics technology is now a must-have for banks to adequately manage these risks.
The Crypto-Lending-as-a-Service (CLaaS) solution enables other crypto companies — including exchanges, crypto wallets or mining services — to integrate Cred’s lending functionality into their own solutions. We look forward to continually adding new functionality that will appeal to new and existing customers of crypto.
Finastra , a global provider of financial software applications and marketplaces, today announced it has been selected by LGT to roll out instant payment services in Austria and Liechtenstein, with other markets to follow. Finastra’s payment hub provides banks with a future-proof, scalable and resilient payment processing system.
As Singapore continues to lead the Southeast Asian fintech landscape, we look today at some of the most active investors backing the city-state’s fintech innovators. In addition to systematically claiming the lion’s share of fintech VC funding in ASEAN, Singapore also boasts the largest and most developed fintech ecosystem in the region.
In Accounts Payable, the importance of vendor payment methods often goes unnoticed despite their substantial influence on the overall cash flow, efficiency of the AP team, and profit margins. The US Federal Reserve's new payment rail FedNow can shake up the landscape, offering significant time and cost savings. What is FedNow?
The financial services industry’s sudden support for application programming interfaces (APIs) has people talking about the power of data sharing. s Open Banking initiative encourage API development and adoption, with industry players acknowledging the technology’s ability to efficiently comply with data sharing rules.
Miami-based Apollo Bank is turning to a third-party FinTech to strengthen its corporate payments and treasurymanagement offering. The bank recently announced a partnership with CheckAlt to adopt its lockbox technology, allowing corporates to automatically accept, process and reconcile check payments. Germany- and U.S.
Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. B2B payments FinTech Qolo has announced a $3.8 Reports said the U.K.
Asia Pacific-based corporate treasurymanagement technology firm CS Lucas is expanding in the U.K., office to connect businesses in the country with its treasury Software-as-a-Service offering. CS Lucas pointed to its focus on ease of integration into corporates’ back-offices as a key competitive differentiator for the firm.
Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”. The proof of concept is designed to “bring the benefits of gpi payments’ speed, ubiquity and certainty to distributed ledger technology (DLT)-enabled trade.”
Citi’s Treasury and Trade Solutions is expanding its international ACH payments service capabilities for corporate customers. 11) that its WorldLink Payment Services has added 10 new countries with which it can facilitate cross-border payments; the markets are across the EMEA (Europe, Middle East and Africa) region, said Citi. “We
However, though it is certainly a major use case within Open Banking initiatives for FinTech firms to integrate into bank data streams via application programming interface (API), it’s not the only one. They said, ‘We have all of this data in our systems, [so] let’s build applications and services around it using APIs.’”.
Inefficient, but stubbornly entrenched, paper and cash dominate bill payments. paid using those archaic payment choices, the move to digital payments is a shared effort amid companies, processors, billers and, of course, consumers. Banks and credit unions can access the platform through application program interfaces (APIs).
Merchant-facing regulation: What merchants need to know in 2025 15 May 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The regulatory framework governing paymentscontinues to expand in scope, with increasing implications for merchants operating in the UK and EU. Why is it important?
Morgan’s blockchain business unit, to improve cash management, payments and liquidity performance for CFOs and Treasurers. will fully embed bank reporting and bank payment connectivity for Workday Financial Management to help Workday customers achieve greater banking agility. Morgan’s Payments strategy.
Moving to open banking with APIs [application programming interfaces] has impacts on fraud systems. This week’s look at the latest open banking and bank-FinTech collaborative initiatives reveals financial services firms continue to focus on elevated functionality, with data security seemingly more of a background priority.
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