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Daily News at Sibos 2017 – Day 1

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Read our first Daily News at Sibos edition of the Sibos 2017 conference in Toronto – all the latest news and analysis from Swift’s premier event of the year. Free to read online or pick up a complimentary print copy if you are at Sibos!

IBM, KlickEx Group and Stellar unveil cross-border payments solution

IBM and friends launch cross-border payments solution on blockchain

IBM, KlickEx Group, a regional financial services company, and Stellar, a non-profit organisation that supports an open source blockchain network, have unveiled a new regional cross-border payments solution using IBM’s blockchain technology to provide clearing and settlement of trades on a single network in real time.

Sutton Bank in “old fashioned innovation” with new paytech product launch

Finastra gains three US clients

Ohio-based Sutton Bank says it has “married old-fashioned wisdom with cutting-edge fintech” for US businesses and their employees. The resulting product is particularly relevant in today’s “gig economy”.

Infographic: demystifying the cross-border remittances ecosystem

InstaReM Infographic - Demystifying Cross-Border Remittances

With a large chunk of the global workforce migrating to foreign countries in search of lucrative career opportunities or better living, the World Bank estimates that migrants will send up to $636 billion home in 2017, with three-quarters of that being remitted to developing countries. In 2015, $440 billion in remittances was sent back to […]

Doxo surpasses 30,000 payable billers on its platform

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Seattle-based consumer bill pay service Doxo now has more than 30,000 billers on its platform, allowing users the ability to pay even more companies from a single website, reports Julie Muhn at Finovate (Banking Technology’s sister company). This achievement also gives Doxo a new status – the company now has more billers on its platform […]

Blockchain and Bitcoin round-up: 12 October 2017

Circuit Board Projecting Bitcoin

Whether it’s prepaid card time or financial crime, the world of blockchain and Bitcoin is a lively one. This latest round-up features BitFlyer, Visa, Accuity, R3 and SIA. Tokyo-based Bitcoin exchange BitFlyer has unveiled a Visa prepaid card that can be charged with Bitcoin in yen and used throughout Japan. It can be charged via […]

Trustly teams with Emric to broaden payment options for businesses

Trustly

Instant payments and real-time authentication checks are coming to business clients of Nordic software provider Emric – courtesy of a new partnership with Trustly.

TSB Bank awards five-year services contract to NCR

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NCR Corporation has signed a five-year deal with UK’s TSB Bank to look after the bank’s 900+ ATMs and IDMs as well as provide service desk support for its employees across its branch network.

Wells Fargo launches mobile “tap and pay” functionality at 5,000 ATMs

Wells Fargo tap and pay

More than 5,000 ATMs of Wells Fargo (40% of its ATM network) now have near-field communication (NFC) enabled mobile wallet capability – i.e. the bank’s debit card customers can now “tap and pay”.

Bill.com discloses September investment round, doubles total funding

Tandem's future is secured

Business payments network Bill.com has updated the news regarding the $100 million in funding it landed last month. The round was lead by JP Morgan Chase and Temasek.

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