Banking

Paystand, the blockchain-enabled payment network for business, announced its $50 million Series C round of funding led by NewView Capital with participation from SoftBank’s Opportunity Fund, King River Capital, Industrious Ventures, and Transform Capital. This new round nearly doubles...

Society for Worldwide Interbank Financial Telecommunication (SWIFT) has rolled out SWIFT Go, its new low-value cross-border payments solution for small businesses. SWIFT Go facilitates rapid, predictable, highly secure, and competitively priced low-value cross-border payments directly from the users’ bank accounts. The...

Lloyds Bank Commercial Banking has teamed up with Mastercard to roll out PayFrom Bank, its new open banking payment solution for its business clients. The British retail and commercial bank will use Mastercard’s Payment Gateway capabilities and open banking merchant...

ICICI Bank  announced the launch of ‘ICICI STACK for Corporates’, a comprehensive set of digital banking solutions for corporates and their entire ecosystem including promoters, group companies, employees, dealers, vendors and all other stakeholders. The wide range of 360-degree...

Goldman Sachs announced the launch of Transaction Banking (TxB) in the UK, expanding the business which was successfully launched in the US last year. Transaction banking, also known as cash management and treasury services, is the business of providing solutions...

JP Morgan Chase has struck a deal worth almost £700m with British digital wealth manager Nutmeg as part of the US bank’s expansion into the UK retail banking and investment market. The takeover will generate a windfall for the more...

After six months of testing with a selected group of users, BBVA Switzerland makes its first crypto-asset trading and custody service available to all its private banking clients. The new service is available only in Switzerland and will start operating...