Small intestinal bacterial overgrowth

Trade Ledger offers banks exclusive access to world first AI solution for embedded business finance

Retrieved on: 
Tuesday, October 10, 2023

LONDON, Oct. 10, 2023 /PRNewswire/ -- Following the launch of its new generative AI-enabled Working Capital Copilot solution at Sibos 2023, Trade Ledger is now accepting applications from banks to join its beta program which is being deployed by Accenture. Copilot, which is built on top of Trade Ledger's data platform, "is the last component of the tech stack required to effectively crack open the $120tn embedded lending opportunity for working capital finance", said Trade Ledger CEO Martin McCann.

Key Points: 
  • Just a small number of banks will be accepted for the beta program, giving them exclusive early access to the world's first generative AI interface for embedded complex business finance.
  • Copilot will not be generally available to other Trade Ledger customers until sometime in 2025.
  • The Trade Ledger data platform is already being used by banks such as HSBC and Barclays in 15 countries to cut the application to decision time for working capital finance to 48 hours.
  • The business may then apply from within Microsoft Teams, with the application to decision process being handled speedily through the Trade Ledger platform.

Temenos Brings Innovative Payments Capabilities to IBM Cloud to Help Banks Transform with Focus on Security and Compliance

Retrieved on: 
Wednesday, September 20, 2023

Now, with the Temenos Payments Hub on IBM Cloud for Financial Services, the solution is available across IBM’s hybrid cloud infrastructure, running on Red Hat OpenShift with IBM Power as well as LinuxONE.

Key Points: 
  • Now, with the Temenos Payments Hub on IBM Cloud for Financial Services, the solution is available across IBM’s hybrid cloud infrastructure, running on Red Hat OpenShift with IBM Power as well as LinuxONE.
  • With Temenos Payments Hub, banks can progressively modernize their payments capabilities and their integration with new payments schemes and rails.
  • With Temenos Payments Hub on IBM Cloud for Financial Services, banks can combine IBM’s expertise in providing secured, cloud infrastructure with Temenos’ innovative payments solutions.
  • With Temenos Payments Hub, banks can quickly implement instant payments services like FedNow and can then proceed to progressively modernize their payments capabilities.

3 in 5 Americans Expect All Payments to Become Digital

Retrieved on: 
Tuesday, September 19, 2023

Just over a quarter (26%) use QR codes for payments, while 16% do so using some form of cryptocurrency.

Key Points: 
  • Just over a quarter (26%) use QR codes for payments, while 16% do so using some form of cryptocurrency.
  • Erika Baumann, Director, Commercial Banking & Payments, Datos Insights, said: “At Datos (formerly Aite-Novarica Group), we are seeing increased adoption of digital payments in the US.
  • Temenos is also a global market leader in payments, consistently ranked the top-selling payments system in the IBS Intelligence Sales League Table .
  • Hear more from Temenos on payments modernization at Sibos 2023 , the global financial services networking event in Toronto, 21-23 September.

Zafin™ Unveils Zafin Studio

Retrieved on: 
Tuesday, September 19, 2023

Built on the foundation of Zafin’s proven end-to-end product and pricing platform architecture, Zafin Studio is a consultative framework and methodology that integrates customer-centric design principles with actionable market and customer insights provided by Zafin’s Proposition Canvas, Product and Pricing Index (PPI), and Product Explorer.

Key Points: 
  • Built on the foundation of Zafin’s proven end-to-end product and pricing platform architecture, Zafin Studio is a consultative framework and methodology that integrates customer-centric design principles with actionable market and customer insights provided by Zafin’s Proposition Canvas, Product and Pricing Index (PPI), and Product Explorer.
  • The powerful combination of the Zafin platform plus modeling techniques and tools enables the creation and delivery of tailored customer propositions that closely match customer preferences.
  • Zafin Product and Pricing Index will be available in private preview in Q4 2023, Zafin Product Explorer will be available in private preview in Q1 2024, and Zafin Proposition Canvas will be in private preview in Q2 2024.
  • Request a consultation for Zafin Studio today or book a meeting with the Zafin team during the week of Sibos to learn more.

Kyriba to Provide RBC with Cloud-Based Payables and Receivables Finance Solution as the Bank Expands Supply Chain Finance Offerings for Canadian Enterprises

Retrieved on: 
Thursday, September 21, 2023

Kyriba’s cloud platform provides institutions with payables and receivables finance management solutions to support their business clients’ working capital needs.

Key Points: 
  • Kyriba’s cloud platform provides institutions with payables and receivables finance management solutions to support their business clients’ working capital needs.
  • “With the cost of capital continuing to rise, it is critical that corporate finance teams unlock cash flow within their payables and receivables,” said Edi Poloniato, Global Head of Banking Solutions at Kyriba.
  • Kyriba was honored by Global Finance Magazine for its Working Capital Solutions, including being named global winner of Best Supplier Enablement for automated and transparent supplier onboarding operations.
  • For more information about Kyriba’s Working Capital Solutions, visit Kyriba.com or visit us at upcoming finance conferences, including Sibos in Toronto on September 18-21, 2023.

Visa and Swift Team Up to Enhance Transparency, Speed and Security in Global B2B Money Movement

Retrieved on: 
Tuesday, September 19, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230919421963/en/
    Visa and Swift team up to streamline global money movement (Graphic: Business Wire)
    As part of the joint effort, announced in Toronto at the annual Sibos conference, Visa will deploy capabilities developed by Swift that can help increase the speed and certainty of cross-border money movement.
  • This includes Swift Payment Pre-validation to enable upfront checks of Visa B2B Connect payments, reducing unnecessary delays by catching potential errors before the payment is initiated.
  • By working with Swift, Visa will help enhance our financial institution clients’ offerings to their corporate customers.
  • Built upon Visa's extensive global network and fortified by advanced security technology, Visa B2B Connect empowers businesses to seamlessly authenticate and manage cross-border B2B payments.

Research Reveals Software Development Limitations Cost Banks 5% a Year in Lost Payment Revenues

Retrieved on: 
Monday, September 18, 2023

Independent research conducted by Celent on behalf of Icon Solutions estimates that software developer capacity constraints have impacted banks’ payment revenues by 5% over the past two years.

Key Points: 
  • Independent research conducted by Celent on behalf of Icon Solutions estimates that software developer capacity constraints have impacted banks’ payment revenues by 5% over the past two years.
  • Many large banks prioritise in-house builds over buying vendor packages for payments processing software to maintain control and competitive differentiation.
  • This enables software development without manual coding, increasing developer productivity and enabling non-technical product specialists within the bank to contribute to the development process.
  • “Many large banks face the same challenges, with the need to deliver payments modernisation and product enhancements stymied by capacity limitations.

Oracle Transforms Payments and Transaction Banking in the Cloud

Retrieved on: 
Monday, September 18, 2023

TORONTO, Sept. 18, 2023 /PRNewswire/ -- Sibos -- Oracle today expanded its Oracle Banking Cloud Services portfolio to help banks quickly launch comprehensive transaction banking offerings spanning cash management, liquidity management, and virtual account management. Together, with Oracle's real-time payments processing, hyperscale account operations, and APIs, the new services will enable banks to improve visibility, forecasting, and better control liquidity to help customers leverage cash more effectively.

Key Points: 
  • TORONTO, Sept. 18, 2023 /PRNewswire/ -- Sibos -- Oracle today expanded its Oracle Banking Cloud Services portfolio to help banks quickly launch comprehensive transaction banking offerings spanning cash management , liquidity management , and virtual account management .
  • New, enhanced, and complimentary Oracle Banking Cloud Services all available today include:
    Oracle Banking Liquidity Management Cloud Service: drives additional avenues for higher-yield investments and offers key capabilities such as pooling, sweeping, and interest optimization.
  • Oracle Banking Payments Cloud Service: is a digital payments solution that powers payment processing in real-time, anywhere, and at scale.
  • Oracle Banking APIs Cloud Service: jump-starts API banking with 1,800+ ready-to-deploy business and foundational banking APIs.

Swift and Wise Join Forces to Expand Cross-Border Payment Options Globally

Retrieved on: 
Monday, September 18, 2023

Swift and Wise have announced an innovative collaboration to increase cross-border payment options for financial institutions and their customers, enabling payments sent securely via Swift to complete seamlessly over Wise with end-to-end transparency.

Key Points: 
  • Swift and Wise have announced an innovative collaboration to increase cross-border payment options for financial institutions and their customers, enabling payments sent securely via Swift to complete seamlessly over Wise with end-to-end transparency.
  • View the full release here: https://www.businesswire.com/news/home/20230918579060/en/
    Financial institutions seeking to innovate their offerings will be able to route Swift payment messages directly to Wise Platform - Wise’s infrastructure solution for banks and major enterprises — through its latest Correspondent Services solution.
  • This will enable their customers to benefit from the speed and convenience of Wise, and the breadth of Swift without needing to implement any major changes to their systems.
  • Wise Platform will harness advanced Swift capabilities to power its service, including cloud and API connectivity and Payment Pre-validation and will continue to offer banks all the hallmark features of Swift GPI, including a payment status tracker which Wise Platform will update to ensure end-to-end visibility across both networks.

Banque Delubac & Cie goes live with Finastra to launch its instant payments offering

Retrieved on: 
Monday, September 18, 2023

LONDON, Sept. 18, 2023 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces, announces that Banque Delubac & Cie, an independent financial institution offering specialist banking services, has launched its instant payments offering with Finastra Payments To Go. With the SaaS solution implemented, the bank can provide other institutions with access to Europe's TARGET Instant Payments Settlements (TIPS), while future-proofing its business to respond quickly to changing demands. The solution will also help the bank deliver faster innovation and drive business growth.

Key Points: 
  • With Finastra Payments To Go, Banque Delubac & Cie can offer other financial institutions access to Europe's TIPS
    LONDON, Sept. 18, 2023 /PRNewswire/ -- Finastra , a global provider of financial software applications and marketplaces, announces that Banque Delubac & Cie , an independent financial institution offering specialist banking services, has launched its instant payments offering with Finastra Payments To Go .
  • "Customers expect to make and take payments instantly, seamlessly and securely, 24/7," said Djillali Ouadah, Head of Correspondent Banking at Banque Delubac & Cie. "As transaction volumes continue to grow, we will provide a highly reliable payment processing solution to facilitate instant payments, without compromising security.
  • By reducing complexity and operational costs, institutions can implement new offerings – such as compliance with the proposed EU instant payments regulation – and drive business growth.
  • "Our solution has enabled Banque Delubac & Cie to provide its customers with access to faster, more transparent and inclusive payment services.