A group of 21 banks, clearing houses and associated payment service providers have launched the International Payments Framework Association (IPFA).

Bank of America Merrill Lynch is planning to rollout electronic bank account management (eBam) technology from IdenTrust for its corporate customers.

Registration has opened for EBAday, the pre-eminent annual event for the European payments industry, with headline sponsorship from four leading global banks - JPMorgan, Deutsche Bank HSBC and ING - ...

The European Parliament has voted to scrap a controversial agreement to allow US authorities access to EU banking data transmitted over the international Swift network.

Liberal party leaders in the European Parliament are threatening to over-turn an interim agreement granting US authorities access to European banking transactions transmitted over the Swift messaging ...

The European Central Bank has been forced to set back the deadline for the introduction of a new pan-European securities settlement system by up to a year as negotiations over pricing and governance ...

The Finextra office will be closed after Tuesday 22 December, re-opening Monday 4 January.

International banking network Swift is imposing substantial price hikes on delegates and exhibitors attending its annual Sibos event in 2010, in a move it says will align the pricing "with the ...

Bank-owned payments network Swift has launched a purpose-built microsite for investment managers in a bid to get more traction with buy-side institutions.

Swiss-based STP vendor Sterci is to acquire a 25% equity stake in back office software house and Swift Service Bureau operator Simplex Consulting.

Banking network Swift is working with a consortium of major financial institutions, corporations and technology vendors to develop a set of common standards for the implementation of ISO20022 ...

SunGard is positioning itself as a central communications hub between banks, corporations and other trading partners with the launch of a technology 'ecosystem' linking users of its AvantGard ...

BNY Mellon Treasury Services and Pegasystems have completed a "successful" pilot programme for Swift's new electronic bank account management scheme (Ebam).

Financial messaging outfit Swift has dismissed reports that 300 jobs are on the line at its headquarters in La Hulpe, Belgium, as it acts to cut costs amid a decline in traffic volumes over the ...

Members of the European Parliament have claimed victory in their power struggle with the EC over negotiations on giving US authorities transaction information sent over the interbank Swift network.

A business model pitch called e-ME won the competition part of the Innotribe side conference run for the first time at Swift's annual conference. The concept was workshopped as part of an assignment ...

The International Payments Framework (IPF), an industry group aiming to simplify cross-border payments, is set to go live with the first stage of its payments plan in January 2010.

Core system renewal strategies at banks often create more problems than they solve, as firms ignore enterprise integration issues in favour of tactical one-off changes and quick-fix band aids, ...

Chi-X has signed an agreement with IBM to install its high speed messaging technology. This move is part of a larger race among liquidity providers to increase the speed of their services.

The future of transaction banking lies in greater collaboration between banks and a greater adoption of outsourcing. This was the main point delivered at a keynote debate at this Sibos, the annual ...

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