interbank payments

Bank Of America Automates FX Conversion For Smaller FIs
Bank Of America Automates FX Conversion For Smaller FIs
October 23, 2018  |  B2B Payments

Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange...

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Italy Completes Blockchain Interbank System Trials
Italy Completes Blockchain Interbank System Trials
October 04, 2018  |  B2B Payments

The Italian Banking Association announced the completion of testing of its interbank system developed on blockchain, CoinTrust reports said Thursday (Oct 4). A group of...

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G20 Report Raises Concerns Over Interbanking Decline
G20 Report Raises Concerns Over Interbanking Decline
July 06, 2017  |  B2B Payments

A report released this week by the Financial Stability Board, an international body that makes recommendations on the financial system for G20 nations, has raised...

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Visa Continues B2B Payments Focus
Visa Continues B2B Payments Focus
June 26, 2017  |  B2B Payments

News earlier this month that Visa launched its Visa Ready Program for Business Solutions, a collection of B2B payment and finance services, from virtual cards to...

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Canada Central Bank Votes ‘No’ On Blockchain — For Now
Canada Central Bank Votes ‘No’ On Blockchain — For Now
May 29, 2017  |  B2B Payments

After an inquiry to examine the potential for blockchain to play a role in the nation’s interbank system, the Bank of Canada has ultimately decided...

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Infosys Spearheads Blockchain Network In India, UAE
Infosys Spearheads Blockchain Network In India, UAE
November 29, 2016  |  B2B Payments

Two top banks in the United Arab Emirates and India are spearheading blockchain initiatives in their perspective markets thanks to a new collaboration with software...

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Banks Test Ripple’s Digital Asset In X-Border Payment Overhaul
Banks Test Ripple’s Digital Asset In X-Border Payment Overhaul
October 21, 2016  |  B2B Payments

The distributed ledger technology developed by Ripple is now at trial phase among FinTech innovation group R3 and 12 of its member financial institutions, as...

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