AutoRek Joins Swift Partner Program

AutoRek, an automated financial controls platform based in Scotland, has joined the Swift Partner Program. The move will enhance the consolidation and reconciliation of financial data and provide greater integration between companies’ operations and their third-party data sources. Leveraging its predefined catalog of API connections, AutoRek will consume messages directly from the Swift network, making Read more…

Veritran and Swift Announce Collaboration to Enhance Cross-Border Payments

A new collaboration between Veritran and financial messaging services innovator Swift will empower financial institutions to provide an enhanced and streamlined cross-border payments experience for customers. As part of the collaboration, Veritran has joined the Swift Partner Programme, which will give its customers access to a variety of Swift solutions to increase the transparency and Read more…

Nium’s New Solution Offers Alternative to SWIFT Settlement

Global payments platform Nium unveiled a new payments solution. The new solution helps international banks increase the speed and reduce the cost of settling transactions to select U.S. brokerages. Leveraging the tool, financial institutions can save up to 90% in settlement fees. Global payments platform Nium unveiled a new payments solution that will help international Read more…

EBA Clearing, SWIFT, and The Clearing House Partner for Cross-Border Payments

Three payments powerhouses have partnered this week in a movement toward fast and seamless cross-border payments. France’s EBA Clearing, Belgium’s SWIFT, and the U.S.’s The Clearing House (TCH) are working together to launch Immediate Cross-Border Payments (IXB). IXB is a new initiative that can synchronize settlements in two different, instant payment systems and convert real-time Read more…

PayPal Strengthens Lending Arm with Swift Financial Acquisition

PayPal has apparently not taken vacation this summer. After a surge of partnerships, the payments company announced it will acquire Swift Financial, a U.S.-based small business lending platform. Terms of the deal, which is expected to close later this year, were not disclosed. Delaware-based Swift Financial has provided working capital to thousands of small businesses Read more…

Finovate Alums Among SWIFT Innotribe’s Startup Challenge Finalists

With more than 280 companies applying, and 47 companies selected to compete, the Innotribe Startup Challenge is down to the top 15 companies that will move on to the Grand Finale. And six of the companies to advance are Finovate alums. The Innotribe Startup Challenge is part of Sibos, the conference held by SWIFT each Read more…

KlickEx Takes Home Top Startup Prize at Swift’s Innotribe Challenge

At Swift’s Innotribe last week, a group of startups pitched their latest fintech innovations to a group of banks, VCs, and tech gurus. The 14 companies, who were selected from a pool of 200 applicants, were given 6 minutes each to pitch the audience. Realty Mogul, P2P Cash, and recently-acquired Good April were among the companies vying Read more…

Tokenized Deposits vs. Stablecoins: What’s the Difference and Why It Matters

At this point, if you’ve been working in the financial services industry since January, you’ve likely heard of stablecoins, and you may have heard of tokenized deposits. What may still be unclear, however, are the differences and similarities between the two. Blockchain-powered financial infrastructure is on the rise, and it’s important for banks, fintechs, and Read more…

SmartStreamAir Expansion Takes Company into the Insurance Business

London-based financial Transaction Lifecycle Management (TLM) solutions provider SmartStream is bringing its technology to the insurance sector. The company announced an expansion of its AI-powered reconciliation and data management platform, SmartStream Air, that will help insurers deal with rising transaction volumes, data quality challenges, and an increasingly complex regulatory environment. For companies that have front Read more…

ACI Worldwide Unveils Centralized Payment Hub, ACI Connetic

ACI Connetic, ACI Worldwide’s new centralized payment hub, was unveiled this week. The solution integrates major global networks’ payment capabilities—including Swift cross-border payments, RTGS payments including Target2, SEPA Instant RT1, and TIPS payments, with more capabilities to be integrated later. This brings account-to-account (A2A) payments, card payments, and AI-powered fraud prevention into a unified, cloud-native Read more…

Currency Risk Management Firm Argentex Partners with French Paytech Numeral

Currency risk management and alternative banking specialist Argentex has chosen Numeral as its strategic payment technology provider. The designation means that Argentex will leverage technology from the French fintech to transform its payments and FX infrastructure. Argentex will be able to streamline its connectivity with banks via a single integration point, supporting operations across 140 Read more…

Streamly Snapshot: Digital Assets – Are You Ready?

This week’s edition of Streamly Snapshot features Swift Managing Director and Head of Innovation Nick Kerigan in a conversation titled, “Digital Assets in Financial Services: Are You Ready?” In this interview, Kerigan talks with Finovate Senior Research analyst Julie Muhn about the rise of the digital asset market and its potential impact on banking and Read more…