FinTechBlockchainTreasury tech update: NatWest, BNY Mellon, Barclays, Oracle and more…

Treasury tech update: NatWest, BNY Mellon, Barclays, Oracle and more…

The Global Treasurer’s monthly round-up of treasury tech news, including new partnerships, product launches and people moves....

(June 14) Treasury and technology teams from 14 banks including NatWest Group, BNY Mellon’s corporate treasury function, Barclays, and Citi have trialled a platform developed by London-based fintech Finteum that aims to help banks manage intraday liquidity through the development of new interbank markets. The blockchain-based platform is scheduled to go live in 2023.

(June 20) Payments group Stripe is launching a new bank transfer solution in the UK, EU and Mexico that it believes will remove the operational pain of receiving and manually reconciling transfers for businesses. Launched in Japan earlier this year the service could save firms hundreds of hours on confirming transfers, reconciliation and accounting, and refunds.

(June 21) Oracle and Vodafone have announced a strategic partnership to modernise the telecom group’s European IT infrastructure and accelerate its transition to cloud. Under the agreement, Vodafone will modernise and migrate a large number of its systems to a fully managed cloud region that brings all of Oracle’s public cloud services into Vodafone’s own network and data centers.

(June 22) Impel and the XDC Network have announced the launch of Impel, an alternative solutions platform for quickly and securely sending ISO 20022-compliant financial messages. Impel was created as a cost-effective alternative to legacy financial messaging solutions, like SWIFT and SEPA, and aims to provide an interoperable standard for financial data exchange while also streamlining settlement and reconciliation.

(June 23) Finastra says financial services group Rabobank has selected the latest version of Fusion Global PAYPlus payments hub for increased efficiency and innovation in payments. The hub will also help the bank migrate to the new ISO 20022 payments standard, due to go live in the eurozone for SWIFT messages in November 2022.

(June 23) Mastercard  has announced the launch of “The Belle Block”, an initiative focused on educating and empowering women and non-binary individuals to benefit from Web3 technology and crypto.  Areas it will focus on include business growth, education, leadership, legal & regulatory advocacy, and entrepreneurship.

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