Transaction Banking news and trends

Goldman Warned by Fed Over FinTech Risk
Bank Regulation // September 01, 2023

The Federal Reserve has issued a warning to Goldman Sachs regarding risk and compliance oversight at its FinTech unit. The regulatory concerns raised by the Fed have prompted a halt in the acquisition of riskier FinTech clients by a division of Goldman Sachs’ transaction banking...

Barclays’ New Luxembourg Branch To Cater To Global Corporates
Banking // November 26, 2019

Barclays has announced the launch of a new branch in Luxembourg that will provide multinational clients with transaction banking services. The branch, to be led by Snorre Tysland, will offer corporates and financial institutions banking products that include cash management, debt, foreign exchange and trade...

KPMG On Technology Enabled Cash Management As Borders Blur
Banking // January 11, 2019

Cash management is both opportunity and challenge for banks as cross-border payments gain traction. Troy Hagey, strategy principal with KPMG, tells PYMNTS how technology can help banks bring an analytics-driven strategy to customers, break down intercompany silos and compete with FinTechs.

Interviews & Exclusives
KPMG On Technology Enabled Cash Management As Borders Blur

January 11, 2019
Cash management is both opportunity and challenge for banks as cross-border payments gain traction. Troy Hagey, strategy principal with KPMG, tells PYMNTS how technology can help banks bring an analytics-driven strategy to customers, break down intercompany silos and compete with FinTechs.

Quick Reads
Goldman Sachs Appoints Wells Fargo Executive Paul Camp to Head Transaction Banking

December 11, 2023
Goldman Sachs has reportedly appointed Wells Fargo executive Paul Camp as its new head of transaction banking. Camp will also become a Goldman partner, Reuters reported Monday (Dec. 11). He brings a wealth of experience to his new role, having served as the head of global treasury management at Wells Fargo and CEO of treasury services at BNY Mellon, according to […]

Goldman Warned by Fed Over FinTech Risk

September 01, 2023
The Federal Reserve has issued a warning to Goldman Sachs regarding risk and compliance oversight at its FinTech unit. The regulatory concerns raised by the Fed have prompted a halt...

Barclays’ New Luxembourg Branch To Cater To Global Corporates

November 26, 2019
Barclays has announced the launch of a new branch in Luxembourg that will provide multinational clients with transaction banking services. The branch, to be led by Snorre Tysland, will offer...