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Banking
Mode CCO: Alipay success can be replicated in the UK
With an IPO looming, Mode has got a busy year of business ahead of it.
Tech Nation’s third fintech cohort challenges London bubble
“What was striking is the increase of such businesses set up outside London and by women.”
OCC issues guidance on US banks’ stablecoin activities
The US regulator issues clarification for FIs dealing with crypto.
Yandex plans $5.5bn acquisition of Russian neobank Tinkoff
Russian tech giant plans to snap up the country’s largest online bank.
Goldman Sachs launches transaction banking service with Volante
The new cloud-based system is an “industry first” according to the pair.
Knowing how the story ends
“Where do I begin?” If you have ever asked me, you know my answer is always the same: in the middle.
Standard Chartered launches Mox Bank in Hong Kong
The virtual bank uses Thought Machine’s core banking system.
Live Oak Bank deploys Finxact core for deposits and loans
The US lender picked Finxact in 2018 to revamp its core systems.
UK challenger Kale99 launches to provide digital banking with a CX twist
New fintech aims to copy the rapid growth of its vegetational namesake.
Thought Machine lands ex-HSBC exec Andy Maguire as chairman
The appointment is yet to be announced officially.
Volt Bank partners with Microsoft to launch BaaS platform
Volt aims to provide retailers and incumbent banks with digital banking services.
Ireland’s An Post launches new app to take on Revolut
By 2025, An Post wants to hit one million customers.
Gaming friendly challenger Xace lands FCA licence
The start-up is active in both the UK and wider Europe.
Challenger Envel plans “autonomous” banking with Autumn launch
The fintech claims it will “optimise” users’ money.
Revolut faces lawsuit in Romania over blocked account
Revolut faces 3,911 complaints so far this year, as compared to its 2,487 for the whole of 2019.
Sustainability fintech Helios aims to reduce users’ carbon footprints
French fintech wants to help users reduce the impact of their spending on the planet.
UK challenger Samie to launch in 2025
The start-up claims it hit the 500,000 future customer mark in mid-2019.
Black-led UK challenger Atmen is raising half a million
The fintech will launch within six to eight weeks of closing its crowdfund.
ClearBank offers multi-currency accounts through JP Morgan API
UK clearing bank claims to be the first of its kind to provide the service.
Five techniques for financial institutions to build and protect their digital reputation
How to protect the distinctive brand values that set you apart from the competition.
Leaked FinCEN files show banks allowed $2trn in suspicious transactions
Major leak of suspicious activity reports shows “mind blowing” scale of money laundering issues.
CaixaBank and Bankia confirm merger creating Spain’s largest lender
For every Bankia share, CaixaBank will exchange 0.6845 newly issued shares.
Video: Top fintech stories this week – 18 September 2020
FinTech Futures’ weekly news round-up.
FinovateFall 2020: Banking-as-a-Service shows industry’s future value
A panel of bankers discuss the potential of opening up to customers.
Angolan National Bank and Beta-i create fintech regulatory sandbox
The sandbox is set to open four batches, each composed of 10 selected projects.
Allica Bank plans £100m funding round after £26m injection
UK challenger plans for future growth and acquisitions.
Somalia’s Amana Bank selects Path Solutions for Islamic core banking
Amana Bank selects iMAL to fuel digital transformation.
Destination public cloud
It is estimated that global public cloud revenues will grow by about 17% this year.
Kids are banking’s future NOW
I’m just saying there is an opportunity to learn how to “gamify” banking today.
BankingTech Awards 2020 – call for judges
Join our all-star judging panel!
FinovateFall 2020: Customer trust will test the new digital normal
Panel wonders if consumers will stick with digital solutions post-pandemic.
Barclays-backed Team8 launches fintech foundry with ex-Leumi CEO
The foundry’s first company will evaluate credit risk for ecommerce firms.
Citigroup restarts job cuts after coronavirus pause
US lender plans big infrastructure changes in the final months of the year.
SEB combines personal and business finance to launch Unquo
The new venture is spearheaded by Christoffer Malmer, head of SEBx.
US neobank Chime set to more than double in value to $15bn
The new valuation would pit Chime ahead of Brazilian neobank Nubank.
Under pressure
Principles are the sort of substance that doesn’t bend under pressure.
FinovateFall 2020: The one-app strategy is unit banks all over again, says Google
Network centrality isn’t new to banking, says Google Cloud head.
Citizens Bank app bombarded with bad reviews as tech update goes awry
US bank experiences avalanche of bad feedback over mobile changes.
Subaio launches outside Nordic home with ABN Amro
To date, the 25-person fintech has signed contracts with seven banks.
