Bank of England’s Islamic liquidity announcement “a huge vote of confidence”
UK’s Islamic finance sector welcomes ALF announcement from central bank.
Banking
Modularbank lands €4m to set up UK commercial operations
The start-up claims to be cashflow positive since its inception.
Moov Financial raises $27m in Series A funding round
The latest round follows a seed round from August.
Deutsche Bank expands Google cloud partnership
Major German lender expands cloud usage to lending and retail banking.
Solving payments and card challenges with a platform approach
A platform approach improves efficiency and customer trust.
Singapore issues digital bank licences to Grab, Ant & Sea
The regulator has issued four licences, rather than five.
Bank of England selects Appvia for two-year cloud development scheme
Appvia wins selection process started in January 2020.
Auriga to manage Belgium’s new ATM network Batopin
Batopin was formed by four major Belgian banks.
Half of UK’s small businesses now use open banking, says OBIE
Open banking is speeding up account switches too.
Greek challenger Woli to launch “neobank for families” next year
The fintech is looking to Europe for its launch.
Wintrust Financial Corporation picks NCR tech
US bank holding company to deploy NCR at 180 locations.
Pockit raises over £500k in its debut crowdfunding
Pockit points to international expansion plans.
Shinhan Bank Vietnam goes live on Finastra risk platforms
Fusion Risk and Fusion Kondor deployed during the pandemic.
UK fintech Updraft raises £16m to refinance borrowers’ credit debt
The fintech focuses on spend-linked borrowings.
Video: Top fintech stories this week – 04 December 2020
FinTech Futures’ weekly news round-up.
Stripe launches BaaS-type service for merchants with top US banks
“[The] banking experience should be as easy as spinning up a virtual server.”
NAB poaches outgoing RBS exec Matheson as new COO
Les Matheson returns to Australia after an early career in the country.
Monzo lands another £60m from new backers
The latest funding still sees to leave Monzo at its £1.2 billion valuation.
Alpha Bank appoints new COO in Stefanos Mytilineos
Greece’s second-largest bank shifts things around at the top.
Banking for good
As the new kids on the fintech block start to mature, I do hope they support the broader community.
Web Summit 2020: A fintech summary
Stripe is looking at products around digital identity.
West Bromwich Building Society launches mobile app with Unisys
West Brom to deploy Elevate system underpinning new customer services.
CFTC marks 2020 as record year for penalties issued
US regulator issued a record number of notices this year, even as fines remain roughly the same
Sber partners with JP Morgan to pilot digital currency in 2021
Russia announced its new cryptocurrency law this year.
UK central bank unveils Islamic finance liquidity alternative
The central bank will run tests in early 2021.
African American Credit Union Coalition signs partnership with Fiserv
Fiserv to identify research and technology needs of AACUC members.
AI will explain it to you
Explainable AI removes removes the last barrier in entrusting transaction monitoring to algorithms.
Lloyds is world’s first bank live on Swift gpi instant
The payments network expects to roll out adoption across the globe.
Credit Suisse announces António Horta-Osório as new chairman
The outgoing Lloyds executive will join the Swiss bank in April.
Glitch-riddled TSB goes down again on payday
“[It’s] payday so it means that TSB online banking and app is down again.”
Lloyds pinches new CEO Charlie Nunn from HSBC
Nunn steps into new shoes at a chaotic time for any bank.
TransferWise nabs Australian banking licence from APRA
The restricted licence gives TransferWise access to the country’s real-time payments system.
Savings: the new battleground between challenger and incumbent banks
Reputation is taking a backseat when it comes to choosing where savers keep their money.
Principles for a global central bank digital currency and a single global payment system
The new global payment system should replace all current payment and settlement arrangements.
Central Bank of Sri Lanka picks SimCorp Dimension for reserve management
CBSL selected SimCorp as part of an ongoing revamp.
ABN Amro plans 2,800 cuts to investment banking and overseas divisions
Dutch lender rolls back operations to focus on home markets.
Solarisbank migrates entire infrastructure to AWS cloud
German BaaS provider claims to be first of its kind to make such a move.
How can banks regain consumer trust?
Twelve years later and we’re now in the midst of another global crisis.
JP Morgan and Lloyds considering acquisition of UK challenger Starling Bank
Pair of major banks interested in Starling Bank’s potential following profit announcement.
Banking Tech Awards 2020 hosted online by Tom Ward
Join comedian Tom Ward for the 2020 Banking Tech Awards. Broadcast online on 10 Dec, 3:30pm GMT and is free to attend.
