ING pumps brakes on digital banking plans, plans 1,000 job cuts
Dutch bank forced to pull back on widespread CX changes after €140m already spent.
Banking
Lloyds plans 1,040 job cuts to back office support staff
The figure brings Lloyds’s total cuts to 1,900 this year.
UMassFive College Federal Credit Union goes live on Fiserv’s DNA
Fiserv EVP praises the credit union’s “commitment, dedication and efforts”.
Barclays gets 198 applications for Black founder tech accelerator
“I recognised there was more that we could do, and my employer completely backed me.”
UK challenger Witty builds out tech stack with Oracle
The start-up already has some 25 employees.
UK banks and challengers ranked: from on-boarding to app functionality
We use an analytics platform to figure out which UK banks are giving their customers the best service.
FinTech Futures Jobs: five jobs you can apply for right now at these fintechs in Europe
Featuring vacancies at Cleo, Monzo, OakNorth, and more!
Santander launches money manager with Tel Aviv fintech Personetics
Santander claims its UK app has 4 million monthly active users at present.
Nordic Capital acquires RegTech from BearingPoint
Private equity group plans to boost RegTech’s international footprint.
Oracle gains new Flexcube deals in Middle East and Africa
Technology vendor signs a selection of new clients.
Oracle wins first client in Guatemala with Banrural
Banrural has selected a host of Oracle systems and platforms.
Ziglu hires Monzo’s James Sullivan as chief legal officer
James Sullivan worked as Monzo’s head of legal for one year and nine months.
Allica CPO says incumbents and fintechs still neglect some SMEs
“The decline of branches is synonymous with decline of relationship banking,” says CPO.
FinTech Wales appoints IBM vet Sarah Williams-Gardener as CEO
Williams-Gardener is also a founding member of Starling Bank.
Egypt’s AAIB finally goes live with Temenos after five years
AAIB signed the deal with both Temenos and IBM back in 2015.
Indian start-up Payzello combines debit, credit and forex into one card
Payzello was founded by 26-year old college dropout, Pruthiraj Rath.
US financial literacy app Jassby plans virtual debit card for kids
The Massachusetts-based fintech wants to help parents teach their children about finance.
UK challenger Strive launches waitlist for family-focused account
The details of the all-stock deal were not disclosed.
Chime’s app goes down for a day as users complain of rejected purchases
“We are currently experiencing intermittent outages,” Chime said.
UBS launches fintech investment portfolio UBS Next with $200m to burn
UBS’s new venture is aiming to invest across the fintech ecosystem.
Jamaica National Bank announces full UK launch
The bank has had a representative office in London since 1988.
Deepfakes in finance: a threat to be wary of?
Fraudsters are turning to synthetic identities to open new accounts.
ECB blames Target2 outage on third-party vendor
The outage was not prevented by the failover solution in place.
US challenger Bella plans launch around conversational banking
Bella offers a range of consumer-friendly options, including gifts and randomised cashback.
TrueLayer nabs former Amazon and AmEx exec as new CPO
Ossama Soliman joins TruLayer as its new chief product officer.
Boutique wealth manager CWPW launches in UK
CMPW is taking a “hybrid” approach, of both AI and human interaction.
Engage, empower and advance: Black voices in venture capital
Co-founder of BLCK VC and Storm Ventures associate, Frederik Groce, is on a mission.
Sustainable banking app Novus launches website and waiting list
The new app promises to help users lead a better lifestyle.
New US challenger Flyp targets excluded communities
The neobank aims to provide the same service as big banks without the fees.
Bahrain’s Tarabut Gateway brings its open banking platform to UAE
Tarabut Gateway is also opening two new offices, one in Abu Dhabi, and one in Dubai.
Capital requirements can impede innovation, says panel
One member of the panel thinks the FCA should look into its capital requirements.
A banker goes a-banking, volume 7: why can’t we be friends?
What 15 years of digitisation & modernisation have gotten us from the consumer’s point of view? It’s not looking great.
HSBC could start charging for “basic banking services”
It reported a 35% fall in pre-tax profit during the third quarter of the year.
Prospa sets out to serve global diaspora of African entrepreneurs
The start-up’s sweet-spot customers are entrepreneurs and micro-SMEs.
Neobank Vybe plans 300,000 new customers in UK and France
Vybe’s CEO claims the challenger already has 950,000 people signed up and ready.
Money management fintech Yatta emerges in Dublin
Yatta promises to help users navigate the “complexities” of financial decision making.
How banks can be supported to achieve full open banking adoption
Choosing a partner to move forward with can be difficult.
Monte dei Paschi ex-boss and former chairman sentenced to jail
The three former execs were ordered to pay damages claimed by some of the bank’s savers.
Cashfac: Fully automate your escrow accounts solution
Driving customer satisfaction through your escrow accounts solution.
HSBC to cut up to 300 jobs in UK commercial banking unit
The cuts are part of a wider restructuring announced in February.
