Bank of Thailand launches “world’s first” blockchain platform for bond issuance
IBM acted as a technology partner with its IBM Cloud.
Banking
Goldman Sachs to buy General Motors’ credit card portfolio
Goldman reportedly beats Barclays to nab consumer credit pool worth $8.5bn.
Goldman Sachs-backed Kaspi revives London IPO plans
The fintech holds a 65% market share of Kazakhstan’s digital payments flow.
The value of 20/20 hindsight
Anders la Cour, co-founder and CEO of Banking Circle, examines the lessons of 2020.
Sibos 2020: Industry has widespread “dissatisfaction” with transaction monitoring
Costs, compliance and confusion need to be solved by new technology, says panel.
Japan’s NEC buys Swiss core banking firm Avaloq in $2.2bn deal
Major investor Warburg Pincus currently owns 45% of Avaloq.
Nexi and SIA seal €15bn mega-merger to form “Europe’s largest” payments provider
The two have around two million merchants, and around 120 million cards.
Starling Bank launches online portal due to “customer demand”
Balance updates, standing order controls, and savings goals come as standard.
Sticking their necks out
Until now, no established, Black-owned, UK-founded bank has existed.
B-North raises £1m in ongoing Series A funding round
Manchester-based firm plans full launch for later this year.
Monese picks Thought Machine’s Vault to revamp core banking systems
Monese picks Thought Machine’s Vault to revamp core banking systems.
UK mortgages & savings: witnessing a digital transformation
There’s a clear demand in the UK market for a proven technology provider.
Sibos 2020: Chinese central bank processes CBDC worth $162m in 2020
Some 113,300 personal digital wallets have been opened.
Daily News at Sibos 2020
Download your free copy of the Sibos supplement today!
Digitalisation Component Framework: an inside-out approach to digital transformation
Discover new areas where automation can be implemented & improve efficiencies without replacing existing systems.
Sibos 2020: JP Morgan CEO tells banks “don’t outsource your soul”
Jamie Dimon believes plenty of outsourcing firms “have no idea what they’re doing”.
Sibos 2020: Finastra steps out of big bank payments bubble with smaller bank offering
“In Europe, these [smaller] banks are the vast majority.”
Sibos 2020: Banking Circle launches POBO and COBO payments transparency solutions
The solutions are available globally through Swift, Faster Payments, CHAPS, SEPA and local clearing.
Temenos hires Roger Klantschi as EVP for Americas
Former Infosys veteran joins Temenos to build on US drive.
French firm Idemia launches green cards for banks
“We’re now trying to change the paradigm to reusable tech,” says Barrot.
Barclays appoints Taalib Shaah as new group CRO
Shaah joins from the bank’s international division.
A sector ready for change
The Black community has been fighting for change for many years, often falling on deaf ears.
Video: Top fintech stories this week – 02 October 2020
FinTech Futures’ weekly news round-up.
Banks’ rapid digitalisation leaving compliance teams in “no man’s land”
Regulators need to understand the challenges facing compliance teams.
ING consolidates innovation arms into ING Neo, Legrand to step down
ING’s Annerie Vreugdenhil is set to head up ING Neo come January 2021.
South African association predicts the death of the cheque
PASA says it’s willing to help banks make the transition.
US associations go after OCC’s payments charter in critical letter
The OCC is currently in the swings of introducing another special purpose national bank charter.
The cloud promises unprecedented agility, and the time to create a roadmap is now
To gain the agility to compete in the modern banking environment, build and invest with the cloud in mind.
Can financial technology help reduce inequality?
Decisions made by algorithms can have a detrimental effect on people’s lives.
Swift launches project for “brilliantly simple” SME cross-border payments
The messaging and infrastructure network makes next step in new strategy.
Personalised banking – delivering moments-based customer experience
Proven ways for banks to improve personalised experiences, withith insights from Forrester, PWC and Gartner.
N26 snaps up ex-Dropbox exec Adrienne Gormley as new COO
New COO Gormley will head up N26’s global customer service.
Argentina’s money management app Ualá launches in Mexico
“It’s a much better product than we had in Argentina [upon launch],” says the CEO.
Alkami Technology closes $140m funding round
The cloud-based digital banking firm has raised $378 million to date.
National Australia Bank pens merchant acquiring deal with Pollinate
The deal also sees NAB invest in the London-based fintech.
AmEx and Amazon launch co-branded credit cards for UK SMEs
The programme targets businesses with less than $10 million in annual revenue.
Old dogs, new tricks and procurement
It’s time for the banks to work together to standardise their onboarding processes and documentation for fintechs.
Jobs of the week: four exciting fintech roles you can apply for right now
FinTech Futures Jobs: featuring vacancies at Monzo, OakNorth, BNY Mellon and more!
JP Morgan-backed Greenlight joins unicorn club with $215m Series C
The start-up says the new funding will be used to push its customer growth further.
Jumio acquires Beam Solutions’ AML technology
Identity firm plans to boost its KYX platform.
