Monzo takes another shot at paid current accounts
The paid-for current account is priced at £5 a month.
Banking
HSBC signs multi-year cloud deal with AWS
Amazon Web Services is to become a “long-term strategic partner” for HSBC.
Monese and Paysafe sign digital banking partnership
Monese customers are able to use Paysafecash with their accounts.
Zambian mobile wallet Zazu launches virtual card
Zazu pivoted to digital banking in 2017.
White paper: Rearchitecting and simplifying post-trade operations
How cloud and innovative tech adoption can help overcome challenges in post-trade operations.
Privatbank’s CEO talks turmoils and turnarounds
In 2019, the bank’s net profits jumped by 2.5 times.
Barclays launches robo-advisor for £5k investments with Scalable
The service is called ‘Barclays Plan & Invest’.
Nymbus signs partnership with Payrailz
The two firms will work to enhance Nymbus’s product ecosystem.
US COVID-19 relief scheme deploys Wolters Kluwer tech
iLien for Main Street can aid banks offering support under the Main Street Lending Program.
Co-operative Bank’s digital arm Smile goes down for days
Smile has around 100,000 customers.
Viva Wallet selects ClearBank as UK banking provider
Viva Wallet bought a Greek neobank back in January.
The changing landscape of banking
Choosing the right partnerships is critical to success and the right banking technology partner is crucial.
Head in the clouds
Most financial services firms have a cloud journey roadmap.
Why there’s no slowdown in SaaS
How SaaS reconciliation tech can help banks to properly process and control mission-critical transactional, operational and reference data.
What the Fintech? Episode 9 | Open banking: entering the mainstream
Coconut CEO, Sam O’Connor, shares his insight on the Plaid and Finicity acquisitions.
LA neobank Aspiration plants 1m trees in three months
The scheme launched in mid-April.
China Bohai Bank plans IPO worth $1.7bn
Chinese commercial bank buoyed by good 2019 results.
Marqeta plans 2021 IPO
The Oakland, California firm is tapping up investment banks.
United Federal Credit Union opts for Fiserv DNA
Michigan-based credit union plans to switch its account processing.
Wells Fargo mulls job cuts amid loan losses
The major US bank is looking at a strategic overhaul.
Metro Bank snaps up former Co-operative chief risk officer
Richard Lees will join Metro after four years at his current employer.
Lloyds partners with Swedish fintech to offer subscription management
The bank is currently in pilot stage.
Savings app for first-time house buyers Nude is raising £3.5m
The start-up is applying for a UK banking licence.
RBC commits CAD 150 million to diversity push
It aims to increase the proportion of non-white executive hires to 30% from 20%.
LemonTree Software aims to disrupt back and middle-office systems
Its CCO speaks to FinTech Futures about the firm’s one-platform and auto-code approach.
Major Dutch banks launch AML joint venture
Rabobank, ING, ABN Amro, Triodos Bank, and de Volksbank make AML move.
Singapore’s ADBC signs MoU with Tencent Cloud
New Singapore bank plans cloud boost.
Web browser Opera to buy digital challenger Fjord Bank
In December 2019, the digital challenger landed a specialised bank licence.
ING appoints ex-Google and Confused.com exec as Yolt CEO
Weng Kan led Google’s attempt to edge into the insurance market in 2015.
Taulia to raise $60m from Ping An Insurance and JPMorgan
The finding could peg Taulia’s valuation at $400m.
SoFi files banking charter application with OCC
The $4.3 billion fintech wants to take another crack at banking.
Ziraat Bank Greece switches to Natech banking suite
Ziraat’s new tech – Natech Core Banking CSB2 and Poseidon AML – reduced IT costs and operational complexity.
Five ways it pays to go beyond ID-only verification
Identity verification serves many benefits to organisations seeking to build trust in their online channels.
Why remote onboarding is going to make or break banks
A number of onboarding steps can be automated, streamlined and simplified to deliver a better customer experience.
Video: Top fintech stories this week – 10 July 2020
FinTech Futures’ weekly news round-up.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
ClearBank hires new CFO and CIO
UK clearing bank adds two to executive ranks.
HSBC France to cut 38% of global banking and markets jobs
It’s seeking to cut 255 of 678 jobs by the end-2021 as part of a broader plan to reduce costs.
Bankjoy signs up two new credit union customers
Bankjoy has announced nine new CU customers in 2020 so far.
ASB Bank replaces legacy trade finance system with CGI’s Trade360
The New Zealand bank is deploying the platform on the cloud.
