ABA unveils suite of core banking selection resources
US association continues campaign to diversify core banking market.
Banking
US challenger Bambu picks FIS Modern Banking Platform
Tennessee-based challenger bank plans to target the underbanked.
Investing app Stash lands $112m Series F led by LendingTree
This month Stash also surpassed $1 billion in assets and 4.5 million users.
Tide picks Mambu to power credit facilities and overdrafts
Tide is revamping its customer offerings and adding new functionality with Mambu.
Hungary’s central bank unveils first fintech report
The report recorded 110 domestic fintech companies as of 2018.
UK fintech Cash Coach set to gamify savings launches on app stores
The fintech will now look to raise up to £400,000 on Crowdcube.
Santander finalises £350m deal for majority share of Ebury
The Spanish bank purchased a 50.1% stake in the international payments and FX firm.
Temenos rolls out its Financial Crime Mitigation tool on Microsoft Azure
“The cloud is a big investment for us, as we believe it’s the future.”
Hanley Economic Building Society seeks technology refresh with DPR
The building society refits 25-year-old core systems.
NatWest Markets selects Dataiku for self-service analytics and machine learning
Investment banking firm seeks to improve customer experience and improve efficiency.
Bankers blindsided by £50K loan limit under UK bounce back scheme
Senior bankers had worked over the weekend on the basis that the ceiling would be £25k.
Mastercard-backed Trust Stamp spins out subsidiary AiiD Global
EXCLUSIVE: the new subsidiary will specifically develop solutions for emerging markets.
HSBC freezes redundancy plans as COVID-19 hits $6bn overhaul
London-headquartered bank releases Q1 earnings with stark warning for Europe.
Former Oracle VP Smedley joins Red Hat
Smedley joins IBM-acquired Red Hat after 18 years at Oracle.
Owning customer relationships is a key priority for banks in the era of open banking
The number one concern, unsurprisingly, is ensuring online security.
Deutsche Bank signs 2028 contract extension for Avaloq tech
Swiss vendor will provide BPO services foe Deutsche until 2028.
US banks roll back lending to European companies
“We are increasingly observing an ‘America first’ attitude among large US banks.”
Russia’s VTB set to expand C2C to 160 corridors by Q3
Currently its C2C service is available in 20 countries.
NatWest taps Lloyds exec Jen Tippin for chief transformation role
The new hire is set to go through in late 2020 following regulatory approval.
Northern Trust hires Alison Pain as new EMEA CTO
Pain joins from Deutsche Bank and will lead Northern Trust’s EMEA tech ops.
Nigerian open banking fintech Okra raises $1m from TLcom
“We’re opening the door to another level of innovation,” says founder.
Capital on Tap integrates TrueLayer to boost SME lending service
Capital on Tap has also created new services to aid COVID-affected businesses.
Cross River Bank raises $100m in Series C funding
The latest round will see Cross River Bank offer tech to venture capital firm in Malaysia.
Revolut loses two more financial execs a month after losing CFO
Both leave the bank after 12-month tenures.
RBS unveils ‘companion card’ to help vulnerable customers during lockdown
The card has a £100 limit which can be refreshed every five days.
Video: Top fintech stories this week – 24 April 2020
FinTech Futures’ weekly news round-up.
Barclays launches CLBIL scheme amid coronavirus
Barclays is extending its support to businesses not covered by CBILS or CFF.
Portuguese government gets one step closer to approving fintech sandbox
The sandbox is part of the government’s Action Plan for Digital Transition.
University of Oxford & Mastercard team up on cyber skills programme
It will feature research, content and data from renowned academics and industry leaders.
Webinar: Swift gpi is a chance for payments modernisation
Opportunities beyond meeting the minimum exist for banks embracing gpi.
Monzo applies for US banking licence
Monzo applied to the US OCC for the licence on Monday.
Temenos rolls out AI models to help banks lend quicker during coronavirus
“Our AI can expedite accurate decision making and help the front line staff,” says Temenos.
Will America’s second round of PPP avoid mistakes of the first?
Roughly 80% of PPP applicants are still waiting on loans, says NFIB.
Saudi Arabia’s fintech sandbox welcomes nine more start-ups
The sandbox is home to 30 fintechs.
Yemen’s Al Kuraimi Islamic Bank selects Temenos for digital banking
KIB currently serves 1.2 million customers.
Three US credit unions pick Bankjoy for mobile and online banking
The three institutions hold a combined $280 million.
Nordic API Gateway lands $5m from Danske Bank and DNB
The fresh capital will initiate an “aggressive growth” plan to achieve pan-European coverage.
The future of commercial lending lies in leveraging AI to enhance humans
Humans have been completely removed from the decision workflow and replaced by technology.
The in-between places
#LedaWrites has given me an expansive place where I could reflect, peel back and grow.
Paytm Payments Bank partners with Mastercard for physical card rollout
Beta users of the bank will be first to receive the new cards.
