ING Belgium deploys Minna Technologies’ subscription manager
ING Belgium has roughly 1.8 million digital banking customers.
Banking
solarisBank lands $67.5m in Series C round
The funding was led by German VC firm HV Holtzbrinck Ventures.
IDnow hopes to bring video authentication to UK banks’ onboarding
Customers include Commerzbank, solarisBank, N26, and UniCredit.
HSBC wants to double mobile users by 2022
The bank wants to generate more revenue per customer.
SEB fined $107m by regulator for Baltic AML failures
The Swedish bank failed to identify risk among its subsidiaries.
Why every company will soon be a fintech company
Why companies that have nothing to do with finance will get into financial services.
US regulators relax Volcker Rule restrictions
Major US banks allowed to unlock wider range of investment options.
Report: Five success factors for an ideal ISO 20022 migration
ISO 20022 represents an opportunity for banks to reinvent the way they operate.
Curve gets services back online over weekend
The fintech is still working on third party digital wallet usage and refunds.
Uber presses pause on financial services play
Uber Money head Peter Hazlehurst is leaving the ride-hailing giant.
ING taps Expert System to boost back office automation
The Dutch bank is aiming to improve its application of RPA.
BNY Mellon extends Azure partnership to boost ESG investment
The US bank has launched three new data and analytics tools.
Adverse media screening: a key pillar of financial crimes compliance
Can we leverage AI to enhance the effectiveness and efficiency of adverse media screening?
FinTech Futures and Jobbio team up to launch FinTech Futures Jobs
Launching an exciting new jobs board for the global fintech community.
Video: Top fintech stories this week – 26 June 2020
FinTech Futures’ weekly news round-up.
UnionBank to tap rural Philippines with 11,000 remittance counters
70% of Filipino adults are still unbanked.
Lanistar partners with Jumio ahead of “polymorphic” debit card launch
Lanistar landed a $2.5 million seed investment in March.
Privitar receives $7m investment from HSBC
HSBC is expanding its strategic relationship with Privitar.
Chinese lenders suffer two bank runs in a week
China has relied on these local lenders amid the coronavirus crisis.
White paper: The biggest threat to the financial services industry is BigTech
A guide to navigating technology challenges while avoiding common, costly pitfalls.
“Operational efficiency” report ranks US commercial banks
Charles Schwab Premier Bank and Bank of America California scored highly.
OBIE UK’s open banking body launches app store
The launch date was moved up because “open banking can make life easier in lockdown”.
OCBC sets new SGD 25bn sustainable finance target
OCBC will focus on industrial and geographical diversification to reach its “25-by-25” target.
Memo Bank launches business offering and lands €20m
The funding round was led by Paris-based BlackFin Capital Partners.
Railsbank signs on Hong Kong fintech Statrys
Open banking platform continues expansion in Asia.
Samsung chooses Curve to power its new Samsung Pay Card in UK
This is a one of a kind partnership for Curve and Samsung.
Zopa lands UK bank licence, set to launch credit card and saving account
The company announced its plans to become a bank nearly four years ago.
Mastercard set to acquire Finicity for $825m
This follows a similar acquisition of Plaid by rival Visa in January.
Why UK challenger banks haven’t taken on the insurance market
“The insurance community is not necessarily responsive to change,” says insurtech CEO.
Credit Sesame’s banking service uses i2c payments platform
More than 200,000 users have opened a Sesame Cash account.
Emrys La Carte picks FSS Technologies for card issuance
French cooperative to replace paper-based system.
FCA prepares shift to new data collection platform RegData
This is in response to industry feedback about the Gabriel system over the past three years.
LSE-Refinitiv merger under competition spotlight from EC investigators
The European watchdog has concerns about the $27bn merger.
Liquidity risk COVID-19: big vs small data
Banks must be prepared to perform deep due diligence on their credit lines and loan books.
Cloud banking provider nCino files for IPO in US
nCino plans to raise $100 million in its IPO.
Intesa Sanpaolo pushes for UBI Banca acquisition
The verdict next month will reveal if the acquisition can go ahead.
Bank of England apologises for role of former governors linked to slave trade
British taxpayers have been paying off slave owners from 1833 to 2015.
UK challenger Picnic Bank to address ‘fintech for good’
The start-up is looking to raise £5.5 million.
Thought Machine taps Cognizant for new managing director
Mark Vasey joins core banking company from consulting firm.
FCA appoints LSE chief Nkihil Rathi as new CEO
Chancellor Rishi Sunak called Rathi “the outstanding candidate”.
