JP Morgan integrates Bloomberg’s AIM in post-trade partnership
Two firms hope that post-trade processes can be “transformed”.
Banking
Getting reconciliation right in the “decade of data”
FinTech Futures sat with Douglas Greenwell, reconciliation expert at Duco.
Video: Top fintech stories this week – 29 May 2020
FinTech Futures’ weekly news round-up.
Introducing FinTech Features – showcasing the best in fintech on 30 June
A new digital platform for the financial services professionals to learn about the latest technologies and solutions.
Starling Bank lands £40m from existing backers
The round was led by JTC and Merian Chrysalis Investment Company Limited.
Bank of Cyprus goes live on HPS PowerCard system
HPS has replaced two systems from ACI Worldwide and Bevertec.
Meniga lands $9.4m from Groupe BPCE, UniCredit and Crédito Agrícola
Groupe BPCE has been one of Meniga’s largest customers since 2018.
TSB partners with Adobe and saves on 15,000 branch visits
The bank has spent 8 weeks digitising 80,000 customer interactions.
Deutsche Börse signs market data deal with Chinese firm Wind
German exchange wants to grant Chinese investors greater access to European markets.
KfW completes multi-year deployment of FIS Ambit Focus
German state-owned development bank KfW has completed a multi-year implementation project with FIS. The bank chose the FIS Ambit Focus asset and liability management platform for its market and liquidity risk controlling. According to FIS, the new solution provides the bank with a central data source for measuring, monitoring and reporting on market and liquidity […]
Webinar: Balancing the IT compliance and innovation agendas in financial services
Join Dell Technologies, WWT and FinTech Futures on Thursday, 4 June.
Samsung unveils ‘Samsung Money’ with SoFi
User deposits will be FDIC insured for up to $1.5 million.
Banco Itaú International picks Temenos Infinity to revamp wealth management
The Brazilian financial group is revamping its international and Swiss operations.
India’s central bank says there are no curbs for banks to serve crypto traders
“No such prohibition exists” for banks, says regulator.
InvestCloud kicks of digital transformation at Siebert Financial Corp
US broker-dealer aims for a front-to-back change.
Standard Chartered to launch new savings product, calls for help from fintechs
The bank has set a ‘challenge’ for start-ups on its ‘Fintech Bridge’ network.
China’s largest bank rolls out more deposit services with Alipay
Alipay has been collaborating with ICBC since March 2005.
GoBear lands $17m to accelerate transition into “full-fledged” financial service
The fintech first launched in 2015 as a metasearch engine.
Dubai fintech Jingle Pay to launch digital banking in UAE
The start-up brands itself as a ‘Super App Neo Bank’.
JP Morgan to deploy Calastone tech for automated settlement
The partnership marks an industry first, according to JP Morgan and Calastone.
India among major markets to see increase in ATM usage over 2019
Research suggests ATMs are still popular tools for financial inclusion.
San Francisco neobank Aspiration raises $135m in Series C round
The socially conscious fintech plans further growth with cash injection.
Connect First Credit Union appoints former ATB exec as new COO
Wellington Holbrook promised earlier this year he wouldn’t be moving far.
Challenger bank Lunar partners with Danish esports firm Astralis
Denmark and Sweden lead European esports usage.
UBS to set up fintech venture fund to speed up its digitisation
The bank will make investments between $10 million and $20 million.
Hyundai Capital America goes live with Sopra’s Cassiopae
Californian captive finance firm completes 15-month project.
Unibank completes processing stage of TranzAxis migration
Azerbaijani lender is ploughing through a multi-stage move to Compass plus system.
How failure to embrace the cloud could be the end of Wall Street as we know it
This mindset betrays a fundamental misunderstanding of how cloud technology providers operate.
Bank of India selects Uniken REL-ID to secure digital channels
Two firms extend decade-long systems partnership.
Pacific National Bank launches digital challenger Facile with Nymbus
The bank is using Nymbus’ SmartLaunch technology.
The Bancorp announces release from consent order
Restrictions related to growth within The Bancorp’s Payments businesses are removed.
South Korea’s fintech sandbox lands $110m and creates 380 jobs
Fintechs can be exempt of regulations for up to four years.
Budgeting strategies for government stimulus payments
Suggestions for how households could maximise the impact of their payments.
Video: Top fintech stories this week – 22 May 2020
FinTech Futures’ weekly news round-up.
Major banks assess COVID-19 working from home policies
A list of how some major banks are responding to COVID-19 remote working policies.
Ecommerce platform Shopify to launch ‘Shopify Balance’ for businesses
The account offering will land in the US later this year.
Banking for kids fintech GoHenry unveils biodegradable card
The card is made up of 82% bio-sourced renewable materials.
Raisin launches deposit solutions for US banks and credit unions
The fintech wants to help US retail banks offer personalisation.
Brazil introduces open banking with UK fintech Ozone and TecBan
Phased implementation will start in November 2020.
Revolut Business integrates with Clear Books for UK users
Clear Book’s bank feeds will refresh four times daily.
