FCA to review data and analytics in wholesale financial markets
UK watchdog calls for input on market use of advanced analytics.
Banking
San Fran money manager Empower Finance lands $20m Series A
“There’s growing demand in the market for financial knowledge to be more practical,” says CEO.
Aussie neobank Hay chooses Mambu’s cloud banking platform
Mambu landed two other Asia-Pacific deals this month.
Standard Chartered unveils new Hong Kong challenger bank Mox
The bank’s card will be numberless to prevent fraud.
OakNorth Bank’s profits nearly double in 2019 but growth slows
The SoftBank-backed lender did see a slow down in its total loan facilities.
FirstBank picks Finxact to replace 35 year-old core banking system
Colorado-based bank is among early takers of Finxact’s core banking system.
Family finance app Jassby raises $5m, anticipates $20m round later this year
CEO says rounds will drive fintech closer towards 1 million users within a year.
Tandem lands funding, tipped to buy “green” lender
The bank is set to announce “the acquisition of an established ‘green’ lending business”.
SIX picks Know Your Customer to support supplier risk calculations
Maintaining due diligence on market participants a high priority for SIX.
Challenger bank Copper latest to tap America’s teens
Copper is yet to reveal its launch date but has opened a waiting list to teens.
Aruba’s banks switch to instant payments with equensWorldline
The digitisation of payments has been “a challenging project” for the island.
GFH buys 70% stake in MENA payments fintech Marshal
Marshal has a 85% market share across the United Arab Emirates (UAE).
Banking Technology March 2020 issue out now
Keep calm and carry on: Where does COVID-19 leave the Chinese fintech market?
“If you want it, go get it!”
Nancy Butler at B-North, shares her experience in banking this international women’s day.
Can fintech eliminate credit discrimination?
Even the strictest laws can’t eliminate the inherent impression the credit manager forms.
HPS to provide QR-based payments system in Saudi Arabia
Payments firm tapped up by Saudi Arabia’s Monetary Authority.
Banks test disaster recovery sites and send staff home amid coronavirus
Senior bank execs are concerned about broadband capacity at their employees’ homes.
Vantage Bank Texas signs up Backbase to revamp digital banking
Texan back seeks consolidation under one system following 2018 merger.
Money management app Emma bags $2.5m in seed funding
The fintech connects users’ bank accounts under a single dashboard.
US challenger Branch partners Cardtronics to offer fee-free ATM service
Minneapolis-based Branch expands fee-free network.
Ikano Bank builds on Nets partnership to power new lending platform
Ikano plans to launch products on the new service later this year.
Starling Bank amps up advertising efforts with Team GB win
The bank is offering every British athlete an account with £100 in credit.
Mambu to power Australian credit firm Nimble
Nimble is switching up on its tech to power digital bank aims.
White paper: Temenos recognised as a leader in the Forrester Wave™ for digital banking engagement platforms
Convincingly broad off-the-shelf capabilities for supporting channel-specific retail, business and corporate banking.
Visa partners with Clinc to offer clients conversational AI
The Michigan-based firm serves 35 million end users.
Financial regulators address the economic & operational effects of COVID-19
Regulators across the globe issue statements addressing coronavirus precautionary measures.
Standard Bank shifts SAP core system to Microsoft Azure cloud
South African bank’s “Project Embrace” kicks off with a core switch.
Virgin Money Australia picks Temenos Transact as new core system
Parent firm Bank of Queensland kicks of digital transformation plan.
Barclays makes cuts affecting more than 1,000 staff
Technology and operations teams will be hit hardest.
Dzing challenger bank launches beta in UK
It has been in the works since October 2018.
Fiserv acquires long-standing partner MerchantPro Express
The two firms have held a partnership since 2009.
Australian neobank Xinja launches $33m Series D with customer buy in opportunity
The challenger is offering a minimum investment of AUD 20,400 ($14,000).
The closet of shame
Everything that goes wrong in a bank, big or small, gets put neatly away in the closet of shame.
Nationwide picks AutoRek for reconciliation and data management
AutoRek to help Nationwide “face into the future.”
Starling Bank looks to Irish banking licence for European expansion
The challenger bank has been aiming for an Irish licence since last year.
ATB Financial’s digital bank Brightside launches in Canada
The neobank is focused on “making saving easy”.
First State Bank makes account processing switch with Fiserv
Illinois-based bank looks to improve efficiency following acquisitions.
How AWSM Bank plans to turn teenage financial literacy into a reality
The neobank is “very close” to its Q2 launch this year.
Jack Henry gets three-in-one deal for SilverLake with New Hampshire Mutual Bancorp
Three banks have migrated or will be migrating to cloud hosted SilverLake system.
Vietnamese bank MSB picks Mambu for digital transformation
Mambu aims to make MSB the first cloud-native bank in Vietnam.
