Vantage Bank Texas signs up Backbase to revamp digital banking
Texan back seeks consolidation under one system following 2018 merger.
Banking
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.
Digital Risks raises $10.4m in Series A funding round
SME insurance firms plans to triple its headcount in 2020
Thought Machine completes $83m Series B funding round
Core banking vendor plans to use the capital to expand into new markets.
FCA warns Deutsche over repeated compliance failings
The bank’s tardiness in notifying affected clients and regulators led to concerns.
Capital One announces US branch closures
37 branches are set to be shuttered by the company as customers go digital.
Allied Irish Banks sells remote ATM network to US-based Brink’s Company
Brink’s will deploy its Point Cash solution to the purchased machines.
NatWest CDO Frans Woelders set for Danske Bank move
Woelders will join former colleague Chris Vogelzang at the Danish banking group.
The allure of omnichannel: New functionality, seamless SMB journeys
With the right software in place, the ATM can play a new role.
Broadridge completes FundsLibrary acquisition
Regtech firm to be incorporated into Broadridge FundAssist.
JP Morgan hires Capital One’s Gill Haus to lead digital technology
Gill Haus starts this week as head of digital technology for the consumer bank.
Nationwide leads race for £1.9bn Sainsbury’s Bank deal
An agreement had yet to be finalised but a transaction could be struck in the coming weeks.
Eileen Serra joins Capital One board of directors
She will stand for election by Capital One shareholders in April 2020.
Canadian challenger Neo Financial plans 2020 launch
Neo plans a credit card and rewards-based savings.
Dissecting banking technology trends in 2020
This year will be one of continued disruption and evolution in banking technology.
Bank of Japan governor calls for digital currency caution
Masayoshi Amamiya warns central banks not to “jump immediately.”
UniCredit finds two new partners in Tel Aviv’s PayKey and equensWorldline
PayKey is a social app payments integrator, and equensWorldline a pan-European payments processor.
Monese set to make 30 employees into millionaires
This is expected after its next fundraise which will value the neobank at £1bn.
Poland’s digital banking provider Efigence talks private over public cloud
“Banks don’t want to invest in infrastructure when they don’t need it,” says CTO.
