Chinese regulators planning digital banking go-ahead
New set of rules could see a bevy of digital challengers in China.
Banking
US challenger Unifimoney signs integration deal with UMB Bank
US challenger inks deal with UMB for account infrastructure.
ICICI Bank launches portal with around 250 APIs for fintech devs
The bank offers four times the amount of APIs launched by Yes Bank last year.
Union Bank picks FIS to underpin digital transformation
MUFG-owned bank the first user of new FIS platform.
For love or money
The technology liberates us in the most terrifying way.
Goldman Sachs quietly releases Marcus app three years after launch
The app was designed to be Goldman Sachs’ eventual main mobile face.
Finxact appoints former Trump Treasury counsellor to board of directors
Core banking firm hires industry veteran.
Banco Sabadell kicks off $1bn hybrid cloud transformation with IBM
Spanish giant signs cloud services extension with Big Blue.
Payments industry underestimates Facebook Pay at its own peril
Tony Craddock, director general of the EPA tells FinTech Futures his views on the tech giant.
EXCLUSIVE: Meezan Bank undergoes digital revamp with Oracle
One of Pakistan’s largest Islamic banks to implement Oracle’s Banking Digital Experience.
EPA publishes guide promoting transparency for paytech account holders
Barclays, Natwest and Starling all took part.
EXCLUSIVE: New bank in Laos selects Flexcube core banking system
Money for the new bank is understood to be coming from China.
Regtech: the new lifeblood of compliance
It changes the current compliance game for the better.
Swedish mobile loan app Bynk rebrands to neobank Rocker
The fintech is launching in wider Europe and plans for listing.
Visa to buy fintech start-up Plaid for $5.3bn
The deal doubles the fintech’s valuation from just over a year ago.
Travelex cyberattack drags into third week
FX firm claims its systems are slowly coming back online.
Challenger Longevity Bank positions itself for the silver generation
EXCLUSIVE: Co-founder Sergey Balasanyan tells FinTech Futures of his 2020 plans with the neobank.
Salaam African Bank in tech overhaul with Oracle
EXCLUSIVE: The deal includes Flexcube core, digital banking, payments and trade finance solutions.
Macquarie to buy $2.1bn Australian data centre firm AirTrunk
AirTrunk operates data centres in Sydney, Melbourne and Singapore.
Indian challenger founded by Google Pay execs raises $13.2m
Former Google Pay execs aim to tap into India’s millennial market.
EXCLUSIVE: Oracle wins new core banking deals in Sudan, Somalia & Libya
Oracle has won and extended plenty of African deals in the past few months.
BNY Mellon Markets appoints Paresh Shah as global COO for FX
He joins BNY from HSBC, where he held the role of COO Americas for FX.
Pepper CEO: Banks should provide tools for users’ financial empowerment
Michal Kissos Hertzog speaks to FinTech Futures.
Al-paca it in: Monzo co-founder leaves to farm Alpacas
The co-founder is quitting to focus on family business ‘Barnacre Alpacas’.
Video: Top fintech stories this week – 11 January 2020
FinTech Future’s weekly news round-up.
New challenges due to Open Banking and the benefits of instant payments
APIs are no longer seen as a difficult technical matter, but as a crucial building block.
Belgian banks team up to launch shared ATM network
Four major banks want to create “brand neutral” ATMs.
FCA stirs up competition for banks’ easy access saver accounts
FCA: Competition is not working well for 40 million British customers.
The Philippines set for first digital-only bank as Tonik gets green light
Tonik Financial will set up the island nation’s first online bank.
Ziraat Participation Bank in Sudan selects Path Solutions’ iMAL
Path to underpin the bank’s Islamic banking products.
Covered Bond Bank migrates international branches to Avaloq Banking Suite
New York, Singapore, and Shanghai all switch to Avaloq system.
Canada’s major banks impersonated in two-year phishing campaign
The impersonators harvested customers’ online banking logins.
Cautious optimism and a customer-first approach for financial services in the 2020s
Alessandro Tonchia gives his fintech predictions as we enter a new decade.
ATB Financial’s Holbrook steps down as chief transformation officer
He had been at the Canadian firm for nine years.
Central Bank of the Bahamas pilots digital Sand Dollar
Central bank says digital currency will help solve financial inclusion.
Tandem Bank to charge customers monthly membership fee
The bank will introduce a £5.99 monthly fee in March.
Signicat CEO: The internet has destroyed consumer trust
“On the internet, no one knows you’re a dog.”
Saffron Building Society creates new savings app with DPR
Saffron manages more than £1bn in assets and has 90,000 members.
The Messy Middle Manifesto
Everything that matters happens because of those who stick it through the Messy Middle.
Payments app KogoPay crowdfunds £200k and hits £10m valuation
The London and Bangkok-based start-up tallied 281 investors.
