Can’t touch this
Touchpoints with customers are not a good thing. Stop counting them. Stop wanting them.
Banking
Oman Housing Bank selects Temenos for core banking upgrade
The OHB offers government-subsidised housing loans to low and middle income groups.
First Abu Dhabi Bank partners Microsoft to develop new AI-powered banking capabilities
Banking-as-a-Service and Risk-as-a-Service have been cited as two “potential areas of collaboration”.
Banking Technology Magazine April 2024 issue out now
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.
What the FinTech? | S.5 Episode 5 | Blockchain, CBDCs and programmable payments
In this episode of the podcast, we’re joined by Gilbert Verdian, CEO of Quant.
MAS unveils new Cosmic platform to help banks defend against terrorism financing and money laundering
Cosmic was co-developed by MAS and six banks – Citibank, DBS, HSBC, OCBC, UOB, and Standard Chartered.
Former Goldman Sachs director Swati Bhatia joins Santander Bank as head of retail banking and transformation
Bhatia counts the likes of Stripe, PayPal and Capital One among her previous employers.
Japan’s Rakuten Group plans to consolidate its fintech and banking businesses
Rakuten is discussing plans to integrate all its fintech units, including Rakuten Bank, into one unified entity.
Australian banking software vendor Constantinople bags $33m in Series A round
The new cash injection adds to the $20 million Constantinople previously raised via its May 2022 seed round.
Westpac set to invest billions of dollars to fuel bank-wide tech overhaul
Westpac’s current stack “isn’t older or less capable than peers… we just have too much of it”, according to its CEO.
US-based NWSB taps Apiture to upgrade digital banking capabilities
The community bank will implement Apiture’s Digital Banking Platform offering alongside a number of other solutions.
Human connection in the age of AI
Even in the age of an AI arms race, we can still reclaim what is uniquely human: our empathy.
FinTech Futures: Top five news stories of the week – 29 March 2024
Our pick of the top fintech news stories this week includes Robinhood, Mastercard, Visa, Ant Group and more.
Discover Financial Services exec Michael Rhodes to take the lead at Ally Financial as new CEO
Ally Financial has been on the hunt for a new CEO since the departure of Jeffrey Brown in January.
Is a phone charging cable the new bank card?
Have smartphones completely replaced the need for physical bank cards?
New core banking system, Vilja, comes to the UK from Sweden
Vilja is entering the UK market via a partnership with local mortgage origination platform, Mast.
ieDigital, Connect FSS and Abaka to integrate under single identity with Rami Cassis named new CEO
The companies have until now operated as three separate divisions led by CEO Jerry Young, who is set to retire.
If Mary has three apples…
Always measure opportunity cost. What are you not doing while you are doing what you are doing?
Anext Bank in Singapore reportedly receives another $148m investment from parent company Ant Group
DealStreetAsia reports that Ant Group has now invested over $500 million in total in Anext Bank.
Tide names former SVP George Schmidt as new regional CEO for UK and Europe
Schmidt will be responsible for leading Tide’s recently announced expansion into the German market.
UK’s Co-operative Bank to cut 400 jobs as part of cost reduction programme
Due to impact 12% of its total workforce, the proposed job cuts will take effect from 7 May.
Demystify Podcast: Fintech partnerships with Sam Everington of Engine by Starling and Carlton Hopper of GFT
In this podcast episode, Dharmesh and Dave explore the partnership between Engine by Starling and GFT.
Denmark’s Danske Bank enters multi-year cloud partnership with AWS
Danske Bank will migrate selected legacy applications, data, and infrastructure to the AWS cloud.
Uzum lands $114m in mix of equity and debt financing, becomes Uzbekistan’s first tech unicorn
Uzum says it will look to raise an additional $200 million in a Series B funding round later this year.
Video: AtData at Fintech Meetup 2024 – Fraud detection and prevention
At Fintech Meetup, we sat down with AtData to discuss how companies can strengthen their fraud detection strategies.
Indochina Bank to implement Flexcube core banking system
Laos-based Indochina Bank is modernising its core technology with Oracle FS and Techzone.
UK regtech GSS lands £37m in Series A2 funding round
GSS says the new funding coincides with its “transition from the development phase to the operational phase”.
Baader Bank modernises regulatory trade and transaction reporting with Broadridge
Baader Bank already uses Broadridge’s solutions for trading and market connectivity, and order management.
Mobile banking app for kids and teens, Cashee, to launch in Saudi Arabia
Cashee will provide a free banking app and a prepaid Visa card, issued by Arab National Bank (ANB).
FinTech Futures: Top five news stories of the week – 22 March 2024
Our pick of the top fintech news stories this week includes Nuvei, Silverbird, nCino and more.
Video: Quinte at Fintech Meetup 2024 – Hyperautomation in banking
At Fintech Meetup, we spoke with Quinte Financial Technologies about the benefits of hyperautomation for banks.
BNY Mellon deploys AI supercomputer from Nvidia
BNY Mellon has deployed Nvidia’s supercomputer, DGX SuperPOD with DGX H100 systems.
Video: FinovateEurope 2024 – What’s hot and what’s not in fintech
We ask three industry professionals what’s hot and what’s not in the fintech sector this year.
Cloud banking: 60 years on
Cloud is all the rage again, and the advantages for banks of being truly cloud native are huge.
What the FinTech? | S.5 Episode 4 | The future of digital identity
In this episode of the podcast, we’re joined by Pinar Alpay, Chief Product and Marketing Officer at Signicat.
Finalists announced for Banking Tech Awards USA 2024
Winners of this year’s awards will be announced at a gala dinner ceremony in New York on 30 May.
Payment security and fraud prevention take centre stage at this year’s Pay360 conference
Concepts concerning the safety and efficiency of payments proved central to the conference’s agenda.
Video: Decoding the digital euro
Ville Sointu of Nordea discusses how a potential digital euro could impact the financial services sector.
IndusInd Bank partners Tappy Technologies and Thales to launch tokenisation solution for wearable payments
The Indus PayWear app will enable the bank’s customers to tokenise their cards for use with wearables.
The procurement saints
Procurement buddies, those workday saints, have always been what separates a good day from a terrible one.
