Starling Bank eyes 2022 IPO and expects to break even by 2021
Starling CEO: “I didn’t do all of this to sell out to a big bank”
Banking
Atom bank’s former co-founder joins Queensland’s Daytek capital
Paul Hanks has joined DayTek Capital as a technology advisor.
UBS overhauls wealth management business, plans 500 job cuts
Three levels of management will be erased.
Standard Chartered “first” bank to offer public platform to track payment status
The bank is ready for Swift’s November 2020 payments confirmation deadline.
Singapore’s digital bank licence race heats up with 21 bidders
Roughly 50 companies are involved in the bidding.
Bank of England and FCA plot internal data analytics shake-up
UK regulators outline plans to improve their data handling capabilities.
BNP Paribas extends deal with Temenos
The two are agreeing to work together until 2028.
ING to launch analytics tool Katana as new fintech company
Dutch bank plans to spin out its AI tool in London.
Belgian banking app Cake to launch first public app this month
The app pulls together customers’ existing bank accounts.
Nisir Microfinance taps ICSFS for new core system
ICFS Banks to be rolled out across five branches.
Goldman Sachs and Morgan Stanley facing BoE probe
The banks’ balance sheets are under the microscope.
Metro Bank raids FCA for new risk director
Jose Morago says he’s “excited” to get back to the finance industry.
MyBucks Banking Corporation implements Flexcube core banking system
The new Malawi-based bank also took Oracle Banking Digital Experience for the front-end.
Mitigating network outages in the financial services sector
How poor service levels from IT vendors are reflected in network outages and how to fix it.
Hong Kong’s sustainable finance start-up MioTech closes Series A funding
The start-up wants to expand its presence in Singapore and Mainland China.
Chinese regulator opens market access for foreign banks
CIRBC unveils rejigged rules to encourage foreign investment in Chinese market.
Challenger bank for British farmers Oxbury set to launch later this year
The launch comes at a time of prolonged Brexit uncertainty for British farmers.
Financing fintech Sezzle blocked from making loans in California
The Minnesota fintech deemed to be making “unregulated loans”.
Sopra Steria completes acquisition of Fidor Solutions
Sopra on the hunt to boost its digital banking product portfolio.
Commerzbank to acquire block of Comdirect shares from Petrus Advisers
Commerzbank will hold over 90% of the shares of Comdirect once it’s completed.
Receipt Bank raises $73m in Series C funding round
Bookkeeping fintech will use funds to boost international growth.
Emirates NBD completes third phase of its core banking systems upgrade
The project sees the roll-out of the new core banking system for Emirates NBD Saudi Arabia.
HSBC to shut down Hong Kong ATMs after protest vandalism
Protestors also attempted to damage the bank’s famous lion statues.
ICBA welcomes Charles Potts as the new chief innovation officer
Potts’ extensive financial services experience spans more than 25 years.
Qatar International Islamic Bank picks IBM for fraud prevention
QIIB selects Big Blue for its mobile and online banking channels.
RBS recruits army of digital influencers to promote banking app Bó
The sponsored posts were published after RBS was accused of writing fake reviews for Bó.
Two UK credit unions live on TCS Bancs
TCS confirms Voyager Alliance and RetailCUre deployment of cloud-based Bancs.
Lloyds, Halifax and Bank of Scotland customers hit by system outage
The incident took place from around 4am on New Year’s Day.
JP Morgan vows to ban fintech apps from using customer passwords
It’s working towards issuing tokens that send third parties a narrow range of data in a secure form.
BBVA trials Amazon platform for banking products
The Spanish bank is exploring options via a partnership with a Michelin star restaurant.
Standard Chartered appoints new CIO of corporate, commercial & institutional banking
Rene W. Keller joins Standard Chartered from Deutsche Bank.
SME challenger bank B-North raises £2m funding
The bank’s first regional “Lending Pod” will open in Manchester in Q2 2020.
BoE’s Carney says finance is too slow on tackling climate change issues
Carney is due to become the United Nations’ special envoy for climate change.
HSBC plans new restructure with France and USA in firing line
The global bank is aiming to cut costs and weed out loss-making divisions.
Razer Fintech, Grab and Singtel bid for Singapore digital banking licence
There are only five of the new licences up for grabs.
Former Starling Bank CTO plans 2020 launch of crypto digital bank
Mark Hipperson is CEO of Ziglu, an app that will allow users to trade cryptocurrency
ISO 20022: stepping in the right direction
Market participants should assess the impending transformation and work on action plans.
Credit card challenger Koto to launch in UK come 2020
“We are offering credit with a fixed fee from day one,” says Koto’s CEO.
Fintech’s largest mergers and deals in 2019
What deals shook the market this year? We find them so you don’t have to
2019’s biggest banking job cuts
Digital transformation can lead to unhappy consequences.
