Starling Bank co-founder joins Winklevoss crypto exchange
Julian Sawyer set to lead Gemini’s European operations.
Banking
Unpacking Europe’s 2019’s major tech milestones with NIIT
FinTech Futures breaks down this year’s trends with Gautam Samanta at NIIT.
Staying the course: CTOs in shining armour
Corporate troublemakers, dreamers and challengers rely on a good CTO.
German SME challenger Penta teams up with card reader SumUp to tap offline businesses
Penta is breaking out of its online-savvy customer niche.
China gears up digital yuan with potential digitisation of ID cards ahead of 2020 launch
Now the central bank could be entering phase two of its project.
Toucan “first” to test bank account alert to help mental health sufferers
96% of UK mental health sufferers say the alert will be useful.
US DOJ digs deeper into Deutsche role in Danske money laundering scandal
Deutsche officials were made aware that the scope of the DoJ probe had broadened.
BCBS: Bank supervisors must pay greater attention to APIs and open banking risks
Open banking comes with benefits to banks but also various challenges.
Wells Fargo hires Santander’s US chief as new COO
Scott Powell will be the bank’s new chief operating officer.
Berlin’s Raisin partners with Credorax to offer its German users retail deposits
Raisin is the first – and currently the only – company to offer Credorax’s retail deposits.
Monzo hires Visa exec to lead US push
TS Anil will join the digital bank early next year.
Hong Kong’s Hang Seng Bank to unveil 600 cardless ATMs
The ATMs will use contactless technology and QR codes.
Canada’s neobank Koho secures extra $18.8m in Series B to diversify investors
The round was led by Drive Capital and National Bank of Canada’s VC arm, NAventures.
French start-up Pixpay raises €3.1m to tap younger banking generation
The funding round was led by seed and growth investor Global Founders Capital.
Reserve Bank anticipates cardless retail landscape in Australia
Merchant fees on card payments in Australia came to AUS $4.3 billion last year.
South Korea to launch open banking system this month
5.51 million open banking accounts have now been registered.
What’s next for investment in tech?
Will fintech firms re-evaluate the costs & benefits of public and private ownership?
Klarna selects Amazon Web Services as preferred cloud provider
Swedish banking and payment firm puts AWS at the centre of new strategy.
TCS migrates ABCUL credit unions to Bancs on the cloud
Voyager Alliance, East London and RetailCURe moved to the new platform.
CMFG Ventures hands BankBI Series A investment to tap US market
BankBi will use CMFG Ventures’ US credit union connections.
Private bank for YouTubers and high-net-worth youngsters 220 to launch for users next year
There is strict criteria to join the private banking community.
Emirates NBD slashes 400 staff to cut costs
Dubai-based bank has been on a technology tear of late.
HSBC and Santander to refund customers after breaking CMA rules
The banks failed to message users going into their overdrafts.
Westpac hires familiar tech partner IBM to probe its AML bust up
Westpac has been using IBM’s infrastructure since the 1990s.
Turkish banks and FIs sign majority stake in JCR Eurasia
Turkey seems to be establishing a national credit rating agency.
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
Video: Top fintech stories this week – 29 November 2019
FinTech Future’s weekly news round-up.
Natwest outage stops customers spending savings and payday wages on Black Friday
Some customers said they couldn’t get cash out of ATMs either.
Swedish AI start-up Bokio raises €4m led by local investor Creandum
The start-up uses AI to simplify bookkeeping for small businesses.
Four fintech & financial inclusion trends for 2020
A gap remains for women, rural residents, & other underserved communities.
Russia’s Sberbank inks contract with driverless car tech firm
The Russian bank will challenge Yandex which currently has the monopoly.
IMF to put Nordic banks’ AML controls under microscope
International regulator investigates banks’ alleged failings.
Ingenico announces risk director Panteha Pedram’s appointment to MRC
She will unpick new regulatory changes for the council and its members.
Nile Bank selects Oracle as new core banking provider
Implementation partner Profinch to ensure deployment.
Leaked numbers show only 16% of Curve’s users are active
The UK start-up still insists it will reach 4 million customers by 2020.
US fintech Robinhood pulls OCC banking application
The start-up is calling the withdrawal “voluntary”.
Positive Money targets UK swing seats hit hardest by free ATM losses
Labour could grab six seats and the Conservatives could grab five.
Goldman Sachs fined $1m for not recording traders’ calls in 2014
The bank failed to record calls for three weeks.
Easing the cloud transition using microservices, containers and Kubernetes
The first step is to build new applications using these new architectures.
Fibank first in Bulgaria to launch PSD2-compliant open banking platform
Fibank customers will be able to move all accounts to My Fibank app.
