UK fintech Kantox partners with Citi Bank for FX solution
Kantox will deliver a “customised solution” for the bank’s FX clients.
Banking
Consumer champion app Snoop goes live, founded by ex-Virgin Money execs
The UK-based fintech is accepting sign ups on its waiting list.
Deutsche Bank to create new technology division
German lender aims to improve technology innovation
UK challenger bank Tide gets investment from Japan’s SBI
The Telegraph says the SBI splashed £44 million on the British fintech.
Mandates and machines: The power of technology to bridge regulatory gaps
The SFTR challenge is complex, but technology can bridge these gaps.
National Bank of Canada goes live with Murex’s MX.3 Risk and Regulatory Suite
Bank aims to meet future FRTB obligations.
HSBC plans 10,000 job cuts in fresh cost-saving exercise
Global bank plans to cull high-paid roles.
ESAs identify weaknesses leaving high-volume transaction firms open to money laundering risks
The three European Supervisory Authorities (ESAs) publish their second joint opinion.
FinovateFall 2019: AI, ML, robotics and digital first
Three exciting days in New York witnessing the latest and greatest from over 70 fintechs.
eBook: 6 AI solutions every asset manager needs
Download the DataRobot eBook to discover six AI solutions for asset managers!
The challenges for banks and fintechs when building a partnership
Chris Ward, author at Mapa research, dissects the changing definition of ‘partnerships’ in fintech.
Video: Top fintech stories this week – 04 October 2019
FinTech Future’s weekly news round-up.
nCino announces $80m funding round led by T. Rowe Price
The cloud developer has raised $213m since 2012
FDIC’s McWilliams: Core banking vendors must evolve
Top regulator says that collaboration is the future for all in the industry
Nationwide exec: Banks can’t do everything
App glitches can often be the customer’s fault, he says.
Glint Pay administrators: Customer money is safe but frozen
The app says there are no “deficiencies or inaccuracies” in funds.
NAB’s charge reduces cash earnings by AUD1.12bn
This comes ahead of the January regulatory deadline to reach a core capital ratio of 10.5%.
Beyond personalisation
Recognising who customers are, what they believe, how they respond and act.
Banking Technology October 2019 issue out now
Lessons from Africa.
Five lessons global banks can learn from African fintechs
Mobile payments have been positioned as a ground-breaking idea but Africans have been doing that for a while.
Sberbank data leak may have exposed 60m customer accounts
Russian bank confirms 200 accounts have been compromised so far.
Novo Banco refreshes payments with Fiserv
Fiserv to switch up Portuguese bank’s end-to-end billing.
FCA: Libra will lead to financial exploitation
Regulator fears the crypto will bypass payment services.
Seattle Bank chooses Finastra for its core banking
Finastra will also help with analytics, digital banking and card payments.
White paper: The state of application development in retail banking
Over 3,300 IT professionals shared their insights in this comprehensive report.
Revolut’s losses double to £33m as it gears up to hire staff, expand reach
The fintech’s losses have gone from £14.8m to £32.8m in one year.
NatWest teams up with Microsoft and DreamQuark to predict markets with AI
The new platform will use AI to spot opportunities and risks.
Finastra launches apps built with FIs on FusionFabric cloud platform
Allied Payment Network and Monotto launch on Finastra marketplace.
Core banking changing lives, starting with mine
The truth is everything we do touches and by extension changes people’s lives.
Millennials more likely to report fraud than older generations, finds FTC
People aged 20-30 happier to report scams than those over 40.
UK finserv industry says public are stifling technology adoption
The industry fears it will miss out on key innovations.
Metro Bank chairman to step down
Vernon Hill will leave the bank at the end of 2019 after a turbulent year.
Fintech Dave hits $1bn valuation after two years
Dave has four million users on its financial management app.
Dutch bank de Volksbank partners with Kubernetes and Rancher Labs to overhaul IT system
It’s hoped the partnership will also drive the bank’s growth.
Bnext becomes first fintech in Spain to raise a $25m Series A, plans LatAm expansion
The round was led by DN Capital, Redalpine and Speedinvest.
SMB expenses start-up DiviPay raises $2.3m in round led by ANZ Bank
The fintech has created a virtual credit card.
Challenger bank bunq launches in UK and 21 other European countries
The bank is active in all EU countries and a handful of EEA ones, too.
Funding the revolution: the dawn of digital banking
Traditional banking giants are feeling the squeeze.
20th Banking Technology Awards: showcase your brand to decision-makers at banks
Get your brand seen by the brightest and most innovative decision-makers in the industry and network with them at a spectacular gala ceremony!
Rapyd secures $100m in funding to bolster “fintech-as-a-service”
Oak HC/FT, Tiger Global, Stripe and more get involved in funding round.
