CaixaBank slashes risk analysis time with quantum computing
It’s the first Spanish bank to incorporate the tech into its R&D.
Banking
Tally picks TruNarrative for onboarding and ID verification
The solution will help Tally’s compliance to industry requirements.
TSB and Square partner to boost payments for SMEs
TSB business banking customers will be sent a free Square Reader.
Distributed compliance is the key to banks increasing CDD and KYC challenges
We must we re-imagine risk management and compliance.
Neobank Arival surpasses crowdfund target
The three-year-old bank has raised £1,214,136 so far.
Baton raises $12m for blockchain-inspired b2b solution
Baton allows banks to avoid overhauling their existing systems.
Danske reported to police over investment mis-selling
The Danish regulator says Danske broke investor protection rules.
Chairmans Financial rescues Ipagoo from administration
Chairmans plans to buy 100% of Ipagoo and some assets from its parent software company.
PNC launches fintech start-up inside the bank
The first development has been indi, a mobile phone-based bank account for gig workers.
NorthOne joins forces with Radius Bank for small business mobile banking
Development partner, Treasury Prime, designed that API technology to streamline account opening.
Trends in banking
Evolving the operational models to deliver faster customer services, cost efficiencies and competitive offering.
Video: fintech news weekly round-up – 30 August 2019
FinTech Futures and KAE, a strategic marketing consultancy firm, have teamed up to bring you short and sweet round-ups of the week’s selected news stories – in a video format. The latest weekly video covers: Apple Card launches AmEx, Citi and Goldman invest in digital mortgage startup Better.com JP Morgan to shut down Chase Pay […]
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
DSK Bank fined for data breach affecting over 33,000 clients
The breach exposed full names, addresses, copies of ID cards, bank account numbers and property deed data.
EWPN and EPA collaborate on boosting equality in the finserv industry
EPA’s report shows 57% of those surveyed have personally experienced gender discrimination.
Fujitsu collaborates with Commerzbank on securitisation project
“No longer any need to wait for commercial viability of true quantum computers.”
PPI-type scandals could return warns banking regulator
“When things get desperate, banks tend to take more risk.”
Singapore opens applications for new digital bank licences
Applicants must be committed to Singapore’s future.
Fintech platform Bond raises $10m seed funding
The company will spend the funds on growth and product development.
Carlsberg Bank – probably the best digital bank in the world
Banks need to identify new segments and go beyond banking
Big gains in the cloud, especially for small banks
But will putting our data in the cloud put our data at risk?
Link reveals plan to protect free ATMs
The pilot scheme starts with the Scottish town of Durness.
Raisin completes takeover of MHB-Bank
It is the first fintech in Germany to buy a bank.
Temenos acquires Kony for $559m
The transaction is due to be completed by early Q4 2019.
Equity Group reviews its fintech unit as executives quit
The Kenyan bank is considering running Finserve Africa as a division.
R3 partners with Wethaq to digitise Islamic capital markets
The platform will make Sukuk more accessible.
LeasePlan migrates to Ohpen’s core banking system
Nearly one million Dutch and German savings accounts moved to new cloud-based system.
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
PNC becomes first US bank on RippleNet
The bank joined the blockchain payments platform in September 2018.
Bad bosses and hardy flowers
Moving away from bad bosses is not good advice, it is essential advice.
RBS and NatWest websites’ problems fixed – for now
Both sites have been showing a 502 Bad Gateway error.
ICBA invests in Teslar Software for community banks
The undisclosed investment brings Teslar’s seed capital to $2 million.
Why should banks and fintechs work together?
Partnering up with fintechs and leveraging their agility and technological edge is what will keep banks relevant.
Digital assets focused SEBA receives Swiss banking licence
It is being hailed as a milestone for the blockchain and digital asset economy.
Horizon Credit Union is becoming a bank from 2 September
“Regrettably, many people don’t know what a credit union is, who can join and what they do”.
Schroders Personal Wealth troubled by IT issues
The launch of the joint venture between Lloyds and Schroders have prompted widespread complaints from staff.
Standard Bank and Nomanini sign 12-months in the making $4m deal
Nomanini will be looking to raise additional funding for growth.
Doing smarter, cleaner business: The analytics potential of trade data
Banks’ data-rich future should not begin and end with trade flows.
Credit Suisse to focus on digital banking
“Maintaining the status quo was not an option.”
PAI acquires Eclipse Cash Systems
The deal takes PAI’s network to over 90,000 ATMs.
