Canada Life moves to UK with Temenos’ tech support
The Multifonds Global Accounting platform will consolidate investment assets.
Banking
First transactions carried out on blockchain-based Marco Polo network
Delivery triggers irrevocable payment from buyer’s bank.
Rewire helps migrants in Europe with $12m funding
The banking platform is targeted at making international payments easy.
Standard Bank moves over to AWS
All its workloads, including its customer facing and core banking applications.
PayTech Awards: honouring organisations for their social impact
Enter the PayTech for Good Award by 5 April!
BOC granted virtual banking licence in Hong Kong
Livi VB is a joint venture of Bank of China, JD New Orbit Technology and JSH Virtual Ventures Holdings.
YellowDog fetches £2.5m extra in Series A
This news follows the £1.7 million raised in March of last year.
What flat earthers and bankers have in common or “I accept all writing challenges”
Things don’t need you to believe in them to be true or come to pass.
Russia’s first new bank in four years is for internet firms
Approach will combine the payment gateway and payout model.
ZhongAn licensed to launch virtual bank in Hong Kong
Products will be developed with community input.
Italian illimity enjoys business launch and preps retail offer
The new bank is a merger of Spaxs and Banca Interprovinciale.
UK’s Payments System Regulator presents 2019/20 annual plan
The UK regulator smoothens out open banking and fraud.
Standard Chartered to launch virtual bank in Hong Kong
To be conducted under a new entity in Hong Kong.
FCA seeks to address mortgage switch difficulties
To free mortgage prisoners from bad loan assessment processes.
Blue Sage integrates Capsilon’s tech to lending platform
The integration will help with document recognition and data extraction technology.
Webinar: Digital, Data and Disintermediation – Modern Banking
Register for the FinTech Futures and Information Builders webinar now
ING and Bank of Beijing create digital bank in China
Through an investment of $447 million.
ClauseMatch expands to Asia with Singapore office
It already serves clients with Singapore presence.
Amount to power TD Bank’s digital lending platform
The first in a series of collaborative initiatives.
Apple announces digital credit card
To launch in summer, supported by Goldman Sachs.
New York Fed launches fintech advisory group
To help the bank assess potential market impact.
Video: fintech news weekly round-up – 25 March 2019
FIS acquires Worldpay, PSD2, Tandem, and other news!
Nelito gains Myanmar microfinance win
Alliance for Microfinance in Myanmar has taken Nelito’s FinCraft core system plus the mobile and lending tech.
Objectway unveils new chatbot for wealth management
AI offers a new service model for the financial sector.
DNB taps on the Nordic API Gateway for account aggregation
The app will allow customers to manage all accounts.
Natwest business customers at risk due to security software
The bug is now fixed.
HSBC to offer BlackRock’s Aladdin software to wealthy customers worldwide
BlackRock also announces acquisition of eFront
Pakistan’s first microfinance bank moves over to Temenos T24
Originally selected in early 2017.
White paper: How artificial intelligence can improve the bottom line in FS
What challenges is the financial sector facing and how can firms thrive in an increasingly competitive landscape?
Streamdata.io acquired by Axway
The France-based start-up sold for an undisclosed amount.
Project BankNorth partners with nCino ahead of 2020 launch
The bank will use nCino’s Bank Operating System for customer experience.
Russian lawmakers give green light to alternative Swift system
Russia has discussed joint use of the system with China, India, Iran and Turkey.
UBS bank fined £28m by FCA for misreporting transactions
This comes on the back of a series of penalties in the past few months.
Network International to float on London Stock Exchange
The IPO will make at least 25% of its issued share capital on the LSE.
Bank of the West shifts to hosted for Systematics core
The bank is a long-standing user of the mainframe-based core system.
Top fintech stories this week – 22 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Banking industry thwarted £1.66bn of fraud in 2018
But £1.2bn was stolen during the same period.
Four digital and traditional trends in banking in 2019
Don’t discount something because it doesn’t fall strictly into our pro-technology bubble.
Wolters Kluwer gets new credit union win in Florida
Grow Financial Credit Union is implementing lending and compliance solutions in 26 branches.
Six Spanish banks sign up for gpi cross-border payments
Adoption of gpi has seen a year-on-year increase of 270%.
