Iraq’s Rafidain Bank revamps tech with Oracle
EXCLUSIVE. It is understood new tech will replace Finastra’s Fusionbanking.
Banking
Ukraine tops Science and Tech Global Index – that should come as no shock
Open and agile, Ukraine’s banking sector has been quick to embrace disruptive change.
Stash piles on rewards with stock-back launch
New York-based financial services platform officially boots up.
BGL BNP Paribas offers digital wisdom via Genius AI
A “personalised and intelligent digital assistant” lands in Luxembourg.
UK’s Nationwide analyses customer interactions with SAS
AI will look at how emails are managed at the building society.
US-based Stockman Bank goes digital with NCR
The community bank targets businesses in Montana.
Tide seeks £60m funding following RBS grant
UK challenger bank also plans more funding rounds in next couple of years.
RCBC files defamation suit against Bank of Bangladesh over 2016 cyberattack
The aftermath of the $81 million cyberheist lingers on.
The new business models of banking
Analysis of three alternative business models for the banking industry.
Video: fintech news weekly round-up – 11 March 2019
Featuring New Zealand, Ant Financial, and Raisin.
Nymbus banking tech suite is Inspire-d choice
Pennsylvania’s Inspire Federal Credit Union is now live with its solutions.
Investors Bank addresses reporting with Wolters Kluwer
The US bank will receive OneSumX for Regulatory Reporting.
Lloyds, NatWest and Barclays team up for business banking hubs
The three banks will pilot the UK’s “first” shared hubs for SMEs.
UK’s OneSavings Bank and Charter Court mull merger
The new institution would be valued at more than £1.6 billion.
Pintec acquires Australian credit risk solution provider InfraRisk
Chinese firm seeks action abroad and aims to boost its “SaaS Plus” model.
CULedger teams up with IBM for blockchain network
A cooperative model designed for credit unions and SMEs.
Deutsche Börse and Swisscom to build digital asset infrastructure
The core elements will provide access to liquidity and banking services.
Vista Bank picks Temenos for African digital expansion
Infinity and T24 Transact will update the bank’s systems.
Lack of buyers puts an end to UK’s Raphaels Bank
One of the nation’s oldest banks is being wound down.
IPsoft’s 1Bank is one for conversational banking
New solution is powered by virtual agent Amelia.
White paper: Multi-cloud fundamental to financial services’ transformation
Discover major trends that are impacting financial service businesses
FSS takes stake in Africa’s Ecentric Payment Systems
Paytech acquires 46% stake as part of its African expansion plans.
Salt Edge teams up with UK-based PFM app Emma
Integration will enable Emma users to connect their accounts from banks throughout the UK.
What dating apps can teach us about Open Banking
Technology enables people to connect with endless options, while encouraging them to commit to, well, nobody.
Starling Bank enters Moneyhub’s payment gateway
“The first challenger bank to support PSD2 PISP legislation.”
Bank of England orders Visa to fix outage issues
The bank’s action follows the pan-European incident in June 2018.
US Senate attacks lax Equifax cybersecurity defences
Senate reveals investigation into 2017 data breach that affected 146 million US consumers.
First State Community Bank picks Jack Henry’s lending suite
New tech is provided by Jack Henry’s ProfitStars division.
UK fintech regulator puts bigger fines on the menu
FCA confirms increase in Financial Ombudsman Service award limit.
Bank Leumi touches Eurobase with Siena platform for FX treasury
The deal is only for the London-based subsidiary of the Israeli bank.
State Bank of India selects FSS for one nation of payments
One nation, one card, one deal, one story. Too much? One can’t say.
Ibanera signs for iSignthis banking and payment tech
iSignthis’ subsidiaries Probanx and BSS will provide CorePlus and CoreConnect systems.
Omidyar Network releases fintech venture fund with Flourish
New firm Flourish launches evergreen fund backed by founder of eBay.
International Women’s Day: a great time to reflect on progress, but there’s still a long way to go
A look at initiatives that help a better work/life balance – and assist women to get to the most senior roles.
Top fintech stories this week – 8 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Soldo gets sold on Irish e-money licence
It will be able to operate from Ireland post-Brexit.
Commerzbank and Deutsche Börse complete DLT repo transaction
It involved the simultaneous swap of the tokens as a legally binding transaction.
Swift gives short shrift over RBI penalties to Indian banks
It says the failures lie with automated payment processes at the banks.
SoftBank and Microsoft power Grab’s $4.5bn funding frenzy
Other investors in its current Series H funding round include Toyota, Hyundai, Ping An, and Yamaha.
