SocGen mulls thousands of job cuts from investment unit
As it seeks to consolidate its brokerage business through a partner.
Banking
Metro, Starling and ClearBank win RBS fund
The Capability and Innovation Fund’s first pool grants a total of £280m.
Sasfin takes equity stake in South African lendtech Payabill
Johannesburg-based firm looking for more SME action.
Top fintech stories this week – 22 February 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
New ECB guidelines extend active monitoring to intraday liquidity – but are banks ready?
The guidelines focus on financial institutions’ internal capital and liquidity adequacy assessment processes.
Ping An pushes into Indonesia’s fintech space
Its subsidiary OneConnect plans to offer AI, blockchain and biometrics.
Apple and Goldman Sachs to unleash iPhone/card combo
Credit cards will be rolled out to employees for testing in next few weeks.
StanChart braces for $900m fines over US and UK banking issues
Bank sets aside money for potential penalties over FX and crime controls.
Moneytrans building European neobank for migrants
The money transfer company is looking for developers in Spain.
FCA shows iron fist for anti-competition in asset management
Three firms have been declared in breach of the UK authority’s regulation.
Temenos snaps up India’s hTrunk for greater big data
Vendor expects to see integrations into T24 Transact and Infinity.
Challenger banks in Spain: who’s who (and what’s their tech)
A list of the known challengers to date and the technology they are using.
Bill.com bans wire transfer fees for small businesses
Here’s a ban that businesses can really get behind.
Getting your executives on the journey they didn’t realise they had started when they hired you
Find what your executives care about and centre your design around them so they can go off and do their job.
Intel outfit ThousandEyes looking at $50m funding
Series D round includes GV, formerly called Google Ventures.
SIA wins Payments Canada’s tech revamp contract
Canada powers on with its new high-value payments system, Lynx.
TerraPay takes cross-border payments to Sri Lanka
In partnership with Pan Asia Bank.
PSD2 goes live in Netherlands
The Dutch Central Bank is welcoming applications to use this regulation.
Japan’s fintech boosted by nonbank money transfers
The Financial Services Agency will grant licences for a more competitive nation.
Kazakhstan’s Halyk Bank gets Fiserv cash management tech
Meeting the needs of a cash society in Central Asia.
SmartStream teams with Numerix for ISDA collateral management
Automated data management and risk sensitivities to the rescue.
UBS found guilty in France for aiding tax evasion
UPDATE. The bank has said it will appeal the decision.
Falcon Private Bank flies away from UK nest
Bank departs and sells assets of London-based subsidiary to Dolfin Financial.
Danish and Estonian regulators under EBA investigation over Danske incident
The bank has also closed its Baltic and Russian operations.
Backbase takes heart via the art of digital banking
In the Ovum Decision Matrix 2019, Backbase’s digital banking performs above average in every category.
LGT completes Avaloq roll-out across group
Austrian deal means all LGT’s main markets share this core system now.
FCA appoints new chair for Financial Services Consumer Panel
Wanda Goldwag will start role from 1 March 2019.
Live Webinar: Account Takeover Fraud – How To Protect Your Business
Join Fintech Futures and OneSpan for a live webinar on Tuesday, 19 March!
Cyberattack puts Bank of Valletta in restoration age
Maltese bank recovering after a “malicious external attempt on its systems”.
Wealthtech Pictet picks NetGuardians for fraud fight
Swiss wealth and asset manager seeks better protection.
Case study: Citizens Bank – fintech friendly
The 13th largest bank in the US pivots for digital era.
US challenger LikeBank makes light work of messengers
Digital bank sits within Facebook Messenger, Viber and Telegram.
Video: fintech news weekly round-up – 18 February 2019
Features Monzo, Ant Financial, WorldFirst, Lloyds and more!
EBRD and Estonia unveil regulatory sandbox
European Bank for Reconstruction and Development and Baltic nation team up.
Mambu secures €30m funding for SaaS-y surge
Latest round led by US-based Bessemer Venture Partners.
Morning wakes up as French challenger bank
“The account that wakes up the bank.”
Brazilian challenger bank C6 will see you now
It has its licence and is now testing out functionalities
Scotland’s SME challenger bank AlbaCo readies for launch
Glasgow-based entity plans to be ready in early 2020.
GoCardless gathers payments pace with $75m funding
UK paytech targets bank debit network with Series E investment.
Interview: Aidan Millar, chief data officer, DNB – data driving
How Norway’s banking group DNB is seeking to use data to reconnect with customers.
