Can cultures really change? Can trust ever be reestablished?
“Don’t run when you lose, don’t whine when it hurts. It’s like first grade. No one likes a cry baby.”
Banking
Fintech charms US state regulator into modelling
Conference of State Bank Supervisors will implement changes based on feedback.
TymeBank times South African launch for this month
Digital challenger gets ready following its soft launch in December 2018.
EU does cross-border payments on the cheap
Consumers protected against “excessive charges for currency conversions”.
UK trade finance challenger Diaspora preps for flight
Will offer a trade finance ecosystem on blockchain.
Oracle feels the chill from Suncorp CEO over core banking freeze
Not a lot of sunshine to share as Project Ignite has not really taken off.
TMRW dawns as UOB’s digital bank will debut in Thailand
New entity is designed for “mobile savvy” millennials.
Barclaycard teams with SAP for precise corporate payments
Brings procurement and payment together in one place, Ariba Network.
Top fintech stories this week – 15 February 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
No Xpence spared as Dubai neobank readies for business
“Gulf region’s first neobank designed by entrepreneurs for entrepreneurs.”
Belgium’s BNP Paribas Fortis unleashes bank account aggregator
Its Easy Banking App got easier. An easy pun but don’t be too hard on us.
CaixaBank first to show withdrawal symptoms for ATM cash
“World’s first bank to use facial recognition to withdraw cash at ATMs.”
JP Morgan Chase to trial new cryptocurrency
Will start trials in a few months for its JPM Coin.
UK challenger bank Griffin gears up for wholesale launch
Plans to provide fintechs with custodial accounts and interbank payments.
Bankers, let’s get real: here’s the question you need to answer (truthfully) today
Will your current strategic roadmap get you where you want to be in five years?
Fintech investment in US hits record $52.5bn
KPMG’s “2018 Pulse of Fintech” report is good news for the States.
FinovateEurope 2019: Best of Show winners revealed
Let those that win bask in the fintech glory… and this brief news report.
To go boldly forth or why you should go hug your innovation team
Imagine how much an innovation team would achieve if they also had your help.
IBM strikes $700m deal with Santander for digital drive
Five-year tech agreement includes AI, blockchain and big data plans.
CanDeal and six Canadian banks create market data hub
BMO, CIBC, National Bank, RBC, Scotiabank and TD are involved.
First Direct and Bud buddy up for open banking action
Offering third-party products through the bank’s app.
Mastercard taken by Token’s charms for open banking hub
Californian company will power the paytech’s connectivity layer.
MUFG and Akamai unleash blockchain-based payment network
New joint venture called the Global Open Network.
Stripe leads $40m funding round in paytech Rapyd
Fintech-as-a-Service platform looks for Rapyd success.
Italian interbank DLT project Spunta moves to pre-production
Passing test to solve interbank reconciliation issues in the country.
UK challenger bank Starling secures £75m for European expansion
Series C funding round led by Merian Global Investors
Abu Dhabi Commercial Bank makes a MoneyBuddy
The app is built on Strands’ technology.
Crypto bank Zabo preps for US launch
“Bitcoin in your bank account.”
All change as Temenos gets new CEO
David Arnott will leave to “spend more time with his new family and baby”.
AI-powered banking experiences
Machine learning can help banks restore the personalised service they were once noted for.
Societe Generale selects HPS for payments power in Africa
Paytech will help bank with processing activities at ten African subsidiaries.
StanChart seeks supply chain finesse with Linklogis
Bank will use firm’s digital blockchain for clients in China.
Lunar Way gets €13m funding for Nordic conquest
Danish mobile banking service eyes up another neighbour.
Unicaja Banco loans are in with Fintonic app
The marketplace incorporates the Spanish bank’s lending offer.
UK fintech investment reaches record $3.3bn
Industry body Innovate Finance serves up the stats.
White paper: The opportunities and data management considerations of hybrid cloud
Why are companies deliberately adopting multiple cloud providers? Let Hortonworks and 451 Research explain
Swiss corporate challenger bank Initium enters fintech arena
Plans to build a multi-jurisdictional corporate banking group.
Video: fintech news weekly round-up – 11 February 2019
Challengers Starling and Revolut, Tink, and the importance of digital assets.
Open banking: growing in customer trust in 2019
By 2022, the open banking market could be generating £7.2 billion in value.
Colombia’s fintech wakes up to open banking
New alliance between Colombia Fintech and Open Vector is a start.
