SIA seeks fintech paradiso with new open banking platform
Italian firm wants to embrace almost everyone.
Banking
Criminals scam UK finance industry out of £500m
UK Finance reveals facts, figures and fears.
Bitwala raises €4m to build blockchain bank account
Earlybird and Coparion as investors.
Nummo closes $1.9m funding and sets up Advisory Council
The PFM firm aims to expand its offering.
Smart pay solutions for children: what every parent needs to know
Children are swapping piggy banks for prepaid cards and smart payment services.
Tandem Bank adds auto-savings rules
“Improving savings habits is one of the hardest things someone can do.”
Wells Fargo plans to cut 26,500 jobs
Significant job cuts expected over the next three years, according to CEO.
NPSO releases first details on New Payments Architecture
The details are around new procurement process for the clearing and settlement layer.
ING Bank in Romania closes physical cash desks
ATMs will be the only choice to withdraw and deposit cash by the end of October.
Australian Military Bank powers digital transformation with Infosys Finacle on cloud
AMB and Infosys implement SaaS model digital banking suite in ten months.
Open Banking shouldn’t be written off, the revolution is just starting
Realising the benefits that Open Banking will deliver will take time.
Revolut records annual loss but revenue grows fivefold
Revolut’s 2017 revenue stands at £12.8m and customer base at 1.3m.
BBVA’s app shows account activity from other banks
BBVA’s has become the first bank in Spain to offer this service.
Tangerine sweetens up with Meniga’s PFM tech
Canada’s direct bank ups its PFM offer with Meniga’s tech.
The future of client onboarding
Every interaction that your customer has with you is an opportunity for you to make an impression.
Barclays unveils new digital platform in Western Europe
UK bank looking for more action in the corporate space.
Gemalto and R3 launch blockchain-based digital ID platform
One identity in all online sites.
Bank of England preps UK fintech for next decade
Its “Vision 2030” looks at the future of finance across the nation.
Westpac welcomes Siri for managing payments
First bank in Australia to do so.
White paper: Digitising financial service agreements
Find out more on how to digitise financial agreements
Barclays, RBS and NatWest’s online systems go down
Only Barclays has resolved it so far.
DefenseStorm forges partnership with Alogent
A reminder of the importance of cybersecurity to the world of digital banking.
Top fintech stories this week – 21 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Virtual money assistant Cleo really gets $10m funding
The “Siri of personal finance” speaks about its Series A investment.
ING invests €7.5m in open banking ace Cobase
Dutch firm Cobase wants to expand beyond Europe.
Gibraltar International Bank gets ready to rock with core system revamp
New online and mobile banking services are on the way.
Goldman Sachs to spin off Simon finance app
In advanced talks with several firms to sell its three-year-old app.
Equifax fined £500k for UK security breach
15 million UK citizens were affected during the cyberattack in 2017.
Webinar: Overpromised & Underdelivered – Common Misconceptions About AI for Banking
Tuesday, 9 October. Register now!
Banks and traders unveil Komgo for blockchain-based trade finance
15 big names behind new Geneva-based entity.
Not learning is not a super power: language and the age of disruption
The biggest downfall of a shared language these days is in your office.
NatWest starts quantum computing testing
May be able to execute tasks at 300 times the speed of a traditional computer.
KGI Bank pioneers Taiwan’s first regulatory sandbox
In collaboration with Chunghwa Telecom.
ANZ waves hi to smartphone ATM access
All you need from an ATM, with the aid of your phone.
ING invests £5m in UK lendtech Funding Options
Dutch bank also takes minority stake in the SME lending marketplace.
Europol warns of crypto cyberattack increase
Its 2018 Internet Organised Crime Threat Assessment makes for grim reading.
Danske Bank’s CEO resigns over money laundering crisis
Related to €200 billion in possible money laundering in Estonia.
No mystery as BB&T invests $5m in data firm Enigma
This is BB&T’s first outlay of its $50m fintech commitment.
Denmark’s central bank turns to SIA for new RTGS system
Later this year the country will be connected to Target2-Securities.
France Swave-s hello at UK fintech jobs
Government-backed tech incubator Swave employs seduction techniques.
