Kony brings digital magic to Partners Federal CU revamp
Ploy Story or Beauty and the Increased?
Banking
Tandem launches travel cashback card in UK
Digital challenger bank launches its first product in the country.
Hackers swipe $2m from India’s City Union Bank via Swift
Three “fraudulent remittances” – sent via correspondent banks to accounts in Dubai, Turkey and China.
Russia’s beta biometrics brings better banking security
Tinkoff Bank, VTB Bank and Pochta Bank have presented a beta version of their unified biometrics system.
Hackers steal $6m from Russian bank via Swift
Russian central bank disclosed the information… very discreetly.
US Bancorp hit with $613m fine for AML fails
Anti-money laundering activities not noticed due to a lack of staff and resources.
CBA blocks credit card purchases of virtual currencies
The Commonwealth Bank of Australia is following in the wake of others.
HSBC online and mobile banking goes down
UK not OK… as usual. Out for the count for a few hours.
Infinitec unleashes digital finance solution for German SMEs
A Software-as-a-Service solution for integrated finance management.
Softtek and Mambu unveil banking Platform-as-a-Service
SaaS-y engine provider partners with Mexican system integrator.
Amazon teams with Bank of America for lendtech leap
Looking to expand its lendtech programme for small businesses that sell on Amazon’s websites.
Top fintech stories this week – 16 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
BBVA taps digital start-up Azlo to target US freelance market
Bank partners with business account provider for American dream.
Temenos enjoys software licensing growth of 22%
Revels in a decent 2017 and keeps the momentum gained in 2016.
Fintech start-ups acquired by banks – CB Insights
2017 saw more acquisitions by top US banks than any other year.
Wirecard brings digital touch to ReiseBank’s bankomo app
Expanding collaboration by enabling users to top up smartphone account without minimum purchase requirement.
BinckBank and Raisin double up for Dutch savings market
Launches new product “Binck Savings” – users can deposit funds with selected European partner banks.
UK regulator plots global fintech sandbox
Financial Conduct Authority looking for views on the merits of a mega-model.
Bankjoy plays it SafeAmerica CU for mobile banking
US credit union enrolled 25% of its active users within the first day of the launch.
Payfone gets $23m in funding from Synchrony Financial
New round takes digital identity authentication company’s total funding to $93.6 million.
Clinc tops $4.5m in annual revenue
Conversational AI platform in the pink and hires a chief growth officer.
Mission to Mars: or how I manage to make everything about fintech
We don’t directly do good in our fintech-verse, but we push the world towards something better.
Mashreq Bank harnesses Blue Prism digital workforce
Blue Prism integrates AI and automates dozens of processes across various business functions.
Saudi Arabian Monetary Authority pilots Ripple payments
SAMA like it hot for blockchain-powered payments.
POPin’s video banking gets some love in LA-LA land
CalCom Federal Credit Union selects POPin’s interactive mobile video banking solution.
Revolut uses GPS for FX app launch in APAC
Starting with New Zealand, Singapore and Japan.
Fiorano the firepower in I&M Bank’s digital leap
Kenyan bank will use Fiorano’s platform while integrating with Infosys’ Finacle core banking system.
South African Reserve Bank mulls cryptocurrency regulations
Will also experiment with distributed ledger technologies – and ConsenSys helps out.
SGBL turns to Backbase for digital banking revamp
Lebanon-based Société Générale de Banque au Liban makes its choice.
Global fintech funding goes over $31bn mark
Brings the total over the past three years to $122 billion.
Distribution Finance Capital seeks UK banking licence
DFC is focused on providing additional working capital to product manufacturers, distributors and dealer networks.
LogMeIn goes for AI gold with Bold360 virtual assistant
A chatbot and virtual customer assistant to make service “more engaging and intuitive”.
TruFin steps into UK challenger bank zone
TruFin started trading on the alternative investment market of the London Stock Exchange.
More fintech firms embrace Starling’s Marketplace
New group of partners includes PensionBee, Wealthsimple, Habito and Kasko in partnership with AXA.
Infographic: who is ready for Open Banking in Asia?
IDC Financial Insights maps the readiness for Open Banking among Asia, Asia Pacific and Australasia markets in 2018.
Singapore’s FinLab unveils SME accelerator programme
Four-month programme will start in March and eight places are up for grabs.
Australia’s new payments platform launches
Enabling customers with accounts at different banks to make 24×7 payments in real-time.
NetGuardians signs first customer in North America
Canada’s FirstOntario Credit Union looks for help in fight against fraud and cybercrime.
Survey: Banking & fintech – how can commercial banks stay ahead?
Conducted by Fraedom and FinTech Futures to create a comprehensive study on banking and fintech.
MUFG teams with iAPPS for Southeast Asia push
Looking at cross-border payments and settlements.
