Industry alignment or industry confusion – what is a financial institution?
How industry labels and market segment boxes are no longer so revealing.
Banking
UK Finance brings simpler banking to SMEs
18 business bank account providers agree to same basic set of information.
Chinese banks connect with London’s FX market
R5-SHCH Connect has gone live for “closer financial market activity between the two nations”.
Israel Discount Bank gets AI energetic with Personetics
Cognitive Banking Brain powers AI digital financial assistant Didi.
The five myths of Open Banking
Five key myths have been allowed to percolate in the minds of consumers and it’s high time these were busted.
Case study: Sberbank – tech them on
Sberbank now benchmarks its performance against technology companies not other banks.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
AHML and Tinkoff Bank to unleash digital mortgages in Russia
Agency for Housing Mortgage Lending buddies up with bank for joint venture.
PayPal powers BofA Merrill digital payments
US-based commercial clients can now make payments in local currencies.
Buddybank finally opens for business
Smartphone-only bank was slated to open its doors in early 2017.
SoFi reportedly cutting 65 jobs from mortgage division
The Wall Street Journal reports the firm is looking to make its mortgage process more automated.
Scottish billionaire mulls new bank for SMEs
Jim McColl, one of Scotland’s richest men, prepares to enter the UK banking arena.
Moven lands investment from SBI, ponders bank acquisition
SBI and Moven to set up a joint venture to bring the latter’s tech to Asia and Asia Pacific.
Banking Technology February 2018 issue out now
Vision dreams of passion. And all the while I think of fintech.
Cambridge Blockchain and IHS Markit target KYC market
Will offer integrated reference data, operations and software.
Challenger bank Fiinu to put people before profit
Digital bank Fiinu plans to launch in early 2019.
SEC stops alleged AriseBank ICO scam
To prevent investors being “victimised by what we allege to be an outright scam”.
Coconut launches business current account for self-employed
Coconut “cracks open” its app-based business account for freelancers and self-employed people.
Rabobank ventures to fintech frontier with $60m fund
Welcome to Rabo Frontier Ventures – and its focus on early-stage fintech firms.
Tesobe powers Santander’s first hackathon
Springs into action via Open Bank Project’s sandbox technology and expertise.
Western Union unveils fintech centre in India
New 125,000 square feet facility in Pune will employ more than 1,000 individuals.
Payments round-up: 30 January 2018
Featuring Vocalink, Shieldpay, Huawei, UnionPay, Pelican, PaymentComponents, Infosistema and Banco BAI Europa.
BNI Europa makes €50m Funding Circle in Germany
BNI Europa reckons investment will provide access to finance for around 600 companies.
Nationwide’s internet banking takes the night off
Night and day. Day and night. Whatever the time, you can’t be sure of UK banking.
ANZ CEO seeks better banking PDQ
Sends lengthy letter to staff urging restoration of customers’ trust in wake of commission on banking misconduct.
Finastra acquires Olfa Soft for treasury revelry
Gets its hands on an eFX trading solution which covers post-trade and payments.
RELX buys fraud prevention firm ThreatMetrix for $830m
Deal is expected to close in the first half of this year.
Figo releases RegShield for PSD2 field
German banking service provider launches its new “Licence-as-a-Service” solution.
Linxo links up with Raisin to save Europe
A Franco-German alliance targets the European savings sector.
Fintech funding round-up: 29 January 2018
Features Tender Armor, OpenDoor, Duco and Sancus Finance.
Softbank seeks to steal PayPal’s plunder
A rival digital payments system?
ABN Amro, ING and Rabobank hit by cyberattacks
All suffered a series of DDoS attacks last weekend.
ANZ internet banking goes dead
Ten hours a slave… to Twitter complaints.
ING makes 75% incision in Payvision
Looks for growth and to broaden its payment product portfolio.
API developer platform TrueLayer integrates with Monzo
Takes advantage of the UK’s new open banking rules.
Challenger bank Ummah Finance seeks CTO
UK-based start-up Ummah Finance looking for a CTO and other senior execs to join its team.
LenddoEFL psychometric scoring solution launches in Vietnam
Entrepreneurial Finance Lab has furthered its reach across Asia.
Will Open Banking usher in a new era of customer-centric banking?
And will it fundamentally improve customer service in the banking industry?
eCurrency Mint and Rizal to launch digital cash in Philippines
Plan to make it available by Q2 this year.
UK cybersecurity start-ups get royal touch at Pitch@Palace
Event will be hosted by the National Cyber Security Centre and the GCHQ Cyber Accelerator.
