South African start-up Bettr Finance is preparing to launch its mobile banking service – with the offer of no monthly account fees and no bricks and mortar branches. It’s early days at the moment, so timelines and specific details are not available. But on its website its alpha phase is limited to 10,000 users. The […]
Reading the UK news you might think fintech innovation only comes from limelight-hogging London, but that isn’t the case. There are obviously other rival global centres of innovation like Berlin or Stockholm, but many other regional UK fintech hubs exist too. The Fintech outside London report looks at UK fintech firms working outside of the so-called […]
10X Future Technologies, the start-up founded by ex-Barclays CEO Antony Jenkins last year, will announce this week that it has raised more than £30 million in funding from Ping An Insurance and management consulting firm Oliver Wyman, according to Sky News. The deal will speed up 10X’s expansion, and is good news for Jenkins’ ambitions. […]
Core banking tech vendor Ohpen has acquired a fellow Dutch fintech firm, FYNN Advice, which specialises in core banking software implementations.
EXCLUSIVE: Russia’s second largest banking group, VTB, is looking to launch a retail banking business in the UK, Banking Technology understands. The bank has applied for a UK banking licence, to enable it to take retail deposits.
If you’ve got preconceptions about what fintech looks like and where it’s happening, then Aleksey Chubar, head of digital transformation at VTB, has news for you. Russia is becoming a hotbed of fintech innovation – not just domestically, but internationally too. More than that, the rapid pace of technological change in the country means you’ll soon wonder how you got left behind.
JP Morgan Chase has teamed with Bill.com, the largest digital business-to-business (B2B) payments network in the US, for its new paytech platform. This B2B solution, to be rolled out next year, will be integrated into Chase’s digital platform for businesses, used for online and mobile solutions. Andrew Kresse, CEO of business banking at JP Morgan […]
UK challenger bank Atom has partnered with user-generated content platform Reevoo to improve customer engagement and offer better purchase decisions. Using Reevoo’s platform, Atom says it collects reviews for its fixed saver account and mortgage products. These reviews are then displayed on Atom’s website, and have been included in various customer communications including newsletters and […]
Amplify Credit Union is converting from its legacy core processing software provider to Fiserv and its DNA platform. DNA will become the credit union’s “new foundation for its member-centric technology strategy”, Fiserv says.
Sudan Financial Services Company (SFSC) has signed to implement the iMAL solution from Path Solutions for its investment activities.
NatWest says it is to become the first UK bank to offer a paperless mortgage – as customers can now apply for a completely digital mortgage and share and verify documents online. The new proposition means customers don’t need to send signed paperwork or personal and private information through the post. Lloyd Cochrane, director of […]
Nacha, the backbone for the electronic movement of money and data in the US, has launched the same-day automated clearing house (ACH) debit transactions with its ACH Network.
EXCLUSIVE: Santander International is embarking on a tech project to modernise its online and mobile delivery channels.
Webhelp, a Paris-based customer experience and business process outsourcing (BPO) firm, has acquired fellow French tech company GreenPoint.
Ukraine-based Sky Bank (formerly Region-Bank) is replacing its legacy systems with Finastra’s Fusiobanking Essence platform.
Austrian banking group Addiko has unveiled chat banking for its customers – the “first ever” Viber-based financial transaction service available in Croatia. Called “Addiko Chat Banking”, it’s a digital banking service that, in partnership with Comtrade Digital Services and communication platform Viber, enables customers to directly communicate with the bank and make payments. Mario Žižek, […]
Al-Thiqa Islamic Bank, a banking start-up in Iraq, has opted for the ICS Banks Islamic system from ICS Financial Systems (ICSFS).
Malta-based Banif Bank is harbouring ambitious growth plans and is looking to modernise its technology enterprise-wide, front-to-back office as a key part of this strategy.
India-based Nainital Bank is gearing up to launch a new digital venture. It has recently gone to market to find a consulting and implementation partner to help it design, build and launch this venture as well as service it post-launch.
EXCLUSIVE: Santander’s corporate banking business in the UK is embarking on a core banking software overhaul, Banking Technology understands.
Zambia-based Zazu is readying for launch – as it targets being “Africa’s first digital-only bank” and offering a “more personalised solution” than a traditional bank. In November, it will launch with 1,500 prepaid debit cards. It wants to give these out to people who regularly use cards to make payments, so it can improve and develop […]
EXCLUSIVE: Union Bank of Israel (also known by its Hebrew name – Bank Igud) is looking for a new core banking system and supplier.
Dar Al-Amane, a participative finance window of Société Générale Maroc, is live with a new core banking system, Ethix, from International Turnkey Systems (ITS).
This morning I was having breakfast with a colleague. I paid the bill, and he sent me his share of the bill using our Monzo app. Before we’d walked out of the café, the money was in my account. Simple!
EXCLUSIVE: Finastra, which emerged earlier this year from the combination of two banking tech vendors, D+H Corporation and Misys, has made a number of job cuts across its operations.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Why would a bank let their corporates indulge in setting up system privileges online – without keeping close tabs on the process? Here’s why.
ING will start a partnership with online wealth manager Scalable Capital as the bank plans a digital investment solution for its retail customers in Germany. Customers of ING in Germany will be able to register in less than 15 minutes through a paperless process. With a minimum investment of €10,000 they can monitor their portfolios […]
Acting Comptroller of the Currency Keith Noreika told FinovateFall attendees in New York this week that the agency is still in the exploratory phase of its fintech charter, according to news reports.
India-based finance company TAB Capital is implementing a new lending system, FinnOne Neo, supplied by domestic vendor Nucleus Software. The solution will be delivered in the cloud.
ICS Financial Systems (ICSFS) has implemented its flagship core banking platform, ICS Banks, at Providus Bank in Nigeria.
The Payment Systems Regulator (PSR) and Bank of England (BoE) have revealed that the UK will be getting the New Payment Systems Operator (NPSO) by the end of 2017. The duo says that the Payment System Operator Delivery Group (PSODG) has completed the necessary steps to deliver what was asked and so with the NPSO […]
We have a double delight as Sage and Lloyds, and Xero and Santander are making accounting simpler for UK SMEs. Sage, a cloud accounting, payroll and payments solutions software provider, says Lloyds Bank is the latest in a line of banks to go live with its Bank Feeds service. The service helps businesses by enabling […]
Yes Bank, one of the largest banks in India, us calling for start-ups to apply for the second cohort of its Yes Fintech innovation programme.
QAWorks, a UK-based technical software testing company, has been taken over by DevOps specialist ECS Digital.
Quickly following on from the fintech funding round-up on 11 September, here’s more action in a concise form. Features InfoSum, Neyber, Goldman Sachs, Forward Partners and BlackRock. Data tech start-up InfoSum has added $5 million to its seed funding, taking the total raised to date to $8 million. Joining existing investors Mark Suster (Upfront Ventures) […]
Western Vista, a credit union in the US state of Wyoming, has converted from its legacy tech to a new core processing platform, Keystone. The system is supplied by domestic vendor Corelation.
Marieke Flament, European MD at Circle, discusses how technology is transforming the global payments landscape.
Digital performance management company Dynatrace is working with Rabobank “to monitor the real-time experience of every customer and user for all services” at the bank.
There’s a new fintech challenger in town. Toronto-based STACK announced its partnership with Mastercard two weeks ahead of the beta launch of its mobile financial services app and companion prepaid card.
