Cambodia’s ABA Bank taps Compass Plus Technologies for card issuance kiosks
The self-service kiosks can issue international debit cards in under two minutes.
Banking
FIS reportedly looking to cut thousands of jobs under new CEO
Bloomberg reports that the cuts to the workforce are expected to be staggered.
Nationwide Building Society appoints new COO, Suresh Viswanathan
Nationwide says it is moving to “the next chapter in its digital ambitions” with Viswanathan’s appointment.
The enemy of ‘good’ is ‘better’
The minute you become aware of ‘better’ being possible, ‘good’ is no longer good enough.
The Bank of London hires new group CTO and group CISO, Phil Knight
Knight will oversee the firm’s technology, IT operations and information security.
Featurespace bags funding from US, UK govs to build new financial crime detection solution
Featurespace is developing an AI-powered system to help banks and PSPs detect financial crime.
Q&A with Griffin: “We’ve built a purpose-built bank just for fintechs”
FinTech Futures speaks with Griffin’s CCO Adam Moulson about the company’s growth.
The empathy deficit
As the cost of living continues to rise, what will banks do? What should they do?
Santander UK picks NCR to run its self-service ATM network
NCR will upgrade, connect and run Santander UK’s network of more than 1,700 ATMs.
What the FinTech? | S.3 Episode 17 | What’s next for BNPL?
In this episode of the podcast, we’re joined by Gaurav Sethi, chief product and strategy officer for Citizens Pay.
UK challenger Tandem appoints new CFO and CRO to bolster its leadership team
David McCarthy has been named as the firm’s new CFO with Wahid Ali joining as CRO.
UBS partners iProov for automated customer biometric ID onboarding
With face verification tech, UBS key4 customers can onboard remotely in five minutes, iProov says.
Sella launches pilot of biometric credit card in Italy
The biometric card is being issued by Sella on the Visa scheme, developed in partnership with Idemia.
Visa appoints Ryan McInerney as new CEO
From February 2023, current CEO Alfred Kelly will become executive chairman of the board.
HDFC Bank taps Flywire for digital educational payments experience
The integration will provide a fully digital checkout experience for Indian students to make transactions.
Why zero trust security is central to operational resilience – and regulatory compliance
Designing systems with a zero trust approach built in must become a fundamental step in the security process.
Banque Saudi Fransi digital head Grant Niven departs
Niven was responsible for developing and executing the bank’s company-wide “digital vision”.
US Treasury outlines fintech consumer protection recommendations
“This report lays out actions that would maintain fair, transparent, and competitive markets,” says Janet Yellen.
Do banks really need a new core?
What are the main reasons or drivers for changing your core? I can think of a few.
Research paper: The payments processing opportunity for banks
Icon commissioned Celent to carry out research exploring the payment processing opportunities for banks.
SEB sets up new BaaS unit, SEB Embedded
With SEB Embedded, the firm is aiming to become a leading provider in the BaaS market.
All the light we do not see
Gaslighting is insidious. If you see it happening in your organisation, shine a light on it.
Tech leadership change at US Bank
Jeff von Gillern, US Bank’s vice chair of technology and operations services, will retire next year.
US banking sector launches digital asset settlement proof of concept
US banking heavyweights will explore the feasibility of a DLT-powered interoperable digital money platform.
Mastercard partners bpost and Nickel to launch inclusive card options
Belgium’s bpost and France’s Nickel will offer Mastercard’s True Name option to customers.
Climate First Bancorp acquires ESG data platform Ecountabl
Ecountabl indexes data on more than 10,000 companies, analysing their ESG performance.
Iceland’s Arion Bank taps Lucinity to boost AML protection
Lucinity says its AML tech helps banks and fintechs increase their compliance productivity by more than 50%.
Kuda launches in the UK with tell.money’s open banking compliance tech
Kuda says its UK launch “is the first step in its global expansion to serve overseas based Nigerians”.
BML Istisharat signs new core banking tech clients in Iraq and UAE
Two banks in Iraq and one in the UAE are implementing BML Istisharat’s ICBS core banking system.
ZDF launches new cloud-based core banking system
Minna Bank, Japan’s first digital bank, is the first user of the new core system developed by ZDF and Accenture.
Myles O’Grady named new CEO at Bank of Ireland
O’Grady succeeds Gavin Kelly, who was appointed as interim CEO in September this year.
Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs
The loan consists of a $130m credit facility and $30m from the Africa Growing Together Fund (AGTF).
Ireland is emerging as a global hub for payments
Ireland has become the EU/EMEA headquarters for many leading firms in the fintech and payments space.
Sohar International’s chief transformation officer Ewan MacLeod resigns
MacLeod joined the bank in February 2020 following a three-year stint at Nordea.
Trading and investment fintech Saxo appoints Simon Camilleri as COO
Camilleri brings “significant expertise and a wealth of front-office experience” to his new role.
JP Morgan and Mastercard team up to launch Pay-by-Bank solution
The solution is currently in the pilot stage with a rollout expected sometime in 2023.
Not all banks are created equal
Digital banks are setting themselves apart from the incumbents and ushering in a new age in banking.
Spanish banking sector to explore use of digital euro
Financial institutions will analyse the technical, operational and business implications of a digital euro.
DFSA fines Bank of Singapore $1.1m citing inadequate AML controls
The regulatory authority also says that the bank acted outside the scope of its DFSA licence.
FinTech Futures: Top five stories of the week – 11 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
