Trustfolio teams up with Equifax for open banking-powered debt advisory solution
The solution on Trustfolio’s Debt Adviser Support Portal will provide access to banking transaction data.
Banking
Banks, broccoli and the peril of going out of date
Like broccoli, a bank can go out of date before anybody realises.
Former Wells Fargo, BoA private bankers launch wealth management firm Fidelis Capital
The firm brings together financial specialists with more than 200 years of collective experience.
Zopa founder Giles Andrews joins Hoares as non-exec director
Andrews founded Zopa in 2004 and is currently a member of the fintech unicorn’s board.
Bank Islam taps Kestrl to offer financial management tools in Be U app
The firm will incorporate Kestrl’s personal financial management tools into Be U by the end of the year.
ANZ New Zealand selects FIS for core banking upgrade
The firm will be the first bank outside the US to utilise FIS’ Modern Banking Platform.
FinTech Futures Jobs: Is now the time to ask for a raise?
Explore thousands of open roles on the FinTech Futures Job Board today.
FinTech Futures: Top five stories of the week – 12 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Nigerian fintech TeamApt becomes QED’s first African investment
The new funds will help fuel TeamApt’s planned expansion across Africa in the coming months.
Composing the future of banks
Flexibility, agility and innovation are core competencies that will keep banks competitive through the next decade.
BaaS start-up Unit partners Thread to offer embedded banking services
Unit says the collaboration with Thread will “empower more companies to offer unique banking solutions”.
CIBC Innovation Banking invests €35m in SME-focused fintech Ageras
The funding will support Ageras’ future strategic acquisitions and the expansion of its software suite.
Banking Tech Awards 2022 – nomination deadline extended
The deadline for nominations for the Banking Tech Awards 2022 is now Friday 19 August.
Great Southern Bank selects Fiserv for core banking upgrade
The bank will utilise DNA from Fiserv as its new core processing platform.
Timberland Bank taps Plinqit for financial wellness and savings tools
Customers can now access digital tools designed to improve financial literacy and establish saving habits.
The blurred line between ‘utility’ and ‘value’
You’ll always need a little more tech than you needed yesterday, but at least you don’t need to build it all.
Yes Bank taps IBSFintech to digitise services for corporate clients
The partnership aims to enable paperless communication across treasury and trade finance processes.
Neobank Nuri files for insolvency due to “challenging” market conditions
The Berlin-based neobank says the action will not affect its services, customer funds or investments.
Klarpay AG CEO on bridging the gap between online companies and transactional banking
Klarpay solves one of the biggest challenges faced by digital businesses – access to efficient transactional banking.
KeyBank taps BlueSnap to facilitate cross-border e-commerce payments
KeyBank says BlueSnap’s operating model will give clients the flexibility to process global payments.
CFPB investigating Goldman Sachs over credit card practices
Goldman Sachs says it is cooperating with the regulatory body.
Passive micro-investing app upnup launches in South Africa
The company says micro-investing is a good first step into the space, providing “investment on auto-pilot”.
CIBC partners MX for fintech customer data access agreement
CIBC customers will be able to securely share their financial data with third-party fintechs via an API.
Valley National Bancorp invests $25m in fintech-focused VC The Garage
The Garage builds and invests in early-stage start-ups in fintech, artificial intelligence and cyber.
Payments veteran Steve Ledford retires, leaves The Clearing House
The self-described “payments nerd” says he is leaving the payments industry after 41 years.
UK challenger Dozens set to close by end of the month
The Dozens app is set to close by the end of August.
Singapore’s UNOAsia raises funds ahead of digital bank full launch
The firm is gearing up for the commercial launch of UNO Digital Bank in the Philippines.
Plugging in: financial services in the metaverse
If there’s one industry buzzword this year that is on almost everybody’s lips, it has to be ‘metaverse’.
UK challenger Recognise Bank appoints new CEO, Jean Murphy
Murphy brings more than 25 years’ worth of banking and capital markets experience to the role.
South Africa’s TymeBank to acquire SME funding fintech Retail Capital
Retail Capital will form the foundation of an expanded business banking offering within TymeBank.
NatWest’s director of payments leaves to join Bibby Financial Services
Marion King spent over seven years in her role at NatWest.
Cartoon: Dancing in the rain
This new cartoon illustrates how different companies are dealing with the onset of the recession.
Embedded finance: navigating the challenges
There are a few challenges to be aware of before entering the world of embedded finance.
FinTech Futures: Top five stories of the week – 5 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Mansfield Building Society partners DirectID to streamline mortgage applications
Mortgage applicants can now securely provide their bank statements online via open banking.
Umba acquires 66.6% stake in Kenyan microfinance lender Daraja
The Central Bank of Kenya says the deal will “support the stability of Kenya’s microfinance banking sector”.
XR, banks and rewiring the system
Rewiring the economic system will be a challenge, but I think it’s supercritical.
The Co-operative Bank taps Finastra for treasury infrastructure upgrade
The bank is moving its treasury activities to the cloud with Finastra’s Kondor solution.
TAS acquires Italian paytech consultancy Krisopea
Acquisition reflects TAS’ “acceleration in non-organic growth” driven by largest shareholder Rivean Capital.
UK challenger Monument partners Persistent to build digital banking platform
Persistent’s “building block” approach will allow the challenger to add new SaaS components as required.
