African challenger Kuda cuts 5% of workforce
Kuda says cuts were made across growth, marketing and product departments in the company.
Banking
UBS, Wealthfront nix $1.4bn acquisition deal
Wealthfront CEO David Fortunato says the pair are “continuing to explore ways to work together”.
ID verification platform Alloy raises $52m in Series C extension round
The fresh cash will support Alloy’s continuing global expansion.
Mahalo tapped by Rocky Mountain Credit Union for digital banking upgrade
Mahalo’s banking platform will integrate various customer channels with the credit union’s core.
FinTech Futures: Top five stories of the week – 2 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Singapore’s GXS Bank launches with savings product for the underbanked
GXS wants to address the pain points of the two in five Singapore residents who are currently underbanked.
New digital bank Trust launches in Singapore
Trust Bank’s shareholders have invested $285 million in the new challenger.
Lessons from a car that won’t unlock
Based on recent experiences, here are some thoughts on what finance can learn from the auto industry.
Banking Technology Magazine September 2022 issue out now
Cover story: MONEY PUZZLE – Helping US arrivals get on track financially.
Gavin Kelly appointed as Bank of Ireland interim CEO
Kelly joined Bank of Ireland in 2007 and was appointed chief executive of its Retail Ireland division four years ago.
Barclays to sell remaining 7.4% stake in South Africa’s Absa
The offloading of 63,072,652 shares will raise approximately £538 million, Barclays says.
UK parliamentary group on challengers calls for financial services “big bang”
The APPG says reforms in the sector could support the government’s levelling-up agenda.
What the FinTech? | S.3 Episode 13 | A look at what’s in store at FinovateFall
In this episode of the podcast, we’re joined by Greg Palmer, vice president and host of Finovate.
Darlington Building Society taps LexisNexis to help fight fraud
The firm will look to utilise LexisNexis’ RiskNarrative platform.
The smart ring that never was
In a world of options, if you don’t get onboarding right, you will never get to do the next part.
Oxbury Bank lands £25m in Tier 2 capital funding
The capital facility will enable the bank to lend an additional £250m to British agriculture firms through to 2023.
Vietnam’s BIDV goes live with trade finance tech by Surecomp
Surecomp’s DOKA and allNETT solutions will support the ongoing growth and digitisation plans at BIDV.
Banking Tech Awards USA 2022 Winners Supplement out now
People, projects & products that demonstrated stellar results, genuine innovation and had a tangible impact.
Railsr appoints former Mastercard chair Rick Haythornthwaite as first chairman
Haythornthwaite currently chairs Ocado and the AA and previously chaired energy firm Centrica.
Meniga names Simon Shorthose as new CEO
Shorthose takes over from co-founder Georg Ludviksson, who remains a shareholder of the company.
Banking Tech Awards USA 2022 Winner: Marinela Tudoran, Credit Suisse – Woman in Technology
We are delighted to be featuring Marinela Tudoran, winner of W.I.T. Award at the Banking Tech Awards USA.
Q&A: How SEBx aims to “reinvent banking inside the bank”
Christoffer Malmer, head of SEBx, discusses the Nordic bank’s BaaS venture with FinTech Futures.
Savana appoints Temenos veteran Emily Steele as president and COO
Most recently, Steele served as president of Temenos, North America.
How legacy banking systems can be modernised to meet the needs of today’s consumer
Modernising the banking core is now a business imperative that can no longer be ignored.
Pan-African banking group Ecobank launches fintech challenge
The challenge has a top cash prize worth $50,000 and is open to early- and late-stage fintech start-ups.
Diebold Nixdorf hires Joe Myers as executive vice president
Myers will head up the US firm’s banking business, handling sales and solutions delivery.
Japan’s SMBC Group to launch Jenius Bank in the US
Jenius Bank will initially offer personal loans before expanding with savings and checking products.
Why skimping on speech AI technology could cost banks billions
Digital resolution of customers’ inquiries can drive significant cost savings for banks.
Afterpay shutters its Westpac-powered Money app
Afterpay says customers will not have access to their Money accounts from 10 October 2022.
ICYMI fintech funding round-up: Chekk, Hello Clever & Zywa
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The role of the payments industry in saving people and planet
Changing the way we make payments can have a substantial positive impact on our society’s carbon emissions.
Nationwide partners Moneyhub for open banking payments tech
Moneyhub’s open banking PIS technology allows savers to add money to accounts from day one.
Taiwan’s SCSB taps Temenos for core banking upgrade
SCSB will adopt Temenos’ core banking, payments and data lake solutions.
Japan’s Iyo Bank picks DTCC to automate post-trade services
Iyo Bank has tapped DTCC to achieve “no touch” post-trade processing for equities and fixed income transactions.
Digital banking beyond your pretty UX
Digital banking is not about pretty graphics, but providing cheaper services, wider choice and more access.
What the FinTech? | S.3 Episode 12 | Tackling the challenges for challenger banks
In this episode of the podcast, we’re joined by Kim Symmons, head of design at UK business bank Mettle.
AJ Bell taps Lloyds for FundBy Bank payment solution
The solution will offer users an alternative to funding transactions through card payments or online banking.
First Federal Bank of Kansas City debuts new digital banking platform
The new digital offering is powered by enterprise solutions provider Narmi.
CSI sold to two private investment firms in $1.6bn deal
The deal is expected to close in Q4 2022.
US commercial bank Truist acquires tech firm Zaloni’s Arena platform
Truist identified the Arena platform as “an investment that will help us deliver better financial experiences”.
