August 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in August.
Banking
Migrant-focused fintech Comun lands $21.5m Series A
The funds add to the $4.5 million seed round Comun raised in December.
Australia’s MyState Bank taps Backbase for Engagement Banking platform
MyState’s new platform supports banking features including payments, PFM, and integrated fraud protection.
SaaS pricing primer
I hate to say it, but there is neither art nor science to pricing. Just elbow grease and arithmetic.
August 2024: Top five banking tech stories of the month
FinTech Futures takes a look back at five of the top banking tech stories of the month.
August 2024: Top five new fintech launches of the month
FinTech Futures takes a look back at five of the top new fintech launches in August.
Video: Highlights from FinTech Futures’ Banking Tech Insights panel and networking event
Watch our highlights video from the FinTech Futures Banking Tech Insights event on 11 July.
August 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
What the FinTech? | S.5 Episode 14 | Investment trends and the future of UK fintech
In this podcast episode, we chat with Innovate Finance CEO Janine Hirt about what’s next for UK fintech under Labour.
RBI set to launch United Lending Interface to simplify access to credit for underserved borrowers
RBI governor Shri Shaktikanta Das says the ULI will launch “in due course”.
Florida’s Surety Bank taps Apiture to power online and mobile banking services
Surety Bank will deploy Apiture’s Digital Account Opening, Business Banking, and Consumer Banking solutions.
Join us as a judge for the Banking Tech Awards 2024
The Banking Tech Awards 2024 has a limited number of seats on the judging panel available.
US Bank snaps up Salucro Healthcare Solutions for undisclosed sum
US Bank first invested in Salucro back in 2022.
ICYMI fintech funding round-up: Resal, Skyfire, Waza, Revenew and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
FinTech Futures: Top five news stories of the week – 23 August 2024
Our pick of the top fintech news stories this week includes HSBC, Klarna, Mastercard and more.
The unbundling of core banking
The rapid evolution of technology has allowed smaller companies to reinvent core banking.
Swiss National Bank announces launch of instant payments in Switzerland
The SNB claims around 60 Swiss FIs can now process instant payments.
Banking Technology Magazine September 2024 issue out now
Cover story: HOP INTO THE FUTURE – Banks must turn and face the change.
Advans Pakistan Microfinance Bank in core banking tech overhaul with AutoSoft Dynamics
Advans Pakistan is implementing the AutoBanker core banking system from AutoSoft Dynamics.
Germany’s Upvest embeds Deutsche Bank’s banking infrastructure to expand its product range
Upvest will provide virtual IBANs, cash management, and FX services through Deutsche Bank.
We don’t say that sort of thing around here
Don’t just ask your vendors to explain their cost structure. Ask them to justify it.
HSBC reportedly considering sale of its South African business
Bloomberg reports that banks from Africa, China, and the UAE are interested in HSBC South Africa.
State of play: cybersecurity in financial services
The current cybersecurity threat landscape remains dynamic and challenging for financial services firms.
ABN Amro goes live with CBA’s IBAS TDD software and nCino’s cloud banking platform
ABN Amro is streamlining its digital lending operations and strengthening its trade finance transaction monitoring.
USAA president and CEO Wayne Peacock to retire in 2025
Peacock joined USAA in 1988 and became its CEO in February 2020.
I am speaking now
At the current rate, it will take another 134 years before we can reach global gender parity.
US fintech Amount lands $30m in fresh funding to advance AI capabilities
Amount’s tech powers deposit account opening and loan origination for banks and credit unions.
CaixaBank doubles down on generative AI with launch of GalaxIA project
The new project will look to build on its GenIAl project launched late last year.
The perfection paradox and the power of pragmatism
Pursuing perfection in digital transformations often causes more problems than it solves.
Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale
Following the share sale, Revolut is now valued at $45 billion, up from $33 million in 2021.
FinTech Futures: Top five news stories of the week – 16 August 2024
Our pick of the top fintech news stories this week includes Scotiabank, Tally, Experian and more.
The shifting credit landscape in the digital age
Will the concept of a credit score as we know it become obsolete?
MAS to commence quantum-proofing cybersecurity trials with banks “in the coming months”
DBS, HSBC, OCBC, UOB, SPTel and SpeQtral are all set to take part.
Ohio’s first female-led bank Fortuna nears launch after raising $20.7m
Fortuna is aiming to soft launch in fall 2024.
The greatest story never told
I suspect it is inevitable that a bit of a rethink around open banking will have to happen.
Banking Tech Awards 2024 nominations deadline extended to 6 September
You now have until 6 September to submit your nominations for this year’s Banking Tech Awards!
Scotiabank buys 14.9% stake in KeyCorp for $2.8bn
The Canadian bank’s CEO says the deal “creates future optionality for Scotiabank in the North American corridor”.
What the FinTech? | S.5 Episode 13 | Fintech start-ups and navigating the road to sustainable growth
In this podcast episode, we chat with Sam Edge of AWS about the current fintech start-up landscape.
Triodos Bank UK appoints Mark Clayton as new chief operating officer
Clayton previously spent 23 years at HSBC and was most recently COO at Unity Trust Bank.
Pennsylvania’s Customers Bancorp hit with enforcement action by US Federal Reserve
The enforcement action follows a recent inspection and does not include a fine.
