Video: Infosys Finacle at Sibos 2023 – Recomposing banking and the importance of ethical AI
We chat with Infosys Finacle CEO Sanat Rao about the need for banks to continuously evolve to remain competitive.
Consumer/Personal Finance
Video: Genesys at FinovateFall 2023 – Modernising the customer experience in banking
At FinovateFall 2023, we spoke with David Porter of Genesys about how banks can enhance their customer experience.
Video: DTCC at Sibos 2023 – Cybersecurity and the evolving threat landscape
We speak with Jason Harrell of DTCC about the emerging cyber threats financial institutions should be prepared for.
Spice Money taps NSDL Payments Bank to offer zero balance accounts to rural India
Through this partnership, Spice Money aims to broaden financial inclusion across India.
UK’s FCA orders electronic money issuer Nvayo to suspend operations
Nvayo says that it “is working with the FCA to resolve their concerns and hope to find a solution”.
Bahrain’s Flooss taps Tarabut for open banking-powered lending
Flooss is adopting Tarabut’s Income Verification product, enabling direct access to customers’ income information.
Fintech unicorn Slice to merge with India’s North East Small Finance Bank
Its merger with NESFB will see Slice transition into a small finance bank.
American Express to pilot biometrics for online transactions
The biometrics have been developed by the FIDO Alliance and the World Wide Web Consortium.
UK fintech Wagestream snaps up credit card challenger Keebo
Keebo applies open banking data in its credit decisioning process to lend to those with thin or limited credit histories.
Can core modernisation give your bank new legs?
For banks, core replacement is not the only game in town, with core modernisation being a far less risky option.
US fintech PayZen launches new product to boost healthcare affordability
With the Care Card, patients can access PayZen’s post-service payment plans through a physical and virtual debit card.
Aeropay teams up with UBank for in-game payments innovation
The partnership seeks to solve the “intricate payment challenges” at play within the current gaming ecosystem.
Finalists announced for Banking Tech Awards 2023
Take a look at the 2023 Banking Tech Awards finalists!
Experian launches digital checking account and debit card for US consumers
With sign-up taking “minutes”, Experian’s new feature allows consumers to “streamline” their financial experience.
Mexican neobank Albo raises $40m in Series C funding round
The round also saw participation from existing investors Valar Ventures and Nazca Ventures.
Transforming the user experience: the dawn of dynamic knowledge rendering in financial services
With GenAI in financial services, we’re not just on the cusp of significant change – we’re in the midst of it.
UK mortgage lender Perenna raises $52m on the back of its unrestricted banking licence
The equity investment comes from IAG Silverstripe and the lender’s existing backers.
Bright Money lands $62m debt and equity funding
The round consists of $50 million in debt funding and $12 million in equity.
Raisin appoints former UBS chair Axel Weber as advisor and board member
Raisin claims to have experienced a “steep growth curve” amid interest rate hikes and a “savings rush”.
US Bank seeks AI specialist in call for automation and process transformation leader
The bank says a “significant component” of the role will be to “leverage new technologies in the AI arena”.
Singapore’s Grab pulls the plug on investment services citing non-viability
Customers will have to withdraw their money by 13 October, after which the accounts will be permanently closed.
Mercedes-Benz drives in-car fuel payments through new Mastercard partnership
Drivers will be able to complete refuelling payments via an in-car fingerprint scanner.
Santander reorganises structure to streamline operations
The bank has merged its retail and commercial businesses and created a new digital consumer banking business.
CardsPal founder and CEO Saim Yeong Harng steps down three months after Utu acquisition
Utu acquired the Singapore-based lifestyle app in June following its $33 million Series B.
EWA start-up ZayZoon secures $34.5m in Series B funding round
The round was led by Framework Venture Partners, with participation from additional investors.
Video: Citi Ventures at FinovateFall 2023 – This year’s fintech funding trends
We catch up with Arvind Purushotham of Citi Ventures to discuss the current fintech funding landscape.
Sibos 2023: BMO taps DailyPay to offer earned wage access to commercial clients
The news was announced at the Sibos conference, which is being held in Toronto, Canada, this year.
Pakistan’s latest challenger HugoBank gains preliminary approval
It will position itself as a retail bank offering digital financial services to boost financial inclusion in Pakistan.
Financial super-app Curve bags additional £58m in Series C extension
The additional cash brings Curve’s total Series C funding to over £133 million.
Sibos 2023: “Would you like data with that?” – why ‘good’ corporate banking is now far more than just the money
We’re starting to see more FIs providing data services as part of their corporate banking offering.
Video: How Mauritius is emerging as a global financial services hub
We speak with the Honourable Mahen Kumar Seeruttun about the evolution of the financial services landscape in Mauritius.
What the FinTech? | S.4 Episode 16 | Meeting customer needs in a cost-of-living crisis
In this episode of the podcast, we’re joined by Andrea De Gottardo, CEO of UK digital bank Kroo.
Sibos 2023: Cross-border payments dominate day one of Sibos with Swift-Wise partnership announced
The new partnership comes amid a host of Swift-led panels at Sibos focused on payment innovations.
Video: TD Bank at FinovateFall 2023 – The evolution of commercial banking
We chat with Chris Giamo of TD Bank about the state of play for commercial banking in North America.
Video: Piermont Bank at FinovateFall 2023 – Achieving digital acceleration
We chat with Rodrigo Suarez of Piermont Bank about how incumbents can achieve digital acceleration.
HSBC UK taps Nova Credit for international consumer credit data
HSBC previously invested $10 million in Nova Credit’s Series B round in September 2022.
Daily News at Sibos 2023
Download your free copy of the Daily News at Sibos publication today!
FinTech Futures: Top five stories of the week – 15 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
What the FinTech? | S.4 Episode 15 | How Scotland is aiming to become a global fintech hub
In this episode of the podcast, we’re joined by Nicola Anderson, CEO of FinTech Scotland.
UK challenger Kroo looks to raise £70m Series C as it takes on banking transparency
Kroo is looking to family offices, institutional investors, VCs and private equity in the UK, US and Europe.
