India’s FSS and CSB Bank team up to provide banking services to the financially underserved
The partnership will see 1,000 Smart Cash franchises opened in underbanked areas.
Corporate & Commercial Banking
Ameris Bank adds to lending portfolio with Balboa Capital acquisition
Ameris Bank resources will allow Balboa to expand its offering, says Balboa CEO.
NatWest hit with £264.8m fine from FCA for money laundering failures
The fine includes a 33% discount thanks to the bank’s early guilty plea.
The development of real-time payments in the US
In the US, real-time solutions look set to revolutionise payments as we know them.
HSBC and Wells Fargo launch blockchain-based FX settlement solution
The shared, private ledger enhances settlement speed and efficiency and reduces risk.
Goldman Sachs partners AWS for cloud data management and analytics solution
New offering is designed for hedge funds, asset managers and other institutional clients.
Nordic bank SEB to automate billing ops globally with SunTec
SunTec’s Xelerate platform will digitise SEB’s sales process globally.
Mexican spend management start-up Mendel lands $35m in new funding
Funds will be used for product development and to accelerate growth in Mexico and Latin America.
Numerated acquires fellow fintech Fincura
Numerated is “building the future of business banking”, founder and CEO states.
Jeeves and Mastercard partner in Mexico for physical and virtual business cards
Tie-up follows $188m funding for Jeeves, which launched at the start of 2021.
ING CIO Annerie Vreugdenhil leaves to join ABN Amro
Vreugdenhil is leaving after almost two decades with ING.
Landsbankinn prepares for PSD2 with Salt Edge
Iceland’s largest bank will utilise Salt Edge’s international experience and compliance solution.
BNP Paribas partners European paytech SIA to launch branded corporate cards
“The payment card market is undergoing a huge transformation,” says BNP’s head of cards.
CIBC recruits Danske Bank’s Søren Rode Jain Andreasen for digital leadership role
Andreasen’s departure follows 15 years at the Danish bank.
Flinks and National Bank of Canada launch open banking solution
The launch comes amid frustration at the slow pace of open banking in Canada.
Saigon Commercial Bank to revamp cards offering with BPC
The project is partly driven by predicted strong growth in mobile transactions in Vietnam.
Open Banking Exchange Asia formed to further open banking in APAC region
Open Banking Exchange is teaming up with Brankas to provide expertise and collaboration.
Congratulations to this year’s Banking Tech Awards winners!
The ceremony took place on 24 November at the Royal Lancaster Hotel in London.
FairXchange marks United Fintech’s third acquisition in its first year
London company completes busy first 12 months as it builds a capital markets solutions business.
ECB report finds banks failing to meet climate risk goals
The study looks at 112 banks, with €24 trillion of combined assets.
New FinTech Futures Report: The Changing Face of Cybersecurity
The latest deep-dive report and survey in the industry, focusing on the changing nature of cybersecurity in a new age.
FinTech Futures Jobs: Three exciting open roles at OakNorth to apply for
Exciting open vacancies at OakNorth. Apply today!
Cloud banking provider nCino to acquire mortgage neolender SimpleNexus
Finserv provider says acquisition is a “natural expansion” of its digital banking platform.
Singapore fintech Sleek raises $14m to fund global expansion
The company’s platform acts an ‘operating system’ for entrepreneurs and small businesses.
Thinking net-zero
Every bank, fintech, and financial institution should now be looking to prioritise ESG and net-zero initiatives.
Wyoming Bank and Trust selects Computer Services for core banking upgrade
The locally-owned bank has selected CSI’s NuPoint core platform.
US Bancorp to buy expense and travel management partner TravelBank
The deal is expected to close before the end of the year.
UK banks hit by mobile and online banking disruption this morning
Lloyds Bank, Halifax and Bank of Scotland have seemingly experienced service disruption.
Patriot Bank to acquire American Challenger and adopt its tech stack
Patriot will migrate to American Challenger’s technology platform.
CaixaBank completes major systems integration with Bankia
The two banks have merged to become a €680 billion entity.
Standard Chartered taps SAP for SaaS banking connectivity solution
SAP Multi-Bank Connectivity will enhance the transactional banking experience for corporates, the bank says.
ICYMI funding round-up: Tarabut Gateway, TotallyMoney, Quartr & more
Another collection of funding rounds and raises from all over the world you might have missed.
Ebury partners Santander to help German SMEs trade globally
The partnership plans to offer a solution that streamlines cross-border trade.
Citi to take $1.5bn charge shuttering South Korean retail banking business
The charge related to the closure will affect the bank’s operations through the rest of 2021 and 2022.
Argentinian fintech Ualá to acquire Mexico’s ABC Capital
The company launched in Argentina in 2017 before expanding its services to Mexico last year.
FinHub Global Ventures launches new business challenger Mixbank
Mixbank aims to provide banking and cash management for businesses without the need for a credit card.
US cloud AI platform H20.ai raises $100m in Series E round
Commonwealth Bank of Australia led the round and will form strategic partnership with H20.ai.
South African BaaS platform Jumo raises $120m in funding
The company will use the cash to expand into more emerging markets.
Can super apps save the day for SMEs and their banks?
Digitisation needs to be at the heart of the next wave of SME banking services.
BBVA enters open finance partnership with Italy’s Sella
The European multinationals will utilise open banking platform Fabrick.
