Small business lender BlueVine banks $102.5m in Series F funding
The fintech now has $692 million in total funding.
Corporate & Commercial Banking
Corporate payments struggling to catch retail innovation
Currencycloud’s Todd Latham believes corporate payments will never catch up.
Askari Bank selects Finastra to boost trade finance operations
Pakistan-based bank selects Fusion Trade Innovation.
SoftBank confirms Yahoo Japan and Line Corp merger to create tech giant
The merger is in a bid to better position the companies against competitors.
Sberbank CTO: Banks are ‘no less’ fintech than tech upstarts
“We [the banks] are fintechs,” says Sberbank’s CTO
Explained: The ECB’s role in the banking licence process & UK’s licensing procedures
Cécile Sourbes unpacks the process of licensing in the UK.
Why has Lithuania become a key destination for licensing in Europe?
As part of its newly devised strategy, Lithuania put several tools in place.
Bank Millennium to deploy OneSpan Cronto verification system
The Polish bank chose OneSpan after surveying its customers.
JP Morgan and Baton Systems develop real-time clearing system
New platform to address challenge of tying excess funds across clearing workflows.
Video: Top fintech stories this week – 15 November 2019
FinTech Future’s weekly news round-up.
UBS boss fears Europe’s banks are ‘too small to survive’
Ermotti says it’s no longer a question of ‘too big to fail’.
Tandem appoints former HSBC exec as chief growth officer
Malani will spearhead Tandem’s international expansion into Hong Kong.
JP Morgan signs commercial card deal with Boost Payment Solutions
Software firm to provide new solutions to underpin JP Morgan’s single-use accounts.
Clearing the liquidity fog in 300 milliseconds
FinTech Futures speaks to CEO and founder of RTGS.global, Nick Ogden.
What does AI mean for the banking industry?
It’s beginning to look like the impact of AI on banking will be much more subtle.
BIS appoints head of its new innovation hub
Benoît Cœuré joins from the ECB executive board.
Putting female STEM into financial systems: the role of gender diversity in fintech
Fintech founders must address the gender balance early.
Interac acquires Ottawa-based digital security company 2Keys
2Keys will operate as “2Keys – a subsidiary of Interac Corp”.
The trainer and the tech
Digital design teams need to surround themselves with a diverse group of colleagues.
AI: A force for good?
The last of the two part series by Nadia Sood, CEO at CreditEnable.
Video: Top fintech stories this week – 08 November 2019
FinTech Future’s weekly news round-up.
Silicon Valley Bank expands to Denmark, announces new MD Sebastian Penn
The bank is already backing more than 20 companies in the region.
Goldman Sachs leads $50m Series C funding round for credit card platform Deserve
The funds will go to its “Card as a Service” (CaaS) platform.
American Express partners with Coupa for virtual card integration
Amex cards will be available to Coupa clients from late 2019 onwards.
AFME promotes further adoption of public cloud in capital markets in new paper
The paper also outlines several barriers to cloud adoption at present.
How intelligent service platforms are driving differentiated service experiences in commercial banking
In today’s competitive landscape, creating client value in banking is complicated.
City National Bank of New Jersey shut down by OCC
Three US banks have been closed in two weeks by regulators.
Santander splashes £350m for majority stake in Ebury
The bank’s 50.1% majority stake will put £70 million towards Ebury’s expansion.
Westpac partners with 10x Future Technologies to build new platform
Australian bank hints at moving to 10x technology for its core.
Appway: Firms must seize “opportunity of disloyalty”
Wealth management is a traditionally “sticky” industry.
End-to-end innovation in digital debt management
We speak with Spyros Retzekas, COO, about what’s helped the business thrive.
German bank association fires shots at Libra, calls on politicians and central banks for digital euro
The association wants a crypto led by European commercial banks and politicians.
Case study on Bank of America: How robots help serve and protect the bank
In a bank of this size, there are many areas that would benefit from automation of repetitive tasks.
India’s Yes Bank gets $1.2bn takeover offer from unnamed tech investor
Stocks soared as high as 39% following the announcement.
Great Plains National Bank signs on Teslar Software
Oklahoma-based bank aims to revamp manual processes.
Video: Top fintech stories this week – 01 November 2019
FinTech Future’s weekly news round-up.
Pollinate launches with backing from Mastercard, RBS
Merchant services firm’s first customer is NatWest.
Commonwealth Trade Bank selects Intellect Design Arena’s IDC system
Newly renamed bank to use IDC across multiple operations.
Banking Technology November 2019 issue out now
The identity challenge.
Flywire furnishes Bank of America with cross-border payments solution
Bank’s higher education and corporate clients can expect better cross border service.
