DZ Bank partners Surecomp for collaborative trade finance platform
DZ Bank acts as a central bank to more than 700 cooperative banks in Germany.
Corporate & Commercial Banking
Merrick Bank partners Kompliant for digital merchant onboarding
The merchant acquirer is to utilise the vendor’s workflow automation tools.
Citi extends USD Clearing service to Middle East in partnership with Emirates NBD
Emirates NBD plans to extend the service to all its 853 branches across the world.
Video: CD Valet at FinovateSpring 2024 – The future of CDs and the challenges in today’s deposit marketplace
Josh Williams of CD Valet discusses the challenges of building deposit portfolios faced by financial institutions.
Beobank selects Viva to power new corporate payment solutions for SMEs in Belgium
An “end-to-end corporate solution” comprised of Viva’s omnichannel paytech and Beobank’s SME banking services.
FinTech Futures: Top five news stories of the week – 7 June 2024
Our pick of the top fintech news stories this week includes Visa, Monzo, JP Morgan Payments, Funding Circle and more.
ICYMI fintech funding round-up: Landytech, Frich Money, Swiipr and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
From castles to banking ecosystems: the continuous evolution of banking software
The history of banking software is driven by the march of technology and ever-changing customer demands.
Business banking start-up GoDutch launches in the Netherlands
The start-up is aiming to “revolutionise business banking by redefining what ‘fair banking’ truly means”.
Business banking start-up Relay raises $32.2m in Bain Capital Ventures-led Series B
The Relay platform is designed to “help small businesses take control of their cash flow”.
Comerica Bank & Trust reaches formal agreement with US OCC over enforcement action
The OCC has ordered the bank to create a compliance committee as part of the action.
HSBC launches e-commerce payment solution Omni Collect in UAE in partnership with Geidea
Geidea has been selected to enhance the offering by integrating a merchant acquiring facility.
Bank Muscat’s Meethaq goes live with Temenos’ core banking tech
The bank claims to have migrated “over 200,000” customer accounts to the new cloud-based platform.
Rich Data Co inks first US deal for AI decisioning platform with M&T Bank
North America’s sixth-largest commercial bank has tapped the platform to “detect more early warning signs” in lending.
ABN Amro acquires Germany’s Hauck Aufhäuser Lampe in €672m deal
The deal is expected to close in Q1 2025 pending regulatory approvals.
FinovateSpring 2024: Rethinking customer experience and boosting diversity in financial services
FinovateSpring 2024 concluded on Thursday after a day filled with thought-provoking panels and keynotes.
HSBC UK partners accounting software provider Ember for My Business Finances tool
The tool aims to help small businesses comply with the UK’s upcoming Making Tax Digital initiative.
Vietnam’s PVcomBank launches mobile banking app powered by Temenos Digital on AWS
PVcomBank has been running on Temenos Core for retail and corporate banking for over 10 years.
Avidbank partners Corserv to launch commercial credit card programme
The bank will utilise Corserv’s Account Issuer solution to power its new credit card offering.
Emirates NBD taps Pine Labs to enhance merchant acquiring services
Emirates NBD will implement Pine Labs’ Credit+ solution.
Banque Internationale à Luxembourg goes live with Temenos’ core banking and payments tech
BIL has actioned a major technology overhaul of its retail, corporate and private banking operations.
JP Morgan Chase to pay additional $100m penalty to US regulator over trade surveillance data gaps
The bank was previously hit with a $348 million fine from the OCC and FRB in March.
Celebrating 25 years of innovation: Banking Tech Awards 2024 nominations now open
Nominations for the Banking Tech Awards 2024 are now officially open to companies worldwide!
White paper: Redefining banking for the digital future
Learn how to harness digital-first, on-demand banking to increase bottom lines.
State Bank of India deploys HCLSoftware tech to digitise customer communication
SBI – the largest bank in India – is to utilise the HCLTech subsidiary’s HCL Unica platform.
OakNorth launches SMB commercial cards with Marqeta platform
The new offering will also include deposit accounts and automation tools for bill payments.
Jordan Kuwait Bank digitises transaction banking functions with iGTB platform
The bank’s new digital capabilities are being powered by the open finance platform eMACH.ai.
EverBank strikes two new deals to digitise commercial banking and payment processing systems
The US-based bank has partnered with Backbase and banking and payments fintech Finzly.
United Bank in Alabama taps Jack Henry for digital upgrade
The bank is to adopt the vendor’s LoanVantage solution and Banno Digital Platform.
Alisa Bank snaps up invoice financing fintech Puro Finance to bolster SME services
Puro Finance is expected to operate as a subsidiary of the bank upon closure of the deal in May.
UBS and SuMi Trust joint venture to acquire Credit Suisse wealth management business in Japan
The JV will absorb Credit Suisse’s Japanese advisor base and wealth management assets.
Busey Bank launches commercial credit cards with Corserv
The bank is delivering the cards using Corserv’s account issuer programme.
UAE’s Zand Bank taps Infosys Finacle to bolster its corporate banking capabilities
Zand’s CEO claims the move will enable “seamless deployment of digital assets, AI, and blockchain technologies.”
MAS unveils new Cosmic platform to help banks defend against terrorism financing and money laundering
Cosmic was co-developed by MAS and six banks – Citibank, DBS, HSBC, OCBC, UOB, and Standard Chartered.
Mutual Trust Bank in Bangladesh partners IDEX Biometrics for new payment card security feature
The bank has tapped its partner’s IDEX Pay solution to install fingerprint sensors into its physical card offering.
Former Goldman Sachs director Swati Bhatia joins Santander Bank as head of retail banking and transformation
Bhatia counts the likes of Stripe, PayPal and Capital One among her previous employers.
Anext Bank in Singapore reportedly receives another $148m investment from parent company Ant Group
DealStreetAsia reports that Ant Group has now invested over $500 million in total in Anext Bank.
Tide names former SVP George Schmidt as new regional CEO for UK and Europe
Schmidt will be responsible for leading Tide’s recently announced expansion into the German market.
Redwood Bank names David Kennedy as new chief operating officer
Kennedy has previously held leadership positions at Lloyds, Barclays, Shawbrook Bank and Masthaven Bank.
British Business Bank launches new £660m Northern Powerhouse Investment Fund II
Over £1bn of investment has been facilitated to businesses since the launch of the first NPIF in 2017.
