Bank of the Philippine Islands deploys Avaloq Banking Suite as SaaS
The new client is Avaloq’s first in the Philippines.
Digital
ANZ promotes Emma Gray to new group executive data role
Gray is rewarded for her work as chief digital officer.
Webinar: Transform your customer experience with modern information management
Real-life examples of how FIs delivered value to customers, reduced technology costs & transformed their businesses.
Tencent buys 5% stake in Aussie fintech Afterpay
It puts Afterpay at a market capitalisation of more than AUD 8 billion ($5.1 billion).
UK fintech Fintuity offers free financial advice to NHS staff
The NHS will have access to the fintech’s online platform and financial advisers.
Luminor Bank deploys facial recognition for customer onboarding with Ondato
The Baltic bank will launch the new solution across Latvia and Estonia in the near future.
Three ways to optimise the finance function during COVID-19
It’s important to find areas of your business that can create positive returns.
The State of Digital Transformation in Financial Services 2020
Digital transformation today needs a balance between ongoing tech innovation and development of new skills.
COVID-19: Highlight of the week
We focus one particular coronavirus news item affecting the fintech industry.
Embark buys Zurich’s UK retail and investment management business
The move is part of Embark’s effort to build its presence in the UK retirement/savings sector.
Video: Top fintech stories this week – 01 May 2020
FinTech Futures’ weekly news round-up.
What the Fintech? Episode 4 | Partnerships: till death do us part
Sean Hunter CIO at OakNorth, offers his advice to companies struggling to make a partnership work.
RBS closes digital bank Bó six months after launch
Customers will be given a notice of “at least” 60 days before their accounts are closed.
US challenger Bambu picks FIS Modern Banking Platform
Tennessee-based challenger bank plans to target the underbanked.
Tide picks Mambu to power credit facilities and overdrafts
Tide is revamping its customer offerings and adding new functionality with Mambu.
Hungary’s central bank unveils first fintech report
The report recorded 110 domestic fintech companies as of 2018.
Overcoming data sourcing issues when testing finance virtual assistants
These testing challenges inherent to AI systems are compounded by data access issues.
Everything I ever needed to know, I learned from the West Wing
We don’t do nearly enough. We can do better and we must do better and we WILL do better.
Hanley Economic Building Society seeks technology refresh with DPR
The building society refits 25-year-old core systems.
Mastercard-backed Trust Stamp spins out subsidiary AiiD Global
EXCLUSIVE: the new subsidiary will specifically develop solutions for emerging markets.
HSBC freezes redundancy plans as COVID-19 hits $6bn overhaul
London-headquartered bank releases Q1 earnings with stark warning for Europe.
Former Oracle VP Smedley joins Red Hat
Smedley joins IBM-acquired Red Hat after 18 years at Oracle.
Iress integrates with Knowledge Bank’s mortgage criteria search engine
Brokers will be able to access lender criteria all in one place.
US banks roll back lending to European companies
“We are increasingly observing an ‘America first’ attitude among large US banks.”
Paysafe partners with Gala Technology to open SOTpay channel
The two firms will work on enabling more transactions for merchants.
Nigerian open banking fintech Okra raises $1m from TLcom
“We’re opening the door to another level of innovation,” says founder.
People power: tracking demand for biometrics in payments
56% of consumers would prefer to use a biometric sensor on their payment card instead of a PIN.
Revolut loses two more financial execs a month after losing CFO
Both leave the bank after 12-month tenures.
Tradeteq to develop quantum-based credit scoring with Singapore university
The project is backed by the Monetary Authority of Singapore (MAS).
Chip raises UK’s ‘largest’ lockdown equity crowdfund on Crowdcube
Chip managed to raise £2.6 million from 4,240 investors.
Currencycloud among first non-bank firms to offer Swift gpi payments tracking
TransferGo, Penta and Money Mover were early participants in the pilot programme.
bunq launches shared ‘bunq +1’ accounts for parents and businesses
Users can add as many bunq +1s as they want for a flat fee of €2.99 each month.
Defending against COVID-19: the unforeseen risks
Leaders and managers may find themselves in a response management mode that is unfamiliar.
Video: Top fintech stories this week – 24 April 2020
FinTech Futures’ weekly news round-up.
Lifetise launches app to assist self-employed with finance support amid COVID-19
It quickly determines the government support options available to them.
Information Builders & Sound Credit Union collaborate on reporting package for COVID-19
IBI’s self-service analytics are designed exclusively for credit unions.
ING-backed Yolt app plugs into American Express
YTS said it was processing 14 million API calls on average per week.
Portuguese government gets one step closer to approving fintech sandbox
The sandbox is part of the government’s Action Plan for Digital Transition.
University of Oxford & Mastercard team up on cyber skills programme
It will feature research, content and data from renowned academics and industry leaders.
How to shift gender balance in fintech
More than a third of fintechs in our sample did not have a single woman on their board.
