The financial services technical “Grand Design”
A financial services organisation must plan and design what it will look like.
Digital
Open Banking home finance start-up Youtility raises £4.5 million
Venture funding round to be used on new products and new hires.
Lloyds, Virgin Money and Direct Line announce fresh job cuts
The three firms blame changing customer behaviour for the downsizing.
UK fintech B-Social raises £7.8m ahead of ‘Kroo’ rebrand
The fintech has “significantly progressed” with its pre-application for a UK bank licence
Europe’s joint largest fintech start-up Klarna reports its first annual loss
The operational loss is down to its US expansion and its set up of a Berlin-based tech hub.
How Ripple and Azimo are using XRP for remittances in the Philippines
Azimo and Ripple speak to FinTech Futures about their new partnership.
ConsenSys-backed start-up Apex:E3 launches analytics platform
Initially focusing on digital assets, the fintech will branch out to more traditional asset classes in the future.
Tonik digital bank raises $6m as it gears up for launch
It’s set to be the first of its kind in the country.
SimCorp picks GlobalLogic to refit Dimension on the cloud
SimCorp sees cloud as an important investment for Dimension.
Canada’s RBC to create US digital bank for “super-affluent” consumers
It will arrive in the US later in 2020 or early next year.
TripActions lands $500m credit facility from SVB, Goldman and Comerica
TripActions Liquid will float an employees’ travel spend.
Malaysia’s biggest telco Axiata reveals plans to bag digital banking license
The country’s central bank announced its plans in December to issue up to five licences.
The impact of COVID-19 on the Chinese market
The effects of the coronavirus on the local fintech market isn’t all negative.
Achieving reconciliation maturity will be easier in the decade of data
Financial professionals feel more comfortable entrusting their data to the cloud.
Revolut bags $500m from TCV to drive daily account usage
The challenger wants to “accelerate daily usage of accounts”.
Banks rely on big bang system replacements to cope with real-time demand
An evolving customer base demands accelerated time-to-market, says Oracle’s Vikram Gupta.
Sogexia nabs Luxembourg licence, starts migrating 180k UK customers
Neobank mitigates Brexit impact with new EU payment licence.
Data firm Akoya spun out as independent company by FMR
Akoya goes it alone after less than a year under FMR umbrella.
Three top tips to combat visual hacking
Make it hard for screens to be viewed, consider installing privacy filters and other points.
JP Morgan plans launch of digital consumer bank in UK
The US bank has been in discussions with UK financial regulators.
Central bank of Brazil plans launch of QR-based instant payments system PIX
All banks with more than 500,000 customers will have to use the new system.
WeChat Pay boosts UAE footprint with Network International
Network International partners now able to connect to WeChat Pay.
Credit card start-up Tribal Credit secures $5.5m in seed funding
New firm aims to help start-ups in emerging markets.
US gets new challenger Level Bank by Zero creators
CEO Bryce Galen says the new venture has “the highest APY-deposit account in the US”.
How APIs overcome the challenges of digital transformation
No transformation is pain-free.
Bank of Singapore appoints new chief data and innovation officer
Celine Le Cotonnec will join the institution in its newly created role.
Bremer Bank aims to revamp digital banking with Backbase
Minnesota bank looks to boost customer experience with Backbase tech.
Morgan Stanley to buy E-Trade for $13bn in bid to tap online traders
The Wall Street investment bank is branching out from its wealthy client base.
iSignthis to form blockchain venture with NSX to compete with ASX
NSX suspended iSignthis from trading on its platform five months ago.
Barclays spies on staff, CEO investigated for Epstein links
The technology tells staff to mute their phones and avoid breaks.
US banks debut cloud-based Finastra Phoenix platform
Commerce National Bank & Trust and Commencement Bank deploy Phoenix on public cloud.
Standard Chartered snaps up top fintech exec
Kahina van Dyke joins Standard Chartered CCIB from from Ripple.
Opel Bank becomes first European lender to pick FIS Modern Banking Platform
FIS follows up its Union Bank deal with a new partner in Germany.
Taking chances: An interview with Chuka Ikele, legal counsel at CrossLend
Drawing connections between the correlation of law and finance.
Fiserv completes PIN on Mobile pilot in Poland
The tech vendor worked with Visa, Samsung and PayCore to test new product.
Mastercard plans its first European cybersecurity centre
The Cyber Resilience Centre will work with European cybersecurity agencies.
FCA: Innovative fintech entrants putting some customers at risk
UK watchdog warns of customer risk exposure from flashy fintech firms.
Pakistani challenger Sadapay preps 2020 launch
New mobile wallet will target Pakistan’s underbanked and freelancer market.
Monzo set to hire another 500 and reintroduce paid accounts
CEO Bloomfield says it is also looking into lending more as a revenue driver.
Report: The digital drive to replace the passport in financial services
FinTech Futures publishes its latest industry report, on digital identity and fraud.
