Systems integration: A path to improved speed, efficiency and value
System integration bridges disparate platforms so they are better connected and seamless
Digital
JP Morgan Chase partners with Envestnet Yodlee giving customers more visibility on their data
All customer data will now funnel through the bank’s “secure API”.
Hungary’s central bank says major lenders could be “forced out” by fintechs
The bank mentions the pressures on revenues in a low yield environment.
Nationwide invests in charity app Percent to support local British communities
The investment is part of the UK bank’s £50 million venture fund.
CWB Financial Group selects Temenos Infinity for front office ops
The Canadian firm also deploys Temenos T24 in the core.
UK start-up StorkCard launches joint account for parents to manage childcare
Each carer is issued their own card linked to the joint account.
State Street cuts blockchain developers in potential strategy change
The firm looks to be moving away from a front-to-back DLT implementation.
French challenger Moneway aims to help users control their finances
Countryside neobank preparing to move out of beta.
LatAm Evertec acquires commercial payments enabler PlacetoPay
The acquisition is a gateway for Evertec to tap Colombia and Ecuador.
The driverless bank
A truly digital organisation can live without one of the five P’s that typically creates friction.
Italy’s largest bank UniCredit to cut 8,000 jobs by 2023 to reward shareholders
The bank wants to reach a 2023 revenue target of €19.3 billion.
Mexican lendtech start-up Konfio bags $100m investment led by SoftBank
This is the Latin American start-up’s fourth financing round.
Banking app Monese launches “first” cross-border joint account in Europe
Monese wants to offer an alternative to traditional banks’ “red tape”.
Temenos inks deal with Egyptian National Post
The firm will be replacing 20 legacy systems in the process.
Starling Bank co-founder joins Winklevoss crypto exchange
Julian Sawyer set to lead Gemini’s European operations.
Unpacking Europe’s 2019’s major tech milestones with NIIT
FinTech Futures breaks down this year’s trends with Gautam Samanta at NIIT.
Fintech API platform Rapyd raises $20m and hits $1.2bn valuation
The company is gearing up to make two acquisitions.
German SME challenger Penta teams up with card reader SumUp to tap offline businesses
Penta is breaking out of its online-savvy customer niche.
China gears up digital yuan with potential digitisation of ID cards ahead of 2020 launch
Now the central bank could be entering phase two of its project.
Toucan “first” to test bank account alert to help mental health sufferers
96% of UK mental health sufferers say the alert will be useful.
BCBS: Bank supervisors must pay greater attention to APIs and open banking risks
Open banking comes with benefits to banks but also various challenges.
Legal & General outsources more of its investment arm to Charles River
The firm is moving closer to a centralised, cloud-based platform.
Diversity-focused VC fund Harlem Capital debuts with $40m
The over-arching goal: invest in 1,000 diverse founders over the next 20 years.
Appreciate Group and CleverGift collaborate on UK digital gift card
The card will be UK’s first multi-brand digital gift card.
Monzo hires Visa exec to lead US push
TS Anil will join the digital bank early next year.
Hong Kong’s Hang Seng Bank to unveil 600 cardless ATMs
The ATMs will use contactless technology and QR codes.
Canada’s neobank Koho secures extra $18.8m in Series B to diversify investors
The round was led by Drive Capital and National Bank of Canada’s VC arm, NAventures.
French start-up Pixpay raises €3.1m to tap younger banking generation
The funding round was led by seed and growth investor Global Founders Capital.
Reserve Bank anticipates cardless retail landscape in Australia
Merchant fees on card payments in Australia came to AUS $4.3 billion last year.
What’s next for investment in tech?
Will fintech firms re-evaluate the costs & benefits of public and private ownership?
TCS migrates ABCUL credit unions to Bancs on the cloud
Voyager Alliance, East London and RetailCURe moved to the new platform.
CMFG Ventures hands BankBI Series A investment to tap US market
BankBi will use CMFG Ventures’ US credit union connections.
Hastee raises £208m to boost on-demand payroll systems
The firm will use this new capital to increase its scale.
Private bank for YouTubers and high-net-worth youngsters 220 to launch for users next year
There is strict criteria to join the private banking community.
HSBC and Santander to refund customers after breaking CMA rules
The banks failed to message users going into their overdrafts.
Video: Top fintech stories this week – 29 November 2019
FinTech Future’s weekly news round-up.
Swedish AI start-up Bokio raises €4m led by local investor Creandum
The start-up uses AI to simplify bookkeeping for small businesses.
Dubai regulators sign fintech agreement with Luxembourg commission
The two countries build on a previous deal inked in 2007.
Leaked numbers show only 16% of Curve’s users are active
The UK start-up still insists it will reach 4 million customers by 2020.
Easing the cloud transition using microservices, containers and Kubernetes
The first step is to build new applications using these new architectures.
