Banking systems go down at South Africa’s Standard Bank
Bank reported problems with its self-service channels.
Digital
Fintech funding round-up: 28 February 2018
Features Babb, Payslip and a global reminder.
Digital transformation: is NatWest leading the way or going a step too far?
A bold new move that could shake up the banking industry.
Hong Kong’s fintech scene gets budget boost
Financial services and fintech sectors get handy boost of $63.9m over next five years.
Facebook Messenger fuels Mastercard’s payments pursuit in Africa and Asia
Pilot in Nigeria is start of larger plan to get more businesses into their version of digital economy.
Global VC investment in fintech reaches record $27.4bn
Driven by surge in India, US and UK, Accenture analysis finds.
Dream Payments and Mastercard speed up insurance payouts
Cloud-based payments platform Dream Payments has teamed up with Mastercard.
ANZ seeks innovation throne with Data Republic
Bank takes an equity stake in local start-up to boost its data innovation ambitions.
Oman’s Bank Muscat refreshes on TCS Bancs core system
System will be used for its fund and investment operations.
Fintech funding round-up: 27 February 2018
From the US to Brazil – stars Pagaya Investments, C2FO and RecargaPay.
Virgin Money’s digital bank edges to beta testing
Beta testing expected in the second half of this year.
UK regulator turns cash saver with new credit card rules
FCA says new rules will save consumers between £310m and £1.3bn a year in lower interest charges.
NatWest unleashes four fintech accelerators
UK hub hullabaloo in Bristol, Edinburgh, London and Manchester.
FCA orders Vanquis to repay customers £168m for price disclosure fails
Also hit with fine of £1.97m for not disclosing full price of an add-on product.
ID Finance brings behavioural biometrics to fraud fight
Barcelona-based firm incorporating biometrics into its AI-based fraud scoring engine.
Bazaarvoice acquires e-commerce app provider AddStructure
Addstructure offers search and discovery apps for e-commerce merchants.
Kawartha Credit Union picks Fiserv’s DNA for revamp
Ontario-based organisation has opted to replace its Acumen core processing platform.
TD Bank outage outrages US customers
It wasn’t a good week (or even longer) for US customers.
The Future of European Fintech Alliance calls for API banking order
Alliance wants to ensure bank APIs under PSD2 have the necessary functionalities and performance.
Infographic: all things Amazon
Check out this nifty infographic created by 16best.net about all things Amazon.
US Bank and AutoGravity team to “revolutionise” digital car buying
Giving those looking for auto financing a straightforward process and a loan decision within minutes.
Equifax turns to Entersekt for online and mobile services protection
Entersekt’s Transakt solution will be an additional layer to protect Equifax’s online & mobile services.
POPin’s clever notion for video banking emotion
New app added to its interactive mobile solution to work out emotional state of customers.
BB&T banking systems go down
North Carolina-based organisation’s ATMs and digital operations affected.
Challenger bank Monzo in head of compliance search
Monzo: “We’re looking for a pragmatic, collaborative and experienced head of compliance.”
BNP Paribas fires up new investment fund for start-ups
More help is on the way for the young guns of fintech and insurtech.
Top fintech stories this week – 23 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
BIAN plans API hours with new guidelines
Banking Industry Architecture Network publishes updated version of its standardised global IT architecture model.
NatWest in AI driven “digital human” test
In advanced testing stage of a new AI prototype called Cora.
Deutsche Bank to axe 500 investment banking jobs
Also looking to cut costs and may relocate its client business out of UK in response to Brexit.
It’s all Appian for Santander’s speedy BPM plans
US-based provider of low-code applications helps out with business process management.
Instarem teams with Ripple for Southeast Asia payouts
Instarem to offer payouts for Ripple’s enterprise blockchain network members.
Jyske Bank turns to Munnypot for robo-advisory tools
Munnypot breaks out of the UK with its robo-advisory proposition.
Surviving the digital era by accident: banks and gen X bankers
The digital era is here and, with it, a generation that champions creative forces and conversational integrity.
First Direct yearns to be markteplace king with artha pilot
Artha pilot using technology from UK-based web and mobile app Bud.
Lloyds preps for PSD2 with £3bn digital investment
Three-year strategy to bolster its digital capabilities – job cuts are included.
Defining the insurance company of the future
Just as customer demands are changing in a digital economy, insurtech-driven change is also inevitable.
Fintech funding round-up: 21 February 2018
Stars Anyfin, CivilisedBank, Greenlight Financial Technology, Even Financial and Wealthsimple.
Neobank Xinja readies for launch with Australian credit licence
Plans for its mobile-only bank in Australia are edging forward.
Degussa Bank finds its Germanic match with API start-up Giromatch
Team up to launch pilot project offering virtual Visa credit card for shopping with Amazon Business.
