Wizards of Oz pull back curtain on open banking
Australian open banking review published – but still seeks feedback.
Digital
Brief: Deliver the digital bank
Speed up transactions in consumer banking and financial services.
UK regulator pushing hard on GDPR compliance
Financial Conduct Authority looking to get firms ready for the EU General Data Protection Regulation.
TrueLayer makes Zopa an open banking player
API developer platform partnering with UK financial services company for launch of products.
Top fintech stories this week – 9 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Infographic: 77 facts about cybercrimes one should know in 2018
Did you know that 75% of mobile apps would fail a basic security test?
Radius Bank mixes it with Alloy for digital revamp
Massachusetts-based bank plans to become a digital-first entity.
Singapore regulator gives customer onboarding guidance
New guidance on the use of tech solutions for non-face-to-face customer onboarding.
Banco Postal implements Fiorano’s integration software
Fiorano’s tech helps integrate with Banco Postal’s two core banking systems and national payment subsystem.
Deutsche Bank’s multibanking service goes live
One login to rule them all – for transferring money from all aggregated accounts.
India’s RBL Bank calls for fintech start-ups
Funding and mentorship on offer for 20 firms.
Personetics AI fuels Tandem’s digital insights
Bank will use Personetics’ Cognitive Banking Brain for new offerings within its digital banking.
US challenger Marathon International Bank to join fintech race
Will cater for the Ethiopian American community.
Onfido to power KYC for Arro Money
Identity verification firm fuels know your customer checks.
Strangers in a Foreign Land: when incumbent retail banks “go digital”
It’s not practicality that makes banking in a foreign country hard. It’s bankers.
Trustbank Amanah goes live on Path Solutions’ iMAL core banking system
The first Islamic bank in Suriname opts for system from Path Solutions.
Fintech funding round-up: 7 February 2018
Welcome to another wave of wondrous wealth. Features Autobooks, Finomial and Rebuildingsociety.
Deutsche Bank waltzes into open source space
“Waltz” solution allows organisations to gather information from multiple sources.
Ripple powers LianLian’s payments to China
Hong Kong-based money service will use xCurrent blockchain solution.
Warburg Pincus buys majority stake in Fiserv lending business for $395m
Warburg Pincus is busy again with the acquisition of a 55% share.
UK regulator reveals retail banking remedies
Overdraft warnings are one of the fixes brought in as part of CMA’s investigation.
ADGM heads e-KYC utility project in UAE
Abu Dhabi Global Market has started the development of an electronic know your customer utility.
PrePay Solutions takes a shine to challenger bank Coconut
PPS is providing the banking infrastructure and card technology.
UK fintech in record VC investment
VC investment in the nation’s fintech firms was up 153% at $1.8 billion in 2017.
Coupa Software teams up with Tuition.io
Business spend management platform partners with Los Angeles-based fintech.
Personal Capital launches socially responsible investing
Clients can select a strategy with same pricing structure as the rest of its offerings.
Lloyds Bank cutting 930 jobs
Within its commercial banking, community banking, insurance, and wealth and risk management.
NAB is a Good Shepherd for Microfinance
Speckle is launched in Australia – a new service offering small loans under $2,000.
Blockchain and Bitcoin round-up: 6 February 2018
Features Virgin Money, Tech Bureau, Japan Net Bank, Waves Platform and Tokenomy.
Payments round-up: 6 February 2018
Stars SafeCharge, WorldRemit, Wing Cambodia Limited Specialised Bank, PaymentComponents and Amazon India.
Starling a great Flux for digitised loyalty rewards
Integration marks the second stage in their partnership.
Credit Union Australia feeling Rosie with Flamingo AI insurance chatbot
Provides a service for potential new members visiting its website.
Cisco, Apple, Aon and Allianz unveil cyber risk management solution
Combines evaluation services, technology, and options for cyber insurance coverage.
Fintech funding round-up: 5 February 2018
First one of February features Ohpen, Penta and Behalf.
Women in fintech: people will be empowered by connectivity
Swiss RE’s Cecilia Sevillano talks about her journey in the industry.
Virtual agent Amelia answers Credit Suisse’s call for tech support
IPSoft’s virtual agent Amelia is not just smart, but also has human qualities such as emotional awareness.
UK government pushing for cybersecurity clarity
Plans to simplify incident responses and a reduction in fines.
Standard Chartered signs for Moneythor’s digital banking toolkit
The project is in line with Standard Chartered’s objective to be “the digital bank with a human touch”.
TIA Technology acquires Danish insurtech start-up goBundl
TIA’s core insurance platform will be combined with goBundl’s self-service digital frontend.
Xero and Kaseya form data sharing duet
Cloud-based accounting platform and IT management solutions provider get together.
