MVB Bank in tech overhaul with Jack Henry’s Silverlake core system
MVB Bank, a $1.4 billion community bank in West Virginia, has signed for a new core banking system, Jack Henry’s Silverlake.
Digital
Samba Bank live with new core banking system, Temenos’ T24
Pakistan-based Samba Bank Limited, a subsidiary of Saudi Arabia’s Samba Financial Group, has gone live with new core banking software, Temenos’ T24 (R15).
NetGuardians signs fintech deal with Keystone Bank
Nigeria-based Keystone Bank has selected the FraudGuardian solution from NetGuardians for protection from online banking fraud.
Top ten fintech features in 2016
Look back at some of the top-read feature articles on all matters fintech published by Banking Technology in 2016.
Are we heading for an identity crisis in fintech?
Establishing if someone is who they say they are in today’s virtual world is a major headache for banks and fintechs, thanks to the strict regulations they operate under and the difficulty in providing non-physical, verifiable forms of identity.
Digital bank for migrants and expats, Monese, raises $10m
Monese, a mobile-only bank founded by Norris Koppel, an Estonian expat in London, has raised $10 million in Series A funding round as it looks to go pan-European.
ICICI Bank and HDFC Bank embrace social media
ICICI Bank goes for Twitter, while HDFC Bank banks on Facebook Messenger.
New digital bank coming to Middle East, Bank Clearly
Bank Clearly, a new digital banking service, is being set up in the UAE. Clearly will offer account opening “in seconds, completely online”.
Alpari Bank and Attic Lab embark on blockchain-based e-money project
A Ukrainian fintech start-up, Attic Lab, has signed a deal with a local bank, Alpari Bank, to implement blockchain-based banking system SmartMoney.
Westpac picks Oracle and Accenture to build new enterprise-wide customer data hub
Westpac has embarked on a major project to roll out a new data integration solution – Oracle Customer Hub – bank-wide. It is understood that SAP was Oracle’s main contender for the deal.
Top ten payments projects in 2016
Look back at some of the major payments projects in 2016, with Banking Technology’s top ten.
Top ten digital bank initiatives in 2016
Look back at some of the major digital bank initiatives across the globe in 2016, with Banking Technology’s top ten.
UK retailer House of Fraser to invest up to £35m in challenger bank Tandem
A UK-based challenger bank, Tandem, will start offering financial solutions to customers of retailer House of Fraser in 2017. As part of the collaboration agreement between the two companies, House of Fraser will invest up to £35 million in Tandem.
Top ten fintech opinion pieces in 2016
Look back at some of the most interesting and thought-provoking opinion pieces on all matters fintech published by Banking Technology in 2016.
Top ten fintech events in 2016
Look back at some of the major fintech events in 2016, with Banking Technology’s top ten! Sibos 2016: markets still in “Dante’s circles of hell” It’s the big one. And this is just one snippet from our extensive coverage of Sibos in Geneva. We also produced videos, published Daily News at Sibos, had fun with […]
Top fintech stories this week – 23 December 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! The last weekly news round-up of 2016. Happy holidays from everyone at Banking Technology!
Top ten digital channels projects in 2016
Look back at some of the major digital channels projects in 2016, with Banking Technology’s top ten.
State Street tests blockchain for securities lending
State Street is concluding its testing of a blockchain system from securities lending and is pondering its roll-out in 2017.
Top five banking tech case studies in 2016
Our pick of banking tech and fintech case studies – published by Banking Technology in 2016.
Hungary’s central bank endorses instant payment infrastructure plans
Hungary’s central bank and regulator, Magyar Nemzeti Bank (MNB), is bringing a new instant payments system to the country. It will require “state-of-the-art IT and communication solutions in payments”.
Varo Money to launch bot and money coach, Val
Mobile banking app Varo Money is brining to market a chatbot and “money coach”, Val. Val is powered by Kasisto’s KAI Banking bot and “delivers insights into spending, savings, borrowing and helps people set goals as well as offer updates and encouragement about their progress”.
BNP Paribas trials blockchain payments for two corporate clients
BNP Paribas has processed “several live payments” using blockchain technology for two of its corporate clients, Amcor and Panini Group.
Italian banks set up cybersecurity response team, Certfin
The Bank of Italy, the Italian Banking Association and the ABI Lab Consortium have signed an agreement to set up Certfin – “a highly specialised Computer Emergency Response Team (CERT) for Italy’s financial sector”.
Implementation of market abuse rules exposes gaps in communications monitoring
Since the Market Abuse Regulation (MAR) came into effect in July 2016, our ongoing conversations with banking organisations indicate that whilst the regulation is aimed at improving market integrity, it has also exposed inefficiencies within some banking monitoring systems.
Credit card firm MBNA sold to Lloyds for £1.9bn
Credit card firm MBNA is to be taken over by Lloyds. The firm’s current owner, Bank of America, has agreed to sell it for £1.9 billion. The deal is expected to close in H1 2017.
Why the Uberisation of the banking industry can’t come soon enough
Building emotional bonds with customers is a strategic imperative, and why the change programmes currently being undertaken at banks need to recognise the hidden lessons of Uber.
Challenger bank: Starling – purple reigns
UK challenger bank Starling talks about finding its niche and how it intends to prosper in an increasingly competitive space – all in preparation for its 2017 launch.
US core banking systems round-up: 19 December 2016
Get straight to the core of US core banking systems projects with this brief round-up. Oklahoma-based Green Country Federal Credit Union has selected Fiserv’s Portico core account processing platform for digital and mobile banking, and functionality for commercial lending. Green Country is transferring its technology from an array of providers to Fiserv, and the latter […]
Fidor teams with Token for digital payments
Token, a Silicon Valley-based crypto-payment software provider, and digital bank Fidor have signed a memorandum of understanding (MoU) for digital payments. The MoU will see Token’s software made available within Fidor OS, its digital banking and open community middleware solution. Steve Kirsch, founder and CEO of Token, says its software enables banks to “call the […]
Top fintech stories this week – 16 December 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Will an open banking API kill commercial APIs?
The PSD2 directive will let third parties use the information stored in financial institutions and the only path to achieve this leads through an open API. The API is now being discussed and developed, but it’s not clear when it will be finalised, released and deployed.
Citi and FIS get pally with PayPal
Citi and FIS have formed separate agreements with PayPal for Citi cardmembers and FIS linking payment cards. For Citi, its customers will be able to use their Citi Cards with PayPal – online, in-app and in store – in 2017. Terms of the agreement are not being disclosed. With this agreement, Citi says it is […]
Beige Capital in Temenos T24 core banking revamp
Ghana-based Beige Capital Savings and Loans (BCSL) is in the final stages of rolling out Temenos’ T24 core banking system. The T24 project formally kicked off in February this year, after the November 2015 launch of BCSL’s new technology centre in Accra. During that same period consultants from Temenos and London-based systems integrator Jethro were […]
Banking Technology Dec 2016 / Jan 2017 issue out now
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
RegTech Futures: hipsters, hackers and hustlers – making innovative compliance a reality
At last week’s RegTech Futures summit in Amsterdam, organised by FinTech Futures and supported by Banking Technology, the potential of regtech innovators to re-imagine compliance – reducing the cost, creating more robust systems and creating new opportunities for deeper digitisation – was discussed in depth.
Fintech funding round-up: 13 December 2016
Who is investing in what? Our latest fintech funding round-up, mercifully brief as usual. Featuring ApplePie Capital and Firepay.
Blockchain: a real opportunity for retail financial services
Given the pace of change and innovation underway in traditional industries it would take a brave person to predict how the finance industry will look in five years’ time, however I don’t believe high street banks will disappear and be replaced by online blockchain alternatives, the regulatory hurdles are just too high.
Fiserv acquires cash management software vendor Online Banking Solutions
Online Banking Solutions (OBS), an Atlanta-based provider of cash management software, is being taken over by banking tech giant Fiserv.
Fintech funding round-up: 12 December 2016
With so much fintech funding activity going on, we’ve summarised the latest fundraising efforts of start-ups. Featuring Lunar Way, FXCH and Polychain Capital.
AnaCap to acquire Barclays’ French retail banking & wealth management ops, complete IT overhaul planned
AnaCap Financial Partners, a UK-based private equity firm, is set to acquire Barclays’ French retail banking business, life insurance business, wealth and investment management and brokerage operations.
