“What are we getting for our tech spending?”
Research has shown there is no industry-level correlation between spending on tech and growth.
Financial Services/Finserv
US neobank Oxygen switches focus from banking to health in new strategy
Consumers and business users have been informed that their accounts will be closed on 29 March.
Video: Kern AI at FinovateEurope 2024 – The importance of data-centric RAG
At FinovateEurope 2024, we spoke with Johannes Hötter, CEO and co-founder of Kern AI.
Cartoon: Hold, please…
AI tech is reducing the likelihood that any of us will soon talk to a live customer support agent.
FinTech Futures: Top five news stories of the week – 8 March 2024
Our pick of the top fintech news stories this week includes Fiserv, Monzo, Virgin Money and more.
US digital bank Green Dot hires Melissa Douros as new CPO
The new CPO will head product design and team development for the Texas-based fintech.
Qonto snaps up finance automation start-up Regate to bolster accounting services
The acquisition will enable Paris-based Qonto to expand its offering to accounting firms.
Forget the accolades and the pleasantries and pay us
For this International Women’s Day, and for all the days that follow, my message is simple: pay us.
From start-up to unicorn – the rise of Revolut
Vytautas Danta, CCO and deputy CEO of Revolut’s European entity, discusses the fintech’s remarkable rise.
Video: KoreFusion at FinovateEurope 2024 – Payment innovation’s role in emerging markets
At FinovateEurope 2024, we sat down with Daniel Ben-Aron, vice president of APAC at KoreFusion.
Finastra appoints Mike Stawchansky as new senior VP and CTIO
Stawchansky will be responsible for guiding the firm’s customer technology and GenAI development plans.
Société Générale deploys iGTB’s Corporate Treasury eXchange solution
The French bank plans to leverage CTX’s real-time liquidity management capabilities.
Demystify Podcast: Next-generation financial services with Charlie Platt of SAP Fioneer
In this podcast episode, Dharmesh and Dave talk with Charlie Platt, Managing Director of Banking at SAP Fioneer.
Enfuce appoints new CPTO to help accelerate global expansion plans
Enfuce recently appointed Laurence Krieger as chairman of its UK board and was granted a UK EMI licence.
Egypt’s Alexbank partners Mastercard to advance payments strategy
The partnership will focus on expanding Alexbank’s acquiring business and credit card base.
Crabs and KPIs
The majority of organisations fail because they allow folks to see what other teams do as ‘not my problem’.
Cotribute tapped by Clearwater Credit Union to streamline digital account opening and loan origination processes
The partnership will see Clearwater leverage Cotribute’s consumer and business digital account opening modules.
Fiserv reportedly in the running to acquire Shift4 Payments
According to a recent Reuters report, final bids for a potential takeover are due to arrive in the coming weeks.
Deel acquires Africa-based payroll company PaySpace
Deel says it has also surpassed $500 million in annual recurring revenue since its inception in 2019.
CGS International in Singapore taps Broadridge for securities finance platform
The firm will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution.
Banking Technology Magazine March 2024 issue out now
Cover story: CREATIVE THINKING – How a borefest could lead to the best ideas.
BaaS vendor Synctera lands additional $18.6m Series A cash injection
Going forward into 2024, Synctera plans to launch its new payment product SyncteraPay.
Monzo’s valuation tops $5bn with $430m Alphabet-led funding round
The round was led by Alphabet’s independent growth fund, CapitalG.
GFT Technologies names Ian Oswald as new executive director
Oswald joins GFT from EY, where he was a partner in the company’s technology consulting team.
What the FinTech? | S.5 Episode 3 | Quantum computing in financial services
In this episode of the podcast, we’re joined by Dr Philip Intallura, Head of Quantum Technologies at HSBC.
Avenue Bank lands full banking licence from Australian Prudential Regulation Authority
The approval comes less than three years after the bank was first awarded a restricted banking licence.
Online pension provider PensionBee announces US expansion plan
PensionBee is partnering with an unnamed US financial institution to enter the US market.
Indonesian fintech start-up Wagely lands $23m in mix of equity and debt financing
Wagely provides businesses with an earned-wage access (EWA) solution for employees.
Former UK chancellor Lord Hammond appointed new Railsr chairman
Lord Hammond replaces Rick Haythornthwaite, who is standing down to become chairman of NatWest Group.
OTP Bank partners Iliad Solutions for payments testing platform
The Budapest-based bank is to leverage its new partner’s payments testing and certification platform, t3.
Cartoon: Incumbency advantage
A new cartoon illustrating the dominate position of incumbents in the financial services industry.
ICYMI fintech funding round-up: Embat, Slice, NayaOne, MoneyHash and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 1 March 2024
Our pick of the top fintech news stories this week includes Webull, Citi, Blackstone, Enfuce and more.
ClearBank promotes risk and compliance chief Emma Hagan to UK CEO
Hagan has been tasked with leading the platform’s UK operations and market expansion efforts.
UK wealthtech start-up Sidekick debuts new wealth management app
The recent launch became feasible after the start-up secured £3.3 million in pre-seed funding in 2022.
The history of banking technology vs the history of banking experience
Over time, the transactional aspects of banking have been solved, but not the emotional ones.
Real-time payments platform Volt lands UK EMI licence from FCA
With the new licence, Volt plans to enhance its cash management offering Connect to include virtual accounts.
Northern Trust taps Finbourne Technology for data management solutions
Northern Trust will leverage Finbourne’s LUSID and Luminesce offerings.
FinovateEurope 2024: Digital transformation, shifting customer expectations and Africa’s fintech growth
Influential figures from across the financial industry assembled in London for the final day of FinovateEurope.
State of play: banking
Banks are facing a myriad of challenges, from transformative technological shifts to increasing competition.
