Video: pick of the week – European regulator in tech selection; new challenger bank in the US
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Financial Services/Finserv
Banking Tech Awards 2021 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
NAB lands approval for 86 400 acquisition despite competition concerns
86 400 bagged its own banking licence back in 2019.
HSBC on track to hire 1,000 wealth managers in Asia before year end
In 2020, the bank’s Asian business reported $12.8 billion in profits.
Three US credit unions select Bankjoy for digital banking
The three firms have a total $760 million under management and 57,000 members.
Curo Fund Services goes live on Temenos accounting platform
South African insurance processor finishes first phase migration of five systems.
Tink and American Express sign European open banking deal
New AmEx customers will “seamlessly connect” to their accounts.
US start-up EarlyBird re-thinks gifts for kids with investment platform
EarlyBird launched four months ago.
Creating connections: the future for banking
Ultimately, the seamless interaction of digital and physical services is the future of banking.
Commerzbank finalises 10,000 job cuts after agreement with employees
German lender moves forward with widescale restructure plan.
What are the opportunities in open finance?
Envestnet | Yodlee hosted a discussion with FinTech Futures to find out.
Amartha, Vivid Money, Expensya & a55 feature in May funding rounds
A clutch of early investment rounds from May you could have missed.
Vista Bank Group selects Radar Payments to power pan-African processing
African challenger bank selects BPC company to underpin payments.
UK P2P lender The House Crowd’s collapse a result of governance failings
The House Crowd had struggled to raise capital.
Curve goes crowdfunding five months after $95m Series C
Curve plans to grow its workforce by around 60% this year.
Swedish SME lender Fedelta picks Vilja banking system
Vilja wins another deal in its home country with challenger bank.
Why fintech companies of any size should outsource PCI
Lift the burden of data compliance and security by outsourcing compliance to PCI-focused vendors.
Divide and conquer: how share schemes are telling the story of the UK’s start-ups
Share schemes are both a symptom and a driver of commercial prowess.
Fintech funding deals globally 3-9 May 2021
Featuring Wealthsimple, CollectiveHealth, Bitso, Shift Technology, and Forge Global.
Fintech API firm Railz raises $12m in Series A funding round
Toronto-based start-up aims to solve “universal challenge for SMEs”.
UK fintech Fronted raises £1m with backing from Monzo co-founders
The start-up launched back in February.
InvestCloud acquires cash flow firm Advicent to bridge advisor-client gap
Vista Equity-owned Advicent provides technology for 3,000 firms.
Fiserv wins trio of Canadian credit union deals for DNA
Implementation partner Celero will complete the DNA installations.
Bill.com acquires spend management firm Divvy in $2.5bn deal
Bill.com is paying $625 million in cash and $1.875 billion of common stock.
First Direct enhances app with data specialist Bud
First Direct and Bud are partnering to provide enriched data and services via the bank’s app.
Mashreq takes Oracle components around existing Flexcube core
Mashreq Bank is seeking to improve its transaction banking proposition.
Eurobank doubles down on Temenos with new wealth management system
Greek banking group is also undergoing a Temenos-based infrastructure change.
New rules of the game in the AML field?
What is of great importance to meet the challenges of pandemic times is that AI can find anomalies.
The role of enterprise architects in digital transformation and optimisation
Enterprise architecture (EA) is a catalyst in a more pragmatic transformation approach.
The real reason your customers are leaving
Empathy and flexibility are two very important pillars of customer service that risk getting lost.
Banking Technology May 2021 issue out now
Better together: building resilience against cyberattacks.
Video: Top fintech stories this week – 7 May 2021
The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe.
ICYMI funding round-up: Okra, Yatta, Graviti & more
We round up another selection of deals you may have missed.
Uzbekistan’s Trustbank plans Islamic banking first with ICSFS
The bank claims to be the first in Uzbekistan to offer new Islamic services.
Thought Machine takes Steele from AWS for US leadership role
After a decade at AWS, Brad Steele has joined Thought Machine as US general manager.
Kuwait International Bank announces Mobiquity as digital transformation partner
Mobiquity will provide strategy, design and engineering services for digital banking.
European Payments Council starts Malware Information Sharing Platform search
The EPC has launched an RFP for a Malware Information Sharing Platform.
Bibit.id secures $65m funding to capitalise on Indonesian mutual fund growth
The robo-advisor is focused on Indonesia’s rapidly expanding mutual funds sector.
TSB COO: It’s easy to throw the rock at us and say ‘this guy crashed in 2018’
“Compare this company to the market,” says TSB’s COO.
Digitising trade finance: the next frontier for financial services innovation
The next breakthrough in trade finance is automation driven by data interchange through APIs.
