Sber partners with JP Morgan to pilot digital currency in 2021
Russia announced its new cryptocurrency law this year.
Financial Services/Finserv
Nordigen unveils free open banking platform to industry’s dismay
Nordigen claims it is the first to launch a free open banking platform.
UK central bank unveils Islamic finance liquidity alternative
The central bank will run tests in early 2021.
African American Credit Union Coalition signs partnership with Fiserv
Fiserv to identify research and technology needs of AACUC members.
Say it to my face
It’s impossible to give feedback that isn’t evaluative; and equally hard to give feedback that isn’t prescriptive.
AI will explain it to you
Explainable AI removes removes the last barrier in entrusting transaction monitoring to algorithms.
Lloyds is world’s first bank live on Swift gpi instant
The payments network expects to roll out adoption across the globe.
Former Paypal execs raise £14m for start-up venture Primer
The co-founders met at PayPal-acquired Braintree.
Douugh partners with Humm Group to launch US-based BNPL product
Australian neobank plans “Credit Jar” to help users build their credit scores.
Credit Suisse announces António Horta-Osório as new chairman
The outgoing Lloyds executive will join the Swiss bank in April.
Tokyo Stock Exchange CEO steps down after damaging systems failure
Koichiro Miyahara resigns as regulators continue to examine exchange’s closure.
TransferWise nabs Australian banking licence from APRA
The restricted licence gives TransferWise access to the country’s real-time payments system.
What the Fintech? Episode 17 | The spirit is willing, but the markets are weak
This episode of WTF? podcast features Vinoth Jayakumar, partner at VC firm Draper Esprit.
Principles for a global central bank digital currency and a single global payment system
The new global payment system should replace all current payment and settlement arrangements.
Central Bank of Sri Lanka picks SimCorp Dimension for reserve management
CBSL selected SimCorp as part of an ongoing revamp.
Stripe chases $100bn valuation with no sign of IPO
Stripe could see its valuation quadruple in just two years.
ABN Amro plans 2,800 cuts to investment banking and overseas divisions
Dutch lender rolls back operations to focus on home markets.
Solarisbank migrates entire infrastructure to AWS cloud
German BaaS provider claims to be first of its kind to make such a move.
S&P Global could buy IHS Markit for $44bn
S&P Global’s shares have risen 25% in New York this year alone.
ECB issues Big Tech warning as it promises digital euro
European suppliers are essential in the building of technology on which a digital euro will operate.
JP Morgan and Lloyds considering acquisition of UK challenger Starling Bank
Pair of major banks interested in Starling Bank’s potential following profit announcement.
Banking Tech Awards 2020 hosted online by Tom Ward
Join comedian Tom Ward for the 2020 Banking Tech Awards. Broadcast online on 10 Dec, 3:30pm GMT and is free to attend.
Report: Digital KYB – a springboard to customer onboarding success
FinTech Futures’ latest in depth industry report on KYB, in partnership with DueDil.
Indian challenger Finwego looks to lend to private schools
The neobank claims to work with 700 partners already.
Central Bank of Iceland deploys new RTGS with SIA
The new system can support 5 million payments per day.
London payments firm SumUp buys digital PoS fintech Goodtill
SumUp and Goodtill have worked together “for many years as partners”.
Spanish mega-merger off the cards as BBVA and Sabadell call it quits
The two banks couldn’t agree price over a major combination.
Finleap invests in German app aggregating student finance products
German tuition is largely free, making aid for living costs scarce.
How to improve CX without sacrificing security
Finserv is an area where many are turning to customer identity and access management (CIAM).
Video: Top fintech stories this week – 27 November 2020
FinTech Futures’ weekly news round-up.
Danske Bank reveals 500 job cuts and redundancies
Danish bank says the roles are reduced as part of an ongoing cost reduction plan.
Forter raises $125m in Series E funding to secure $1.3bn valuation
Fraud prevention firm plans to build on its data network.
Sopra Steria ransomware attack costs group €50m
Sopra reveals details of Ryuk attack from October.
Credit Karma secures $7.1bn Intuit acquisition, sells tax ops to Square
Square enjoyed a 4% jump in stock market value following the announcement.
Embedded banking fintech Weavr lands $4m seed round
Weavr, once known as Open Payments Cloud, spun out of Ixaris in 2019.
FinTech Futures Jobs: the six best things about working in fintech
On the job hunt or looking for a perfect candidate? Head over to the FinTech Futures Job portal!
Cynergy Bank taps Google and Wipro to launch new digital banking project
Cynergy says customer want a hybrid of digital and face-to-face.
How the pandemic reshaped an international project launch
Lessons in adaptability – how to manage a project in an innovation lab amid COVID-19.
San Fran alternative lender Oportun applies for banking charter
Oportun currently has licences in 12 states.
Danske Bank deploys Windward AI to track risk at sea
Windward claims its AI uses 10 billion data points.
