Is your bank rotten to the core?
In banking, a legacy product core based on old technology can’t simply be modified.
Financial Services/Finserv
APRA hits CBA and Suncorp with pensions conditions
Aussie regulator is unhappy with the pair’s treatment of customers.
UBI Banca offers digital salary backed loans with FinLeap
The partnership is through the bank’s subsidiary Prestitalia.
Fintech start-up Simpl targets India’s low credit card adoption
Just 3.85% of Indian consumers have credit cards.
The Philippines launches government-owned OFBank for overseas citizens
Filipinos will be able to sign up to the new service with a selfie.
Millennium Banque Privée outsources Olympic system with Swisscom
Switzerland-based firm moves core banking to the cloud.
Allica Bank goes live on Profile platforms
FMS.next and RiskAvert deployed at SME challenger bank.
Andreas Bittner steps down as co-founder of solarisBank
His five-year contract with the banking-as-a-service platform came to an end on 30 June.
Living in a passive voice world
My frustration with organisations big and small “living in the passive voice” is not new.
Société Générale to acquire French neobank Shine
The deal is thought be be around €100 million.
Xalq Bank goes live with TranzAxis from Compass Plus
Xalq Bank joins compatriot Unibank as a TranzAxis user.
TransferWise lands licence from FCA to offer investment products
The move marks its second side-step from cross-border payments.
Wirecard’s UK subsidiary WCS: missed red flags
Red flags include late 2018 financials and a €156,000 lost lawsuit.
65% of banks say legacy systems holding back Swift gpi adoption
Volante, HSBC and Deutsche Bank, share their insights on a recent webinar regarding Swift gpi.
Car repair loan fintech DigniFi lands $14m Series A
DigniFi also landed a hefty sum of private equity for its auto financing platform.
TransferWise partners with two Swiss banking services
TransferWise will tap neon’s 30,000 users.
Bud launches open banking solution for payments
CEO Ed Maslaveckas says aggregation is “least disruptive” part of open banking.
Capitolis lands former Microsoft Azure director as CPO
Rahul Auradkar spent more than 12 years at Microsoft.
Santander looks to William Vereker for UK chairman role
The appointment is expected to be approved later this week.
ING Belgium deploys Minna Technologies’ subscription manager
ING Belgium has roughly 1.8 million digital banking customers.
FCA lifts restrictions on Wirecard Card Solutions
UK watchdog allows payments to restart.
solarisBank lands $67.5m in Series C round
The funding was led by German VC firm HV Holtzbrinck Ventures.
Italy’s Generali considers Brightsphere acquisition in US
The insurance giant is looking to expand its US footprint.
Resurs Bank’s new CEO prioritises open banking
The Swedish bank has roughly 6.2 million customers.
What the Fintech? Episode 8 | Payments: were systems in Europe ready for COVID-19?
Tune in to find out an eyebrow raising banished buzzword in another rendition of ‘Fintech Jail’!
HSBC wants to double mobile users by 2022
The bank wants to generate more revenue per customer.
SEB fined $107m by regulator for Baltic AML failures
The Swedish bank failed to identify risk among its subsidiaries.
ScaleFactor winds down after COVID-19 cripples sales
The start-up raised $100 million between July 2018 and August 2019.
Why every company will soon be a fintech company
Why companies that have nothing to do with finance will get into financial services.
US regulators relax Volcker Rule restrictions
Major US banks allowed to unlock wider range of investment options.
Report: Five success factors for an ideal ISO 20022 migration
ISO 20022 represents an opportunity for banks to reinvent the way they operate.
solarisBank enables instalments for German AmEx customers
AmEx users can spread payments of more than €300.
Curve gets services back online over weekend
The fintech is still working on third party digital wallet usage and refunds.
PictureWealth lands AUD 12m and seals acquisition
The company has acquired NEO Financial Solutions (NFS) for an undisclosed sum.
Newly licensed RevoluPAY taps global remittance market
The fintech landed its PSD2 licence in Spain at the end of May.
Uber presses pause on financial services play
Uber Money head Peter Hazlehurst is leaving the ride-hailing giant.
ING taps Expert System to boost back office automation
The Dutch bank is aiming to improve its application of RPA.
BNY Mellon extends Azure partnership to boost ESG investment
The US bank has launched three new data and analytics tools.
Two UK credit unions go live on ClearBank & incuto tech
Hoot Credit Union and Lanarkshire Credit Union activate faster payments.
Adverse media screening: a key pillar of financial crimes compliance
Can we leverage AI to enhance the effectiveness and efficiency of adverse media screening?
