Citizens Bank taps Teslar Software to improve portfolio management
The Arkansas-based bank turned to Teslar following a recommendation from a compatriot lender.
Financial Services/Finserv
Truist Financial selects TSYS for payments processing
Newly merged commercial bank kicks on with its tech deployment.
N26 lays off 10% of New York-based workforce
The losses are the first to be put down to operational reasons.
Avaloq extends contract with First Abu Dhabi Bank in Switzerland
The deal entails using Avaloq’s business process-as-a-service (BPaaS) systems.
Monzo bags banking veteran as its new head of global financial crime
Laramy comes from Barclays, Santander and US bank Capital One.
Business banking app Countingup lands £4m led by ING
ING says Countingup is a “digitally disruptive solution”.
Paysafe snaps up Standard Chartered director for chief banking role
Sharp will be in charge of the firm’s payment partner networks.
Making a case for payment initiation services (PIS)
It’s a cheaper, faster & more secure method for online payments, so why aren’t PIS being more widely used?
Help! Historical data does not help with modelling the COVID-19 world
In light of how quickly the world has changed, CIOs and CTOs need to ponder hard questions.
White paper: The digitalisation of sell-side risk management
What are the latest trends in risk management for sell-side institutions and what shapes them?
Singapore payments fintech Nium lands investment from Visa
The round is thought to be worth between $75-$100 million.
Payments start-up Banked raises £2.3m in seed funding
Real-time payments firm aims to challenge incumbent dominance.
Kestrl to offer UK consumers ethical banking alternative
The debit card launch is expected sometime in Q3 following a June beta.
Newcastle Building Society names Manila McLean as new CIO
Manila joined the firm from Tesco Bank in 2019.
BHD Leon picks Temenos Transact to power geographic expansion
The Dominican bank is aiming for a wholesale digital transformation.
Japan wants to make it easier for banks to buy stakes in fintechs
The move follows the success of fintech financers during the coronavirus pandemic.
SadaPay drives contactless adoption with Mastercard in Pakistan
The digital wallet aims to deliver three million cards over the next five years.
Situation: not normal
Choose to act towards the next chapter. Choose to live each day of “not normal” as if more than survival is at stake.
Masthaven Bank shakes up leadership with new CEO
Leigh Bartlett moves into the CEO position as founder Andrew Bloom steps back.
Revolut seeks acquisitions with struggling travel firms
“A lot of travel aggregators are in trouble at the moment,” says CEO.
UK challenger 220 lands former Standard Chartered COO as adviser
Angela Knight worked at Standard Chartered for an uninterrupted 22 years.
Alpian lands $12.6m in Series A
Alpian is applying for its own banking licence.
Truliant Federal Credit Union picks Lodestar Technologies’ data solution
Truliant FCU wants to make better use of its enterprise data.
Citi’s Proxymity lands $20.5m from HSBC, JP Morgan and Deutsche Bank
The funding round will see it become its own London-based entity.
Cash deposit platform Flagstone lands £12m funding
Since 2015, Flagstone says it has facilitated £5 billion in deposits.
Bank of the Philippine Islands deploys Avaloq Banking Suite as SaaS
The new client is Avaloq’s first in the Philippines.
ANZ promotes Emma Gray to new group executive data role
Gray is rewarded for her work as chief digital officer.
Only the best wealth management CRM can meet today’s regulatory challenges
It is not possible to overplay the economic and reputational importance of compliance.
Webinar: Transform your customer experience with modern information management
Real-life examples of how FIs delivered value to customers, reduced technology costs & transformed their businesses.
SS&C Technologies acquires Innovest Systems in $120m deal
The transaction is expected to close in Q2 2020.
N26 extends Series D a second time for $100m raise
The challenger’s Series D round totals to more than half a billion.
UK fintech Fintuity offers free financial advice to NHS staff
The NHS will have access to the fintech’s online platform and financial advisers.
Luminor Bank deploys facial recognition for customer onboarding with Ondato
The Baltic bank will launch the new solution across Latvia and Estonia in the near future.
Path Solutions and Thomson Reuters extends GCC systems partnership
iMAL core banking and Onesource tax solutions to be offered in tandem.
UK banks see surge of interest in Bounce Back Loans Scheme
In the first minute after 9am, Barclays had received 200 applications.
Three ways to optimise the finance function during COVID-19
It’s important to find areas of your business that can create positive returns.
The State of Digital Transformation in Financial Services 2020
Digital transformation today needs a balance between ongoing tech innovation and development of new skills.
COVID-19: Highlight of the week
We focus one particular coronavirus news item affecting the fintech industry.
Mastercard promotes UK president Barnett to EU role
Barnett is expected to join the management committee on 1 June.
Revolut launches deposit-insured bank in Lithuania
Revolut says it also plans to roll out consumer lending services to the region.
