NatWest extends 7-year Artesian contract
The vendor will continue to provide its customer insights and relationship systems.
Financial Services/Finserv
Singapore’s GoBear snaps up fintech AsiaKredit
GoBear’s bank partners will be able to tap underserved consumers.
SoftBank warns of $9.6bn investment losses due to coronavirus
In addition to WeWork, it also blamed the losses outside of the Vision Fund on OneWeb.
Embark buys Zurich’s UK retail and investment management business
The move is part of Embark’s effort to build its presence in the UK retirement/savings sector.
India’s FSS helps Fair Play deliver online payment acquiring
Fair Play is deploying FFS’ Payment Gateway and Merchant Hub.
RTM connects Brazil’s finance ecosystem to global markets
RTM has set up new, low latency routes to the USA, Europe, South Africa and Asia.
FCA extends SCA deadline for merchants by six months
The new timeline is 14 September 2021.
Video: Top fintech stories this week – 01 May 2020
FinTech Futures’ weekly news round-up.
What the Fintech? Episode 4 | Partnerships: till death do us part
Sean Hunter CIO at OakNorth, offers his advice to companies struggling to make a partnership work.
RBS closes digital bank Bó six months after launch
Customers will be given a notice of “at least” 60 days before their accounts are closed.
ABA unveils suite of core banking selection resources
US association continues campaign to diversify core banking market.
US challenger Bambu picks FIS Modern Banking Platform
Tennessee-based challenger bank plans to target the underbanked.
TransFICC lands £5.75m from AlbionVC, ING and HSBC
Existing backers inlude Citi and Commerzbank.
Car service financing fintech ASF lands £14m despite production slow down
The investment comes after UK car production dipped by more than a third last month.
Safaricom and Visa sign M-Pesa partnership
The two firms will work on developing new products for the African payments platform.
Investing app Stash lands $112m Series F led by LendingTree
This month Stash also surpassed $1 billion in assets and 4.5 million users.
Tide picks Mambu to power credit facilities and overdrafts
Tide is revamping its customer offerings and adding new functionality with Mambu.
Hungary’s central bank unveils first fintech report
The report recorded 110 domestic fintech companies as of 2018.
UK fintech Cash Coach set to gamify savings launches on app stores
The fintech will now look to raise up to £400,000 on Crowdcube.
Santander finalises £350m deal for majority share of Ebury
The Spanish bank purchased a 50.1% stake in the international payments and FX firm.
Revolut seeks help applying for UK banking licence & loses four more execs
Revolut’s goals remain the same, despite coronavirus.
EU payments bodies call for further SCA delay
An open letter sent to the EBA recommends a June 2021 deadline.
FIS sets up $150m fintech start-up fund
It’s January investment in Lagos-based Flutterwave marks the first investment.
Everything I ever needed to know, I learned from the West Wing
We don’t do nearly enough. We can do better and we must do better and we WILL do better.
Hanley Economic Building Society seeks technology refresh with DPR
The building society refits 25-year-old core systems.
NatWest Markets selects Dataiku for self-service analytics and machine learning
Investment banking firm seeks to improve customer experience and improve efficiency.
Travelex founder invests £3m in ex-Virgin Money exec venture Snoop
Dorfman joins fellow shareholder in Snoop, Salesforce Ventures.
Open banking will rival the spreadsheet in accountancy, says roundtable
“It will give firms what they’ve longed for – real-time understanding of the figures.”
HSBC freezes redundancy plans as COVID-19 hits $6bn overhaul
London-headquartered bank releases Q1 earnings with stark warning for Europe.
Former Oracle VP Smedley joins Red Hat
Smedley joins IBM-acquired Red Hat after 18 years at Oracle.
Owning customer relationships is a key priority for banks in the era of open banking
The number one concern, unsurprisingly, is ensuring online security.
Ask the expert: how can I get to grips with the complexities of the financial services industry?
Key players, party models, easy ways to begin building relationships, and tips for establishing partnerships.
Deutsche Bank signs 2028 contract extension for Avaloq tech
Swiss vendor will provide BPO services foe Deutsche until 2028.
Iress integrates with Knowledge Bank’s mortgage criteria search engine
Brokers will be able to access lender criteria all in one place.
US banks roll back lending to European companies
“We are increasingly observing an ‘America first’ attitude among large US banks.”
Russia’s VTB set to expand C2C to 160 corridors by Q3
Currently its C2C service is available in 20 countries.
Paysafe partners with Gala Technology to open SOTpay channel
The two firms will work on enabling more transactions for merchants.
Anyday and Clearhaus to take on payment giants in Norway and Spain
“We’re ready to take on the giants,” says Anyday’s CEO.
Northern Trust hires Alison Pain as new EMEA CTO
Pain joins from Deutsche Bank and will lead Northern Trust’s EMEA tech ops.
Nigerian open banking fintech Okra raises $1m from TLcom
“We’re opening the door to another level of innovation,” says founder.
