Emirates NBD slashes 400 staff to cut costs
Dubai-based bank has been on a technology tear of late.
Financial Services/Finserv
HSBC and Santander to refund customers after breaking CMA rules
The banks failed to message users going into their overdrafts.
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
Natwest outage stops customers spending savings and payday wages on Black Friday
Some customers said they couldn’t get cash out of ATMs either.
Swedish AI start-up Bokio raises €4m led by local investor Creandum
The start-up uses AI to simplify bookkeeping for small businesses.
Four fintech & financial inclusion trends for 2020
A gap remains for women, rural residents, & other underserved communities.
Dubai regulators sign fintech agreement with Luxembourg commission
The two countries build on a previous deal inked in 2007.
IMF to put Nordic banks’ AML controls under microscope
International regulator investigates banks’ alleged failings.
Leaked numbers show only 16% of Curve’s users are active
The UK start-up still insists it will reach 4 million customers by 2020.
US fintech Robinhood pulls OCC banking application
The start-up is calling the withdrawal “voluntary”.
Positive Money targets UK swing seats hit hardest by free ATM losses
Labour could grab six seats and the Conservatives could grab five.
Easing the cloud transition using microservices, containers and Kubernetes
The first step is to build new applications using these new architectures.
Fibank first in Bulgaria to launch PSD2-compliant open banking platform
Fibank customers will be able to move all accounts to My Fibank app.
HSBC turns to blockchain to digitise private placement records
The bank has launched its new Digital Vault platform.
French fintech Virgil raises €2.1m to co-own homes with first-time buyers
The start-up offers future buyers a capital contribution – not a loan.
DFS 2019: Europe’s financial landscape a long way from united
Yet there’s hope for harmonisation on the horizon, says panel.
Co-operative Bank launches personalised loan marketplace with Freedom Finance
Successful applicants “could receive funds the same day”.
Artificial intelligence and natural reluctance
AI prize: building a future-proof organisation with a right to not just survival but also success.
FIS integrates IBM to help clients counter fraud
IBM Safer Payments has been installed in FIS’s P2P solutions
N26 selects Eurobase Siena to manage its treasury operations
Siena will manage the treasury operations of N26’s 3.5 million customers.
Argentine money manager Ualá raises $150m in round led by SoftBank and Tencent
Bloomberg says Ualá is close to a $1 billion valuation.
Heritage Bank signs Diebold Nixdorf on five-year ATM services contract
Diebold Nixdorf will take charge of a fleet-wide upgrade to Windows 10.
Tandem Bank signs up TrueLayer for account aggregation
The UK challenger’s 800,000 customers will gain access to their other accounts in-app.
MLRO’s in the regulatory “cross-hairs”
The role of AML compliance officer/MLRO has never been more challenging.
MoneyLive 2019: Here Mobility to help banks react to Uber and Grab’s financial play
The firm is offering a white label mobility solution to banks.
TSB plans 82 branch closures in £100m cost cutting exercise
UK bank spends 85% of income on running costs, says CEO.
MoneyLive 2019: Neobanks “regularly” share tips on financial crime, says exec at Natwest’s Bó Bank
Collaboration between new banks is “pretty impressive”.
UK challenger OakNorth’s partnerships chief leaves bank
Amir Nooriala has left the bank after just six months in the role.
MoneyLive 2019: Banks have to be humble even if they’re everywhere, says ING exec
Banks tend to over-promise to customers through their adverts, says ING CIO
Epiphany CEO: We’re the only “truly open” banking platform in the industry
The CEO says other banking technology providers are “not really open”.
How to land a job in fintech
Expectations for fintech candidates have changed significantly.
Thailand’s SCB set to turn tech divisions into new fintechs
One unit has the potential to be a “unicorn”.
EQ Bank completes cloud-based Temenos core banking project
Bank finalises migration to the Microsoft Azure cloud.
TSB suffers fresh payments glitch
Customers reporting lack of wages as internet banking slows.
Cornèr Bank launches first biometric credit card in Switzerland
The credit card will be issued to an initial 100 customers.
Carbon footprint tracker for purchases Enfuce raises €10m
Enfuce is dubbed the biggest fintech start-up in Finland.
How paytech helps the gaming world tap the under-banked populations
Paysafecard and G2 Esports reveal how paytech taps underbanked gamers.
Capital market disruptor Capitolis raises $40m in Series B
Investors see the fintech in a position “to transform a whole industry”.
Video: Top fintech stories this week – 22 November 2019
FinTech Future’s weekly news round-up.
Brazil’s Pride Bank says it’s the first LGBTI+ bank in the world
Last year Brazil’s far-right president, Jair Bolsonaro, tried to stop LGBTI+ films.
