Sibos 2019: When do digital ecosystems stop performing?
Speakers debated whether digital ecosystems are inclusive.
Open Banking
Digital transformation and platformification in a real-time world
How a hybrid cloud future beckons for the banking industry
Nationwide invests in BankiFi to boost new business current account
Nationwide has invested in BankiFi using its £50 million fund.
Sibos 2019: Swift reveals 41 second European payments pilot
The payment traveled from Singapore to Germany.
Bridging the divide: ensuring financial inclusion for SMEs globally
There were 5.7 million SMEs in the UK in 2018 contributing 47% of revenue to the UK economy.
Commerzbank to cut 4,300 jobs, close 200 branches and sell subsidiary
Following this, the bank plans to hire 2,000 new positions.
Deutsche Bank turns German fintech Deposit Solutions into unicorn
The bank bought a 4.9% stake in the fintech.
Stripe hits $35 billion valuation on back of fresh funding
Stripe’s value has increased 56% since the start of 2019.
Deutsche Bank joins Interbank Information Network
The blockchain-based platform has more than 300 member banks.
Velocity Credit Union taps Fiserv for DNA core processing system
Velocity chooses Fiserv “to remain competitive”.
FCA review finds investor happiness with MiFID II research unbundling
MiFID II is improving asset managers’ accountability over costs.
US bank FNBT chooses Finastra’s Fusion Phoenix core technology
The bank also bought 11 other Finastra solutions.
Barclays and JP Morgan Chase invest in TouchBistro
TouchBistro leads “a technology renaissance” for restaurants.
Mastercard’s Vocalink release payments report: Look beyond London
87% of over 75’s still don’t use banking apps.
Caisse des Dépôts chooses Murex for its asset management
Murex’s MX.3 platform pulls every part of business into one.
EBA Clearing launches request to pay solution for Europe
It’s “the missing piece of the puzzle” for financial companies.
United Bank of India launches voice banking
FSS offers the solution in partnership with Amazon.
ING reveals crypto report: The utility phase
Until crypto is useful, mass adoption will not follow.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
Gen Z fintech Mitto raises $2m in seed funding
Mitto offers parents insights into their children’s ‘purchasing’ profile.
UK fintech PrePay Solutions gets Belgium e-money licence
The licence was secured in a bid to curb Brexit uncertainty.
DN Intersect 2019: final round up and key takeaways
The conference was predominantly focused on North America.
Grupo Crédito Agrícola launches new banking app “moey!” with Meniga
The app will give Crédito Agrícola customers budget advice.
Deutsche Bank launches first Shanghai innovation hub
The new hub will be the innovation arm of Deutsche Bank in China.
Northmill receives banking licence from Swedish Authority
The neobank says it’s had a “constructive dialogue” with the SFSA
DN Intersect 2019: US Banks are “already beaten” if they ignore APIs
“It’s time the US starts paying attention to open banking.”
Tax app untied receives authorisation from FCA
It can take full advantage of open banking.
DN Intersect 2019: Co-op calls for greater fintech integration to combat fraud
It pins the low adoption rates down to a lack of education and tedious back-end processes.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Swift launches new API standard for open banking innovation
Universal API standards will speed up open banking.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
Data Action wins core solution deal with Greater Bank
Greater Bank hopes the new partnership will prepare it for the open banking era.
Australia visits UK to talk future of fintech
Talks centered around the opportunities of open banking in Australia.
Swedish fintech Northmill launches new saving service
Customers can lower their interest rates in a matter of minutes
Mortgage Cadence integrates with DataVerify
Mortgage Cadence says the integration streamlines the application authentication process.
Fintech partnerships: the real benefit of Open Banking for incumbent banks
A deep dive into where the real value lies in Open Banking for incumbents.
Mastercard acquires Nets’ real-time payment business
Nets’ Corporate Services business offers a gateway into several European markets
Experian closes $20m of Series B1 in CompareAsiaGroup
Making this its fifth major investment in Asia Pacific since 2017.
Open banking law to boost fintech competition
It aims to shake up competition for consumers and boost start-ups against the big banks.
