Volkswagen Financial Services in tech overhaul with Oracle
With Oracle, VWFS will look to modernise its database tech to support its European operations.
Partnerships
FinTech Futures: Top five stories of the week – 21 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Santander taps DailyPay to offer on-demand pay services
Through DailyPay, Santander’s clients can provide employees with immediate access to pay as they earn it.
Gigs names Rafael Plantier as new head of financial services
At Gigs, Plantier will forge new customer partnerships in the financial sector.
Worldline partners Crédit Agricole to build “major payments player” in France
The joint venture is expected to be operational by 2025.
Greenpeace taps Nexi Greece for digital payment security services
Greenpeace will use Nexi Greece’s tokenisation solution to obscure sensitive payment data.
Finbots.ai credit modelling platform to power Argenic’s SME lending
The partnership will support Argenic’s financial inclusion drive for underserved Australian SMEs.
Swiss challenger Radicant taps NetGuardians for fraud detection software
Radicant will deploy NetGuardians’ AI-led software to enhance payment protection.
LSEG taps Satvinder Singh to lead data and analytics division
Singh joins LSEG from Mastercard where he is the co-head for advisors in its data and services business.
Leek Building Society taps Jade ThirdEye to enhance AML and CTF controls
Leek Building Society will use Jade ThirdEye’s Customer Screening and Transaction Monitoring SaaS solution.
IFGS 2023: Collaboration key for Singapore’s burgeoning fintech sector
Sopnendu Mohanty, chief fintech officer at MAS, discussed the country’s strategies and successes at IFGS 2023.
US Century Bank selects Pidgin for real-time payments
Pidgin’s CEO says the demand for real-time payments is growing “among consumers and businesses alike”.
QFCA partners with R3 to boost Qatar’s fintech sector
The pair will collaborate to create an innovation lab catering to commercial banks and fintech firms in Qatar.
SME Finance secures €100m credit facility from London’s Fasanara Capital
The latest funding brings the total committed from Fasanara to €240 million.
Capital Bank taps Finastra for corporate digital banking platform
The corporate digital banking platform unifies trade, supply chain finance, lending and treasury services.
Demystify Podcast: Demystifying BaaS and embedded banking with Michael Zyber and Wojciech Sass
This episode of Demystify Podcast welcomes Michael Zyber, CEO of Metro AG, and Wojciech Sass, co-founder of Vodeno.
FinTech Futures: Top five stories of the week – 14 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Regions Bank selects Temenos for customer deposit system modernisation
Modernising the bank’s core systems “paves the way” for continued, sustainable growth, Regions says.
Georgia United Credit Union taps Jack Henry for digital banking platform
The scalable platform is built on an open-API infrastructure, allowing the credit union to customise features.
Virgin Money partners FNZ to launch new digital investment platform
The new offering will provide Virgin Money customers with three investment funds to choose from.
KeyBank taps Qolo for virtual accounts and digital payments solutions
The bank’s clients will now be able to utilise ACH, wire transfer and real-time payments.
Digital Currency Monetary Authority launches international CBDC
The Universal Monetary Unit (UMU) is designed to enforce banking regulations.
Very Good Security names former Visa exec Chuck Yu as CEO
At Visa, Yu led teams across the business, including business development, sales, finance, and operations.
TransPecos Banks launches credit card offering in partnership with E6
The bank has deployed E6’s products to bring card issuing and processing to its customers.
Visa announces Visa+ to support interoperability between P2P apps
Visa has partnered with PayPal and Venmo to trial the new service.
BNP Paribas deploys Worldline solution to tackle SEPA direct debit fraud
BNP Paribas Cash Management will deploy Worldline’s Account Validation solution.
Montenegro’s central bank partners Ripple for CBDC pilot
Montenegro joins a list of more than 100 countries piloting a CBDC for various use cases.
Societe Generale taps Lemonway for B2B marketplace payment services
The French bank plans to offer payment services for large corporates entering the B2B marketplace arena.
Tarabut Gateway appoints Chun Ong as new chief operating officer
Ong joins from UK digital mortgage lender Molo, where he spent three years as COO.
PostFinance partners Sygnum for digital asset banking services
PostFinance customers can now access regulated, bank-grade cryptocurrency services.
Lloyds Bank partners Enigio to boost trade finance digitisation
Enigio’s solution creates digital documents that can be used where an ‘original’ document is required.
US Bank partners Kyriba for real-time business payments solution
US Bank and Kyriba clients can now send instant payments to vendors, customers and employees.
UAE central bank partners R3 and G42 Cloud for CBDC implementation initiative
The CBDC initiative will look at a range of use cases across domestic and cross-border use.
Pakistan’s Samba Bank extends Temenos partnership with Transact core banking upgrade
Samba Bank says its partnership with Temenos and NdcTech has enabled it to “future-proof” its growth.
Liechtenstein’s VP Bank expands digital asset capabilities with Metaco
VP Bank has extended its digital asset services into financial assets using Metaco’s Harmonize platform.
Nigeria’s Access Bank partners MFS Africa for outward remittances
The partnership will enable people and businesses in Africa to receive real-time payments from Nigeria.
Rathbones acquires wealth management arm of Investec in £839m deal
The new combined UK entity will have around £100 billion in funds under management.
US OCC names Prashant Bhardwaj to lead new fintech office
Bhardwaj will lead a team analysing trends in fintech including digital assets and bank-fintech partnerships.
Liberty Bank launches on Alkami’s digital banking platform
Liberty Bank says the move to Alkami’s platform is a “crucial step” in its complete tech stack overhaul.
Dutch heavyweight ING taps Salt Edge for SME open banking solutions
The partnership will see use cases developed for SME segments from various industries.
