Nymbus and Citizens Bank of Edmond to launch niche bank for US military
The product will offer financial services designed to meet the needs of newly enlisted members of the military.
Partnerships
HSBC Ventures invests $35m in Monese
Monese will use the new funds to grow its cloud-based Platform-as-a-Service (PaaS) business.
How coopetition can boost financial inclusion in LatAm
An environment of coopetition between companies can further democratise access to financial services in LatAm.
European Central Bank picks five partners for digital euro initiative
Five front-end companies were chosen by the ECB out of 54 applicants.
Goldman Sachs and Modern Treasury partner for embedded payments initiative
Modern Treasury and Goldman Sachs Transaction Banking aim “to accelerate the shift to embedded payments”.
FinovateFall 2022: The key to successful partnerships in financial services
At this year’s FinovateFall, a group of industry experts tackled the topic of bank-fintech collaboration.
TD Bank and DailyPay team for real-time earned wage access
The partnership will allow the bank’s clients to give their employees access to earned wages before payday.
Standard Chartered trials duplicate financing prevention solution
The Trade Financing Validation Service is powered by fintech MonetaGo’s Secure Financing system.
How Etcho is aiming to help save the planet through conscious investing
Etcho wants to increase people’s knowledge and awareness of the global impact of their investments.
FinTech Futures: Top five stories of the week – 9 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Belgium’s Puilaetco taps Abbove for digital wealth planning platform
Abbove hopes to expand into six countries including the UK if the Belgium pilot proves a success.
Europe fintech funding round-up: Ark Kapital, Credix and Nokkel
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Nigerian fintech Arca taps ThetaRay for AI-powered AML solution
Arca is the first Nigerian fintech to utilise ThetaRay’s Sonar solution.
Swiss digital bank Alpian partners Visa for new debit card
Alpian has plans for a full public rollout by the end of this year.
Blockchain trade finance platform Contour snaps up we.trade assets
The move forms part of Contour’s plans to launch a digital open account trade finance offering.
Credit Suisse sells global trust business to Butterfield and Gasser Partner
Both deals are expected to close in H1 2023.
St James’s Place taps AML regtech Napier for customer screening solution
Napier offers an AI-led platform for AML and trade compliance.
Banking hubs set to open in 13 locations across UK
The increase in shared banking hubs comes as retail banks continue to pull out of the country’s high streets.
UK’s Paysend appoints Wilhelm Rohde as group CFO
Rohde joins from Swisscard, a joint venture between American Express and Credit Suisse.
Finland’s Findynet Cooperative nabs €3m grant to build digital ID network
The self-sovereign identity network will ensure interoperability between digital wallets from different vendors.
ING and CCV app turns mobile phones into payment terminals
The app will be tested by Dutch department store HEMA from mid-September in three of its stores.
UBS, Wealthfront nix $1.4bn acquisition deal
Wealthfront CEO David Fortunato says the pair are “continuing to explore ways to work together”.
Momentum Metropolitan taps Duco for no-code data automation solution
Momentum went live with Duco’s platform as part of a wider data automation strategy.
Danish fintech start-up Moneyflow lands €250m in debt financing
Moneyflow says the facility will help accelerate the rollout of its embedded finance services.
White paper: The global fintech landscape – challenges, collaboration, and cloud
InterSystems’ research with the insights of over 500 decision makers within fintech organisations.
Mahalo tapped by Rocky Mountain Credit Union for digital banking upgrade
Mahalo’s banking platform will integrate various customer channels with the credit union’s core.
Singapore’s GXS Bank launches with savings product for the underbanked
GXS wants to address the pain points of the two in five Singapore residents who are currently underbanked.
New digital bank Trust launches in Singapore
Trust Bank’s shareholders have invested $285 million in the new challenger.
Banking Technology Magazine September 2022 issue out now
Cover story: MONEY PUZZLE – Helping US arrivals get on track financially.
Darlington Building Society taps LexisNexis to help fight fraud
The firm will look to utilise LexisNexis’ RiskNarrative platform.
Vietnam’s BIDV goes live with trade finance tech by Surecomp
Surecomp’s DOKA and allNETT solutions will support the ongoing growth and digitisation plans at BIDV.
Pan-African banking group Ecobank launches fintech challenge
The challenge has a top cash prize worth $50,000 and is open to early- and late-stage fintech start-ups.
PayTech Awards 2022 Winners Supplement out now
Commending the most impactful, innovative and successful projects, products and people in payments.
Nationwide partners Moneyhub for open banking payments tech
Moneyhub’s open banking PIS technology allows savers to add money to accounts from day one.
Binance teams up with Mastercard for crypto payments card in Argentina
The Binance Card will convert crypto to fiat currency in real time at the point of purchase.
Taiwan’s SCSB taps Temenos for core banking upgrade
SCSB will adopt Temenos’ core banking, payments and data lake solutions.
Alternative investment fintech iCapital to acquire UBS Fund Advisor
The deal includes the AlphaKeys Funds platform, which represents more than $7 billion in client assets.
Malaysia’s Kenanga partners Ant Group to develop financial services super-app
The app will offer stock trading, investment management, an e-wallet, crypto trading and FX capabilities.
Japan’s Iyo Bank picks DTCC to automate post-trade services
Iyo Bank has tapped DTCC to achieve “no touch” post-trade processing for equities and fixed income transactions.
Capital on Tap lands £200m credit line from JP Morgan and Triple Point
Capital on Tap says the funding will help SMEs access credit at a time when the UK is anticipating a recession.
