BCFC selects Codebase Technologies & Atyaf eSolutions for digital upgrade
BCFC hopes to enhance the infrastructure of its mobile and web customer channels.
Partnerships
Capital markets firm Davy taps Torstone for post-trade processing solution
Davy will deploy the Torstone Platform for its post-trade processing.
C2FO and Vic.ai team up for AI-powered invoicing solution
The partnership aims to streamline the invoice-to-cash payment cycle for businesses.
AJ Bell taps Lloyds for FundBy Bank payment solution
The solution will offer users an alternative to funding transactions through card payments or online banking.
First Federal Bank of Kansas City debuts new digital banking platform
The new digital offering is powered by enterprise solutions provider Narmi.
DTCC launches DLT-powered settlement platform Project Ion
The new platform leverages R3’s Corda DLT software.
OneBanx taps regtech PassFort for know your business solution
PassFort says the solution will enable “seamless” onboarding for business customers.
UnionBank selects Avaloq to power wealth management platform
The Filipino firm will implement the Avaloq Core Platform.
BankProv and Republic partner to offer escrow accounts to capital-hungry firms
BankProv CEO Dave Mansfield says working with Republic will “expand access to new investment opportunities”.
Digital banking tech provider Bankjoy signs up UMe Credit Union
UMe members will be able to access Bankjoy’s digital banking platform, including mobile and online banking.
Investment platform Vyzer taps Salt Edge for open banking API solution
The firm will leverage Salt Edge’s Account Information API and data enrichment solutions.
Lithuania’s OKEO taps Mambu for multi-currency payments offering
Founded in 2019, OKEO provides payment services and IBAN accounts for businesses in Europe.
North International Bank selects Temenos to modernise digital banking services
The Caribbean bank has gone live on Temenos Banking Cloud.
P2P lender Assetz Capital agrees £200m funding partnership with Aeon
Over the next three years, Aeon will pour the cash into SME loans arranged by Assetz Capital.
Crypto ecosystem Nebeus partners Modulr to bridge fiat and crypto
Nebeus will be able to issue branded virtual and physical cards across the UK and Europe.
Zurich Cantonal Bank taps NetGuardians to tackle payments fraud
NetGuardians uses behavioural analytics, artificial intelligence (AI) and machine learning (ML) to detect fraud.
Paytech consultancy Focused Labs joins Stripe partner ecosystem
Focused Labs builds custom software products and integrations, including core payments infrastructure.
Trustfolio teams up with Equifax for open banking-powered debt advisory solution
The solution on Trustfolio’s Debt Adviser Support Portal will provide access to banking transaction data.
Banks, broccoli and the peril of going out of date
Like broccoli, a bank can go out of date before anybody realises.
Lendflow partners Ocrolus to streamline credit decisioning
Ocrolus’ document automation technology will help Lendflow better analyse more data.
Bank Islam taps Kestrl to offer financial management tools in Be U app
The firm will incorporate Kestrl’s personal financial management tools into Be U by the end of the year.
ANZ New Zealand selects FIS for core banking upgrade
The firm will be the first bank outside the US to utilise FIS’ Modern Banking Platform.
BaaS start-up Unit partners Thread to offer embedded banking services
Unit says the collaboration with Thread will “empower more companies to offer unique banking solutions”.
CIBC Innovation Banking invests €35m in SME-focused fintech Ageras
The funding will support Ageras’ future strategic acquisitions and the expansion of its software suite.
Great Southern Bank selects Fiserv for core banking upgrade
The bank will utilise DNA from Fiserv as its new core processing platform.
Timberland Bank taps Plinqit for financial wellness and savings tools
Customers can now access digital tools designed to improve financial literacy and establish saving habits.
Yes Bank taps IBSFintech to digitise services for corporate clients
The partnership aims to enable paperless communication across treasury and trade finance processes.
KeyBank taps BlueSnap to facilitate cross-border e-commerce payments
KeyBank says BlueSnap’s operating model will give clients the flexibility to process global payments.
CIBC partners MX for fintech customer data access agreement
CIBC customers will be able to securely share their financial data with third-party fintechs via an API.
Valley National Bancorp invests $25m in fintech-focused VC The Garage
The Garage builds and invests in early-stage start-ups in fintech, artificial intelligence and cyber.
Payments veteran Steve Ledford retires, leaves The Clearing House
The self-described “payments nerd” says he is leaving the payments industry after 41 years.
Digital lending platform Auxmoney secures €500m to fund new loans
The financing has been provided by American multinational Citi and French investment bank Natixis.
FinTech Futures: Top five stories of the week – 5 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Deutsche Bank to automate trade document checking with Traydstream partnership
The partnership will boost the bank’s efforts to digitise and automate its documentary trade business.
Mansfield Building Society partners DirectID to streamline mortgage applications
Mortgage applicants can now securely provide their bank statements online via open banking.
The Co-operative Bank taps Finastra for treasury infrastructure upgrade
The bank is moving its treasury activities to the cloud with Finastra’s Kondor solution.
UK challenger Monument partners Persistent to build digital banking platform
Persistent’s “building block” approach will allow the challenger to add new SaaS components as required.
African neobank 4G Capital goes live on Mambu’s cloud banking platform
The micro and small business-focused bank is looking to scale across East Africa.
Rêv acquires Global Payments’ card business Netspend in $1bn deal
The new combined entity intends to deliver “financial empowerment and product innovation”.
Ohio’s KeyBank taps Quavo for dispute management platform
KeyBank will deploy Quavo’s QFD solution to automate its fraud and dispute processes.
