Banking Tech Awards 2021 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Partnerships
Tink and American Express sign European open banking deal
New AmEx customers will “seamlessly connect” to their accounts.
Vista Bank Group selects Radar Payments to power pan-African processing
African challenger bank selects BPC company to underpin payments.
Bill.com acquires spend management firm Divvy in $2.5bn deal
Bill.com is paying $625 million in cash and $1.875 billion of common stock.
Mashreq takes Oracle components around existing Flexcube core
Mashreq Bank is seeking to improve its transaction banking proposition.
Eurobank doubles down on Temenos with new wealth management system
Greek banking group is also undergoing a Temenos-based infrastructure change.
Miami neobank Fortú launches with Galileo Financial Technologies
Fortú plans to focus on Latinx communities and their unique needs.
Video: pick of the week – new payments system in Singapore, Bank of Ireland tech hires
A top pick of stories from the world of finance and tech in bitesize video format, weekly.
Report: AI – the future of content management in financial services
Our latest deep-dive report focuses on the potentially revolutionary role of AI in banking content management.
Lanistar secures FCA approval less than six months after regulatory warning
Lanistar also filed its unaudited accounts last month.
Ohpen offloads Davinci Consulting to Yellowtail Conclusion
Core banking vendor streamlines newly-acquired Davinci Group.
Omnio picks Autorek platform to automate reconciliation
Omnio’s previous manual processes relied on Microsoft Excel, but will now be automated by Autorek.
Virgin Money picks Trade Ledger for business banking boost
UK bank lays groundwork for new business products in 2021.
Deutsche Börse and Commerzbank team up to support DLT firm 360X
German giants support illiquid assets investment platform.
An era of digital trade
Technology creates opportunities to transform existing processes across global supply chains.
AZA Finance acquires Exchange4Free to become largest non-bank FX firm in Africa
Trading firm says it can double its transaction volume to $2.5 billion by 2021.
Sendit.Money chooses Lerex Technology for prepaid payments tech
Mobile wallet provider picks UK prepaid firm in preparation for launch.
JP Morgan, DBS Bank and Temasek to form new payments platform
The platform will start by facilitating flows between Singapore-based banks.
Thought Machine plugs into Wise’s money transfer API
Thought Machine is plugging into via its own ‘Vault’ platform.
Nymbus lands $20m from Vystar Credit Union for new CUSO
Core banking vendor’s new project wastes no time in landing funding.
The power of the tribe
In a global village filled with noise and people trying to get a free ride, the tribe is strong, vibrant, unaffected.
National Commercial Bank migrates payments processing to TranzAxis
Vietnamese bank switches card operations to the Compass Plus system from legacy in-house tech.
Caixa Econômica Federal signs 20-year payments deal with Fiserv
New merchants acquiring deal covers transactions online and in-person.
Nedbank and Mastercard launch WhatsApp payments with Money Message
South African bank aims to provide easy payments to small businesses.
Fi partners with Federal Bank to launch neobank for millennials
Features include a flexible deposit product and rewards for saving money.
BMO Harris Bank teams with Hope Trust to trial services for special needs clients
Hope Trust is a tech-based planning service and trust administration platform.
Banca Sella and Workinvoice form Italy’s first open banking partnership
The partners will provide end-to-end digital financial services to corporates.
Tinkoff launches Russia’s first digital BNPL service
Dolyame.ru offers interest-free instalment payments for FMCG goods.
Saudi Arabia launches new real-time payments system with IBM and Mastercard
The kingdom enlisted the help of IBM and Mastercard for the roll-out.
Hi55 Ventures, NTT DATA, Railsbank and Mastercard team up to reinvent payroll
The Hi card will give employees direct access to money they’ve earned in real-time, free of charge.
Why banks need to embrace the new normal
The banking industry’s definition of normal hasn’t been normal for a majority of customers for years.
SAP spins out financial services operations in deal with Dediq
SAP launches new FSI Unit to deal in financial services, with a 20% stake in it.
Lending start-up Fintern raises £32m in equity and debt funding
UK fintech backed by German institution Varengold Bank
Kiwi payments start-up Dosh selects Software Group
Dosh is the first local mobile wallet solution in New Zealand.
Pine Labs acquires digital payments start-up Fave in $45m deal
Indian payments firm snaps up Fave to introduce the latter to India.
MUFG wealth management arm deploys InvestCloud in Japan
Vendor says the deal reflects its “substantial investment” in the country.
TSB taps ApTap to help customers manage bills
Deal follows trial period featuring 10,000 TSB customers, who saved an average of £150 a year using the service.
Extended deadline announced for PayTech Awards 2021
Recognising excellence and innovation in the use of IT in the finance and payment industry worldwide!
Russian e-commerce giant Ozon acquires Oney Bank in $10m deal
Firm known as “the Amazon of Russia” steps into fintech space.
KeyBank launches digital bank for doctors with new offshoot at Laurel Road
KeyBank acquired Laurel Road in 2019.
