Mastercard extends cross-border services in China with Bank of Shanghai
Businesses can use Mastercard to transfer to “any local bank” in China.
Partnerships
Brazilian challenger Nubank acquires firm behind Clojure and Datomic
Cognitect snapped up by Brazilian neobank.
DBS and Infor partner to offer SMEs digital trade financing
The partnership is one of a line of joint projects between Infor and DBS.
RBC taps Red Hat and Nvidia for new AI private cloud
The Canadian bank aims to run thousands of simulations for “millions of data points.”
BNP Paribas joins IBM Cloud as European anchor client
French banking giant to become leading user of IBM’s cloud tech.
A look inside Barclays’ fintech accelerator Rise
FinTech Futures sits down with Magdalena Kron, who leads Rise London’s team.
Lloyds partners with Form3 to create group-wide payments platform
The UK bank is acquiring an undisclosed minority equity stake in Form3.
Charity donation fintech Goodworld launches in Australia
Its feature #donate allows donors to send instant donations via social media.
Accuity partners with Encompass to automate client KYC
Encompass technology implemented into Accuity’s Bankers Almanac solution.
Finastra and Microsoft extend cloud deal
The new deal is hailed as a “step change” in the pair’s relationship.
Virgin Money launches beta of new home buying app
The app is part of Virgin Money’s wider digital transformation strategy.
PayTech Awards 2020 – call for judges
Join our all-star judging panel!
FCA confirms post-Brexit cooperation deals with EU regulators
UK watchdog says agreements remain “relevant and appropriate”.
Strategic Bank selects iFinancial’s software
It signed for iFinancial’s BankWare and iBank digital banking software solutions.
From open banking to open finance
It’s only in 2020 that we see the quality, reliability, and range of APIs connecting to accounts that realise the regulators’ vision.
MoneyLion launches RoarMoney with MetaBank & Mastercard
RoarMoney is priced at $1.00 a month.
Video: Top fintech stories this week – 17 July 2020
FinTech Futures’ weekly news round-up.
Banca Ifis breaks into Germany with Raisin partnership
Raisin to power cross-border finance for Italian firm.
Zambian mobile wallet Zazu launches virtual card
Zazu pivoted to digital banking in 2017.
NAB signs multi-year cloud deal with Microsoft
Major Aussie bank to boost its cloud architecture with Microsoft.
The changing landscape of banking
Choosing the right partnerships is critical to success and the right banking technology partner is crucial.
Ask the expert: how can I convince a prospect’s finance team to work with us?
The question is, how do you persuade them to sign a partnership?
Why there’s no slowdown in SaaS
How SaaS reconciliation tech can help banks to properly process and control mission-critical transactional, operational and reference data.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
FNZ and State Street collaborate on wealth management servicing venture
FNZ will acquire a majority stake in State Street’s Wealth Manager Services business.
How financial institutions can capitalise on open banking benefits
The median open banking spending lies between €50-€100 million according to Tink.
Aldi Nord switches card acquiring to Fiserv in five days
Fiserv steps in as long-serving technology partner for retailer.
UK opens virtual fintech trade mission to APAC
The fintech deal follows FTA talks between the UK, Australia and New Zealand.
The Philippines launches government-owned OFBank for overseas citizens
Filipinos will be able to sign up to the new service with a selfie.
Sopra Banking Software taps Tink’s data channel
Sopra Banking Software serves roughly 1,500 banks and financial institutions.
Allica Bank goes live on Profile platforms
FMS.next and RiskAvert deployed at SME challenger bank.
Xalq Bank goes live with TranzAxis from Compass Plus
Xalq Bank joins compatriot Unibank as a TranzAxis user.
TransferWise partners with two Swiss banking services
TransferWise will tap neon’s 30,000 users.
Italy’s Generali considers Brightsphere acquisition in US
The insurance giant is looking to expand its US footprint.
Resurs Bank’s new CEO prioritises open banking
The Swedish bank has roughly 6.2 million customers.
solarisBank enables instalments for German AmEx customers
AmEx users can spread payments of more than €300.
Two UK credit unions go live on ClearBank & incuto tech
Hoot Credit Union and Lanarkshire Credit Union activate faster payments.
Video: Top fintech stories this week – 26 June 2020
FinTech Futures’ weekly news round-up.
Lanistar partners with Jumio ahead of “polymorphic” debit card launch
Lanistar landed a $2.5 million seed investment in March.
Privitar receives $7m investment from HSBC
HSBC is expanding its strategic relationship with Privitar.
