Merck Sharp & Dohme FCU adopts Fiserv’s biometric authentication
The system uses palm readers to verify both members and employees.
Partnerships
Nationwide chooses OutSystems for new digital business
OutSystems will take on the business logic and process for Nationwide.
Seven mobile paytechs form new association
It will “win back lost terrain in the payments space” for Europe.
Allied Irish Banks chooses nCino for core technology
Accenture will be acting as the systems implementation partner
Volkswagen Bank chooses OneSpan for cybersecurity
Volkswagen will use OneSpan’s mobile application security.
Standard Chartered chooses Traydstream AI solution
Traydstream begins with the global trade export market in Singapore.
B-North chooses Mambu and nCino for core technology
B-North is still awaiting a licence from the FCA.
Phoebus Software lands five-year deal with Equifinance
The lender wants a best-of-breed to grow.
Tally picks TruNarrative for onboarding and ID verification
The solution will help Tally’s compliance to industry requirements.
Trustly serves Alibaba’s European customers via Ingenico
Alibaba serves ten million buyers.
Fintech start-up Byhiras chosen for UK pension solution
The solution will be used by all UK LGPS pension funds by Q1 2020.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
EWPN and EPA collaborate on boosting equality in the finserv industry
EPA’s report shows 57% of those surveyed have personally experienced gender discrimination.
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
Empaxis teams with InvestCloud to launch TAMP1
The platform is designed for small to medium-sized investment managers.
Why should banks and fintechs work together?
Partnering up with fintechs and leveraging their agility and technological edge is what will keep banks relevant.
Schroders Personal Wealth troubled by IT issues
The launch of the joint venture between Lloyds and Schroders have prompted widespread complaints from staff.
Standard Bank and Nomanini sign 12-months in the making $4m deal
Nomanini will be looking to raise additional funding for growth.
Raisin to offer pensions with acquisition of Fairr
It will be the first online marketplace to offer savings, investments and pensions.
Wealthfront acquires robo advisor Grove
California-based, Wealthfront, is acquiring financial planning fintech Grove for an undisclosed sum
People’s Bank of China to issue fintech development plan
The strategy will include actions to control risk.
Credit union NEFCU chooses Fiserv for digital transformation
NEFCU has more than $3 billion in assets.
WhatsApp talks to Indonesian fintechs for mobile payments launch
WhatsApp is waiting for regulatory approval in India for a similar service.
Standard Chartered and SAP Ariba partner to serve APAC
Collaboration aims to accelerate digitisation of the entire supply chain.
Identitii secures second licence with HSBC
Identitii will provide the bank with its Overlay+ platform.
Alterna Bank partners with nCino
The agreement marks nCino’s first Canadian credit union customer
SMBC chooses Exiger AI compliance solution
Exiger promises SMBC it will boost its operational efficiency by more than 80%.
Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Banco Galicia chooses Strands for mobile banking
Strands technology will become “a tool for financial education”
Retail banks must be team players
Industry players question collaboration for fear of surrendering their competitive edge.
JCB acceptance expands to UK and Ireland
The Japanese card issuer has partnered with EVO Payments.
Close Brothers picks Deposit Solutions’ Swiss direct B2C channel
Savedo will enable the collection of euro retail deposits from Switzerland.
Japan’s Line Pay integrates China’s WeChat Pay
The global alliance will boost Japan’s revenue from inbound Chinese tourists.
Data Action wins core solution deal with Greater Bank
Greater Bank hopes the new partnership will prepare it for the open banking era.
China’s Transsion and Wapi Capital start African fintech fund
Transsion will provide equity-based investments of up to $100,000.
CAIS announces new insurance product with Schechter
CAIS connects financial advisors with alternative investments.
How regulations are bringing banks and fintechs together
There are plenty of benefits for both.
Barclays ends landmark crypto partnership with Coinbase
Coinbase no longer has access to the UK FPS.
Finastra wins core cloud deal with neobank, Gravity
Gravity is still seeking authorisation to serve SMEs.
