LGT in Liechtenstein taps Finastra for instant payments
Finastra says the move will enable LGT to meet the EU instant payments regulatory timeline.
Partnerships
FinTech Futures: Top five news stories of the week – 24 May 2024
Our pick of the top fintech news stories this week includes JP Morgan Chase, Citi, BBVA, OpenAI and more.
OUCU Financial Credit Union to migrate to Tyfone’s nFinia digital banking platform
The $483 million-asset credit union is also making use of Tyfone’s Skip-a-Pay and Quick Pay solutions.
BBVA partners OpenAI to deploy ChatGPT among its employees
BBVA has begun deploying 3,000 ChatGPT Enterprise licenses among its employees in Spain.
EFG Hermes snaps up minority stake in AI digital wealth manager Kenzi Wealth
EFG Hermes has also signed an MoU with Kenzi to enhance its EFG Hermes One trading platform.
Demystify Podcast: The growth of fintech in the UAE – Dubai Fintech Summit special
Dave and Dharm speak with four financial services leaders at this year’s Dubai Fintech Summit.
Alpian’s $83m Series C round sees Intesa Sanpaolo’s Fideuram become majority shareholder
Fideuram first made a $20 million investment in Alpian back in 2022.
UK challenger Chetwood Financial acquires lender CHL Mortgages for Intermediaries
Chetwood states that the purchase will complement its forthcoming ModaMortgages proposition.
Bank Muamalat signs long-term partnership with Backbase for Engagement Banking platform
The Malaysian bank plans to launch a digital Islamic banking super-app “by the end of the year”.
BNP Paribas set to buy French life insurance business Neuflize Vie from ABN Amro and AXA
Neuflize Vie was founded in 1990 as part of a joint venture between AXA and ABN Amro.
Santander and Iberpay in Spain join EPC’s OCT Inst scheme as inaugural participants
Iberpay will serve as the clearing and settlement mechanism, through Santander, for OCT Inst transactions.
Interview: How Project Nemo is working to accelerate disability inclusion in the UK fintech industry
We chat with Joanne Dewar, head of Project Nemo, about the need for greater disability inclusion in UK fintech.
HSBC UK partners accounting software provider Ember for My Business Finances tool
The tool aims to help small businesses comply with the UK’s upcoming Making Tax Digital initiative.
Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub
The bank has also tapped Temenos’ US Model Bank to “meet the unique business needs of the US market”.
Vietnam’s PVcomBank launches mobile banking app powered by Temenos Digital on AWS
PVcomBank has been running on Temenos Core for retail and corporate banking for over 10 years.
Standard Chartered pilots carbon credit tokenisation in Hong Kong with Mastercard, Mox Bank and Libeara
The pilot was conducted through the fintech supervisory sandbox hosted by the Hong Kong Monetary Authority.
Avidbank partners Corserv to launch commercial credit card programme
The bank will utilise Corserv’s Account Issuer solution to power its new credit card offering.
Emirates NBD taps Pine Labs to enhance merchant acquiring services
Emirates NBD will implement Pine Labs’ Credit+ solution.
Chiba Bank to deploy Moneythor personalisation engine for Chibagin app
The partnership aligns with Chiba Bank’s mid-term plan to shift to a customer-focused business model.
BIS opens call to private sector participants for Project Agorá
Applications are to remain open until 31 May, with the final list of participants to be announced on 9 August.
Bradwin Roper to step down as fintech CEO of MTN South Africa
Roper, who joined the company last year, is set to depart in October.
Deutsche Bank to explore asset tokenisation applications as part of MAS’ Project Guardian
The bank will collaborate with Interop Labs and Memento Blockchain as part of the project.
Broadridge acquires Securities Industry Services business from Kyndryl
Kyndryl will provide the SIS business operated under Broadridge Canada with managed services.
Bankart migrates payment processing to Diebold Nixdorf’s Vynamic Transaction Middleware
The integration is to replace Bankart’s legacy payment processing platform provided by ACI Worldwide.
Banque Internationale à Luxembourg goes live with Temenos’ core banking and payments tech
BIL has actioned a major technology overhaul of its retail, corporate and private banking operations.
President’s Choice Financial taps Temenos for retail core banking solution
PC Financial will adopt Temenos’ retail core banking solution as SaaS on Microsoft Azure.
New paytech Wink Pay launches in Lebanon in partnership with Visa and Codebase Technologies
Wink Pay offers an instant card issuance service for Visa prepaid virtual cards.
CTBC Bank Philippines partners Hitachi Asia for digital banking revamp
The bank has worked with Hitachi Asia to redesign its web interface and mobile banking applications.
What are the strengths, weaknesses and concerns around open banking?
The industry must ensure that open banking tech serves the strategic needs of consumers and institutions.
BBVA makes $13bn hostile takeover bid for Banco Sabadell
Banco Sabadell’s board had previously rejected an offer from BBVA claiming it significantly undervalued the company.
Suffolk Building Society taps Finova to power mortgage offering
The mutual is to integrate Finova’s Apprivo mortgage originations banking platform.
TerraPay appoints network head amid new partnership with MultiPass
Hassan Chatila has been named as VP and global network head, joining from Western Union.
A1 Bank goes live with Avaloq’s core banking platform
The implementation of the platform was carried out by Avaloq’s partner Synpulse.
ICYMI fintech funding round-up: Fundcraft, Volta, Swypex, SAVR and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 10 May 2024
Our pick of the top fintech news stories this week includes Monzo, NAB, GoTyme Bank, and more.
WaFd Bank to deploy Fiserv’s CashFlow Central for small business customers
The digital payment and cash flow management solution is the result of Fiserv’s partnership with Melio.
Equals Money to power Chorus TM’s new financial management platform for the music industry
Chorus TM’s next step is a full US launch, which is scheduled for the coming months.
FinTech Founders Video: ensuring data security in fintech partnerships
This new episode in our FinTech Founders series examines data sharing security in fintech partnerships.
Demystify Podcast: BaaS in the USA with Arcady Lapiro of Agora
In this podcast episode, Dave and Dharm chat with Arcady Lapiro, founder and CEO of Agora.
New Peoples Bank taps Jack Henry for core processing
The bank is to adopt Jack Henry’s core processing solution and digital banking platform Banno.
