Gate City Bank goes live with Alkami’s full suite of digital banking solutions
The selection includes Positive Pay for ACH reporting and new account opening capabilities.
Retail Banking
News, intelligence and resources on the global fintech industry including topics such as retail banking.
Canadian fintech Neo Financial raises $258m in mix of equity and debt funding
The round comprised $78.9 million in equity and $179.3 million in debt.
Ohio’s Kemba Credit Union taps Alkami for digital banking platform
The credit union has gone live with Alkami’s platform to enhance engagement, personalisation, and fraud prevention.
October 2024: Top five core banking stories of the month
FinTech Futures takes a look back at five of the top core banking stories of the month.
Canada’s Central 1 announces plans to wind down its digital banking business
The company says it will transition its digital banking clients “to one or more alternative digital banking providers”.
Gearing up for the bargain battle
Core banking modernisation can be done without a large migration team and without disruption to customers.
GTBank live with new core banking system, Infosys Finacle
The Finacle core banking system has replaced GTBank’s legacy ICS Banks solution from ICSFS.
Banking Tech Awards USA 2025 now open for entries
The deadline for entries is 7 February 2025.
Daily News at Sibos 2024
Download your free copy of the Daily News at Sibos publication today!
Banking Tech Awards 2024 finalists revealed!
We are delighted to share with you the shortlist for FinTech Futures’ Banking Tech Awards 2024.
Pension management company Indexo launches bank in Latvia powered by Mambu
Mambu’s integration with Indexo Bank has been underway since March last year, and was led by IT solutions provider Fintecor.
Old Second National Bank selects Newgen Software’s digital account opening solution
The solution will enable Old Second to streamline digital onboarding for retail and business banking customers.
CaixaBank doubles down on generative AI with launch of GalaxIA project
The new project will look to build on its GenIAl project launched late last year.
Scotiabank buys 14.9% stake in KeyCorp for $2.8bn
The Canadian bank’s CEO says the deal “creates future optionality for Scotiabank in the North American corridor”.
Kuwait’s Boubyan Bank taps Temenos to modernise its core banking systems
The bank is migrating to Temenos’ core banking platform for corporate banking, retail, and wealth management.
FinTech Futures: Top five news stories of the week – 2 August 2024
Our pick of the top fintech news stories this week includes Renasant Corporation, Stripe, ING and more.
Bank of England launches discussion paper on “ambitious agenda” for UK’s payments landscape
The public have until 31 October 2024 to submit feedback on the paper.
NatWest to acquire £2.5bn in prime UK residential mortgages from Metro Bank
Metro Bank is also set to withdraw credit cards from its product range.
UK’s CMA says Lloyds Bank, TSB, AIB and HSBC breached Retail Banking Order
The CMA will continue to monitor the compliance of the four banks.
Barclays sells German consumer finance business to Austria’s BAWAG to refocus on “key businesses”
The sale is expected to release around €4 billion in RWAs for Barclays as it seeks business simplification.
Dutch insurer Nationale-Nederlanden to launch digital payment accounts in 2025
The insurer says it’s currently “in the preparation phase” of launching the new offering for retail customers.
Revolut announces record $545m profit for 2023
Revolut’s revenue surged by 95% over the year, from $1.1 billion in 2022 to $2.2 billion in 2023.
Video: Amdocs at Money20/20 Europe – Bridging fintech’s personalisation divide
Amdocs’ Bentzium Aviv discusses how emerging technologies are powering the pursuit of personalisation.
Mashreq to roll out Flexcube core banking system across global operations
Flexcube will be implemented at Mashreq’s international hubs in Hong Kong, the US and the UK.
Virgin Money taps Experian to streamline digital customer experience
Virgin Money says it plans to use Experian’s “full breadth of services” to enhance “all product lines”.
Sainsbury’s sells core banking business to NatWest
The deal includes the retailer’s personal loan, credit card and retail deposit portfolios.
Reserve Bank of Australia set to conduct “holistic review” of retail payments regulation
The review will begin after the Australian government evaluates the Payment Systems Regulation Act 1998.
Malta’s Finance Incorporated Limited taps Temenos for retail core banking solution
FIL aims to achieve fivefold growth over the next five years through its collaboration with Temenos.
Money20/20 Europe brings tokenisation, AI and digital transformation into focus
Day one’s proceedings took a specific focus on the topics of AI, tokenisation and digital modernisation journeys.
What the FinTech? | S.5 Episode 9 | Fintech innovation and collaboration
In this podcast episode, we chat with Andy Lowe, EMEA Head of Business Development for Technology at Bank of America.
From castles to banking ecosystems: the continuous evolution of banking software
The history of banking software is driven by the march of technology and ever-changing customer demands.
Bank Muscat’s Meethaq goes live with Temenos’ core banking tech
The bank claims to have migrated “over 200,000” customer accounts to the new cloud-based platform.
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”.
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.
CFPB fines Chime $3.25m for customer refund delays
Chime is to also pay “at least $1.3 million in redress to harmed consumers”.
Ecology Building Society set for 2025 core banking overhaul with Monument Technology
Ecology Building Society says technology modernisation will help “attract future customers at pace and scale”.
BNI Madagascar assigns Temenos cloud core implementation to Orion Innovation
The bank says it’s currently engaged in a “digital modernisation journey” for its SME clients and retail customers.
Celebrating 25 years of innovation: Banking Tech Awards 2024 nominations now open
Nominations for the Banking Tech Awards 2024 are now officially open to companies worldwide!
Barclays reportedly leading the race to take over GM credit card programme from Goldman Sachs
Barclays was a bidder for the programme back in 2020 before Capital One eventually sold it to Goldman.
Pierre-Yves Guegan named as new COO of CCF Group in France
Guegan’s two decades of industry experience extends to UniCredit, RN Bank and BNP Paribas.
