San Francisco neobank Aspiration raises $135m in Series C round
The socially conscious fintech plans further growth with cash injection.
Retail Banking
Fortunis capital invests £15m in UK fintech Karma
The voucher lending app was trialled in the UK with support from the Scottish government.
Indian neobank Walrus aims for teenage market
Newly launched bank wants to help teens learn about “bad world of money”.
Oracle gains three new Flexcube customers in Nigeria, Thailand, and Laos
Technology vendor also reveals 13 go-lives for Q4 2020.
Westpac discloses AML breaches and due diligence failures
Australian bank has set aside AUD 900 million for an expected fine.
Swedish financial regulator picks BearingPoint to boost data analysis
The Financial Supervisory Authority plans to digitise EBA, EIOPA, and ESMA reporting data.
Citizens Bank taps Teslar Software to improve portfolio management
The Arkansas-based bank turned to Teslar following a recommendation from a compatriot lender.
Newcastle Building Society names Manila McLean as new CIO
Manila joined the firm from Tesco Bank in 2019.
BHD Leon picks Temenos Transact to power geographic expansion
The Dominican bank is aiming for a wholesale digital transformation.
Masthaven Bank shakes up leadership with new CEO
Leigh Bartlett moves into the CEO position as founder Andrew Bloom steps back.
Bank of the Philippine Islands deploys Avaloq Banking Suite as SaaS
The new client is Avaloq’s first in the Philippines.
Luminor Bank deploys facial recognition for customer onboarding with Ondato
The Baltic bank will launch the new solution across Latvia and Estonia in the near future.
Path Solutions and Thomson Reuters extends GCC systems partnership
iMAL core banking and Onesource tax solutions to be offered in tandem.
UK banks see surge of interest in Bounce Back Loans Scheme
In the first minute after 9am, Barclays had received 200 applications.
ABA unveils suite of core banking selection resources
US association continues campaign to diversify core banking market.
US challenger Bambu picks FIS Modern Banking Platform
Tennessee-based challenger bank plans to target the underbanked.
HSBC freezes redundancy plans as COVID-19 hits $6bn overhaul
London-headquartered bank releases Q1 earnings with stark warning for Europe.
Owning customer relationships is a key priority for banks in the era of open banking
The number one concern, unsurprisingly, is ensuring online security.
NatWest taps Lloyds exec Jen Tippin for chief transformation role
The new hire is set to go through in late 2020 following regulatory approval.
Phoebus Software appoints Unisys’ Mehran Radfar as COO
Radfar joins to “make a difference” at Phoebus.
Jumhouria Bank goes live on SmartStream cash reconciliation system
Libya’s largest bank signed for the platform back in July 2018.
Mizuho Bank launches face ID biometrics for online banking
The Japanese bank has partnered with Google Cloud Japan for the project.
Auriga snaps up LDM security platform from S21sec
Italian technology vendor Auriga has acquired ATM cybersecurity platform Lookwise Device Manager (LDM) from Spanish security firm S21sec. Auriga plans to integrate its new acquisition into the WWS software suite, designed for security monitoring and control of networked devices including ATMs, point of sale, and payment control systems. Designed as an integrated security solution, Auriga […]
Castle Trust signs DPR for savings origination tech
Castle Trust aims to be a new challenger bank in the UK market.
PayTech Awards deadline extended! Submit your entry by 30 April
We have received more requests for extensions than ever before, so we are extending the entry deadline again until the end of April.
Four US credit unions pick Bankjoy for online banking
Four credit unions holding combined $724m in assets select Bankjoy’s systems.
Chinese tech giant Huawei to launch new consumer credit card
Chinese manufacturer borrows a selection of Apple Card features for new product.
HSBC launches mobile onboarding in mainland China
UK-headquartered bank is the first foreign lender to launch mobile onboarding in China.
TSB’s online and mobile banking goes down on April Fools
Phone lines were busy and branches weren’t reachable amid lockdown.
How banks’ platform strategies are shaking up the fintech industry
A shift to the digital landscape has not been plain sailing for financial institutions
PayTech Awards deadline extended! Submit your entry by 10 April
Premier awards for banks, financial, payment & e-commerce institutions, paytech vendors, individuals & teams!
Siam Commercial Bank taps Ripple to provide cross-border payments
The Thai bank aims to cater to both individuals and businesses.
ICICI Bank launches WhatsApp-based banking service
The Indian bank follows up on its API and digital development.
Cash flow firm Plastiq raises $75m in Series D funding round
Plastiq has raised more than $140m in funding since its founding in 2012.
Coronavirus: UK cash usage halves during pandemic
Shop closures, contactless and hygiene concerns taking its toll on cash.
A look under the hood of ABN Amro’s internal Covid-19 operations
The bank admits there were some VPN teething issues.
HSBC’s $6bn structural overhaul under threat from COVID-19
The global bank may have to delay its plans if the contagion becomes a long-term issue.
Interior Savings Credit Union picks Fiserv DNA
Canadian credit union shifts to new system to drive “flexibility”.
CFPB files account fraud lawsuit against Fifth Third Bank
US regulator claims bank opened credit accounts without customers’ permission.
UK treasury expected to push back sale of its RBS stake to 2025
A further five-year delay is put down to “turbulent stock markets”.
