Italy’s largest bank UniCredit to cut 8,000 jobs by 2023 to reward shareholders
The bank wants to reach a 2023 revenue target of €19.3 billion.
Retail Banking
Temenos inks deal with Egyptian National Post
The firm will be replacing 20 legacy systems in the process.
Reserve Bank anticipates cardless retail landscape in Australia
Merchant fees on card payments in Australia came to AUS $4.3 billion last year.
TCS migrates ABCUL credit unions to Bancs on the cloud
Voyager Alliance, East London and RetailCURe moved to the new platform.
Nile Bank selects Oracle as new core banking provider
Implementation partner Profinch to ensure deployment.
TSB plans 82 branch closures in £100m cost cutting exercise
UK bank spends 85% of income on running costs, says CEO.
EQ Bank completes cloud-based Temenos core banking project
Bank finalises migration to the Microsoft Azure cloud.
Building a digital atelier: How fintechs are disrupting the fashion industry and combating waste
MTO technology can significantly reduce the march of overproduction.
Money20/20 USA: How Tangerine champions personalised digital banking with Meniga’s tech
From proof-of-concept to market launch, results, and lessons learnt.
Askari Bank selects Finastra to boost trade finance operations
Pakistan-based bank selects Fusion Trade Innovation.
Amica emerges as latest challenger in Indian banking market
The neobank remains in stealth mode for the time being.
Fraud reimbursement plan stalls with lack of industry consensus
Pay.UK calls on banks to come together and back creation of central fund.
Asian massage chair tycoon targets Singapore banking licence
Ron Sim is said to be in talks with Singapore-based investment company Temasek.
Bank of Georgia launches AI-powered personal finance tool
The new PFM tool is first of its kind in the Caucasus, says the bank.
Challenger banks in Hong Kong
A free guide to help our readers navigate Hong Kong’s challenger banking space.
Apple Bank picks FIS for core banking change
FIS IBS to be deployed on a hosted basis at the New York bank.
Fintech Talents 2019: Banks must grab digital opportunity
Industry panel argues that change is coming for all lenders.
Wells Fargo ordered to pay USAA $200m for infringed payments patents
USAA has further lawsuits pending over cheque deposit system.
Clearpay helps Marks & Spencer tap millennial generation
The paytech charges the merchant rather than the consumer.
City National Bank of New Jersey shut down by OCC
Three US banks have been closed in two weeks by regulators.
Desjardins Group data breach affected all 4.2 million members
Internal leak forced change in government policy.
Banking Technology November 2019 issue out now
The identity challenge.
Flywire furnishes Bank of America with cross-border payments solution
Bank’s higher education and corporate clients can expect better cross border service.
SME challenger bank Recognise signs on Mambu tech
Mambu Core will be plugged into the bank’s tech alongside nCino.
Norwegian challenger Bulder Bank launched by Sparebanken Vest
Bulder Bank plans to expand from mortgages in the near future.
Accessible and international SME banking
Options available to SMEs vary dramatically yet rarely fit the bill.
Finxact signs payments partnership with The Clearing House
Firms will work to implement real-time payments into the Finxact core.
Consolidated Bank Ghana goes live on Temenos T24 Transact
Consolidation project finalises under Temenos platform.
TransPecos Banks goes live with Nymbus to support BankMD
Digital-only bank for doctors live with Nymbus solution.
Standard Chartered opens second innovation lab in Hong Kong
The hub will be located at the bank’s 42-storey skyscraper in central Hong Kong.
UK Treasury Committee: Regulators must punish banks for IT failures
UK regulators “must have teeth and be seen to have teeth”.
TSB COO: “Whole host of things” need to be fixed
Bank executive spoke candidly at a company event.
Core banking challenger Neocova launches in central USA
New firm on the block wants to change how community banks are served.
Western Union expands into Asia with Kyodia and Hanpass partnership
The collaborations are live with payout functionality.
Bankmed deploys suite of Diebold Nixdorf ATMs
Lebanese bank is the first in the country to install cash recycling locations.
CNB Bank selects nCino to digitise retail lending processes
Pennsylvanian bank opts for firm’s Bank Operating System.
Yorkshire Building Society opts for OutSystems
Installation of a new integrated development environment underway.
Finovate Podcast: Epsiodes 1-10
Catch up on the latest Finovate Podacast espisodes.
eBook: 5 AI solutions every retail bank needs
Download the DataRobot ebook today
Metro Bank brings fintech to UK SMEs with £120m funding
The bank wants to inject “much needed competition” into the SME space.
