Troubled Fidor Bank to shut down in the UK
Fidor Bank UK has announced it is withdrawing its services and products from 15th September.
Retail Banking
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Manulife Bank deploys Kasisto’s AI chatbot
Talk with a robot for all your banking needs.
New mobile account in India Wizely gears for launch
New mobile account in India Wizely gears for launch
BBVA creates AI Factory to drive data innovation
The team will work on both customer and internal solutions.
Monzo hits £2bn valuation
The latest funding round raised £113 million.
Arival takes step closer to US banking licence
The fintech has launched a $3 million crowdfunding campaign.
Banque du Caire goes live with Temenos Infinity
The bank has also chosen the Temenos T24 Transact core banking solution.
Lloyds freezes 8,000 Jersey offshore bank accounts
The lockdowns happened last year after customers failed to prove their identity.
Roostify teams up with HSBC Bank USA
The new tech will revamp the digital mortgage experience.
HooYu and NatWest collaborate to offer account opening by selfie
The bank’s competitors HSBC and Lloyds began offering “selfie banking” in 2016
N26 launches MoneyBeam for UK users
MoneyBeam lets users receive or transfer up to £100 with other N26 users in the UK.
Landmark Group and HSBC debut dual-platform blockchain deal
A major step forward in the Middle East’s retail industry adopting blockchain
Chip Mong Bank picks Compass Plus to support Cambodia launch
Compass Plus provides an ATM cash-by-code service.
Tinkoff launches Oleg, a financial and lifestyle AI
Tony Stark’s, Jarvis, may have some competition.
FCA reveals new rules to protect BNPL consumers
Companies will no longer be able to charge interest on money repaid within offer period.
Länsförsäkringar Bank completes TCS core banking implementation
The new solution is expected to enable flexibility in services and pricing.
Video: fintech news weekly round-up – 11 June 2019
This week, news about JP Morgan’s Chase, Visa, and more!
FCA tackles overdraft rules on new consultation paper
It proposes more transparency for better customer experience.
New Indian challenger Payzello launches
The fintech doesn’t have a banking licence – yet.
Step receives $22.5m Series A funding
Challenger for teens’ waiting list has surpassed half a million people.
JP Morgan folds smartphone bank account one year after launch
Finn accounts, aimed at millennials, will be moved to the Chase mobile app.
FCA introduces new rules for P2P platforms
P2P platforms must implement changes by 9 December 2019, but the application of MCOB is immediate.
Step and Kard target teen market for banking
Both banking apps have launched their waiting lists.
Emirates NBD builds AI-enabled bank with AWS
The Middle-Eastern bank is applying tech to customer sevice.
Amadeus Future of Payments – payments integration in the travel industry
Round-up of the first Amadeus customer event in Madrid.
Swedbank partners with Kaching Retail to develop mobile payments
The bank has also become a key investor.
New APP scam protection code comes into force
Victims now more likely to get their money back.
Video: fintech news weekly round-up – 28 May 2019
News on Facebook, Monzo, Transferwise, and more!
Infosys to power GTB’s digital strategy in Myanmar
Understood to be replacing 3i Infotech’s Kastle core banking system.
Allegacy FCU takes Fiserv core and other applications
The institution is understood to be replacing FIS’ old Miser system.
Lloyds announces new digital tech hub in Edinburgh
Plan will create 500 high-skilled jobs over next 18 months.
Money transfer app Pangea looking to offer checking accounts
More firms are looking to jump into the challenger bank world.
ATMs decline for first time as cash demand falls
But ATMS are on the rise in developing markets.
OpenFin raises $17m for financial desktop innovation
This brings OpenFin’s total funding to $40m.
Singapore-based challenger YouTrip scores $25.5m funding
It will use the funding for international expansion.
Rabobank IDB works with Sopra for PSD2
The bank has taken a Sopra solution called the Digital Experience Platform (DxP).
Top fintech stories this week – 17 May 2019
SoftBank’s big investment, as well as BCR’s pool B… and more!
Zenus Bank launches aiming to serve global clients
The US bank holds an international license.
New regtech FrankieFinancial signs up Xinja and Novatti
Aims to solve $4 billion legacy systems overhead problem.
