2023: Top five fintech start-ups of the year
Here are five of the top fintech start-up stories from 2023.
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2023: Top five partnerships of the year
FinTech Futures takes a look back at five of the top partnership stories of the year.
Beem Credit Union appoints Sue Britton as chief innovation officer
Beem Credit Union will launch on 1 January in Canada with the merger of Gulf & Fraser and Interior Savings.
BCFC launches lending app in Bahrain powered by Codebase Technologies and Atyaf eSolutions
The companies first announced their partnership in August 2022.
Award wins signal success for Polish newcomer VeloBank
Poland-based challenger VeloBank won both the Team of the Year and Newcomer Banking Brand at Banking Tech Awards 2023.
Former TD Bank exec Michael Rhodes appointed as new CEO and president of Discover Financial Services
Rhodes succeeds former CEO and president Roger Hochschild, who stepped down with immediate effect in August.
Banking Technology Magazine Dec 2023 / Jan 2024 issue out now
Cover story: THE BEST OF BANKING TECH – Winners and pictures from an amazing night.
Hungary’s OTP Bank taps iGCB for core banking revamp
OTP Bank has selected the vendor’s Intellect Digital Core (IDC) offering and lending platform.
FinTech Futures: Top five stories of the week – 8 December 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Monzo co-founder Jonas Templestein departs after nine years
Templestein shared a letter he sent to his co-workers announcing his departure last week.
Italian competition authority interrupts migration of 2.4m Intesa Sanpaolo accounts to Isybank
The watchdog says more than 5,000 of Intesa Sanpaolo’s own customers sought its intervention.
Metro Bank to axe 20% of jobs and review branch opening hours in push to cut costs
The bank is due to cut around 800 jobs as it looks to save up to £50 million per year in costs.
Apple’s partnership with Goldman Sachs is reportedly nearing its end
Apple has reportedly proposed ending its partnership with Goldman Sachs within the next 12 to 15 months.
ASR Nederland explores sale of digital bank Knab
ASR first acquired the brand in July this year after buying up Aegon’s domestic operations in the Netherlands.
Shareholders give Metro Bank refinancing deal the green light
The £925 million rescue deal also grants Spaldy Investments a 52.88% ownership stake.
Barclays could reportedly cut around 2,000 jobs in push to reduce costs by £1bn
Reuters reports that the bank’s managers are looking to increase profitability and are reviewing proposals.
What the FinTech? | S.4 Episode 22 | Personalisation in digital banking
In this episode of the podcast, we’re joined by Olivier Berthier, CEO of Moneythor.
Mashreq taps Visa and Ecolytiq to launch climate banking platform
The platform uses transaction data to produce carbon footprint analytics.
Google parent company Alphabet in talks to seize major stake in UK challenger Monzo
Monzo could close its latest round of funding before the end of the year as it eyes up a potential IPO.
AMP Bank and Salt Bank tap Starling’s Engine platform for digital banking offerings
Engine enables clients to build their own banking propositions using the same core technology that Starling uses.
Fintel makes double acquisition of VouchedFor and AKG for combined £9.1m
The deals mark Fintel’s third and fourth acquisitions of the year, following deals for Micap and Competent Adviser.
AI, BaaS and identity: Inside day one of the Fintech Talents Festival
Hosted at The Brewery, London, the festival has this year attracted over 2,000 delegates and 400 speakers.
Canadian Tire reacquires Scotiabank’s 20% stake in its financial services arm in $650m deal
Scotiabank first bought its 20% stake in May 2014 for around $460 million.
Goldman Sachs reportedly seeks new issuer for General Motors credit card
Goldman Sachs bought the GM credit card business for $2.5 billion in October 2020.
CFPB targets US fintech firms with proposals for increased regulatory scope
The proposals will target 17 companies who control 88% of the market share.
N26 to cease operations in Brazil within the next two months
The challenger bank wants to focus its efforts on its “core markets”, namely Germany, France, Spain and Italy.
The Bank of London names Frankie Woodhead as new chief product officer
Woodhead joins from 10x Banking, where he worked for over five years following a decade-long stint at Barclays.
Monzo hires Brolly founder Phoebe Chibuzo Hugh to lead its “charge into insurance”
Hugh founded digital insurance platform Brolly in 2016, which was acquired by Direct Line Group in 2020.
NatWest engages IBM to revamp chatbot service with generative AI
Cora+ leverages generative AI to draw on multiple different information sources to answer customer queries.
Video: iGTB at Sibos 2023 – How banks can keep up with shifting customer demands
We chat with iGTB CEO Manish Maakan about how banks can adapt their strategies to meet evolving customer needs.
Deutsche Bank plans to cut Postbank branch network by nearly half
The bank is reportedly planning to close around 250 of its 550 Postbank branches within the next three years.
Kuwait Finance House launches new youth-focused digital bank Tam
Tam offers a digital savings account, prepaid cards, student allowance management and local transfer services.
Coop taps Additiv to launch new financial services app Coop Finance+
Coop says its “super-app” will provide banking services, payments and pension solutions to its customers.
Íkualo to launch next month as neobank for Europe’s financially excluded immigrant community
The licensed electronic money institution will be able to onboard new customers with just a passport.
Video: Bank of America at Sibos 2023 – The evolution of transaction banking
At Sibos 2023, we sat down with Chris Jameson of Bank of America to discuss the shifting transaction banking landscape.
US regional bank United Community partners Allied Payment Network for real-time payments
The South Carolina-based bank is to integrate Allied’s RTP solutions into its Q2 digital banking platform.
Vietnam’s LPBank selects Temenos for core banking upgrade
Temenos has been gaining a foothold in Vietnam, with 24 other Vietnamese banks now running on the firm’s platform.
National Bank of Greece deploys Infosys Finacle core banking system
The deployment forms part of the bank’s core banking replacement project ‘Cosmos’.
Yemen’s Tadhamon Bank upgrades to latest version of Azentio’s iMAL core banking platform
The bank has been running on iMAL since 2010.
Can banks connect the dots in their pursuit of sustainability?
As ESG transitions towards a matter of law and compliance, a lack of focus could have very serious consequences.
