UK’s Payments System Regulator presents 2019/20 annual plan
The UK regulator smoothens out open banking and fraud.
Retail Banking
Standard Chartered to launch virtual bank in Hong Kong
To be conducted under a new entity in Hong Kong.
FCA seeks to address mortgage switch difficulties
To free mortgage prisoners from bad loan assessment processes.
ING and Bank of Beijing create digital bank in China
Through an investment of $447 million.
Amount to power TD Bank’s digital lending platform
The first in a series of collaborative initiatives.
DNB taps on the Nordic API Gateway for account aggregation
The app will allow customers to manage all accounts.
Bank of the West shifts to hosted for Systematics core
The bank is a long-standing user of the mainframe-based core system.
Top fintech stories this week – 22 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Six Spanish banks sign up for gpi cross-border payments
Adoption of gpi has seen a year-on-year increase of 270%.
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
Curve announces plans for global expansion
LinkedIn’s former talent hunter will head international recruitment.
SimplyBiz Group agrees to acquire Defaqto
Defaqto’s management and strategic direction will be unaffected.
Jumio integrates with ComplyAdvantage for new AML solution
Highlighting the role of sanctions lists in helping fight financial crime.
2gether expands its prepaid crypto card into Europe
Consumers will be able to spend crypto as easily as euros.
StanChart’s new platform connects start-ups and investors
SC Ventures Fintech Bridge will serve as a nexus for industry players linked to the bank.
Urban FT Group brings community banks to the mobile era
To compete with the top tier banks’ services and tools for customers.
Video: fintech news weekly round-up – 18 March 2019
More open banking news, fintechs in LatAm, an a MasterCard acquisition.
Nets to support Sbanken’s open banking across Nordics and Europe
“Banking as we know it will change radically.”
Paytech InComm acquires Linq3 Technologies
This is the firm’s eighth acquisition.
French firm PayTrip launches prepaid for relatives abroad
Inspired by a Moroccan engineer’s personal experience of making money transfers.
First Direct invites customers to co-create new products
The launch of fdesign follows the introduction of peer-to-peer payments system fdpay in January.
Doxo to provide electronic billpay solution to RR Donnelley & Sons
Doxo’s payment solution enables customers to access and pay bills from more than 45,000 providers
South Africa’s Standard Bank to axe 1,200 jobs
It will also close 91 branches in the name of digitalisation.
Barclaycard brings Alipay payments to UK retailers
To cater to the many Chinese Alipay users.
BNP Paribas Fortis dreams up Didid app for savings
The app is virtually linked to users’ current and savings accounts.
Bulgaria’s Municipal Bank gets core and payments tech from Oracle
EXCLUSIVE. It is understood new tech will replace CSoft’s VCSBank.
Navy Federal Credit Union sails on Broadridge’s SaaS platform
It’s the first credit union to go live on MBS Expert.
Open Banking one year on
Information Builders looks at how the initiative opened up new opportunities with data.
Iraq’s Rafidain Bank revamps tech with Oracle
EXCLUSIVE. It is understood new tech will replace Finastra’s Fusionbanking.
BGL BNP Paribas offers digital wisdom via Genius AI
A “personalised and intelligent digital assistant” lands in Luxembourg.
UK’s Nationwide analyses customer interactions with SAS
AI will look at how emails are managed at the building society.
RCBC files defamation suit against Bank of Bangladesh over 2016 cyberattack
The aftermath of the $81 million cyberheist lingers on.
Nymbus banking tech suite is Inspire-d choice
Pennsylvania’s Inspire Federal Credit Union is now live with its solutions.
UK’s OneSavings Bank and Charter Court mull merger
The new institution would be valued at more than £1.6 billion.
IPsoft’s 1Bank is one for conversational banking
New solution is powered by virtual agent Amelia.
White paper: Multi-cloud fundamental to financial services’ transformation
Discover major trends that are impacting financial service businesses
Starling Bank enters Moneyhub’s payment gateway
“The first challenger bank to support PSD2 PISP legislation.”
State Bank of India selects FSS for one nation of payments
One nation, one card, one deal, one story. Too much? One can’t say.
Top fintech stories this week – 8 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Swift gives short shrift over RBI penalties to Indian banks
It says the failures lie with automated payment processes at the banks.
