FinTech Futures: Top five stories of the week – 13 October 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Retail Banking
GreenSky sold to Sixth Street-led investor consortium, Goldman Sachs confirms
The consortium consists of funds and accounts managed by KKR, Bayview Asset Management and CardWorks.
Video: Genesys at FinovateFall 2023 – Modernising the customer experience in banking
At FinovateFall 2023, we spoke with David Porter of Genesys about how banks can enhance their customer experience.
India’s IDBI Bank names Nehal Shah as new deputy chief technology officer
Shah will be responsible for the bank’s IT security and digital channels across various functions.
Banking Tech Awards USA 2024 nominations are now open!
Nominations for the Banking Tech Awards USA 2024 are open until 9 February.
HSBC acquires Citi’s $3.6bn consumer wealth portfolio in China
The deal is expected to close in H1 2024, with HSBC planning to extend offers to “in-scope employees” in China.
Al Rajhi Bank Malaysia CEO Arsalaan Ahmed departs to pursue “personal ambitions” in fintech
Ahmed played a pivotal role in the launch of ARBM’s digital banking offering Rize last year.
Motive Partners to manage ABN Amro’s ventures fund as part of new partnership
The ABN Amro Ventures (AAV) fund is comprised of 15 early-stage companies and has €150m in AUM.
Atom Bank taps climate tech firm Kamma to evaluate mortgage book emissions
Kamma’s tech will provide a “deep review” of the climate impact of Atom’s mortgage and lending activities.
Pakistan’s latest challenger HugoBank gains preliminary approval
It will position itself as a retail bank offering digital financial services to boost financial inclusion in Pakistan.
What the FinTech? | S.4 Episode 16 | Meeting customer needs in a cost-of-living crisis
In this episode of the podcast, we’re joined by Andrea De Gottardo, CEO of UK digital bank Kroo.
HSBC UK taps Nova Credit for international consumer credit data
HSBC previously invested $10 million in Nova Credit’s Series B round in September 2022.
FinTech Futures: Top five stories of the week – 15 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Sailesh Panchal announced as new CTO of TSB Bank
As CTO, Panchal will be tasked with overseeing TSB Bank’s data and payments functions.
FinovateFall 2023: How can incumbent banks keep up in a rapidly evolving tech landscape?
This year’s FinovateFall conference aims to solve how incumbents can achieve digital acceleration.
UK challenger Kroo looks to raise £70m Series C as it takes on banking transparency
Kroo is looking to family offices, institutional investors, VCs and private equity in the UK, US and Europe.
UK challenger Zopa looks to accelerate growth with £75m funding
This latest funding brings the total amount of capital raised by the bank to £530 million.
Monzo announces new feature to help protect customers against impersonation scams
UK consumers lost a total of £177.6 million to impersonation scams last year.
Gilles BianRosa steps down as CPO of N26 to pursue career in the US
BianRosa is to assume a position on the bank’s supervisory board from this month.
Scotiabank shakes up senior leadership team with new appointments
Aris Bogdaneris joins from ING to oversee Scotiabank’s digital banking business Tangerine.
FinTech Futures: Top five stories of the week – 1 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
JP Morgan Chase increases stake in Brazilian digital bank C6 to 46%
The US bank first bought a stake in C6 in June 2021.
Nasdaq appoints former UBS executive Sarah Youngwood as CFO
Youngwood will take over from Ann Dennison, who has held the role since 2021.
Goldman Sachs to wave goodbye to GreenSky as proposed sale enters final stages
Some offers for the Atlanta-based fintech are reportedly topping $800 million.
Social media: a driving force in digital transformations
To stay relevant, businesses need to regard social media as an integral part of their digital strategy.
What the FinTech? | S.4 Episode 14 | Financial vulnerability and the Consumer Duty
In this episode of the podcast, we’re joined by Helene Panzarino of the London Institute of Banking and Finance.
Case study: Keytrade Bank’s transformation journey
Belgium’s pioneering digital native bank, Keytrade Bank, partners with Infosys Finacle for strategic evolution.
Alpha Bank acquires Orange Money’s Romanian retail business
Alpha Bank Romania is aiming to become “one of the key players in the Romanian digital banking space”.
Former Monzo execs launch new fintech start-up Sync Savings
The start-up recently closed its pre-seed funding round, the amount of which has not been disclosed.
Moniepoint gets the go-ahead to acquire Kenyan fintech Kopo Kopo
For Moniepoint, which operates in Nigeria, the acquisition allows it to expand its footprint into Kenya.
Standard Chartered global head leaves to found fintech start-up
Manohar Chadalavada is leaving the bank to be the co-founder of a fintech start-up currently in stealth.
Peoples Bank taps Corserv to launch credit card programme
With Corserv, Peoples Bank will be able to offer 14 different credit card products to its business and retail customers.
FinTech Futures: Top five stories of the week – 18 August 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Points West Community Bank taps Apiture for digital banking upgrade
The bank says it wanted to enhance its digital banking solutions following more customers wanting to go digital.
Indian neobank Zolve expands into expat-friendly mobile services with telecom-as-a-service platform Gigs
Zolve’s telecom-financial offering is tailored for expats pursuing educational or professional opportunities in the US.
Monzo tops CMA banking satisfaction survey once again
The independent survey was carried out by Ipsos and BVA BDRC between July 2022 and June 2023.
DBS completes acquisition of Citi’s consumer banking business in Taiwan
DBS has also absorbed close to 3,000 employees from Citi Consumer Taiwan.
FCA asks UK banks to hand over data on bank account closures
The UK’s largest banks and building societies have until 25 August to supply the information.
Revolut halts crypto services in the US citing “evolving regulatory environment”
From 3 October, access to crypto through Revolut will be fully disabled for US customers.
Credit card fintech Petal secures $200m debt facility from Victory Park Capital
In addition, the company has also raised $20 million in new equity financing from its existing investors.
