Double downer for CBA banking Down Under
Not the first time this year.
Retail Banking
A level-headed Monese unleashes free student accounts
UK bank wants to bring its A game in the name of A-levels.
UK challenger bank Monzo eyes $1.5bn valuation
Gearing up for a new funding round.
Starling Bank unveils first personal loan products
UK challenger offers unsecured loans through its app.
TSB berated for banking blip
Bank says service went down for 30 minutes. Not all agree.
FCA and CMA demand transparency in banking service quality
Asking banks to publish customer ratings.
Temenos and Luxhub’s API team get first client Fortuna Banque
Luxembourg-based cooperative bank looks at open banking.
Central 1 gives a voice to banking with Alexa
Canada’s first banks to add voice controls.
CSI helps banks open up to APIs
Computer Services Inc’s new product embraces open banking.
Military Bank first in Australia to jump to cloud with Infosys
Bank migrated from Ultradata’s Ultracs core banking system.
Australian neobank Xinja selects SAP Cloud for Banking
Challenger is edging closer to restricted banking licence.
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Top fintech stories this week – 10 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Four de novo banks coming to Carolinas
Three US start-up banks are being launched in North Carolina, with one also powering up in South Carolina.
N26 goes into Spaces for savings
On the heels of Monzo and Starling.
Your Legacy FCU moves to Fiserv core system
Ohio-based credit union moving to Portico core system.
JP Morgan sets up lab for financial inclusion in India
A $9.5m initiative for early-stage firms.
BBVA’s VC fund leads $9m funding round in finserv Steady
New funds will be used to launch additional product lines.
UAE’s Rakbank implements Kamakura’s cash management
The solutions cover balance sheet management and funds transfer pricing.
CYBG chooses The ID Co for first open banking solution launch
DirectID platform integrated into B mobile banking app.
India Post Payments Bank to launch in August
“At least a branch in every district.”
UK challenger bank LQID smoothly starts up
To “bridge the gap” between digital and high street challengers.
Starling Bank unveils Banking-as-a-Platform APIs
Think of Airbnb, Uber and Apple. Also think of solarisBank.
UOB unleashes digital bank for ASEAN mobile advance
United Overseas Bank loves the overseas.
From Zopa to bank with new £44m funding
Zopa is moving from P2P lending to banking and savings.
NatWest and RBS card payments crash
Apparently, they ruined somebody’s holiday?
Banque Palatine launches pre-paid travel card
A mobile app/card combination to withdraw and pay on any currency available.
Albaraka Türk bank targets Europe with insha app launch
Aimed at Turkish citizens and Muslims living on the continent.
Al Baraka Bank Lebanon kicks off core banking revamp
It is a long-standing user of Misys’ (now Finastra) Equation.
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Barclays battered in Current Account Switch Service contest
Latest CASS figures reveal the winners and losers.
Poland’s Horum Bank readies for launch abroad
Seeking a licence from one of the Baltic countries.
Monzo challenges Starling with joint account launch
Starling has had a head start.
VTB Bank in Armenia updates mobile and online services
Only 7% of transactions were made online in the first six months.
TSB’s April IT crash leads to £107m loss
Results in a loss of customers and increased post-migration costs.
UK bank Secure Trust selects nCino for digital lending ops
Bank will use nCino’s system for real estate financing.
Fairstone Financial’s lending on fire with Fiserv
LoanServ will consolidate multiple records to decrease response times.
OCBC Bank turns tellers into digital ambassadors
Wants to upskill its workforce.
Faster Payments issue affects UK banks
Problems for Halifax, Lloyds, Bank of Scotland and Monzo.
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