Why retail banks will disappear
There will be three types of retail bank in the future: pipes, stacks and hubs.
Retail Banking
Bacs and Faster Payments transferred to New Payment System Operator
Bacs and Faster Payments process a combined £6.3 trillion worth of payments annually.
Erste Bank Hungary in paytech revamp with ACI Worldwide
Erste Bank Hungary (EBH) implements ACI Worldwide’s UP paytech suite.
Top fintech stories this week – 27 April 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
RBS to launch “beta” of new digital bank in Q3
RBS is building a new digital-only bank.
Customers Bank moves to FIS’s IBS core banking system
US bank was previously using Fiserv’s DNA platform.
China Construction Bank opens robot-run branch
No human staff to be seen in this robotic dream.
Emirates NBD goes blockchain for its “Cheque Chain”
Integrates blockchain technology into bank-issued cheques.
U Account unveils cash pay-in for current account customers
50,000 customers feeling fine with sublime cash pay-in time.
Metro Bank sets its Insights on Personetics’ AI
Will be used for money management through bank’s mobile app.
Town Square Bank in core banking tech revamp with Jack Henry
The Silverlake core banking system will support retail and commercial banking operations at Town Square Bank.
Farmers & Merchants Savings Bank moves to Fiserv core system
Iowa-based bank will implement Premier core platform.
Santander and Ripple unveil blockchain-based consumer payments
Santander One Pay FX is now available.
Telia Finance turns to Temenos T24 for digital banking revamp
All digitally new in the Nordics and Baltics.
PayTech Awards 2018: The Paytech for Good Award
Honouring organisations for outstanding social impact.
Danske Bank selects start-up Minna for PFM partnership
PFM solution will be integrated into mobile banking app.
Oracle FSS unleashes 1,500 APIs for banking and payments
A new packaged solution for payments, retail and corporate banking.
AT&T powers Citizens Bank’s digital branch revamp
It is providing tech solutions for more than 1,100 US branches.
Deutsche Bank Spain turns to FinReach for digital account switching
Who dares wins with SaaS.
HSBC spends $2.3bn on AI and digital innovation
Hey big spender, spend a little time with me.
State Bank of India keeps faith with UK
Despite Brexit “uncertainty” it has launched its UK subsidiary.
CBA contrite over banking not going right
Systems now OK for Commonwealth Bank of Australia.
Brazilian challenger Nubank bags $150m funding
Taking on the big banks and making inroads in the credit card space.
None better than non-clients for Citi mobile app
It’s an open house as non-Citi clients can connect their accounts to app.
PayTech Awards 2018: recognising successful individuals and teams
Celebrating people that make things happen!
Banco BNI Europa unveils account opening via videoconference
Portuguese bank brings verve and vivacity to video world.
PSR turns focus to consumer protection and ATM survival
UK’s Payment Systems Regulator reveals its ambitions in annual plan for 2018/19.
Third of UK customers ready to trust tech firms with bank account
Customers happy to sign over access to their financial data to “trusted” tech companies.
Nesta offers £2.5m prize fund for fintech start-ups
Applications are open for next phase of its “Open Up Challenge”.
Banking systems go down at South Africa’s Standard Bank
Bank reported problems with its self-service channels.
Virgin Money’s digital bank edges to beta testing
Beta testing expected in the second half of this year.
BB&T banking systems go down
North Carolina-based organisation’s ATMs and digital operations affected.
OCBC Bank first in Singapore to launch voice-powered banking
“Hey Siri, what’s my balance?”
NatWest in AI driven “digital human” test
In advanced testing stage of a new AI prototype called Cora.
First Direct yearns to be markteplace king with artha pilot
Artha pilot using technology from UK-based web and mobile app Bud.
Lloyds preps for PSD2 with £3bn digital investment
Three-year strategy to bolster its digital capabilities – job cuts are included.
HSBC online and mobile banking goes down
UK not OK… as usual. Out for the count for a few hours.
Wirecard brings digital touch to ReiseBank’s bankomo app
Expanding collaboration by enabling users to top up smartphone account without minimum purchase requirement.
UK money platform Nudgg pushes to launch
Allows customers to view all financial accounts in one place and make direct comparisons.
Mashreq Bank harnesses Blue Prism digital workforce
Blue Prism integrates AI and automates dozens of processes across various business functions.
