Konsentus acquires Open Banking Europe initiative from EBA Clearing subsidiary
Open Banking Europe (OBE) will remain a separate operating entity.
BankingTech
Lessons from The Boring Company
Perfecting the art of boring requires some rare skills.
Fintech funding deals globally 11-17 January 2021
Featuring Checkout.com, MX, Blend, Creditas, and Enfusion.
US banks must lose “legacy anchor” to meet customer needs in 2021
The banking landscape in North America is undergoing a fundamental shift.
Temenos shakes up executive team with changes at the top
Promotions and hires for the Swiss banking vendor.
CME Group and IHS Markit create post trade joint venture
A handful of CME’s systems will combine with IHS’ MarkitServ.
Understanding the three key trends in SME banking for 2021
The pandemic has accelerated digital transformation in banks’ lending platforms.
Video: Top fintech stories this week – 15 January 2021
FinTech Futures’ weekly news round-up.
Italy’s BNL goes live on Tink open banking service
The implementation is part of an extended deal with BNP Paribas.
The Cambridge Building Society migrates to Azure cloud with DPR
DPR provides its mortgages and savings platform on the cloud for the society.
Digital lender Blend raises $300m in Series G funding round
Lending firm plans to expand team and grow its products with the substantial raise.
Dubai-based Bankiom promises “new way” to manage money
Banking app promises fast account setup and loan processing.
Irish banks plan payments rival to take on fintech entrants
AIB, Bank of Ireland, TSB, and KBC pull together to battle fintechs like Revolut.
DXC sells Fixnetix trading system to Options Technology
Options looks to expand its product suite.
Canadian challenger Koho appoints new CTO
Jonathan Klein joins the neobank from Wayfair.
Temenos wins Transact deal with Czechzia’s Komerční banka
The bank is aiming to launch products to the market faster.
FLEX moves 13 US credit unions to its core tech in 2020
Another 12 credit unions are scheduled to go live with FLEX’s core processing tech in 2021.
IHS Markit acquires compliance firm Cappitech after year-long partnership
Cappitech had provided its platform for Markit’s SFTR system.
ECB hires Claudia Plattner as new IT director
Plattner is CIO for Deutsche Bahn’s IT provider.
Revolut applies for UK banking licence to boost primary account numbers
Fintech unicorn seeks to transition to full bank in the UK.
HSBC’s Hang Seng Bank to appoint first female chairman Irene Lee
In the short-term, Lee’s focus is on putting Hong Kong’s economy “back on the road to recovery”.
Fintech funding deals globally 4-10 January 2021
Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.
EXCLUSIVE: Oracle wins Flexcube deal with Somalia entrant BB Bank
Upcoming Islamic bank picks Oracle FS to furnish its core operations.
UK Treasury calls for input on planned regulation of cryptoassets and stablecoins
UK’s finance ministry says “the landscape has changed” in a short time.
India’s Udaan lands $280m in Series D funding
B2B payments firm reaches total funding of $1.2 billion.
India plans new bank to support $1.5trn infrastructure revamp
Prime minister Modi is expected to announce the news next month.
How FIs can reduce friction and drive value in the payments system
FIs can help clients proactively identify and respond to potential problems.
Video: Top fintech stories this week – 08 January 2021
FinTech Futures’ weekly news round-up.
Central Bank of Ireland urges firms to contact UK banks over Brexit
Creditors with direct debits in place for UK customers may need to provide their bank with additional info.
Mambu raises €110m to hit €1.7bn valuation
Cloud core banking vendor has raised over €150m since launch.
Lloyds & Santander among major banks struggling with online security
Lloyds and Santander also fell behind NatWest, Nationwide, Metro Bank, and Virgin Money.
Standard Chartered goes live on Cobalt brokerage platform
Major bank signed up to Cobalt’s network last year.
CODE Credit Union implements Symitar’s Episys with MDT
The conversion occurred entirely virtually.
Webinar: Deep dive on ServiceNow’s purpose built product for finserv operations
How to improve customer and employee experiences. Featuring a demo of The Now Platform from ServiceNow.
Mizuho Americas deploys Fenergo tech for automated client onboarding
Mizuho plans a global rollout of Fenergo systems afterwards.
African-American-owned Citizens Bank selects CSI for core banking
NuPoint is a fully integrated core banking solution.
Orange Bank acquires challenger Anytime to expand SME focus
Anytime to fall under the Orange brand as it looks to scale up for businesses.
TagPay to boost its systems with €25m investment from Long Arc Capital
New York-based private equity firm takes majority stake in core banking vendor.
JP Morgan in talks with China Merchants Bank over another wealthtech venture
JP Morgan already holds a majority stake in a Chinese venture.
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