How to optimise your digital account opening process
If banks want to start 2021 on the right foot, they can start with these five steps.
BankingTech
Video: Top fintech stories this week – 05 February 2021
FinTech Futures’ weekly news round-up.
Fintech funding round-up: UiPath, Narmi, Balance, GajiGesa, and more
The start of February has seen a whole host of funding rounds around the world.
SumUp acquires Lithuanian core banking firm Paysolut
SumUp continues its acquisitive spree, buying its fourth firm since 2018.
Sync. signs deal with Railsbank to power premium accounts
The smart banking app is looking to expand following a 2020 launch.
Mastercard nabs UK market share with NatWest debit deal
Card issuer will now account for one in three debit cards in the UK.
Santander’s profits down 35%, but Botín bets on vaccine for 2021
“Vaccination is the most important economic policy for 2021,” says Botín.
Reinvention: the lessons banks can learn from Bowie and Madonna
Madonna or Bowie consistently reinvented themselves to adapt to change and stay relevant.
First Horizon Bank picks Finxact’s cloud-based core
First Horizon to deploy Finxact in its subsidiary brand VirtualBank
Rabobank in Brazil in banking tech revamp with Oracle
Banco Rabobank International Brasil embarks on a major front-to-back office overhaul with Oracle’s tech.
Société Générale revamps private banking in Europe with Azqore
SocGen’s Luxembourg, Monaco, and Swiss locations switching up their tech.
Nymbus expands leadership team with new hires
Sarah Howell joins as chief alliance officer, while Larry McClanahan is chief product officer.
Video: Remote onboarding – how banks are evolving and changing the game
Featuring Jumio’s Dean Nicolls, Fintrail’s Robert Evans, and banking consultant Neil O’Brien.
Revolut sets sights on India with remittance service
The firm is in talks with the Reserve Bank of India, local banks and fintech start-ups.
NymCard raises $7.6m for Banking-as-a-Service in MENA
The Series A funding round brings NymCard’s total investment to $12 million to date.
ING rolls out integrated retail cashback service DealWise in Germany
The bank originally planned to launch the integration last year.
Oxbury Bank goes live on Naqoda core banking system
The two have worked together since Oxbury’s inception
UK fintechs Token and Tradeteq get investment
$15m for open banking payments platform Token and $9.4m for trade finance tech specialist Tradeteq.
Absa launches digital bank Spot Money in South Africa
The open banking platform integrates with various bank and payment services.
Fintech funding deals globally 25-31 January 2021
Featuring Robinhood, Nubank, Melio Payments, Albert and Rhino.
The one big thing missing from modern digital banking
Rethinking the data layer is a key to genuine personalisation in fintech.
HSBC, Microsoft, and Santander back Included VC’s diversity fellowship
The fellowship’s latest 48-person-strong cohort is 18 more than last year.
Dozens signs banking deal with ClearBank
ClearBank to provide account numbers, sort codes, and Faster Payments access.
FCA calls on banks to reconsider branch closures during pandemic
HSBC announced the closure of 82 branches in January.
Video: Top fintech stories this week – 29 January 2021
FinTech Futures’ weekly news round-up.
Hesta selects SimCorp Dimension to power new portfolio strategy
Australian superannuation firm brings investments in-house.
VTB deputy chairman discloses exasperation over Yandex, Sber and Tinkoff competition
In 2020, VTB launched a total of 1,280 software development teams.
Craft Bank picks Jack Henry’s SilverLake after 2020 launch
Atlanta-based de novo bank deploys SilverLake in the cloud.
Founder-focused start-up Remagine nabs €20m in seed investment
Berlin-based firm aims to help “impactful” businesses with a range of products.
Black-owned US challenger Greenwood Financial hits 500,000 sign-ups in 100 days
“We see that there is definitely an appetite for what we’re doing,” says co-founder, Ryan Glover.
UK’s Crown Agents Bank bags Finablr’s Bhairav Trivedi as next CEO
Crown Agents Bank is a small, profitable, UK-regulated bank.
Why the financial industry needs Redis Enterprise
Use cases in risk modelling, apps for banking and brokerage, and solutions for buy-side institutions.
What the Fintech? | S.2 Episode 2 | Back office processing for real-time payments
Featuring special guest Jack Baldwin, CEO at financial software provider BHMI, and everyone’s favourite Fintech Jail.
Brexit forces interest-rate derivatives trading shift to US
A permanent shift to New York would be particularly damaging for London.
Waqfinity launches in UK to provide “impact focused” Islamic finance
Former Rizq founder sets up new Islamic wallet app.
ECB launches climate change unit
The central bank has previously been criticised over its bond purchasing.
Working amid COVID-19: why the cloud is the silver lining
How COVID-19 has accelerated the transition to the cloud.
FinTech Futures Jobs: five awesome fintech companies founded by women
Featuring Aya Payments, Modularbank, First Boulevard, GoHenry, and Alinea Invest.
Chris Brummer in line for CFTC chairman role as Tarbert steps down
President Biden’s reshuffle of regulatory top jobs continues.
Minna Technologies raises €15.5m in Series B funding round
Minna says the investment will be used for global expansion, “with requests from all continents”.
