Mauritius Commercial Bank launches SME app powered by Backbase
Juicepro has seen 1,000 registered users in a month.
BankingTech
Barclays snaps up JP Morgan’s head of ECM Europe
Esteve has been a managing director at JP Morgan’s ECM for the last 18 years.
India’s ICICI Bank uses satellite data for farmers’ credit assessments
The bank wants to scale up the service to 63,000 villages.
Nasdaq proposes IPO alternative to raise funds
Nasdaq’s proposal to the SEC pushes for alternative routes to the public markets.
Co-operative Bank plans 350 job cuts, 18 branch closures
The UK bank reacts to an increasingly online demand.
OakNorth Bank appoints Rajesh Gupta as new CFO
Current CFO Ochoa steps down to move closer to family.
Lunar picks Nordic API Gateway to enable account aggregation
Danish challenger bank claims to be pioneer with new service.
Belgium investigates Credit Suisse over hidden accounts
It follows allegations that the bank helped 2,650 Belgians hide their accounts from tax authorities.
What the Fintech? Episode 12 | Transformers: more than meets the AI
Matt Sattler, head of HSBC’s innovation labs, reveals what it takes to secure a deal with the bank.
Wells Fargo resumes job cuts after pandemic break
Layoffs, branch closures and cuts to third-party spending are on the table.
JP Morgan to launch digital lender in UK early next year
The new cloud-based venture will sit under the Chase brand.
UK watchdog green lights $5.3bn Visa-Plaid deal
CMA finds no competition issues with Visa’s mega-deal.
Standard Chartered hires new global head of technology
Cat Rüst joins the bank from an executive role at UBS.
Atom Bank plans £150m shareholder funding round
UK challenger bank aims for largest shareholder round to date.
Westpac sells vendor finance arm to Cerberus subsidiary for $430m
The acquisition was sealed on 20 August.
White paper: Data integrity in an uncertain world – how to achieve operational resilience
How automating your data management processes can help reduce costs and eliminate the potential for human error.
TD Bank pays $122m for obscuring overdraft penalties
US bank charged by CFPB for anti-consumer practice.
Pi1 signs card issuance partnership with Marqeta and TagNitecrest
Pi1 extends banking offering with new deal.
Goldman Sachs & Barclays among bidders for GM’s credit card business
GM’s credit card business has about $3 billion in outstanding balances.
Scotiabank pays over $127m for commodities price manipulation
It also faced charges of compliance and supervision failures.
Wildfire Credit Union picks Backbase tech
The Michigan-based firm plans to boost its digital footprint.
Railsbank frontrunner to purchase Wirecard Card Solutions
London-based firm puts its hat in the ring to acquire ailing firm.
Triodos Bank signs ATM outsourcing contract with Cardtronics
The bank’s Spanish ATMs to be managed by the tech firm.
Embedded finance: a game-changing opportunity for incumbents
Embedded finance offers a new, very large addressable market opportunity worth over $7 trillion in ten years’ time.
Indian watchdog rejects WhatsApp Pay antitrust complaint
The Competition Commission of India dismisses complaint about new market entrant.
London to maintain grip on EU clearing post Brexit
COVID-19 thwarts Frankfurt’s plans to grab clearing business from Britain.
Manzil launches Halal Visa card in partnership with Koho
Canadian firms partner up to debut new card.
Silicon Valley Bank looks to hire 80 people in UK office
The bank has hired 30 staff in the first half of the year.
Banks need a single brain
Every bank needs a single brain to anticipate the needs, wants and quirks of every customer.
FIS debuts subscription-based core banking for US community banks
The US vendor aims to supply community banks with bundled software.
British Business Bank extends CBILS deadline
Firms have two months to consider the cases, making the final approval on 30 November.
National Savings Bank picks ACI Worldwide risk technology
Sri Lankan bank opts to extend partnership with ACI.
Bankia becomes Avaloq’s first Spanish banking client
The Spanish firm has picked an on-premises deployment of Avaloq tech.
Pyramid Federal Credit Union signs for Clear Core data solution
Clear Core’s alpha partnership with Pyramid enables “quick” features.
Former UK chancellor Sajid Javid returns to JP Morgan
His role at the bank will be “strictly ring-fenced” from his political position.
White paper: Enhancing trust with AI-driven biometrics
Learn how to improve every aspect of the identity lifecycle with intelligent ID.
The revolution will be regulated
When it comes to digital adoption, the regulator has been the biggest driver of change in the more mature markets.
Form3 gains investment from major UK banks
Payments firm raises $33 million and welcomes Lloyds and Nationwide as shareholders.
N26 loses chief product officer Georgina Smallwood
Smallwood departs N26 to join a Berlin scooter firm.
Kenyan loans via mobile phones drop 50%, says KCB
Defaults have more than tripled, according to KCB’s CEO.
