Mambu raises €110m to hit €1.7bn valuation
Cloud core banking vendor has raised over €150m since launch.
BankingTech
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.
Lock up your innovation department
Perfect the art of incremental business improvements in the cheapest and most efficient ways, before the competition.
Arab Investment Bank picks fresh batch of Temenos solutions
Egypt-based bank adds to existing portfolio of Temenos products.
San Francisco challenger Oxygen raises $17m in Series A
Runa Capital, S7V, EFG Hermes, and Rucker Park, took part in the investment.
UK challenger B-North raises £250,000 and signs deal with Channel 4
Channel 4 signed an advertising-for-equity deal.
Oxbury plans 2021 launch after fresh £15m injection
Challenger bank for farmers receives investment from Duke of Westminster’s estate.
China’s central bank issues Ant Group ultimatum after blocked IPO
The Peoples’ Bank of China wants Ant to overhaul its business or face the consequences.
2020 in review: Top core banking stories
We run down the most interesting core banking stories from this year.
Independent broker-dealers: keep reps and build on fund-family partnerships
Let’s get the lay of the land with a quick industry-evolution review and where it’s left IBDs.
2020 review: 10 largest regulatory fines this year
The fines kept flowing even in a year as turbulent as 2020.
10x Future Technologies eyes $100m in Series C round
Its founder has hired financial advisory group, Lazard, to oversee its funding round in 2021.
Barbados to implement real-time banking
The government has been working with the credit union movement to move things along.
2020 review: 10 largest bank job cuts this year
This year has seen several job cut announcements.
Denmark to join Eurosystem’s Target2 payment platform
T2 would then include the Danish krone by November 2025.
FCA makes major changes following LCF and Connaught review
Firms that have not used their regulatory permissions for the last 12 months are at risk of having it revoked.
Banks and bad actors: the race to digitally adapt
Financial services are far from reaching a “new normal”.
2020 review: Top 10 fintech and bank M&A deals
Despite COVID-19, the financial sector has still enjoyed some notable M&A deals.
Modernising through legacy tech: powering the next wave of fintech innovation
It’s clear that mainframes are the ideal solution for fintech enterprises.
Central State Bank goes live on Finastra’s Fusion Phoenix core
Fusion Phoenix is a modern core, built entirely on Microsoft technology.
2020 review: Top five cyberattacks this year
Cybercriminals haven’t stopped their activities in 2020.
Combination of weaknesses led to massive data breach at Desjardins
The incident compromised the data of nearly 9.7 million Canadians.
2020 – A shock to the system for the banking industry
Fintech Futures talks to James Buckley, vice president and Europe director for Infosys Finacle.
EXCLUSIVE: Neobank First Boulevard launching next year to target Black America
CEO and founder, Donald Hawkins, tells FinTech Futures about the process of the name change.
FCA fines Barclays £26m over poor treatment of customers in financial difficulty
Barclays did not dispute the FCA’s findings and agreed to settle the case.
What the Fintech? Episode 18 | Year in review
We relay our industry highlights of 2020.
Paytech firm Ondot acquired by US banking tech giant Fiserv
Fiserv says the Ondot takeover will help it provide a “unified digital experience” to customers.
How banks are tackling the “Frankenstein” workaround
The future of banking lies in a modular approach,” says Fineco.
Swift calls for collaboration to help build the future of global transactions
Swift’s ambitious new strategy to reinvent global financial transactions.
Aussie neobank Xinja crumbles under unfeasible interest rates
The neobank landed a full banking licence last year.
Mexican challenger albo raises $45m in Series B funding round
Albo has now raised just over $72 million across five rounds.
The music of embedded finance
Embedded finance is all about making the admin of life seamless, low-friction and invisible.
