Video: Top fintech stories this week – 06 November 2020
FinTech Futures’ weekly news round-up.
BankingTech
Breaking down banks
Any one of these layers may have its own technical architecture or even be a separate business.
Webinar: Top use cases for risk analytics in banking
Actionable insights and tested approaches to fighting account takeover fraud and mobile channel attacks.
ING pumps brakes on digital banking plans, plans 1,000 job cuts
Dutch bank forced to pull back on widespread CX changes after €140m already spent.
Lloyds plans 1,040 job cuts to back office support staff
The figure brings Lloyds’s total cuts to 1,900 this year.
UMassFive College Federal Credit Union goes live on Fiserv’s DNA
Fiserv EVP praises the credit union’s “commitment, dedication and efforts”.
Barclays gets 198 applications for Black founder tech accelerator
“I recognised there was more that we could do, and my employer completely backed me.”
2020 has revealed the ATM’s untapped value
Service is the key to maximising the ATM value for the future.
Research report: Post-trade operations realities – challenges and priorities for 2021
Learn how you can re-evaluate your current operational set-up with a view to dealing with continued market volatility.
UK banks and challengers ranked: from on-boarding to app functionality
We use an analytics platform to figure out which UK banks are giving their customers the best service.
FinTech Futures Jobs: five jobs you can apply for right now at these fintechs in Europe
Featuring vacancies at Cleo, Monzo, OakNorth, and more!
Credit Suisse’s Canadian arm goes live with London fintech Torstone
“The opportunity to reduce our total cost of ownership was a key driver,” says bank.
Santander launches money manager with Tel Aviv fintech Personetics
Santander claims its UK app has 4 million monthly active users at present.
Nordic Capital acquires RegTech from BearingPoint
Private equity group plans to boost RegTech’s international footprint.
Oracle gains new Flexcube deals in Middle East and Africa
Technology vendor signs a selection of new clients.
Oracle wins first client in Guatemala with Banrural
Banrural has selected a host of Oracle systems and platforms.
You are not everybody
With remote working, productivity may be up. But what about creativity and serendipity?
Allica CPO says incumbents and fintechs still neglect some SMEs
“The decline of branches is synonymous with decline of relationship banking,” says CPO.
Australia’s central bank announces CBDC project with ConsenSys
The bank is looking at a CBDC for “wholesale market participants”.
FinTech Wales appoints IBM vet Sarah Williams-Gardener as CEO
Williams-Gardener is also a founding member of Starling Bank.
Pinnacle Bank picks Teslar Software to power commercial lending
Pinnacle Bancorp is a $14.5 billion financial holding company based in seven US states.
What the Fintech? Episode 15 | Authentication station
What typing authentication is all about.
Egypt’s AAIB finally goes live with Temenos after five years
AAIB signed the deal with both Temenos and IBM back in 2015.
ASX delays CHESS replacement to April 2023
This is the third delay to ASX’s blockchain-based CHESS replacement system.
FCA joins cross-border fintech testing initiative
The UK regulator is one of 23 regulators taking part in the project.
UBS launches fintech investment portfolio UBS Next with $200m to burn
UBS’s new venture is aiming to invest across the fintech ecosystem.
Jamaica National Bank announces full UK launch
The bank has had a representative office in London since 1988.
US challenger Bella plans launch around conversational banking
Bella offers a range of consumer-friendly options, including gifts and randomised cashback.
Yolt to launch Mastercard debit card through PPS partnership
Money management app takes a deeper step into the payments sphere.
Engage, empower and advance: Black voices in venture capital
Co-founder of BLCK VC and Storm Ventures associate, Frederik Groce, is on a mission.
Sustainable banking app Novus launches website and waiting list
The new app promises to help users lead a better lifestyle.
New US challenger Flyp targets excluded communities
The neobank aims to provide the same service as big banks without the fees.
Calastone acquired by US private equity firm Carlyle Group
Financial details of the agreement have not been disclosed.
Capital requirements can impede innovation, says panel
One member of the panel thinks the FCA should look into its capital requirements.
A banker goes a-banking, volume 7: why can’t we be friends?
What 15 years of digitisation & modernisation have gotten us from the consumer’s point of view? It’s not looking great.
HSBC could start charging for “basic banking services”
It reported a 35% fall in pre-tax profit during the third quarter of the year.
Meezan Bank picks BPC’s SmartVista to revamp payments
Meezan is deploying SmartVista for payment authorisation, card management, and more.
Neobank Vybe plans 300,000 new customers in UK and France
Vybe’s CEO claims the challenger already has 950,000 people signed up and ready.
Money management fintech Yatta emerges in Dublin
Yatta promises to help users navigate the “complexities” of financial decision making.
How banks can be supported to achieve full open banking adoption
Choosing a partner to move forward with can be difficult.
