Santander spins out Innoventures successor Mouro Capital with $400m
The bank has doubled its investment into its VC arm.
BankingTech
E-book: Financial services – the smarter way to workflow
Future-proof your financial services institution in an era of rapid transformation.
IDC Snapshot: Improving operational excellence and customer experience in retail banking
Organisations that have a common business and technology roadmap have had more success than those with separate plans.
Video: Top fintech stories this week – 11 September 2020
FinTech Futures’ weekly news round-up.
Mawer Investment Management picks SimCorp Dimension
The Canadian firm plans a front-to-back revamp.
Citi appoints Jane Fraser as new CEO
Fraser will be the first woman to lead a bulge bracket bank.
White paper: Addressing financial services technology challenges during growth
How to realise the full potential of IT integration: get your systems in order, be diligent about due diligence, and prepare for post-merger.
NAB and CommBank race to launch no-interest credit cards
The Australian banks are reacting to the proliferation of buy now, pay later firms.
JP Morgan fires staff for COVID-19 relief funds fraud
The largest bank in US clamps down on suspicious staff activity.
White paper: how millennials & gen Z can power growth for financial institutions
Millennials (25-39 years old) and adult Gen Z-ers (18-24) represent over $3 trillion in spend.
IDC Snapshot: Establishing operational resilience to achieve customer excellence
The ability to simplify & streamline tech supporting important business services, leading to better customer outcomes.
FIS claims early cloud investment prevented COVID-19 disruption
A number of US banks suffered downtime in April due to COVID-19 stimulus cheques.
State Bank of India boosts ATM and POS infrastructure with ACI Worldwide
The two companies have a longstanding partnership on payments.
TPBank revamps back office technology with Backbase
Vietnamese bank launches new products in nine months.
GAO urges FDIC to stop examiners fishing for bank jobs
Congress’s investigative branch calls on bank regulator to do more.
Buffet sells another $2.5bn in Wells Fargo shares
The 136 million shares Berkshire owns are worth less than $3.3bn.
Metro Bank unveils new “15 minute onboarding” for SMEs
The bank’s new online journey auto-populates business data.
Regulators’ “fast and furious” AML fines don’t tell the whole compliance story
FinTech Futures speaks to Fenergo’s Rachel Woolley about the rise in penalties.
HMRC reveals £3.5bn in furlough payments sent in error
Around 5-10% of the scheme’s payouts have been made in error, says government body.
US Department of Justice mulls changes to bank merger legislation
Any amendments would be the first for 25 years.
UK Finance scheme stops £19m of fraud in 2020
The Banking Protocol teams up police and bank staff to stop fraudsters in branches.
Chile’s BancoEstado falls victim to ransomware attack
The hackers are believed to be criminal cybergang REvil.
Banking Technology September 2020 issue out now
Tipping point: Google vs Oracle showdown.
Cloud: the new frontier in banking
Demystifying the move to the cloud is the first step to becoming more agile.
Starling Bank announces account and CHAPS payment charges
The UK challenger announces new structure days after rival Monzo.
HKEX appoints Credit Suisse’s Richard Wise as new CRO
Wise steps in to replace John Killian, who retires from the role.
Ohpen acquires cross-border mortgage vendor Davinci
Dutch technology firm plans international expansion with new suite of products.
To win the battle of banking, you need a digital war room
Here, banks can get visibility into every single process in their business as they actually behave.
What the Fintech? Episode 13 | Commerce in the wake of COVID-19
Travis Skelly tells FinTech Futures all about how Citi Ventures evaluates ecommerce companies.
First Direct nabs new CEO from HSBC
Pitt comes with nearly 11 years banking experience.
Spanish lenders CaixaBank and Bankia mull €17bn merger
CaixaBank is about three times the size of Bankia.
Tandem Bank sunsets credit cards, plans core restructure
Tandem’s Cashback Credit Card will shut down in February 2021.
Crealogix signs customer portal deal with German development banks
Due to go live in 2021 with support through to 2031.
Video: Top fintech stories this week – 04 September 2020
FinTech Futures’ weekly news round-up.
OakNorth appoints Raj Cherabuddi as VP of engineering
Former Teradata man to lead development of OakNorth’s credit platform.
Banco del Sol goes live with Temenos Transact at the core
The Argentine challenger is aiming for SMEs in the near future.
EXCLUSIVE: Bank Alfalah selects Oracle Flexcube for corporate banking
Oracle’s system to run alongside Temenos T24 for retail.
The time for reskilling is now: how to go about it in a post-pandemic world
We have just six months to prepare for the new work environment – let’s be strategic about our upskilling options.
Report: The total economic impact of Appway Onboarding for wealth management
Increased revenues and improved efficiency for internationally operating wealth management firms and private banks.
Sterling National Bank picks Cashfac for back office tech
The bank is deploying Cashfac’s VBT system in the cloud.
