You are not everybody
With remote working, productivity may be up. But what about creativity and serendipity?
BankingTech
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.
Monte dei Paschi ex-boss and former chairman sentenced to jail
The three former execs were ordered to pay damages claimed by some of the bank’s savers.
Cashfac: Fully automate your escrow accounts solution
Driving customer satisfaction through your escrow accounts solution.
HSBC to cut up to 300 jobs in UK commercial banking unit
The cuts are part of a wider restructuring announced in February.
BBVA debuts “dynamic CVV” numberless card Aqua
It features a dynamic CVV code in order to provide security for online payments.
Major Indian IT firm TCS in talks to buy Deutsche’s Postbank tech unit
Postbank Systems provides IT services to Postbank, which Deutsche bought back in 2010.
Video: Top fintech stories this week – 23 October 2020
FinTech Futures’ weekly news round-up.
FCA and PRA fine Goldman Sachs £96.6m for 1MDB scandal
The investigation found that GSI breached a number of FCA and PRA principles and rules.
FAB transfers legacy banking licence to ADQ
A number of legacy banks in Dubai have launched digital-only services this year.
Unifimoney signs cross-border payments deal with Nium
The US neobank promises an “enhanced outbound money experience”.
Woman-owned de novo Agility Bank gains regulatory green light in Texas
Agility Bank aims to raise $30 million prior to launch in 2021.
FinTech Futures Jobs: six skills that can get you hired in fintech
The global market is predicted to grow at a rate of 25% annually – plenty of opportunities for job seekers!
First Women’s Bank picks Fiserv to underpin 2021 launch
The US neobank will operate out of Chicago to challenge small business lending in the US.
Unqork signs Life.io partnership weeks after $207m Series C
Life.io will build its customer engagement apps on Unqork tech.
Game over, insert coin
We are trying to pay lip service to wholesale dramatic change but get away with cosmetic modifications.
Commercial Bank of Dubai serves ‘low-income’ customers with Now Money
“[We’re offering a] much more advanced and cost-effective alternative”.
Hong Kong challenger WeLab Bank goes live on Temenos Transact
The neobank launched a few months ago.
