Goldman Sachs & Barclays among bidders for GM’s credit card business
GM’s credit card business has about $3 billion in outstanding balances.
BankingTech
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.
Live webinar: The role of digital identity in a physically distanced world
Novel approaches to digital identity verification to securely onboard and engage with consumers – and at a distance.
EU warns City of longer wait for market access post-Brexit
The delay is because of the bloc’s own regulations which are also in flux.
Wells Fargo compliance chief Mike Roemer steps down
The major US bank is undergoing a risk restructure.
MUFG Union Bank appoints Devon Bryan as new CISO
Bryan arrives at the bank from a CISO role at KPMG.
Bank of Lithuania calls for parity in EU digitalisation
Lithuanian central bank wants a more unified approach to innovation in the EU.
Commerzbank closes 200 branches
Commerzbank’s group profit fell by a fifth to €220 million in the second quarter.
What every employer needs to know about employees returning to the workplace
Advice on the measures employers should take when re-opening their workplace amid COVID-19.
Buyer’s guide to modern web-scale backup & recovery
Providing guidance and assistance for IT professionals looking to re-evaluate their current data protection practices.
Linn-Co Federal Credit Union goes live on Episys core system
Credit union completes core switch despite COVID-19.
MUFG taps AxiomSL for reporting automation
AxiomSL’s Global Shareholding Disclosures will be deployed on the cloud.
Standard Chartered and Airtel Africa sign financial inclusion partnership
The two firms plan to boost services in “key” African markets.
Nationwide Building Society deploys Mortgage Brain’s Lendex
The system allows advisors to submit a mortgage application through the back office.
NatWest creates new COO role for its personal bank division
The appointment comes as the bank makes around 550 employees redundant.
ABN Amro winds down savings arm of Moneyou
Moneyou has around 500,000 clients spread across the Netherlands and Germany.
Bond issuance is ballooning
But the process of issuing bonds is unbelievably slow and largely manual.
Video: Top fintech stories this week – 14 August 2020
FinTech Futures’ weekly news round-up.
Sombank picks Temenos Islamic banking systems
The new bank on the block plans to aid financial inclusion in Somalia.
SimCorp puts Dimension on the cloud with Microsoft Azure
Investment systems vendor signs public cloud deal with Microsoft.
