Monzo’s losses widen due to COVID-19
Bank admits that the pandemic casts “significant doubt” on its ability to continue operations.
BankingTech
LSE considers sale of Borsa Italiana to appease regulators
LSE exploring options to push through $27 billion acquisition.
Bank of England picks Accenture as RTGS renewal partner
Accenture comes out on top of a public procurement process.
Metro Bank signs tech partnership deal with Wipro
Wipro plans a “transformation” on Metro Bank’s testing.
Four lessons we can learn from the biggest financial technology scandals
From Wirecard and Enron to Bernie Madoff and Parmalat.
Video: Top fintech stories this week – 31 July 2020
FinTech Futures’ weekly news round-up.
Uzbekistan’s People’s Bank selects Fusion Risk from Finastra
FinExtra Group and Neoflex to deploy the system locally.
ComplyAdvantage raises $50m in Series C funding
The new capital will be put towards international expansion.
Goldman Sachs signs multi-year deal with Publicis Sapient
The consultancy firm is both a client and partner for new Goldman platform.
HSBC plans to double Black staff in senior positions by 2025
It does not mention what proportion of the bank’s current senior team are Black.
Smart guide: How voice technology can protect your bank
To remain compliant and mitigate risk, voice tech should represent a core component of financial institutions’ regtech stack.
An executive’s guide to real-world AI – lessons from the front lines of business
The real-life stories in this guide, including from Capital One and Discover, demonstrate that AI is within reach of all businesses.
BBVA collaborates with Fujitsu on quantum tech proof of concept
Spanish giant thinks quantum will be key to industry future.
ING partners with genesis to launch Credit Insurance Application
Dutch bank plans to revamp credit and political risk insurance.
Philadelphia’s Asian Bank picks CSI NuPoint
Community bank in the US city aims to boost digital services.
Lessons for my younger self
Careers and lives barely work to plan. Even if you have one.
What the Fintech? Episode 10 | Diversity & inclusion: AI bias
Theodora Lau, founder of Unconventional Ventures provides her take on artificial intelligence.
Thought Machine lands another $42m for Asia-Pacific expansion
It brings the firm’s Series B round to $125 million.
Can behavioural banking drive financial literacy and inclusion?
How are banks prepared to promote financial literacy for millennials and especially Gen Z?
Brazilian challenger Nubank acquires firm behind Clojure and Datomic
Cognitect snapped up by Brazilian neobank.
Degussa Bank up for sale with 2021 deal expected
Frankfurt-based bank could worth up to €400 million.
TBC Bank launches in Uzbekistan with Capital Banking Solutions
Georgian bank expands its horizons with new digital venture.
NatWest deploys Synalogik Scout across multiple brands
NatWest, Royal Bank of Scotland, Ulster Bank, and Coutts are all to use Scout.
Emirates NBD’s challenger Liv moves to ‘super app’ status
The challenger said it had acquired more than 300,000 users.
DBS and Infor partner to offer SMEs digital trade financing
The partnership is one of a line of joint projects between Infor and DBS.
RBC taps Red Hat and Nvidia for new AI private cloud
The Canadian bank aims to run thousands of simulations for “millions of data points.”
Morgan Stanley blocks remote network access for China interns
Its decision to deny remote access to its China-based interns makes it an outlier among its US peers.
Exclusive: Money20/20 Europe sponsors join forces to assess Amsterdam event options
Money20/20 Europe assures the physical event in Amsterdam is safe and ready to go ahead.
Video: Top fintech stories this week – 24 July 2020
FinTech Futures’ weekly news round-up.
ApoBank contracts auditors over ongoing IT transformation issues
Customers of the German bank have had issues connecting to their accounts since June
Quantexa raises $64.7m in Series C funding
The anti-fraud AI firm has raised $90m to date.
BNP Paribas joins IBM Cloud as European anchor client
French banking giant to become leading user of IBM’s cloud tech.
A look inside Barclays’ fintech accelerator Rise
FinTech Futures sits down with Magdalena Kron, who leads Rise London’s team.
Bueno bank aims to target Spanish holiday homeowners
Bueno promises a range of services to manage second homes.
Swift names Nick Kerigan as new head of innovation execution
Kerigan was previously the managing director for Future Payments at Barclaycard.
France’s central bank announces partner list for CBDC experiments
The bank says it will begin work in the “coming days”.
Wells Fargo hires Ather Williams III from Bank of America
Major US bank says its new head of strategy will drive innovation.
Lloyds partners with Form3 to create group-wide payments platform
The UK bank is acquiring an undisclosed minority equity stake in Form3.
American Eagle Financial Credit Union picks Fiserv’s DNA
Connecticut-based credit union picks DNA for “scaleability”.
CCAF, World Bank and World Economic Forum call on industry to take part in COVID-19 fintech study
Working in fintech? Take part in the survey and share your views!
