Emrys La Carte picks FSS Technologies for card issuance
French cooperative to replace paper-based system.
BankingTech
LSE-Refinitiv merger under competition spotlight from EC investigators
The European watchdog has concerns about the $27bn merger.
Liquidity risk COVID-19: big vs small data
Banks must be prepared to perform deep due diligence on their credit lines and loan books.
Intesa Sanpaolo pushes for UBI Banca acquisition
The verdict next month will reveal if the acquisition can go ahead.
Bank of England apologises for role of former governors linked to slave trade
British taxpayers have been paying off slave owners from 1833 to 2015.
Thought Machine taps Cognizant for new managing director
Mark Vasey joins core banking company from consulting firm.
Lucy Hagues steps in as Capital One UK CEO
Hagues takes over from Amy Lenander, who heads stateside.
Mambu inks partnership with Google Cloud
Technology firm will host its platform on Google infrastructure.
Diebold Nixdorf extends transformation project with Accenture
DN aims to “unlock” more than $50 million by 2023.
ING names Steven van Rijswijk as new CEO
The Dutch bank finds its replacement for Ralph Hamers.
Postbank replaces 12m cards after employees steal master key
The employees stole the bank’s master key back in December 2018.
Khan Bank moves to Apache Cassandra with DataStax
The Mongolia-based bank has partnered with DataStax to improve its digital banking technology.
HKEX announces sustainable finance exchange Stage
Hong Kong exchange plans to educate stakeholders on the benefits of ESG.
Video: Top fintech stories this week – 19 June 2020
FinTech Futures’ weekly news round-up.
Community Financial Credit Union picks Orpheus from Access Softek
Michigan-based credit union extends seven-year deal with tech firm.
CFTC fines Deutsche Bank $10m for swaps failure & trade spoofing
Banking giant caught out by US regulator.
Bank of England adds another £100bn to combat COVID-19 economic crisis
Sterling sank against the dollar and euro on Thursday, falling more than 1% following the announcement.
FCA permanently bans marketing of mini bonds
The FCA will extend it to other speculative investments that are hard to trade.
Vermiculus launches trading and clearing systems tech
The Swedish company has also appointed Taraneh Derayati as its chief executive officer.
OCBC to hire 3,000 this year in full-time, traineeship positions
About 2,100 of the jobs are full-time roles across the bank’s entities.
Commerzbank fined £37.8m by FCA for AML failings
The London branch of the bank dragged up for issues between 2012 and 2017.
Partnering is a solution to the regulatory “new normal”
FinTech Futures speaks to James Buckley, vice-president and Europe director for Infosys Finacle.
Banking is moving to a dual core
I’m not saying that digital transformation is just a case of implementing a DBP.
Credit Sesame acquires Canadian challenger Stack for international expansion
The US loans company is absorbing all Stack employees.
Caixa Geral de Depósitos plans treasury revamp with Finastra
Portuguese lender picks a handful of Finastra systems.
Friends in low places
If you want something done in a bank you don’t need friends in high places. You need friends in low places.
Five steps that will change reconciliation forever
What does the future of reconciliation look like?
Report: Ten trends in reshaping banking in 2020
Business model, agile organisation, ubiquitous automation, technology modernisation, and culture and workforce transformation.
UniCredit teams with fintech Taulia to boost trade finance capacity
The fintech will allow the bank to serve more clients in and outside of Europe.
Société Générale launches new Banxup account for teens
The bank has also overhauled its app for adults.
SAFE Federal Credit Union goes live on Symitar core
The $1.1bn credit union completed two-year migration.
Icelandic challenger bank indó selects Enfuce
The challenger is gearing up for a launch later this year.
Philippines challenger Tonik raises $21m ahead of 2020 launch
The bank has raised $27m since being founded in 2018.
JP Morgan Chase helps NHS digitise its pre-employment programme
The bank aims to help the NHS put 500 young people in jobs.
Chase Bank signs mobile banking deal with Sensibill
The fintech to provide receipts management in Chase’s banking app.
Is Monzo’s 40% drop in valuation a sign of things to come for tech start-ups?
Investors in the company believe the drop is nothing more than a minor blip.
CaixaBank starts rolling out 100 facial recognition ATMs
Branches in Barcelona and Valencia already have the machines.
Metro Bank in talks to acquire UK P2P lender RateSetter
RateSetter would be bought up at “a knockdown valuation”.
Bank of America goes live on securities platform from Wematch and Pirum Systems
The combined system made its first transaction on 10 June.
Apexx Group raises $8m in Series A funding to boost payments platform
Forward Partners, MMC and Alliance Ventures participated in the round.
