Video: Top fintech stories this week – 24 April 2020
FinTech Futures’ weekly news round-up.
BankingTech
Barclays launches CLBIL scheme amid coronavirus
Barclays is extending its support to businesses not covered by CBILS or CFF.
Temenos rolls out AI models to help banks lend quicker during coronavirus
“Our AI can expedite accurate decision making and help the front line staff,” says Temenos.
Will America’s second round of PPP avoid mistakes of the first?
Roughly 80% of PPP applicants are still waiting on loans, says NFIB.
Yemen’s Al Kuraimi Islamic Bank selects Temenos for digital banking
KIB currently serves 1.2 million customers.
Three US credit unions pick Bankjoy for mobile and online banking
The three institutions hold a combined $280 million.
The future of commercial lending lies in leveraging AI to enhance humans
Humans have been completely removed from the decision workflow and replaced by technology.
The in-between places
#LedaWrites has given me an expansive place where I could reflect, peel back and grow.
Paytm Payments Bank partners with Mastercard for physical card rollout
Beta users of the bank will be first to receive the new cards.
Webinar: Getting reconciliation right in the ‘decade of data’
A blueprint for consolidating, automating and driving efficiency across reconciliation.
Fenergo and IBM sign OEM agreement
Both firms will collaborate on the creation of financial crime solutions.
Google plans debit card launch in the US
Google is preparing to launch an Apple Card rival soon.
ForgeRock raises $93.5m in Series E funding round
Digital identity firm plans to invest in research and development.
Phoebus Software appoints Unisys’ Mehran Radfar as COO
Radfar joins to “make a difference” at Phoebus.
World Fintech Report 2020: “Traditional banks are at a critical juncture”
“They must embrace Open X or risk becoming irrelevant,” says John Berry, CEO of Efma.
Jumhouria Bank goes live on SmartStream cash reconciliation system
Libya’s largest bank signed for the platform back in July 2018.
Harnessing new technologies to stop today’s modern account takeover threats
Pairing face-based biometrics with certified liveness detection to crack down on ATO fraud.
Certified liveness detection a must for FCA recommended customer selfies
How to comply with the legislation and ensure that appropriate safeguards and additional checks are in place.
DCI nabs Vetter tech suite from AFT Analytics
DCI continues an acquisitive streak focused on strategic growth.
Mizuho Bank launches face ID biometrics for online banking
The Japanese bank has partnered with Google Cloud Japan for the project.
COVID-19: Highlight of the week
This week, we focus one particular coronavirus news item affecting the fintech industry.
Video: Top fintech stories this week – 17 April 2020
FinTech Futures’ weekly news round-up.
Swift cancels Sibos amid COVID-19 crisis
Delegates that had signed up to attend will be offered a full refund.
Castle Trust signs DPR for savings origination tech
Castle Trust aims to be a new challenger bank in the UK market.
Meniga and Worldline strike digital banking partnership
The two firms aim to combine conversational banking with data analytics.
Tide launches Coronavirus Government Support Eligibility Checker
Its aim is to help SMEs get access to the financial aid during this time of crisis.
Avaloq extends Actico partnership to integrate compliance tech
Swiss technology vendor to embed compliance solution into its platforms.
On making your bed and having a future
Giving the people who are building your future a reason to believe in you and your right for a future is survival.
Currencycloud strikes FX partnership with Derivative Path
Partnership will see both firms combine their systems.
Four US credit unions pick Bankjoy for online banking
Four credit unions holding combined $724m in assets select Bankjoy’s systems.
Indian challenger-to-be Jupiter raises $2m in venture funding
The new round comes as a top-up to a $24m injection from November 2019.
Visa invests in open banking platform Railsbank
The regtech firm gained extra capital from Japanese VC Global Brain.
Nordea helps suppliers to get paid early amid coronavirus
Suppliers will benefit from “several hundred million euros” early.
Barclays’ top bosses give up a third of their paychecks for six months
Donations by all three executives will also be matched by the bank.
Revolut and open banking – what’s the big deal?
The announcement from Revolut should be seen as a must win gamble.
COVID-19: Weekly wrap
FinTech Futures’ weekly coronavirus news wrap.
2020 Review: Top 10 core banking go-lives this quarter
Looking back at some of the most interesting core-banking go-lives this quarter.
2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
2020 Review: Top 10 funding rounds this quarter
A look back at some of the biggest investments this past quarter.
Video: Top fintech stories this week – 10 April 2020
FinTech Futures’ weekly news round-up.
