US Federal Reserve pours $2.3 trillion into financing economy
“This funding will assist households and employers of all sizes,” says the Fed.
BankingTech
China calls on banks to lend more aggressively to small businesses
Analysts say cheaper loans will help the broader Chinese economy weather the current slowdown.
French markets regulator backs extension of short-selling ban
“I would probably be in favour of extending [the ban],” says chairman of the AMF.
RBS axes 130 jobs from investment banking arm despite coronavirus uncertainty
Trade unions have criticised RBS’ choice to lay off workers amid the crisis.
Japan’s $1tn stimulus offers $18,000 to small businesses
It includes more than JPY 6 trillion for cash pay-outs to households and small businesses.
HSBC reports money laundering breaches in Australia subsidiary
The breaches involved small amounts of cross-border foreign currency transactions.
Transformation in a post apocalyptic world
How do we ensure we are in a better place to serve, deliver, survive in the next Black Swan event?
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
Fifth Third Bank plans 1,000 new roles for COVID-19 jobless
The US bank is hiring across retail banking, mortgages, and operations.
86 400 raises AUD 34 million in Morgan Stanley-led Series A
This brings the total capital raised by 86 400 up to AUD 90 million.
UK challenger bank Neuros to offer money management for neurodiverse users
The founder discovered she had ADHD whilst building the bank.
Privitar raises $80m in Series C featuring ABN Amro
The latest funding round brings London-based Privitar’s total raised up to $143 million.
IBM names former Bank of America exec as new cloud head
Howard Boville steps in as Arvind Krishna takes over from chief Ginni Rometty.
Paul Cormier steps in as new Red Hat CEO
Cormier replaces Jim Whitehurst, who moved to parent company IBM.
NatWest’s Mettle gives users access to FreeAgent’s accounting software
User will need to make one transaction per month minimum for the free service.
Westpac’s acting CEO gains full authority as bank gears up COVID-19 response
Peter King will be Westpac’s CEO for at least the next two years.
Africa and Gulf Bank selects Path Solutions iMAL as new core system
Sudan-based bank has signed up Path Solutions and its iMAL Islamic core banking system.
Rangewell calls for Nationwide’s returned £50m to go towards COVID-19 effort
Business finance firm says the bank has abandoned finance plans “when they are most needed”.
JP Morgan sets up new FX infrastructure in Singapore
US bank goes live with fourth centre with help from MAS.
HSBC launches mobile onboarding in mainland China
UK-headquartered bank is the first foreign lender to launch mobile onboarding in China.
Sony Bank picks OneSpan for mobile banking security
The Japanese bank secures launch of new banking app.
Exclusive interview: looking beyond the horizon
Fintech Futures talks exclusively to Nationwide’s channel service director, Carole Layzell.
Video: Top fintech stories this week – 03 April 2020
FinTech Futures’ weekly news round-up.
TSB’s online and mobile banking goes down on April Fools
Phone lines were busy and branches weren’t reachable amid lockdown.
Siam Commercial Bank partners Azimo for money transfers from Europe
The Thai bank expands its electronic money services.
How banks’ platform strategies are shaking up the fintech industry
A shift to the digital landscape has not been plain sailing for financial institutions
Colt to underpin connectivity at Taiwan’s major exchanges
Taiwan introduced continuous trading in late March.
The ABCs of eKYC
A how-to guide for online identity verification and eKYC.
Biometric authentication to continue gaining ground in next decade
It’s a known fact, but it’s worth repeating: your personal data is never safe.
COVID-19: a call for digital transformation
This will not be a short-term event so businesses must prepare for the long haul.
Signicat acquires Connectis to tap Benelux region
CEO of Signicat says Connectis had been on the radar “for quite some time”.
Trustonic lands security deal with South Korea’s biggest bank
“KB Bank are taking a more open market approach,” says Trustonic.
A banker goes a-banking, volume 6: the patience of the lambs
Better is possible. Better is needed. Better is now both a business decision and a moral imperative.
Icelandic challenger bank Indó prepares for launch
The prospective first digital bank in the country is seeking a licence.
The services trinity: three is the magic number
ATMs are not all equal. The positioning, usage, prioritisation-none of it is equal.
JP Morgan vs fintechs: Who really owns your data?
The bank gave fintech firms a choice: abide by data access rules or get out.
Digital app One selects Finxact core banking system
New digital player to deploy Finxact on the cloud.
Siam Commercial Bank taps Ripple to provide cross-border payments
The Thai bank aims to cater to both individuals and businesses.
Colorado National Bank rebrands to Transact Bank and goes live with Fiserv
CNB was bought by the owners of Latvian fintech Transact Pro in 2018.
Banks waive overdraft interest on temporary basis
Banks & building societies have previously been shaking up their overdraft charging structures.
