The rise of instant payments: protecting consumers from criminals in 10 seconds
How can financial institutions strike a balance between speed and safety with instant payments?
BankingTech
ECB publishes progress update on digital euro preparation phase
Privacy, offline functionality and possession caps are the key focus points of the progress report.
Canada’s Haventree Bank partners Temenos for new core banking platform
Haventree serves the Canadian alternative mortgage sector through the broker network.
Raiffeisen Bank International opts for Surecomp’s collaborative trade finance platform
The Austrian bank will utilise RIVO to digitise its processes for guarantees and letters of credit.
Mirror, mirror on the wall, who has the best core of them all?
As the rate of change increases, a bank’s ability to adapt becomes even more important.
Washington’s Industrial Credit Union selects Mahalo Banking to enhance digital banking experience
The partnership seeks to “deliver an optimised member-centric experience”.
Brazil’s Nubank buys AI-powered data intelligence start-up Hyperplane
Nubank plans to harness Hyperplane’s AI expertise to enhance its core machine learning capabilities.
Frost Bank in Texas taps Finzly for instant payments
The San Antonio-based bank has deployed the vendor’s single API instant payments platform.
June 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories during June.
The day after the glitzy trade show is never a good day
If you want to participate in the future, you have to let go of the past.
Mashreq to roll out Flexcube core banking system across global operations
Flexcube will be implemented at Mashreq’s international hubs in Hong Kong, the US and the UK.
June 2024: Top five core banking stories of the month
FinTech Futures takes a look back at five of the top core banking stories of the month.
Canada’s Vancity taps Intellect Design Arena for digital engagement upgrade
Vancity has selected the vendor’s DEP and CBX solutions to digitise member engagement.
Bank Midwest launches new digital bank for US healthcare industry powered by Finastra
Bank Midwest says OnePlace.bank will be “a natural progression” of its OnePlace Capital division.
June 2024: Top five new fintech launches of the month
FinTech Futures takes a look back at five of the top new launches in June.
Virgin Money taps Experian to streamline digital customer experience
Virgin Money says it plans to use Experian’s “full breadth of services” to enhance “all product lines”.
The consumer credit applications of open finance: a snapshot
Open finance has the potential to help consumers take control of their financial lives.
Lloyds Banking Group expands card and payments partnership with Visa in the UK
The partnership will serve the group’s Lloyds Bank, Halifax, Bank of Scotland and MBNA brands in the UK.
Italian fintech Banca AideXa secures €16m capital raise
The fresh investment brings the fintech’s total capital raised to date to €96 million.
Commerzbank to launch digital credit cards for businesses with Pliant
The offering is expected to launch in Q3 2024.
FreeBnk partners E Money Network to issue blockchain-based IBANs
The partnership is set to enable blockchain-based international money transfers.
Backbase hires Chris Shayan to lead integration of AI into Engagement Banking platform
Shayan will head the integration of LLMs into the fintech’s Engagement Banking platform.
Video: BNY Mellon at FinovateSpring 2024 – Working with early-stage tech companies
Dexter Wilson of BNY Mellon discuses the process of collaborating with early-stage technology companies.
Video: Fremont Bank at FinovateSpring 2024 – Harnessing AI to augment a bank’s customer experience
Vivian Yeung from Fremont Bank chats about how AI has transformed the financial services sector.
Sainsbury’s sells core banking business to NatWest
The deal includes the retailer’s personal loan, credit card and retail deposit portfolios.
Reserve Bank of Australia set to conduct “holistic review” of retail payments regulation
The review will begin after the Australian government evaluates the Payment Systems Regulation Act 1998.
FINMA takes action against HSBC Private Bank Switzerland over “serious breach” in PEP due diligence
HSBC says it plans to appeal FINMA’s ruling.
BaaS fintech Unit to reduce workforce by 15%
The cuts are in response to “slower than expected revenue growth”.
Revolut launches bond investing in partnership with UAE’s GTN
Bonds join Revolut’s investment offering of ETFs, and US and EEA shares.
Société Générale sells neobank Shine to Danish fintech Ageras
Société Générale has been looking for a buyer for Shine since January.
DORA and your uncle Joe
DORA has no appetite to understand why your selective facts are better than the whole truth.
Flexcube replaces Ultradata’s Ultracs core banking system at TISA
Teachers Savings and Loan Society (TISA) has gone live with a host of solutions from Oracle FS.
DZ Bank partners Surecomp for collaborative trade finance platform
DZ Bank acts as a central bank to more than 700 cooperative banks in Germany.
Atom Bank’s operating profit climbs 600% after “best year yet”
The UK challenger recorded an operating profit of £27 million last year.
Webinar | Watch on demand | Fintech rebound: Unveiling opportunities for 2024 and beyond
Join this free webinar to learn more about the opportunities arising in the fintech industry in 2024.
US Federal Reserve Board issues cease and desist order against Evolve Bank
The bank is alleged to have “engaged in unsafe and unsound banking practices”.
JP Morgan and WeRealize settle Viva Wallet lawsuit
The outcome “could allow Viva to be sold soon”, according to JP Morgan.
FINMA pulls the plug on FlowBank as bankruptcy proceedings commence
The Swiss regulator has found the challenger bank to be in a “serious breach of supervisory law”.
The future of fraud detection: how AI revolutionizes your bottom line
Building a proactive fraud shield with AI for unstoppable banking.
Video: Women in Payments at FinovateSpring 2024 – The obstacles women encounter when pursuing careers in fintech
Kristy Duncan from Women in Payments talks about barriers for women entering the fintech sector.
