Sucden Financial signs up to Cobalt post-trade technology network
The derivatives firm will use Cobalt for its FX operations.
BankingTech
Standard Chartered snaps up top fintech exec
Kahina van Dyke joins Standard Chartered CCIB from from Ripple.
Wematch hosts “first fully electronic” Eurex-LCH basis swap trade
The swap was piloted between Societe Generale and LBBW.
Opel Bank becomes first European lender to pick FIS Modern Banking Platform
FIS follows up its Union Bank deal with a new partner in Germany.
Intesa Sanpaolo makes €4.9bn bid for rival UBI
UBI Banca is Italy’s fifth largest bank.
Taking chances: An interview with Chuka Ikele, legal counsel at CrossLend
Drawing connections between the correlation of law and finance.
Mastercard plans its first European cybersecurity centre
The Cyber Resilience Centre will work with European cybersecurity agencies.
HSBC to cut 35,000 jobs in a major restructure to boost returns
Job loss figure more than triple the number expected to be cut by the bank.
Pakistani challenger Sadapay preps 2020 launch
New mobile wallet will target Pakistan’s underbanked and freelancer market.
Metro Bank hires new director of technology and engineering
Sailesh Panchal joins the challenger from Orwell Group.
JP Morgan to deny fintechs data access if they don’t sign new deal
One fintech said they were “surprised” by the strict deadline.
GCC Capital AB picks BearingPoint for EBA reporting requirements
Swedish lending firm to deploy Abacus360 system on an outsourced basis.
Report: The digital drive to replace the passport in financial services
FinTech Futures publishes its latest industry report, on digital identity and fraud.
National Bank of Yemen goes live on ICSFS core system
Project has been in the works since 2012.
Standard Chartered sets up Singapore-based venture with Assembly Payments
The new payments venture is designed to help ecommerce merchants.
RBS changes name to NatWest and appoints new Bó CEO
“It really makes no sense for us to continue to be called RBS,” says chairman.
Community spirit: Reminiscing on the halcyon days of the bank branch
“I had to find out how to best serve people and customers at a community level.”
Video: Top fintech stories this week – 14 February 2020
FinTech Future’s weekly news round-up.
DBS evacuates 300 employees after one catches coronavirus
Singapore has reported 58 cases of the new virus so far.
Diebold Nixdorf to manage Belgian banks’ combined ATM network
Argenta, AXA Bank, Crelan, and vdk bank pick DN for ATM upgrade.
Saffron Building Society selects Burrow mortgage application tech
Saffron is the first user of the Burrow system due for launch later this year.
Wells Fargo cuts 700 jobs, overhauls exec suite and invests $5m in crypto start-up
The bank is splitting its three-part structure into five.
Moven and STC Pay plan challenger bank in Saudi Arabia
Moven founder announces new bank on social media.
FinovateEurope: Danske Bank’s UK chief digital officer doesn’t like chatbots
“I don’t like them, and more importantly customers don’t like them.”
Hampshire Trust Bank taps Ping Identity to improve customer experience
HTB aims to improve its monitoring, optimisation and alerting systems.
Gulf Bank signs up to Instimatch network
Kuwaiti bank looks to improve its treasury ops.
White paper: Accelerating RPA with a comprehensive process intelligence platform
Process intelligence is critical to the success of any RPA initiative.
FinovateEurope: Key takeaways
Sharon Kimathi and Ruby Hinchliffe explore the event’s top five themes.
LAPO Microfinance Bank in tech overhaul with Oracle
LAPO Microfinance Bank switching a number of systems.
UniCredit outlines 6,000 job cuts and 450 branch closures in cost-cutting plan
Italian bank kicks off its three-year plan.
Sainsbury’s Bank chairman to step down
Davis leaves after seven years in the post.
Deutsche Bank reaches out to Big Tech for cloud assistance
Deutsche Bank has reportedly invited proposals from Microsoft, Google and Amazon.
TransPecos Bank signs up Nymbus for core banking transformation
Texan bank already deploys Nymbus at its digital subsidiary.
How far can venture capital take European challenger banks?
European challengers have been among the top recipients of regional venture capital.
FinovateEurope: Nasdaq’s behavioral sciences head says AI can be “nonsense”
“People talk about AI as if it can solve anything, but it isn’t the only answer.”
Three Irish credit unions sign for Temenos’ banking tech
Capital Credit Union, Credit Union Plus and Tullamore Credit Union sign for Temenos’ tech.
Revolut launches open banking for all UK retail and business customers
Its new offering has been built in partnership with TrueLayer.
FinovateEurope: RBS head says bank has “turned a corner” in its innovation culture
“Our approach historically [to innovation] was the wrong one,” Broadbent admits.
Varo Money enters final stage of becoming nationwide bank
Mobile banking firm Varo Money has gained approval from the Federal Deposit Insurance Corporation (FDIC).
Credit Suisse spying scandal forces out CEO Tidjane Thiam
The bank loses Thiam to protect its reputation.
