Travelex ordered to pay $3m ransom by cybercriminals
The ailing FX firm is wrestling with a New Year’s ransomware attack.
BankingTech
BNP Paribas extends deal with Temenos
The two are agreeing to work together until 2028.
ING to launch analytics tool Katana as new fintech company
Dutch bank plans to spin out its AI tool in London.
Nisir Microfinance taps ICSFS for new core system
ICFS Banks to be rolled out across five branches.
Metro Bank raids FCA for new risk director
Jose Morago says he’s “excited” to get back to the finance industry.
MyBucks Banking Corporation implements Flexcube core banking system
The new Malawi-based bank also took Oracle Banking Digital Experience for the front-end.
Mitigating network outages in the financial services sector
How poor service levels from IT vendors are reflected in network outages and how to fix it.
Chinese regulator opens market access for foreign banks
CIRBC unveils rejigged rules to encourage foreign investment in Chinese market.
Travelex quarantines website, internal systems after New Year’s Eve cyber-attack
Foreign exchange firm working “round the clock” to fix the attack.
Sopra Steria completes acquisition of Fidor Solutions
Sopra on the hunt to boost its digital banking product portfolio.
Commerzbank to acquire block of Comdirect shares from Petrus Advisers
Commerzbank will hold over 90% of the shares of Comdirect once it’s completed.
Emirates NBD completes third phase of its core banking systems upgrade
The project sees the roll-out of the new core banking system for Emirates NBD Saudi Arabia.
HSBC to shut down Hong Kong ATMs after protest vandalism
Protestors also attempted to damage the bank’s famous lion statues.
ICBA welcomes Charles Potts as the new chief innovation officer
Potts’ extensive financial services experience spans more than 25 years.
Qatar International Islamic Bank picks IBM for fraud prevention
QIIB selects Big Blue for its mobile and online banking channels.
RBS recruits army of digital influencers to promote banking app Bó
The sponsored posts were published after RBS was accused of writing fake reviews for Bó.
Two UK credit unions live on TCS Bancs
TCS confirms Voyager Alliance and RetailCUre deployment of cloud-based Bancs.
Lloyds, Halifax and Bank of Scotland customers hit by system outage
The incident took place from around 4am on New Year’s Day.
JP Morgan vows to ban fintech apps from using customer passwords
It’s working towards issuing tokens that send third parties a narrow range of data in a secure form.
BBVA trials Amazon platform for banking products
The Spanish bank is exploring options via a partnership with a Michelin star restaurant.
China suspends London-Shanghai exchange partnership
The rumoured order comes amid rising political tensions.
Better serve your customers by focusing on your employees
This isn’t a question of profit or people, but rather people in order to profit.
Omnio lands €15m in private placement
Further €10 million anticipated in January 2020.
Standard Chartered appoints new CIO of corporate, commercial & institutional banking
Rene W. Keller joins Standard Chartered from Deutsche Bank.
SME challenger bank B-North raises £2m funding
The bank’s first regional “Lending Pod” will open in Manchester in Q2 2020.
BoE’s Carney says finance is too slow on tackling climate change issues
Carney is due to become the United Nations’ special envoy for climate change.
HSBC plans new restructure with France and USA in firing line
The global bank is aiming to cut costs and weed out loss-making divisions.
Razer Fintech, Grab and Singtel bid for Singapore digital banking licence
There are only five of the new licences up for grabs.
Former Starling Bank CTO plans 2020 launch of crypto digital bank
Mark Hipperson is CEO of Ziglu, an app that will allow users to trade cryptocurrency
Fintech’s largest mergers and deals in 2019
What deals shook the market this year? We find them so you don’t have to
2019’s biggest banking job cuts
Digital transformation can lead to unhappy consequences.
CBI’s CEO on gender diversity in banking and how it’s changing
She is optimistic about the last eight years she’s spent as a CEO.
Our top women in fintech and banking 2019 short list
A short-list of rising stars and household names in banking and fintech.
A 2019 challenger bank review
B-North’s COO takes a look back at what 2019 had in store for banks.
Top 7 banking outages in second half of 2019
Banking outages have hit headlines thick and fast this year.
Deutsche Bank launches motion code Calma Card with Mastercard in Spain
The major companies say it’s the first Spanish card to use motion code technology.
Next year looks bright for community banking
Credit unions and community banks raise their game in 2020.
2019’s largest regulatory fines
The biggest charges levied by regulators this year, summarised for you.
UK fintech Rebank raises $2.8m seed round to help businesses bank
The start-up sits on top of businesses’ bank accounts.
Australia delay open banking regulation by six months over cybersecurity concerns
Banks are “extremely concerned about cybersecurity”, says ACCC.
