Turkish banks and FIs sign majority stake in JCR Eurasia
Turkey seems to be establishing a national credit rating agency.
BankingTech
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
Video: Top fintech stories this week – 29 November 2019
FinTech Future’s weekly news round-up.
Natwest outage stops customers spending savings and payday wages on Black Friday
Some customers said they couldn’t get cash out of ATMs either.
Middlegame Ventures reaches first close of €150 million for investment in early-stage fintechs
New venture fund wants to empower fresh innovation.
Russia’s Sberbank inks contract with driverless car tech firm
The Russian bank will challenge Yandex which currently has the monopoly.
IMF to put Nordic banks’ AML controls under microscope
International regulator investigates banks’ alleged failings.
Nile Bank selects Oracle as new core banking provider
Implementation partner Profinch to ensure deployment.
Positive Money targets UK swing seats hit hardest by free ATM losses
Labour could grab six seats and the Conservatives could grab five.
Easing the cloud transition using microservices, containers and Kubernetes
The first step is to build new applications using these new architectures.
Atom Asset Exchange joins LSE partner platform
AAX set to become first crypto exchange on the program.
HSBC turns to blockchain to digitise private placement records
The bank has launched its new Digital Vault platform.
DFS 2019: Europe’s financial landscape a long way from united
Yet there’s hope for harmonisation on the horizon, says panel.
DFS 2019: C-level execs with “no idea” holding back innovation
The right structure is needed at banks to enable technological progress, says panel
Smartstream partners with Union Systems to tap Africa’s finserv space
Union Systems has a presence in 19 African countries.
Co-operative Bank launches personalised loan marketplace with Freedom Finance
Successful applicants “could receive funds the same day”.
Customer involvement in fraud mitigation
Pressure for speed has impacted the time available to ensure accuracy.
Artificial intelligence and natural reluctance
AI prize: building a future-proof organisation with a right to not just survival but also success.
Slovenia passes law requiring central bank to pay back 2013 losses
A build up of bad loans since the financial crisis saw investors lose out in 2013.
NatWest ‘planned maintenance’ stops customers applying for Help to Buy ISA days before deadline
Customers took to social media to vent their frustrations.
Heritage Bank signs Diebold Nixdorf on five-year ATM services contract
Diebold Nixdorf will take charge of a fleet-wide upgrade to Windows 10.
Tandem Bank signs up TrueLayer for account aggregation
The UK challenger’s 800,000 customers will gain access to their other accounts in-app.
MLRO’s in the regulatory “cross-hairs”
The role of AML compliance officer/MLRO has never been more challenging.
As platformania reaches its peak, what is the secret to marketplace liquidity?
Over the last ten years, the platform business model has risen exponentially in popularity..
MoneyLive 2019: Here Mobility to help banks react to Uber and Grab’s financial play
The firm is offering a white label mobility solution to banks.
TSB plans 82 branch closures in £100m cost cutting exercise
UK bank spends 85% of income on running costs, says CEO.
MoneyLive 2019: Banks have to be humble even if they’re everywhere, says ING exec
Banks tend to over-promise to customers through their adverts, says ING CIO
Nationwide opens API sandbox for mortgage processing
The UK institution has been in contact with a number of third parties.
Westpac AML failure allowed 23m illegal transactions, say regulators
The bank failed to stop 23m potentially illegal transactions
Automation Anywhere raises $290 million in Series B round
RPA firm has previously had funding from SoftBank.
Thailand’s SCB set to turn tech divisions into new fintechs
One unit has the potential to be a “unicorn”.
EQ Bank completes cloud-based Temenos core banking project
Bank finalises migration to the Microsoft Azure cloud.
TSB suffers fresh payments glitch
Customers reporting lack of wages as internet banking slows.
Thought Machine becomes Google Cloud partner
Google Cloud is already popular among Thought Machine’s clients.
Video: Top fintech stories this week – 22 November 2019
FinTech Future’s weekly news round-up.
CMTI 2019: Capital markets in a “war” with disruptors
Innovators are drawing battle lines that banks need to meet, says panel.
CMTI 2019: Regulation and investment needed to support European innovation
French government official says Europe needs to support its start-ups.
Nium powers cross-border payments for Cambodia’s PhillipBank
Cambodian institutions are increasingly engaging with their global counterparts.
Caixabank inks deal with Salesforce to bring CRM to digital banking
The companies signed the agreement at Salesforce’s Dreamforce event.
Deutsche Bank already using robots as it gears up to cut 18,000 jobs
AI has “massively increased productivity” for the bank.
