Temenos acquires Kony for $559m
The transaction is due to be completed by early Q4 2019.
BankingTech
Equity Group reviews its fintech unit as executives quit
The Kenyan bank is considering running Finserve Africa as a division.
R3 partners with Wethaq to digitise Islamic capital markets
The platform will make Sukuk more accessible.
LeasePlan migrates to Ohpen’s core banking system
Nearly one million Dutch and German savings accounts moved to new cloud-based system.
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
PNC becomes first US bank on RippleNet
The bank joined the blockchain payments platform in September 2018.
Bad bosses and hardy flowers
Moving away from bad bosses is not good advice, it is essential advice.
RBS and NatWest websites’ problems fixed – for now
Both sites have been showing a 502 Bad Gateway error.
ICBA invests in Teslar Software for community banks
The undisclosed investment brings Teslar’s seed capital to $2 million.
Why should banks and fintechs work together?
Partnering up with fintechs and leveraging their agility and technological edge is what will keep banks relevant.
Ask the expert: your questions on growing the business answered
How to generate leads and reach the right decision-makers – refining your approach.
Digital assets focused SEBA receives Swiss banking licence
It is being hailed as a milestone for the blockchain and digital asset economy.
Horizon Credit Union is becoming a bank from 2 September
“Regrettably, many people don’t know what a credit union is, who can join and what they do”.
Standard Bank and Nomanini sign 12-months in the making $4m deal
Nomanini will be looking to raise additional funding for growth.
Doing smarter, cleaner business: The analytics potential of trade data
Banks’ data-rich future should not begin and end with trade flows.
Credit Suisse to focus on digital banking
“Maintaining the status quo was not an option.”
PAI acquires Eclipse Cash Systems
The deal takes PAI’s network to over 90,000 ATMs.
New core banking software deals for Oracle FSS
The latest financial quarter brought licence deals worth $29 million.
Top fintech stories this week – 23 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
booyah! bank blasts off in US
It’s backed by FDIC member, Surety Bank.
New US banking service launches for international students
The account is designed to make life easier for new arrivals.
N26 officially launches in the US
The challenger bank has also introduced a new sub-accounts feature.
Barclays customers suffer most internet banking incidents
There were 21 operational and security incidents within a year.
JP Morgan to shut down Chase Pay app in early 2020
This venture will soon be joining the US bank’s other shelved platforms this year.
Student lender MPOWER secures $100m from Goldman Sachs
Goldman Sach’s total loan financing capital for MPOWER is $200 million.
Data breach leaves PayID’s customer details exposed
NPP Australia confirms the affected data included name and account numbers.
Bank of America announces “record-breaking” P2P app payments
The bank received 163 million transactions in less than nine months.
Nordic challenger bank Lunar Way raises €26 million
With its fresh new licence, Lunar Way is now the newest bank of the Nordics.
A banker goes a-banking, volume 5: the gift that keeps on giving
The helplessness. The fear. The rage. And the shame.
Natwest, Tesco, RBS and Nationwide experience banking IT outage
Customers couldn’t access credit card information with monthly bills imminent.
Identitii secures second licence with HSBC
Identitii will provide the bank with its Overlay+ platform.
The cloud journey for market infrastructures
Some steps to ensure cloud-based is successful and meets the approval of regulators.
Alterna Bank partners with nCino
The agreement marks nCino’s first Canadian credit union customer
Banque Morval and Intesa Sanpaolo unite on Avaloq’s core banking tech
The project took nine months to complete.
Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Retail banks must be team players
Industry players question collaboration for fear of surrendering their competitive edge.
Close Brothers picks Deposit Solutions’ Swiss direct B2C channel
Savedo will enable the collection of euro retail deposits from Switzerland.
Data Action wins core solution deal with Greater Bank
Greater Bank hopes the new partnership will prepare it for the open banking era.
How regulations are bringing banks and fintechs together
There are plenty of benefits for both.
