Doing smarter, cleaner business: The analytics potential of trade data
Banks’ data-rich future should not begin and end with trade flows.
BankingTech
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.
Video: fintech news weekly round-up – 16 August 2019
Some of this week’s news, in video format!
Top fintech stories this week – 16 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Technical glitch delays trading at LSE
The glitch caused LSE’s worst outage for eight years.
US neobank Zenus gets licence
Zenus will allow anyone in the world to open an account.
Monzo offers new short-term loans
Loans will be loans between £200 and £15,000.
Finastra wins core cloud deal with neobank, Gravity
Gravity is still seeking authorisation to serve SMEs.
ECB discovers data breach in bank newsletter
It is the second time in five years.
Desjardins spends CAD 70m related to data breach
It’s offered the affected accounts a credit monitoring plan and identity theft insurance.
Commerzbank and LBBW set a new blockchain milestone
This time they’ve integrated logistics provider, Logwin AG.
Declaring time of death and other ways of surviving doing business with big banks
Don’t be afraid to declare time of death when it is true: it is not an admission of defeat.
Atom Bank, iwoca, Modulr and Currencycloud get £10m BCR grant
Public commitments include new UK job.
Jack Henry core banking solution attracts 57 new users in 2019
A record year for the technology provider.
Swedish fintech Northmill launches new saving service
Customers can lower their interest rates in a matter of minutes
Reshaping the banking experience
It’s time to stop looking at digital as the only key to client satisfaction.
