ATMs decline for first time as cash demand falls
But ATMS are on the rise in developing markets.
BankingTech
BNP Paribas makes a Magic Leap to teleportation meetings
Meetings can be held via hologram in five locations.
OpenFin raises $17m for financial desktop innovation
This brings OpenFin’s total funding to $40m.
Banking on CX leadership?
Practical steps and examples of how to deliver differentiated, superior customer experiences.
Swedbank to acquire Vilnius’ Barclays Operations Centre in Lithuania
Banks are planning to complete this transaction by 1 July 2019.
Five banks fined €1bn for rigging foreign exchange market
UBS escaped a European Commission penalty after exposing the cartels.
Singapore-based challenger YouTrip scores $25.5m funding
It will use the funding for international expansion.
White paper: Shapeshifting – a look at the evolving landscape of cross-border payments
Discussing consumerism, PSD2, managing risk and the power of digital ecosystem.
ABN AMRO joins investors helping Tealium target global expansion
Tealium’s AudienceStream platform connects customer data in one place.
Rabobank IDB works with Sopra for PSD2
The bank has taken a Sopra solution called the Digital Experience Platform (DxP).
Q2 and ALTR leverage the blockchain to boost data security
The new technology, Q2 TrustView, powered by ALTR, adds to Q2’s approach to data management and protection by mitigating security breaches in real time.
FintechOS raises $1.2m to expand internationally
The round brings the company’s total funding to $3 million.
Top fintech stories this week – 17 May 2019
SoftBank’s big investment, as well as BCR’s pool B… and more!
Zenus Bank launches aiming to serve global clients
The US bank holds an international license.
Holvi expansion targets micro businesses in five new European markets
Finnish start-up serves “everyday entrepreneurs” with business current accounts.
Swiss bank prepares for PSD2 API regulations
It will provide APIs for third-parties for the Cornèrcard in the UK and Liechtenstein and Diners Club Card Italy.
NBB forges ahead with open banking in Bahrain
Tarabut Gateway will provide the infrastructure.
German bank Penta integrates business invoicing with Debitoor
Debitoor automatically compares invoices and money paid.
KOHO closes $42m for alternative fintech
Led by Portag3, who supported its Series A.
Appian World 2019: why banks need low-code tech
Revolutionising call centres, and harnessing AI to address challenges such as the demise of Libor.
Banking for humanity: a land of unsung heroes
Find your legacy. Find your own flavour of useful. Dust it off. And make it better.
New regtech FrankieFinancial signs up Xinja and Novatti
Aims to solve $4 billion legacy systems overhead problem.
Santander Spain plans a large jobs cut
Around 10% of its total workforce in Spain.
Canadian CIBC launches platform for SMEs
It allows users to manage accounting and payroll insights.
Nationwide, Investec and Co-op Bank share £80 million BCR grant pool
All three commit to modernise and improve business banking for SMEs.
Finastra’s Fusion LenderComm on blockchain signs up three new big banks
BNP Paribas, Natixis and Societe Generale join NatWest.
The IM regime and the false economy trap
Sophisticated technology offers a more cost-effective answer in the long-term.
Video: fintech news weekly round-up – 13 May 2019
This week, blockchain and crypto by big names like Facebook and Microsoft, among other news!
Scale Insights moves to the UK following investment from Nationwide
The Canadian firm will use the undisclosed investment to analyse speech patterns.
Two new next-gen banks to open in the US
Piermont Bank and Nexos National Bank.
Atom picks TruNarrative to provide AML solution
Atom was looking for a better way to manage false positives.
Hong Kong grants four more virtual bank licences
These banks will be launched by Ant Financial, Xiaomi, AMTD, Ping An, and Tencent.
Why retail banks should not be afraid of collaboration, even with tech giants
Collaboration for incumbents is the only way to catch up with the market and become truly consumer-centric.
New Medici Bank to harness technology to “reawaken” innovative spirit
A descendant of the Medici family sees future in Puerto Rico.
HSBC targets simplified receivables process with DART digital solution
HSBC says the B2B connectivity platform is an industry-first.
SettleGo signs for ClearBank’s payment access services
The service will also facilitate real-time account creation and addressable UK IBANs for SettleGo’s customers.
Orange joins Raisin’s €100m Series D investment round
Orange has key mobile financial services initiatives in Europe and Africa.
Countingup and Hokodo partner for invoice insurance service
This is intended to create a new service allowing UK SMEs to protect their income on an invoice-by-invoice basis.
Top fintech stories this week – 10 May 2019
Deutsche Bank picks Red Hat, Orange acquires Secure Link, and much more!
Fintechs, there’s a tsunami coming; do you hear the sirens?
And I will be able to pay for a surfboard with my new Apple Card.
