Sweden’s SEB chooses DTCC’s Global Trade Depository to meet SFTR obligations
DTCC has added data transformation services to its SFTR offering.
BankingTech
FIS acquires Worldpay for $34bn
The resulting merger will have an enterprise value of approximately $43bn.
White paper: Artificial intelligence for executives
Learn how to integrate AI into your organisation with this SAS white paper
First Direct invites customers to co-create new products
The launch of fdesign follows the introduction of peer-to-peer payments system fdpay in January.
Top fintech stories this week – 15 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
South Africa’s Standard Bank to axe 1,200 jobs
It will also close 91 branches in the name of digitalisation.
Spanish stock market operator BME tests blockchain for collateral pledge
BME and Renta 4 Banco have carried out their first digitisation.
BNP Paribas Fortis dreams up Didid app for savings
The app is virtually linked to users’ current and savings accounts.
StanChart to set up digital SME platform in India
Will offers business loans, invoice/supply chain financing, and commercial insurance.
Bulgaria’s Municipal Bank gets core and payments tech from Oracle
EXCLUSIVE. It is understood new tech will replace CSoft’s VCSBank.
Same old banking and bananas
Good UX is like a joke. If you have to explain it, it ain’t that good.
Kakao’s crypto business raises $90m funding
Ground X plans to raise a similar sum this week.
Navy Federal Credit Union sails on Broadridge’s SaaS platform
It’s the first credit union to go live on MBS Expert.
US Fed bars ex-Goldman Sachs staff over 1MDB misuse
Two former employees are prohibited from the banking industry.
Open Banking one year on
Information Builders looks at how the initiative opened up new opportunities with data.
Fiserv powers NationalLink’s smart safe technology
To access the smart safes from anywhere.
Iraq’s Rafidain Bank revamps tech with Oracle
EXCLUSIVE. It is understood new tech will replace Finastra’s Fusionbanking.
Ukraine tops Science and Tech Global Index – that should come as no shock
Open and agile, Ukraine’s banking sector has been quick to embrace disruptive change.
Stash piles on rewards with stock-back launch
New York-based financial services platform officially boots up.
BGL BNP Paribas offers digital wisdom via Genius AI
A “personalised and intelligent digital assistant” lands in Luxembourg.
UK’s Nationwide analyses customer interactions with SAS
AI will look at how emails are managed at the building society.
US-based Stockman Bank goes digital with NCR
The community bank targets businesses in Montana.
Tide seeks £60m funding following RBS grant
UK challenger bank also plans more funding rounds in next couple of years.
RCBC files defamation suit against Bank of Bangladesh over 2016 cyberattack
The aftermath of the $81 million cyberheist lingers on.
The new business models of banking
Analysis of three alternative business models for the banking industry.
Video: fintech news weekly round-up – 11 March 2019
Featuring New Zealand, Ant Financial, and Raisin.
Nymbus banking tech suite is Inspire-d choice
Pennsylvania’s Inspire Federal Credit Union is now live with its solutions.
Investors Bank addresses reporting with Wolters Kluwer
The US bank will receive OneSumX for Regulatory Reporting.
Lloyds, NatWest and Barclays team up for business banking hubs
The three banks will pilot the UK’s “first” shared hubs for SMEs.
UK’s OneSavings Bank and Charter Court mull merger
The new institution would be valued at more than £1.6 billion.
Pintec acquires Australian credit risk solution provider InfraRisk
Chinese firm seeks action abroad and aims to boost its “SaaS Plus” model.
CULedger teams up with IBM for blockchain network
A cooperative model designed for credit unions and SMEs.
Deutsche Börse and Swisscom to build digital asset infrastructure
The core elements will provide access to liquidity and banking services.
Vista Bank picks Temenos for African digital expansion
Infinity and T24 Transact will update the bank’s systems.
Lack of buyers puts an end to UK’s Raphaels Bank
One of the nation’s oldest banks is being wound down.
IPsoft’s 1Bank is one for conversational banking
New solution is powered by virtual agent Amelia.
White paper: Multi-cloud fundamental to financial services’ transformation
Discover major trends that are impacting financial service businesses
Salt Edge teams up with UK-based PFM app Emma
Integration will enable Emma users to connect their accounts from banks throughout the UK.
NatWest prepares biometric card pilot
The bank will trial fingerprint technology-enabled cards with Gemalto.
What dating apps can teach us about Open Banking
Technology enables people to connect with endless options, while encouraging them to commit to, well, nobody.
