Video: fintech news weekly round-up – 4 March 2019
Featuring N26, South Korea, Brex and TymeBank.
BankingTech
United Bank for Africa launches in UK
Follows on from its recent arrival in Mali.
People’s Bank of Zanzibar goes live with ICSFS core system
State-owned bank made its selection in late 2016.
Proactis gets £20m funding from HSBC for SME action
To help SMEs with liquidity management.
New Zealand heads to open banking
Governance organisation Payments NZ reveals first API standards.
Lunar Way and Tink to the moon and back for payments
Making the most of Lunar Way’s new AISP and PISP licences.
Fears over Bank of Ireland €2bn tech revamp cost
Five-year Project Omega could be hit by “scope creep”.
Pay.UK officially brings payment brands under one roof
Bacs, Faster Payments, and Cheque and Credit Clearing are now part of Pay.UK.
Wells Fargo makes record $240m settlement over fake bank accounts
Bank officials denied wrongdoing in agreeing to the settlement.
Swiss bank Dukascopy debuts crypto token on Ethereum
Dukascoin is here after a year of “intense legal, technological and emotional effort”.
Australia upfront for better banking outback
The code of practice is a result of the Royal Commission’s recommendations.
UCL and Barclays unleash deep tech venture builder
Conception X turns dissertations into a deep tech start-up.
QuadrigaCX crypto exchange court case calls for $30m payout
Judge’s decision in Canada follows the firm’s collapse in January.
Banking Technology March 2019 issue out now
Pay attention. Fintech in the ascension.
RHB Bank gets modern capital markets tech with Murex
Malaysian deploys Murex’s MX.3 tech for its Islamic and conventional treasury and capital markets (TCM) operations.
Revolut rocked by compliance and culture criticisms
The firm has been accused of violating basic banking rules.
Banco Bolivariano gets Diebold Nixdorf’s mobile banking tech
Ecuadorian bank upgrades with the help of Kony.
ID verification firm Socure so cool with $30m funding
The Series C round takes the company’s total funding to $57.5 million.
Banking software provider NDGIT loving licence revenue
PSD2 and open banking era bring smiles to German firm.
Top fintech stories this week – 1 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
FinovateEurope 2019: days of creation
Fintech is currently in an exciting creative phase.
Disruption through diversity and empowerment
“Be bold. You have earned it. More importantly, if you don’t value yourself, how can you demonstrate it to others?”
Cloud Elements on API high with $25m funding
Denver cloud boys – and girls – now have total capital of $46.2 million.
UK Finance wants to bring ethics to banking sector
Good luck getting that to work.
UK banking data reveals eruption of disruption
Last year was arguably not a good one for banking across the nation.
Nigerian fintech TeamApt is apt for $5.5m of funding
To develop digital solutions for Africa.
RFI Global Business Banking Summit 2019: The age of branch banking is over
The time of digital has come.
Tinkoff Bank gets on Russia’s Faster Payments System
It’s one of 12 banks and payment systems taking part in the pilot phase.
Silvergate Bank selects Finastra for payment processing
US bank wants to expand its infrastructure with an API-enabled platform.
South Africa’s Standard Bank to unleash payments blockchain platform
Plans a cloud-based platform for foreign exchange and settlement in H1 2019.
Assets, habits and the wand that chooses the wizard
Can you tell which bit of generalities “we have data, customers and scale” actually holds value for the future?
Citi and Kyriba go API for faster payments
SaaS platform brings bank connectivity for treasury ops.
Al Rajhi Bank turns to Temenos for digital revamp
Saudi Arabia’s second largest bank plans “complete renovation”.
Challenger bank N26 expands to Brazil
It’s also planning its delayed launch in the US this year.
TymeBank launches with Mambu core system
South African bank finally live and using Software-as-a Service (SaaS) offering.
New Valley Bank & Trust gears up for launch in Massachusetts, selects new lendtech
New Valley Bank & Trust has selected Baker Hill NextGen for its commercial and small business lending operations.
Charity Bank in core banking tech overhaul with Apak Group
Finastra’s legacy Bankmaster core banking system out, Apak’s Aurius in, at Charity Bank.
Santander and LSE instrumental in Nivaura’s $20m funding
UK firm offers platform for the issuance of financial instruments on blockchain.
Research paper: The rise of the instant bank
The study of more than 2,000 UK banking customers.
Julius Baer enters crypto arena with SEBA stake
Swiss duo plans tech bridge between traditional and digital assets worlds.
