Wells Fargo to integrate AI into trade finance operations with TradeSun
The San Francisco-based bank will utilise the fintech’s TradeSun Intelligence V4 solution.
BankingTech
The real cost of cloud banking
Simply moving old software to the cloud will not necessarily save you much money.
US neobank Mercury enters consumer banking market with Mercury Personal
Customers of Mercury’s latest offering will need to commit to a $240 annual subscription fee.
Digital asset neobank Keytom launches in the UAE
Keytom says it aims to help customers better manage their digital assets “in one convenient location”.
Leeds Building Society opts for Mambu core banking system in tech overhaul
The building society is to leverage its Mambu core to build new mortgage and savings products.
Navy Federal Credit Union partners Zafin for product and pricing capabilities
The credit union says it’s in the process of pivoting its legacy core to a “cloud native, real-time banking core”.
What do you want to be famous for?
At the end of the day, when it’s all said and done… what do you want to be remembered for?
What the FinTech? | S.5 Episode 6 | How Santander created Gravity – its in-house core banking platform
In this podcast episode, we’re joined by Dirk Marzluf, Chief Operating and Technology Officer at Banco Santander.
Wintrust Financial Corporation acquires Macatawa Bank for $510m
Founded in 1997, Macatawa Bank manages a network of 26 full-service branches across Michigan, USA.
UK challenger Zopa scores £15.8m pre-tax profit for 2023 as IPO nears
Zopa says revenues climbed 29.7% “despite the challenging macroeconomic environment”.
Temenos review brands Hindenburg Research allegations “inaccurate and misleading”
Temenos’ board chair says the review “reinforces the board’s view that Temenos is running a sound business”.
Myanmar’s KBZ Bank taps FinbotsAI for credit risk management solution
KBZ Bank is to deploy FinbotsAI’s credit modelling solution, CreditX.
Avaloq co-CEO Thomas Beck to retire, Martin Greweldinger to become sole CEO
Beck will provide support to Greweldinger in a senior advisory capacity during the transition.
SC Ventures invests in UK ethical challenger Algbra
As part of the deal, Algbra has also partnered with SC Venture’s climate-focused savings platform, Shoal.
Navy Federal Credit Union agrees new seven-year partnership with Backbase
NFCU is “continuing to standardise” with the fintech’s engagement banking platform.
Newcastle Building Society partners Zest for employee benefits tech
The platform is set to strengthen the building society’s talent acquisition efforts.
United Bank in Alabama taps Jack Henry for digital upgrade
The bank is to adopt the vendor’s LoanVantage solution and Banno Digital Platform.
Salt Bank makes digital debut in Romania powered by Starling Bank’s BaaS
The challenger has leveraged Starling’s BaaS platform Engine to power the launch of its digital offering.
Alisa Bank snaps up invoice financing fintech Puro Finance to bolster SME services
Puro Finance is expected to operate as a subsidiary of the bank upon closure of the deal in May.
M&S and HSBC UK agree new seven-year partnership to enhance credit and payments offering
The partnership will be focused on “bringing together digital payments and loyalty for M&S customers”.
Google Cloud to develop quantitative research and genAI capabilities for three new industry takers
The deals were revealed during the Google Cloud Next event in Las Vegas this week.
What you’re really embedding when you embed financial products
An embedded world is a world where trust is essential and needs to be constantly renewed.
Santander to launch Openbank in the US this year
Openbank is currently live in Spain, Germany, the Netherlands, Portugal and Argentina.
Arizona Financial Credit Union taps NCR Atleos for ATM management
The Phoenix-headquartered credit union has opted for NCR Atleos’ ATMaaS solution.
Revolut to launch operations in Mexico with new banking licence
The UK-based challenger will make its Mexican debut with money transfer services.
Opus CEO Praveen TM on driving AI transformation in banking and payments
Praveen TM, CEO of Opus Technologies: “Innovation is the only way to survive in this competitive market.”
UBS and SuMi Trust joint venture to acquire Credit Suisse wealth management business in Japan
The JV will absorb Credit Suisse’s Japanese advisor base and wealth management assets.
Busey Bank launches commercial credit cards with Corserv
The bank is delivering the cards using Corserv’s account issuer programme.
ECB names participants for new trials to explore settlement of wholesale transactions in central bank money
The testing will begin on 13 May this year, with the aim to explore several potential use cases.
Nubank partners Wise Platform to power new Global Account offering
The bank says its latest offering will be launched fully “in the coming weeks”.
HSBC to sell Argentinian banking arm to Grupo Financiero Galicia for $550m
The deal is expected to be finalised within the next 12 months.
Worldline and Crédit Agricole unveil new merchant payments joint venture CAWL
The joint venture will offer payment acceptance and payment acquisition solutions for merchants in France.
Hybrid digital challenger Ruya Bank readies for debut in UAE
The challenger’s offering combines both digital Islamic banking services and physical community centres.
SAMA greenlights beta launch of STC Bank
The approval by the Saudi Central Bank will see the company transition from STC Pay to STC Bank.
ClearBank rings in first full year of profitability
The London-based fintech says it is now gearing up for an EU-wide launch “later this year”.
First State Bank partners Jack Henry for core processing and digital banking platform
The bank will have access to the vendor’s network of over 950 API-integrated, third-party fintechs.
Is your head in the cloud when it comes to core banking?
Being cloud native and supporting multi-tenancy are key considerations when looking at a new core banking solution.
UAE’s Zand Bank taps Infosys Finacle to bolster its corporate banking capabilities
Zand’s CEO claims the move will enable “seamless deployment of digital assets, AI, and blockchain technologies.”
TD Bank inks multi-year strategic partnership with Google Cloud
TD hopes the partnership will help streamline the development and deployment of new products and services.
BIS unveils Project Agorá to explore the tokenisation of cross-border payments
Project Agorá will see seven central banks work in partnership with several private sector participants.
