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Top fintech stories this week – 25 January 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Cognizant acquires Finnish IT firm Samlink
Will also build and operate a shared core banking platform for three companies.
Fintech Agora fires up for small American FIs
Start-up offers a digital leap without a core banking revamp.
Gamblers win with Experian affordability check
Can your customers afford to gamble?
Almoayed and Moven go for digital banking advance
Duo team up for fintech ambitions in MENA region.
US challenger bank Newbridge will start spreading the news
It will soon be fintech showtime on Broadway.
Mexican challenger bank Albo raises $7m
Series A funding round led by Mountain Nazca.
Banking Competition Remedies back for seconds
Second Incentivised Switching Scheme application window to open in June.
RIP Microsoft Wallet
Of our elaborate plans, the end. Of everything that stands, the end.
IBM bags $260m banking tech deal in Philippines
Bank of the Philippine Islands speeds up its digital revamp plans.
The subtle art of holding yourself accountable vol 1: future James is busy
Hold yourself accountable on the choices you make and how you follow them up once you have made them.
Barclays raises Rise Growth Investment funds for fintech start-ups
Will offer new investment capital of £10 million per programme.
Shares plummet as Metro Bank misses profit target
That said, the profit before tax of £50 million is much better than 2017.
Job losses loom as Santander closes 140 UK branches
Up to 1,270 staff could be affected by this wave of closures.
Financial software provider Zafin secures $17m funding
Round led by Vistara Capital Partners, Beedie Capital, and Accenture Ventures.
Swift gpi delights in double digit growth
Global payments innovation service’s values also exceed $300 billion daily.
O2 Banking app enters Raisin’s world of savings
Bank will use Raisin’s platform WeltSparen in Germany.
MoneeMint picks Codebase for core banking
Utilising the funding it received in October 2018.
Corelation signs new clients for Keystone core system
Also, Sandia Laboratory FCU ousts 40-year old legacy tech with Corelation’s Keystone.
Lloyds to cut costs with Thought Machine platform move
Bank wants to transfer data to new core system – and job cuts also loom large.
BioCatch joins anti-vishing fight
WTF is vishing? It’s a type of authorised push payment (APP) fraud.
Case study: Isbank and FCase – fraud orchestration overhaul
Isbank, Turkey’s largest bank, drastically reduced fraud and future-proofed fraud operations with FCase.
BNP Paribas and IBM show cloud commitment
They extend their partnership for eight years.
Wahey! Record payment volumes for Pay.UK
UK authority says automated payments hit an all-time high in 2018.
Bankart to go live with Nets instant payments in Slovenia
It’s late but they now have got final approval from the Slovenian Central Bank.
SBI fuels $15m funding in Tangem’s blockchain smart cards
Swiss firm plans to “bring blockchain to people’s everyday life”.
Volt first Aussie challenger to get full banking licence
The digital start-up will focus on smartphones.
ING Bank gets unlimited access to R3’s Corda
Unlimited (blockchain) power!
New Iraqi bank Al Mustashar goes live with ICSFS core system
Platform was launched and rolled out in three months.
Objectway nabs asset management software firm Algorfin
As it aims to establish its dominance in Italy.
Falcon Private Bank unleashes crypto transfers
Swiss bank offering selected cryptocurrencies for private and institutional clients.
Video: fintech news weekly round-up – 21 January 2019
Featuring JAJA, South Korea, Sberbank and R3.
Citi tests out TCS Bancs for core system revamp
EXCLUSIVE. The bank is testing the platform in Singapore.
JP Morgan merges SME, corporate payments and treasury
Creating one big unit dedicated to payments.
Barclays and Santander join £56m funding in MarketInvoice
UK-based SME lender plans fintech-bank partnerships.
FutureFlow and Anorak join Fintech Innovation Lab London
In total, 20 start-ups get selected… and get happy.
Bank of America embarks on corporate banking tech modernisation
EXCLUSIVE. A major revamp with Infosys’ Finacle, it is understood.
Women technologists find their future in commercial banking
An ideal domain for the problem-solving and relationship-building skills that distinguish women technologists.
Allianz Bank goes with Software Group for Bulgarian revamp
A two-year project expected to see results a year in.
