Job losses loom as Santander closes 140 UK branches
Up to 1,270 staff could be affected by this wave of closures.
BankingTech
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.
Canada urges blockchain on for digital ID dream
CEO of Canadian Bankers Association makes his case.
Top fintech stories this week – 18 January 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Cyberattack waves wash over West African banks
Problems in Ivory Coast, Cameroon, Congo (DR), Ghana, and Equatorial Guinea.
SocGen may close trading unit due to low profits
As it did with the Hong Kong desk.
Hapoalim first bank in Israel to sign up for Swift gpi
Global payments innovation makes its debut.
South Korea all clear for fintech sandbox
Nation’s Financial Services Commission pushes industry onward.
Snoop Dogg gets “smoooth” for Klarna
New marketing campaign gets weird.
UnionBank in Philippines sets up first digital branch with Appian tech
Offers internet-connected self-service kiosks and virtual reality boxes.
UniCredit on edge of tomorrow with new innovation team
Advisory board blends internal and external specialists.
Glacier Bancorp coolly deploys Roostify’s digital mortgage solution
US regional bank holding company reports “significant increase in online applications” since launch.
Please fit your own mask before helping others: self care tips for corporate change makers
You can’t help anyone if you are unconscious. It’s not selfishness, it is logic and good sense.
Canada calls for open banking answers
Department of Finance Canada awaits your awesome feedback.
Sberbank brings fingerprint payments to Russia’s supermarkets
Starting with Moscow, but will this catch on?
Watch out as ABN Amro runs rings around wearable rivals
Dutch bank offering contactless payments with ring, watch or bracelet.
