StanChart first in Hong Kong for digital savings account on-boarding
HKID security features validation and facial recognition.
BankingTech
Credit Union Australia offers app with personal touch
Allows customers to pick a personal bank advisor.
Migrants bank Rebtel targets US launch
Swedish bank is for an “overlooked and undervalued customer in mind – migrants”.
NCB Employees Co-operative Credit Union in tech revamp with Smart Solution
Jamaica-based NCBECCU will replace its legacy tech with Smart Solution’s Universa core banking system.
Banking-as-a-Service: why IBAN is key
The IBAN capability BaaS platforms will become the key driver of flexibility and growth.
Norwegian Finance targets European banking expansion
Acquires shares in Irish company Lilienthal Finance to make this happen.
Money Dashboard brings ML magic to GoCompare
Scottish firm clearly not riled by GoCompare’s awful adverts.
Metro Bank keeps on digital with international payments
Easily done through the app, not a branch.
Digital security firm Trustology gets $8m funding
ConsenSys’ cybersecurity baby is doing well.
Banco Sabadell’s InnoCells moves on Mexico with UnDosTres investment
The bank’s corporate venture arm picks a paytech.
Sberbank in three-way repo deal on blockchain
Joined by National Settlement Depository and Brokerage Company Region.
Feedzai fighting financial crime with Risk Ledger
“Our goal has always been to make it harder and harder for fraudsters to hide.”
Top fintech stories this week – 7 December 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
KKR leads $100m funding round in Cross River Bank
New Jersey-based bank plans expansion abroad.
Swift adds information check pilot for gpi payments
The pilot for global payments innovation starts with 14 banks.
Airtel Nigeria plans payment service bank
Telco seeks out nation’s mobile market.
Avaloq and Gazprombank go crypto for wealthtech
The bank will offer crypto-asset investments from mid-2019.
R3 and European banks complete euro commercial paper transaction
Second attempt with Commerzbank, ING, Natixis and Rabobank.
CUNA Mutual Group acquires lendtech Mirador
US firm aiming for digital lending market for credit unions.
HSBC releases robo-advice and investment service
Only for customers with some money to invest.
Aegon banking tech overhaul Ohpen-s the throttle
Migration of savings and investment accounts powers on in Netherlands.
Bank Islam Brunei Darussalam goes with Rambus for digital payments
Focusing on security and privacy through tokenisation.
Raisin UK now offers account courtesy of Starling
UK challenger bank’s Banking-as-a-Service sees its results.
Kuwait plots payment system and digital Dinar
Central bank will take its time with fintech initiatives.
Itaú, Wells Fargo and StanChart make $100m club loan on blockchain
Proof of concept used R3’s Corda Connect platform.
Job losses in Lithuania as Barclays hands ops centre to HCL
End of an era and not all employees will get a job at the Indian firm.
US regulators rouse banks to AML innovation
Banks get love and tech support to strengthen the financial system.
Banking Technology December 2018/January 2019 issue out now
Does fintech dream of electric leaps? Brightness and brilliance within.
Trading firm Imperative Execution kills it with $9m funding
Follows a $5m investment round last year.
Polish BGŻ BNP Paribas goes digital with Backbase
Bank pushes its revamp and wants to link up with fintechs.
E-book: Become the responsive bank
Why embracing the latest technology can increase brand advocacy and customer acquisition.
ISO 20022 not snowed under by icy responses
Bank of England says responses to messaging standard were “largely supportive”.
Italian banks’ blockchain project picks up pace
More banks, more data and more news for Spunta Banca Project.
European Council seeks better AML game
It has released an action plan to tackle this crime.
HDFC Bank’s app upgrade goes sour
The app simply didn’t work at launch.
Paytech Verrency brings life to mobile bank Liv
Multi-year agreement means Liv will use Verrency’s cloud-based payments.
Axyon AI bags €1.3m from European banks
UniCredit and ING Ventures are keen investors and partners.
Q2 acquires Gro Solutions
Digital banking solutions firm buys account opening technology provider.
US tech watch: Gradifi, Numerated, Jibo, Corvus, Botkeeper
Boston bosses this one. A wave of cash for finance and insurance tech start-ups, and a robotic assistant goes dark.
Becoming a digital bank
Digital transformation must be a far-reaching and whole-hearted undertaking.
