Interview: Transferwise – the power of partnerships
We talk to Transferwise about its progress, with partner banks as well as under its own steam.
BankingTech
Nordea launches instant reporting for commercial break
Bank says this “turns open banking into a commercially viable product”.
Isracard plots banking action with Temenos T24 core system
Credit card company gets ambitious and wants to simplify its systems architecture.
Egypt’s Commercial International Bank ventures into fintech investment land
CIB unleashes CVentures for a national “first”.
Santander smartly acquires invoicing and expenses app Albert
Bank says app is popular among freelancers and micro-enterprises in the UK.
Mastercard picks paytech pal in Polish Payment Standard
Digital, mobile, cards, e-commerce – it’s all happening.
B-Social raises £3m to build a social bank
As it applies for a UK banking licence from the FCA and PRA.
DNB and Danske pump €5m funding into Spiir’s Nordic API Gateway
The parties seek to build their PSD2 infrastructure in the Nordics.
Xinja grows up to be a bank with APRA licence
The Australian regulator has given the bank a restricted authorised deposit-taking institution licence.
Ethoca and Cartes Bancaires alert to fighting fraud
CB Alerts portal helps online merchants collaborate with card-issuing banks.
The case for plugging nature into the economy
How can banks factor in extreme climate events and environmental disasters risks to improve their credit risk ratings?
Starling Bank’s Megan Caywood jumps to Barclays’ ship
She aims to have a bigger impact in the industry through fintech partnerships.
Citi brings in biometrics for treasury platforms
Fingerprint and facial recognition now in for CitiDirect BE.
Mastercard acting up for smartphone payment terminals
Unveils pilot implementation of LitePOS solution with eService.
CivilisedBank name change leaves founder short-changed
EXCLUSIVE. UK challenger bank now called Allica. Founder now trying to make sense of it all.
Hammurabi Commercial Bank in Iraq signs for ICS Banks
As the core banking supplier extends its footprint in Iraq.
Malaysia files criminal charges against Goldman Sachs over 1MDB misuse
Bank denies wrongdoing – charges due to misappropriation of $2.7 billion from bonds.
Mastercard invests $3m in African financial inclusion
The Mastercard Foundation Fund for Rural Prosperity goes to Malawi, Burundi and Rwanda.
Banking Technology Awards 2018: and the winners are…
The Banking Technology Awards 2018 winners announced!
Robinhood steps back from checking and savings launch
Firm says there was “confusion” and now offers cash management instead.
FI.SPAN raises $4m for UK and Australia expansion
Financial services management platform has some extra holiday spending cash.
Evry wins $75m Handelsbanken contract
Evry will provide Software-as-a-Service (SaaS) core banking and payment solutions.
Can automation transform trade finance?
How automation could provide benefits for both bank and corporate clients.
UK banks capable of surviving a “no-deal” Brexit
However, a no-deal situation could leave the UK economy worse off than the 2008 recession.
AriseBank execs fined $2.5m over ICO scam
US Securities and Exchange Commission lays down the law yet again.
Western Union works with TerraPay for mobile mania
In the name of mobile wallet and bank account payouts.
Brazilian challenger Nubank breaks down doors with debit debut
The release is “another piece of the jigsaw that was missing”.
Australian challenger bank Judo powers on with Vermeg regtech
Selects AgileReporter package for APRA requirements.
Robinhood tucks into Galileo for US checking and savings launch
Payments processor powers trading app’s banking move.
BBVA drives first acquisition term loan on blockchain
Closes the loan with Porsche Holding Salzburg.
Top fintech stories this week – 14 December 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Real-time payments: the next big thing in US banking
RTP promises to be the biggest change in US payments since the 1970s.
UAE and Saudi Arabia trial cross-border payments on blockchain
Despite some media reports it’s not a digital currency.
YayPay celebrates $8.4m funding for data science drive
Start-up seeks growth in cash-flow and receivables markets.
Ecobank teams with MFS Africa for digital payments
Customers can now transact with 170 million mobile wallets across continent.
Mayapada Group taps Pohon Dana for lending in Indonesia
Conglomerate pushes into fintech via investment.
Banking tech problems hit TSB and Absa
UK and South Africa united in fintech grief.
Accenture acquires select assets of financial software firm Zafin
Firm looking for more action in legacy IT world.
Revolut gets European banking licence
Will begin operations in 2019.
ShopKeep closes $65m for small business financing leap
Brings US firm’s total funding to just over $72 million.
