Standard Chartered teams with Instabase for clever KYC
As the fintech comes out of the bank’s eXellerator.
BankingTech
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Coconut smashes crowdfunding goal in a day
Over £650k raised, from an initial goal of £500k.
Canada’s Zag Bank to be canned
Bank’s shareholder Desjardins Group targets Q2 2019 ending.
Lloyds to up digital game with Thought Machine
Takes a £11m investment – 10% stake.
Fraud foe Fraugster fetches $14m funding
Led by CommerzVentures, the venture capital subsidiary of Commerzbank.
Quantexa goes on data adventure with Accenture
The investment comes with a tech collaboration.
Westpac invests $800m in digital revamp
Includes migration of 100 apps onto cloud infrastructure platforms.
BBVA delivers first syndicated loan on blockchain
BNP Paribas and MUFG also participated in the deal.
“Almost all” Pakistani banks hacked
Pakistani Federal Investigation Agency reveals security breach.
IBM shows off three new bank clients
Bank Zero, Caixa and KB Kookmin are all up for IBM Z or LinuxONE.
Focus Solutions releases financial advice software for FIs
“More than gamified fact-finding.”
TransferWise teams with Dutch digital bank bunq
International money transfer specialist has a new partner in Dutch challenger bank bunq.
UniCredit to launch new customer engagement tool from Meniga
Prototype has now been built and will go live in two months in Serbia.
A two-speed journey: the impact AI and robotics will have on financial markets
Emerging technologies have the potential to revolutionise existing processes.
Three UK and Meniga team for Wuntu Money app
Exclusive from Meniga’s FIN42 event in Iceland.
DTCC starts testing phase of blockchain platform
Project includes 15 of the world’s largest banks.
HSBC Bank USA hit by data breach
Data stolen includes full names, account numbers and transaction history.
Openbank picks AxiomSL for regtech reporting
Includes central bank, trade and transaction reporting.
Emirates NBD debuts API sandbox
Says it’s the first bank in the UAE to introduce such a platform.
Crypto bank Nebeus raises £1m funding
Plans for expansion into Europe, Asia and South America are underway.
Fidor splitting from France’s BPCE
Allegedly due to lots of business clashes and drama.
SPD Bank and Temenos unveil innovation lab
Partnership will enable Shanghai Pudong Development Bank to use APIs.
Lloyds axing 6,000 jobs and creating 8,000 new ones
On the back of its digital revamp strategy.
Webinar: Customer-centric transformation in digital account opening
Join us on 27 November for a live webinar with OneSpan!
RBS tests its SME digital entity Mettle
New standalone entity is looking for early access applications.
London-based bank Dozens about to launch
Previously called Project Imagine.
Fintech Meniga gains new investor, Islandsbanki
Meniga has received a €3 million investment from Islandsbanki.
Absa Group and MTN enable POS mobile wallet payments
The service has only launched in Ghana, so far.
PNC to equip commercial clients with Giact’s ID verification tech
Giact Systems and PNC Bank say they have formed a “strategic alliance”.
N26 and Rasa to launch extra languages and features for its chatbot
N26’s chatbot is already live in English in both Facebook and Salesforce.
Experian launches Experian Credit 3D for insightful credit scoring
Offering a long-term view of a customer’s finances.
Ahli United Bank signs up for retail payments with AFS
Utilising Android as PoS.
ITS gains first core banking system client in Tajikistan, Sohibkorbank
Sohibkorbank to implement ITS’s flagship Ethix core banking system.
HSBC and ING in industry-first blockchain trade finance transaction
HSBC India, ING Bank Brussels, Reliance Industries and Tricon Energy experiment with blockchain.
Mobile banking case study: Alfa Bank Belarus
How Alfa Bank Belarus tripled the number of retail banking customers by embracing mobile.
NAB to migrate 35% of IT portfolio to cloud
As well as shutting down 15-20% of its IT applications.
Natixis signs up with Fenergo for client management
Fenergo CLM will be rolled out across Natixis’ Corporate and Investment Banking division globally.
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
European Banking Federation calls for reporting regulation review
Current regulation makes reporting inefficient and discourages communication, EBF says.
