A three-fold approach to successfully digitising a microfinance business
MFIs must “go digital” to thrive, but what steps they have to take to achieve this?
BankingTech
New Aussie neobank Up is alive and kicking
Promising “never-seen-before” features.
Tencent invests $180m in Brazilian challenger Nubank
Takes the bank’s valuation to a lively $4 billion.
Aussie challenger Volt taps into PayPal’s customer base
Partnership allows PayPal’s customers to share login with Volt.
Denmark’s regulators investigated over Danske Bank €200bn AML breach
European Banking Authority is taking money laundering more and more seriously.
WB21 bank boss faces lawsuit by US regulator
WB21 bank boss faces lawsuit by US regulator
Westpac stays mobile to check cheque’s death march
“Cheques are often considered a thing of the past.”
Haball, 1Link and Meezan Bank partner for B2B payments in Pakistan
Haball the aggregator, Meezan on settlements, and 1Link on processing.
Argentine Banco Galicia opens up Starbucks bank branch
Following Santander’s coffee + banking branch opening in Chile.
Czech bank Moneta to acquire Home Credit for €767m
Will get its hands on consumer finance provider and retail challenger bank.
HKEX takes no risks with Nasdaq tech
Hong Kong Exchanges and Clearing rolls out risk solution.
New Development Bank goes live with TCS Bancs for Treasury
Picked for its range of asset classes and cloud-based systems.
Innovation through human-centered design
FirstService Residential and Capital One talk about their enthusiasm for human-centered design.
Bank of Punjab live with new core banking system, Oracle Flexcube
Government-owned bank in Pakistan implements a new core banking system.
Customer experience tech Glassbox achieves $25m funding
Investors include Updata Partners, Ibex Investors, CEIIF, and Gefen Capital.
Bank of America launches cross-bank feature for app
Available for associated banks: Bank of America, Merrill Lynch, Merrill Edge and US Trust.
Curve rolls out Amazon cliché in $50m funding quest
The “Amazon of banking”. Whatever.
The ID Co in good mood with NoMo Money app launch
An app with a “healthy dose of personality”.
Challenger bank N26 begins beta launch in UK
The Germanic one revealed its plans back in November 2017.
Daon inks deal with South Africa’s Capitec Bank
Bank will use Daon’s IdentityX platform to develop new authentication solutions.
Top fintech stories this week – 5 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Cryptocurrency ATMs in Argentina take the peso
On the way and set to exploit peso volatility.
Danske Bank sets date for wearable testing
FastPay gears up for contactless payments.
SBI Ripple Asia launches MoneyTap in Japan
Ripple-powered payments app offers real-time settlement.
FIS and Banco Bradesco stay friends as JV ends
Love lingers as they plan to expand commercial relationship in Brazil.
Danske Bank talking to US over €200bn money laundering case
Department of Justice would like to ask some questions.
UK regulators approve CYBG’s takeover of Virgin Money
The CYBG brands will disappear as the new entity will unite under the Virgin Money name.
Kooltra coolly collects $5m funding for FX automation
Canadian cloud platform plans UK and US expansion.
Independent Financial Partners finds Agreement Express agreeable
IFP will use Agreement Express’ Automated Broker Transitions platform.
Fiserv and DadeSystems unleash automated A/R
Making account receivables less manual.
Existential crises and procurement: the real question behind build/buy/partner
Start with deciding what is core and what is key to delivery, survival and business viability.
Banking Technology October 2018 issue out now
The tree of fintech life: growth, gains and generations.
Case study: Home Credit – to its credit
Life is good at the heart of Europe.
Europol teams with Cyber Defence Alliance to fight fraud
To share intelligence on cybercrime activities.
Societe Generale seeks start-ups for Global Markets Incubator
Focusing on fintechs working on market activities.
Nexo Standards Annual Conference: equality and fraternity
Paytech news from the Paris show.
Banco Sabadell acquires online payments firm PayTPV
Spanish bank’s investments keep growing.
Emirates NBD to launch chat banking via WhatsApp
Bank says it is first in region to integrate its core systems with WhatsApp.
Why diversity and inclusion is good for business
What do diversity and inclusion really mean?
Haufe Group takes stake in German challenger bank Kontist
Berlin-based firm also gets Series A funding.
