ICS Financial Systems and Arab Jordan Investment Bank complete blockchain PoC
PoC done via ICS Banks Blockchain Adapter.
BankingTech
FCA fines Tesco Bank £16.4m for failures in 2016 cyberattack
Regulator cites deficiencies in debit card design and lack of care.
ANZ New Zealand launches Google Pay
goMoney Wallet to be phased out.
Banque de l’Habitat in tech overhaul with Temenos
Tunisia’s Banque de l’Habitat (BH) has signed for Temenos’ T24 core banking system.
Live chat in banking: recording conversations for compliance
Live chat offers a flexible, transparent and secure tool for recording customer conversations.
Vermont FCU enhances banking experience with Gro Solutions
Vermont Federal Credit Union will streamline online deposit and loan account opening.
Tatra Banka enables account opening with a selfie
Tatra Banka has automated customer authentication and onboarding process with Innovatrics’ DOT.
Video playlist: bringing legacy banks into the 21st century
Hear it from the experts at FinovateFall – how can legacy banks make strides to innovate like start-ups?
More downtime for UK’s TSB, HSBC and Barclays
Mobile and internet banking seems to be the issue this time.
Australia’s big banks slammed for greed and dishonesty
Royal Commission roasts them in its interim report.
Societe Generale acquires French fintech Treezor
The firm provides core banking, ID verification and card services.
Cameroon’s Afriland First Bank upgrades to Temenos T24 core system
T24 will replace Sopra Banking Software’s Amplitude system.
India’s fintech firms fight against Aadhaar restrictions
They want access to the biometric database to verify customers.
Avoka invokes app digitisation for First Tech FCU
Digitises account opening for more than 40 offerings at US credit union.
Top fintech stories this week – 28 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
CBD keen to go digital, foster innovation and retain talent
Commercial Bank of Dubai (CBD) has recruited consultancy firm PwC to assist it with its digital transformation.
SEBA receives $103m funding to merge crypto and traditional banking
Investors include BlackRiver Asset Management and Summer Capital.
Bank Central Asia upgrades to digital payments with Intellect
Claims to be the first digital transaction banking solution implemented in Indonesia.
Infographic: London beats NY in job growth
The European finance capital still reigns supreme.
Darktrace sees the light with $50m funding
Cybersecurity start-up now valued at $1.65 billion.
Cashforce powers BNP Paribas corporate banking
Solution connects bank’s treasury department with business and finance.
Openbank launches investment robo-advisor
Santander’s digital banking subsidiary in Spain stays busy.
“Banking solutions for millennials”: a label of doom
Who the hell are these millennials who need help saving $50 per month?
FinovateFall 2018: Best of Show winners unveiled!
Meet the Fantastic Five – the top vote-getters in this year’s Best of Show voting at FinovateFall 2018.
JP Morgan expands blockchain payments network to 75 banks
Expecting to process 14,500 payments per day.
SIA seeks fintech paradiso with new open banking platform
Italian firm wants to embrace almost everyone.
Criminals scam UK finance industry out of £500m
UK Finance reveals facts, figures and fears.
Bitwala raises €4m to build blockchain bank account
Earlybird and Coparion as investors.
Nummo closes $1.9m funding and sets up Advisory Council
The PFM firm aims to expand its offering.
Smart pay solutions for children: what every parent needs to know
Children are swapping piggy banks for prepaid cards and smart payment services.
Tandem Bank adds auto-savings rules
“Improving savings habits is one of the hardest things someone can do.”
CFCU Community Credit Union in tech revamp with Fiserv
CFCU Community Credit Union has signed for a suite of solutions from Fiserv, Digital EdgeSM.
Ugandan Orient Bank taps Profile Software for treasury management
Orient Bank in Uganda has selected Profile Software’s Acumen.
Wells Fargo plans to cut 26,500 jobs
Significant job cuts expected over the next three years, according to CEO.
ING Bank in Romania closes physical cash desks
ATMs will be the only choice to withdraw and deposit cash by the end of October.
Australian Military Bank powers digital transformation with Infosys Finacle on cloud
AMB and Infosys implement SaaS model digital banking suite in ten months.
Open Banking shouldn’t be written off, the revolution is just starting
Realising the benefits that Open Banking will deliver will take time.
India’s central bank shortlists five vendors for data project
The Reserve Bank of India (RBI) keen to harness the power of big data.
Revolut records annual loss but revenue grows fivefold
Revolut’s 2017 revenue stands at £12.8m and customer base at 1.3m.
BBVA’s app shows account activity from other banks
BBVA’s has become the first bank in Spain to offer this service.
