Case study: Live Oak Bank and Finxact – riding the second wave
The US, in particular, is in urgent need of new core offerings to support next generation digital banking.
BankingTech
Halyk Bank Georgia in e-banking tech revamp with Asseco
Asseco Customer Banking Platform now live for retail clients of Halyk Bank Georgia.
Bank of Khyber in new core banking system search
BOK looks to replace the Bank Essentials core from Sidat Hyder.
New bank in Morocco opts for Path Solutions’ iMAL core banking system
Start-up Islamic bank Bank Al-Tamweel Wa Al-Inma (BTI Bank) implements new front-to-back office tech.
OBIE freshens up open banking standards
Version 3.0 covers all products with payment capabilities.
INTL FCStone acquires Swift Service Bureau from PayCommerce
“This acquisition increases our technological infrastructure.”
Wells Fargo wholesale banking unit probed for fraud
US Justice Department checking out bank employees and management pressure.
Valley National Bank goes digitally deep with SAP and Axxiome
Oklahoma-based bank just can’t say no to a major revamp.
Fiserv fires up new digital loan origination system
Maryland-based Hamilton Bank is first bank to beta test it.
UK banks battle to deal with British Airways data breach
Tweets and action fly in fallout from banking and payment data theft.
Payment Cloud Technologies and Tuxedo Money merge in €70m deal
New firm Omnio to offer cloud-based banking and payment services.
Australian challenger bank Judo selects Temenos T24 core system
Bank is looking for SME sector success.
Goldman Sachs hasn’t dropped crypto trading desk plans
Well… this story has been updated.
Top fintech stories this week – 7 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Sberbank and 500 Startups unleash Russian fintech accelerator
Each start-up will receive seed investment of up to $145,000.
Monzo to switch off debit card top-ups
UK challenger bank says end date is 2 October 2018.
UK lender Acorn OakNorth raises $100m in funding
Aiming to reach $5 billion on its lending platform.
UK challenger bank Monese eases into $60m funding
Pushing ahead with its mobile banking plans across Europe.
FIS sells Certegy cheque business
Certegy Check Services sold to Variant Equity Advisors.
SynapseFI raises $17m in new funding
It’s making public what insiders have known for months.
The universal tribe of corporate rebels knows a few things about bicycles
Our job is to persuade organisations to let go of their old bicycle.
UK savings app Numeos gets FCA seal of approval
Start-up is now regulated by Financial Conduct Authority.
Philippine Veterans Bank picks Fiserv front office for digital revamp
The bank is a long-standing user of Finastra’s tech in the back office.
United Bank of Egypt completes Finastra core banking revamp
The selection for retail, corporate and treasury business was made in 2016.
Yandex unveils public cloud platform
Yandex.Cloud hovers into view over Russia.
Norway’s Kraft Bank craftily powers up
Sandnes-based bank plans to offer consumer loans and credit.
NAB adds another $50m to VC fintech fund
NAB Ventures up for more start-up adventures.
Greece’s first challenger Praxia picks Temenos T24 core banking system
As it recovers economically, SME lending can add a boost to the country.
Varo Money on course for first US bank licence
Start-up could be first fintech to receive bank charter from OCC.
MoneeMint to become Europe’s first ethical digital bank
Ummah Finance rebrands as MoneeMint to bring “fresh banking experience” to millennials.
Australia’s banks turned on by Osko for new payments platform
After a six-month delay, Westpac and ANZ are now rolling with it.
ING feels sting of €775m fine for money laundering mishaps
Dutch bank says its “shortcomings enabled customers to misuse accounts”.
Contis gets UK consumer credit licence with Paze acquisition
Also gets a consumer lending system with AI analytics.
UK challenger bank Monzo looks for chief risk officer
“We really care about providing a phenomenal experience for our customers.” OK.
TSB CEO goes as banking woes linger
After seven years as CEO, Paul Pester will leave the bank.
An overview of neobanks in Latin America
To tackle financial inclusion, LatAm’s banking industry needs to undergo changes and disruption.
Deutsche Börse sets up DLT and crypto unit
Also makes an initial investment in HQLAx.
Infographic: Open Banking – progress update
Courtesy of the Open Banking Implementation Entity (OBIE).
MUFG rolls out MIT’s TRAC collateral management system
Will support bank’s commodity trade finance team in London.
Starling launches Nearby payments and insurance advice
Partnerships with Google and Anorak have made this possible.
