NBC and JP Morgan test debt issuance on blockchain
Consultancy firm Synechron provided business and technology consulting for the project.
BankingTech
FNB to launch m-wallet for South Africa’s underbanked
FNB estimates the size of the market for its m-wallet service at over 11 million people.
Swedbank invests €3m in banking tech vendor Meniga
Swedbank is also Meniga’s client.
Wells Fargo whacked with $1bn fine for lending violations
For US auto-loan administration and mortgage practices.
Mechanics Cooperative Bank in core banking tech revamp with Finastra
Mechanics Cooperative Bank will implement Finastra’s Fusion Phoenix core banking system.
Redwood Bank first in UK to put core banking tech on Microsoft Azure cloud
UK’s first 100% “born in the cloud” bank goes on the record about its tech and providers.
Ireland’s central bank to launch fintech innovation hub
News uncorked in a speech in Cork.
Sella Open Fintech Platform to buy Vipera for $34m
Mobile financial services company Vipera to be acquired by Sella Open Fintech Platform (SOFP).
Digital Asset seeks DLT domination with developer programme
DAML not in distress, just seeks the best.
Fiserv fuels Siscoop’s Mexican banking scoop
First to enable digital and mobile banking for credit union members.
Top fintech stories this week – 20 April 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Customers Bank moves to FIS’s IBS core banking system
US bank was previously using Fiserv’s DNA platform.
TSB ditches Lloyds to migrate to new tech this weekend
Moving customer data from Lloyds’ legacy tech to a new in-house platform, Proteo4UK.
More API success in Portugal for PaymentComponents and Infosistema
Caixa de Crédito Agrícola Mútuo da Chamusca signs up.
First pilot client transactions executed on Batavia trade finance platform
IBM and big banks’ blockchain initiative makes progress.
China Construction Bank opens robot-run branch
No human staff to be seen in this robotic dream.
Zafin makes Empire Startups pact for more US banking contacts
Relationship banking solutions provider wants more relationships.
Tink unveils API developer platform
Swedish fintech Tink has introduced its API developer platform.
The mythology of emergent tech: confusing reality with preference
Banking is a tech business.
First official bank comes to Malawian refugee camp, Dzaleka
The organisers describe the initiative as a “world-first”.
Crypto-friendly Arival seeks US banking licence
“God bless me.”
TransferWise joins UK’s Faster Payments system
First non-bank payment service provider to directly access system.
OK Google, says OCBC Bank
OCBC Bank has delivered another “Singapore’s first” in collaboration with Google.
Emirates NBD goes blockchain for its “Cheque Chain”
Integrates blockchain technology into bank-issued cheques.
BBVA to invest $50m into Chinese venture capital fund
The fund has a special focus on artificial intelligence.
U Account unveils cash pay-in for current account customers
50,000 customers feeling fine with sublime cash pay-in time.
Openbank extends Temenos deal to wealthtech
Openbank has extended its contract with Temenos to include the latter’s wealthtech offering.
Metro Bank sets its Insights on Personetics’ AI
Will be used for money management through bank’s mobile app.
The relegated bank – a positive scenario?
Bank executives should actively consider the “relegated bank” scenario as a potential option.
Barclays UK Ventures in pursuit of innovation
BUKV will work as a start-up, will partner with fintechs and invest in them.
OCBC Bank Singapore’s first in instant digital card issuing
Within minutes of applying for an OCBC Bank card, you could be using it via Apple Pay.
Moneyhub integrates with Monzo and Starling; Yolt reaches customer milestone
Integration galore – it’s all about open banking.
NZCU South migrates to new core banking system, Oracle Flexcube
Project part of broader core banking replacement programme.
Open banking, PSD2, and the urgent need for banks to “think different”
How can banks think differently and remain competitive in the era of open banking?
Where top European banks are investing in fintech – CB Insights
European banks are investing in wealthtech, lendtech, paytech, regtech and blockchain.
Agreement Express lands investment from Frontier Capital
Account onboarding specialist Agreement Express receives its second round of funding.
Regions Bank invests in lendtech firm Lender Price
The California-based mortgage tech firm gets equity funding from Regions Bank.
PeoplesBank rolls out new digital banking strategy with Gro Solutions
PeoplesBank plans to make the new Gro services available later this year.
Town Square Bank in core banking tech revamp with Jack Henry
The Silverlake core banking system will support retail and commercial banking operations at Town Square Bank.
Atos in strategic partnership with low-code development platform OutSystems
Accelerating digital transformation initiatives.
