Penta’s on for business bank accounts in Germany
Berlin-based challenger bank Penta has officially launched its business bank account offering in Germany.
BankingTech
NetGuardians teams up with Masaref Business & Systems Consulting
Will bring the Swiss fintech’s anti-fraud solutions to FIs in the Middle East.
Commerzbank and HSBC partner for securities settlement
Commerzbank and HSBC Transaction Services have formed a new partnership for securities settlement.
Two more US credit unions join Fiserv in tech revamp
Illinois Educators Credit Union and Members Financial select Fiserv for their tech overhauls.
Report: Global security spending will top $96bn in 2018
New regulations are forcing enterprises to spend more of their IT budgets on security.
Blockchain and Bitcoin round-up: 8 December 2017
The latest features IOTA, Microsoft, Indonesia’s central bank and Australian Securities Exchange.
Five US credit unions in core tech revamp with Fiserv’s DNA
Five credit unions in the US have opted to implement Fiserv’s DNA core processing platform.
Fifth Third Bank chooses FIS for real-time payments
US-based Fifth Third Bank has chosen FIS to enable real-time payments (RTP) for its customers through The Clearing House’s (TCH) payments system.
Startupbootcamp launches Scale innovation programme for start-ups
Startupbootcamp has unveiled the launch of Startupbootcamp Scale, an innovation programme for growth stage start-ups in emerging markets.
Survey report: UK bank account opening comparison
Have any UK high street or challenger banks made the jump to 100% digital onboarding?
Alior Bank to launch fintech accelerator
Alior Bank has unveiled its acceleration programme for technology start-ups using the OpenAPI environment based on IBM technology, implemented by business solutions developer Tuatara.
What is the future of digital cash?
The recent World Economic Forum (WED) report “Sweden could stop using cash by 2023”, says that the country is moving towards favouring cards and mobile payment apps. Yet retailers are expected to accept cash for at least a couple of years afterwards.
Top fintech stories this week – 8 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Fintech Connect Live 2017: the unleashing of AI and ML
Fintech Connect Live 2017 is a gathering of some of the biggest players in the fintech. With the looming rise of open banking and the cryptocurrency surge, it’s the smaller start-ups and innovators of smart technologies in banking that are making headway with use of artificial intelligence (AI), machine learning (ML).
Deloitte: passwords about to become a thing of the past
New research from Deloitte has pointed the finger at biometrics for one of the big trends of 2018 as we start to forget our passwords
Al Baraka Banking Group signs for Path Solutions’ iMAL core banking system
Bahrain-based Al Baraka Banking Group (ABG) has signed to implement the iMAL core banking system from Path Solutions at four of its 15 international subsidiaries.
UK university reveals security flaw in millions of banking apps
Researchers from the University of Birmingham in the UK have found a security flaw that put ten million banking app users at risk.
Jaywing the Archetype with new AI risk tech launch
Risk and data science firm Jaywing has unveiled Archetype, a new risk technology product that uses artificial intelligence (AI), machine learning and deep neural nets to help lenders generate statistical models.
Andromeda botnet dismantled by international law enforcement coalition
A group of international law enforcement agencies, including the FBI, are claiming a victory over the massive Andromeda botnet, which infected at least one million PCs each month and spawned a wave of malware families.
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White paper: eIDAS and e-signature – a legal perspective
In this eIDAS paper, legal expert Lorna Brazell of Osborne Clarke LLP explains electronic signatures under the EU’s new Electronic ID and Trust Services Regulation.
E-book: Four key benefits for credit unions
Read the e-book to learn how DocuSign helps credit unions increase speed, decrease errors, lower operating costs, and grow their business.
E-book: In-Memory Computing for Financial Services – Part 2
New financial services challenges – are you ready for Modern Payments Systems, IoT and blockchain?
BPCE targets revenue growth with €600m digital revamp
BPCE, the second largest banking group in France, is seeking revenue growth and expansion with a new €600 million “TEC 2020” digital transformation plan.
Fintech funding round-up: 4 December 2017
Coming straight after Friday’s (1 December) fintech funding action, here’s another round-up to take the Monday blues away. This round-up features Oakam, KeyBank, Snapsheet, Payrailz and Elsen.
Kuzzle to launch retail digital banking solution
Technology start-up Kuzzle, the open-source backend solution for mobile, web and internet of things (IoT), will launch its latest solution for digital banking at FinTech Connect Live in London.
Tungsten Network and BNP Paribas e-invoicing takes away pain in supply chain
Tungsten Network will work with BNP Paribas to offer e-invoicing linked receivables purchase and e-invoicing linked supply chain finance (e-SCF) to large corporates in the US and Canada.
Itaú Unibanco in wealthtech revamp with Temenos
Itaú Unibanco, Latin America’s largest banking group, has signed for a new core banking solution – Temenos’ T24 – for its international private banking business.
UBS turns to fundinfo for fund data procurement
Private banking giant UBS and its fund platform Fondcenter have commissioned fundinfo to procure and source fund data from fund providers and asset managers.
Oracle FSS launches new version of Flexcube core banking system, V14
Oracle FSS has unveiled the latest release – V14 – of its flagship core banking system, Flexcube.
Moneythor supplies PFM tech to Orange Bank
Moneythor, a Singapore-based fintech firm, has deployed its digital banking toolkit and personalisation engine at France’s new mobile bank, Orange.
First Bank chooses Crmnext’s human touch for branch revamp
North Carolina-based First Bank has selected Crmnext’s customer relationship management (CRM) solution for a branch overhaul.
E-book: Realizing value in mortgages with eSignature
Closing more loans and realizing revenue more quickly is every lender’s goal. But if you’re operating with costly, time-consuming paper-based processes, that goal will be impossible to achieve. The only viable option is to part ways with paper and partner with a digital solution.
Cybersecurity needs to be a global and coordinated effort
Recent cyberattacks, such as the October 2017 Swift attack, show how vulnerable financial firms across the globe are to the machinations of hackers.
WePay to power payments for Volusion
Having finalised its acquisition of WePay, JP Morgan Chase announced that it has already put the payments platform to work: powering commerce platform Volusion, reports Finovate (Banking Technology’s sister company).
HooYu to provide verification services for UK challenger bank Countingup
Challenger bank Countingup is the latest firm to call on London-based HooYu for its innovative identity confirmation services.
New live site for ICS Banks core banking system in Iraq
Al-Thiqa Islamic Bank has gone live with new core banking software, ICS Banks, supplied by ICS Financial Systems (ICSFS).
Barclaycard building digital bank in US
Barclaycard is rebranding itself to Barclays in the US as part of its retail digital banking strategy in 2018.
BS/2 and VisionLabs fool fraud with faithful facial recognition tech
BS/2, a Lithuanian banking technology company, and VisionLabs, a face recognition software provider, have teamed up to fight financial crime by offering contactless identification for self-service terminals. The duo will offer an integration solution – using BS/2’s ATMeye.iQ, a self-service video surveillance and fraud prevention system, and VisionLabs’ LUNA face recognition platform. The solution uses […]
Fintech funding round-up: 1 December 2017
Who doesn’t love a trilogy? Following on from the round-ups on Thursday (30 November) and Tuesday (28 November) here’s another slice of fintech funding action. Features Deposit Solutions, Hanson Robotics’ Sophia, and BNP Paribas Asset Management. Germany’s Deposit Solutions, an open banking platform for deposits, has closed an investment round of $20 million led by […]
