Regulatory reporting automation: mid-size banks face increased regulatory scrutiny
As regulations evolve globally, data has become both an essential currency and a pain point for financial institutions.
BankingTech
Banking Technology December 2017/January 2018 issue out now
In the eye of the storm we provide clarity.
LienVietPostBank goes live on SmartVista paytech platform
Replacing its legacy Electra System with BPC Banking Technologies’ SmartVista platform.
Shawbrook Bank in ClusterSeven risk management heaven
For the management of business-critical spreadsheets.
Schroders first in Singapore to launch asset manager chatbot
Beta version now online operating through Facebook Messenger.
Banking Technology Awards 2017: and the winners are….
The glamorous Banking Technology Awards 2017 took place on 13 December at the elegant Millennium Mayfair hotel in London.
Mambu powering Wenance’s Latin American expansion
Will be using its Software-as-a-Service (SaaS) core banking system.
Unibank becomes Armenia’s first bank to comply with Swift security standards
Unibank is now fully compliant with the required standards of security for the Swift payment infrastructure.
Using artificial intelligence to keep criminal funds out of the financial system
Are you suspicious? This is a key question at the heart of efforts to tackle money laundering: if you work for a bank or other financial institution and have suspicions money laundering is happening, you have a legal duty to speak up.
Emirates NBD appoints chief digital officer, seeks fintech partnerships
Emirates NBD’s new chief digital officer is on the lookout for partnerships with fintechs.
PSD2: regulation as a catalyst for innovation
PSD2 comes into force on 13 January 2018. It aims to open up the European payments market to greater competition and transparency, but its effect will be more far-reaching, acting as a catalyst for innovation not just in payments, but in the wider financial services market.
ECB chooses Unisys for IT operations
Includes IT support and operation of its data centre.
Fintech funding round-up: 13 December 2017
This round-up features Finstar, State Street, FRISS and iZettle.
PR Savings Bank in core banking tech revamp with Temenos T24
Philippine Resources Savings Banking Corporation is implementing Temenos’ T24 core banking and analytics solutions.
Nordea’s open banking goes live in Finland
Nordea has connected APIs to its production system and made its open banking live in Finland.
Path Solutions beats ICS Financial Systems to core banking system deal in Iraq
Al-Rajih Islamic Bank, a greenfield bank in Iraq, has signed for the iMAL core banking system from Path Solutions.
NAB doubles investment in innovation hub
Will also increase hub’s workforce by 70% in 2018.
truePTS post-trade tech right fit for JP Morgan and Citi
Opt to use post-trade processing tech to provide automation to market participants who process derivatives.
UK regulator finally acts as compere for bank account compares
Nothing quite compares to go compare for bank accounts in the UK.
Penta’s on for business bank accounts in Germany
Berlin-based challenger bank Penta has officially launched its business bank account offering in Germany.
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.
