Four new clients set to go live on Mbanq’s BaaS platform in Q4 as company reports strong growth
Mbanq says it will support the launch of four new digital banking services in the US by the end of the year.
BankingTech
Banking Tech Awards USA 2024 nominations are now open!
Nominations for the Banking Tech Awards USA 2024 are open until 9 February.
HSBC acquires Citi’s $3.6bn consumer wealth portfolio in China
The deal is expected to close in H1 2024, with HSBC planning to extend offers to “in-scope employees” in China.
BaaS fintech Synapse lays off 40% of staff in fresh round of job cuts
In a statement, Synapse says it has “a strong group in place” to manage its operations and customers.
Can you seek out the line that we cannot see?
If you have the power of the pen but you choose to look the other way, then what hope do the rest of the people have?
Lloyds Bank launches Paperless Guarantee solution to digitise trade finance
The solution seeks to support businesses with the digital issuance of bank guarantees.
Rauva appoints Tomas Oliveira da Silva as chief risk officer
He joins from DF Capital, a UK-based savings and lending bank, where he served as CRO for nearly three years.
Fintech unicorn Slice to merge with India’s North East Small Finance Bank
Its merger with NESFB will see Slice transition into a small finance bank.
American Express to pilot biometrics for online transactions
The biometrics have been developed by the FIDO Alliance and the World Wide Web Consortium.
Is “digital transformation” a redundant concept?
Perhaps it’s time to move on from digital transformation and welcome the new era of “organisational evolution”.
Banc of California joins Rise Economy for $4.1bn community benefits plan
The plan succeeds the bank’s merger with PacWest Bancorp in July, combining assets valued at $36.1 billion.
UK fintech ieDigital acquires CUSO Connect FSS to tap US market
The two companies will become part of the new ieDigital Group, but will, at this time, retain their separate brands in their respective markets
Can core modernisation give your bank new legs?
For banks, core replacement is not the only game in town, with core modernisation being a far less risky option.
National Australia Bank taps US fintech Trovata to launch new treasury solution
The bank’s venture capital fund previously participated in Trovata’s $27 million Series B in June 2022.
Monzo hires former Cash App exec Conor Walsh to lead renewed US expansion push
Walsh previously spent over six years as head of global product at Square’s mobile payment service Cash App.
Banking Technology Magazine October 2023 issue out now
Cover story: NOTHING VENTURED – Tips for raising capital.
Video: JP Morgan at Sibos 2023 – Managing liquidity and risk in today’s economic climate
We chat with Lori Schwartz of JP Morgan about the key challenges surrounding liquidity management for businesses.
Video: NatWest at Sibos 2023 – Payments transformation and innovation
At Sibos, we sat down with Ian Povey of NatWest to discuss the key trends shaping the future of digital payments.
Al Rajhi Bank Malaysia CEO Arsalaan Ahmed departs to pursue “personal ambitions” in fintech
Ahmed played a pivotal role in the launch of ARBM’s digital banking offering Rize last year.
Video: BNY Mellon at Sibos 2023 – The growth of embedded finance
At Sibos 2023, we sat down with Joon Kim of BNY Mellon to discuss the key areas of development in embedded finance.
Motive Partners to manage ABN Amro’s ventures fund as part of new partnership
The ABN Amro Ventures (AAV) fund is comprised of 15 early-stage companies and has €150m in AUM.
Video: Standard Chartered at Sibos 2023 – ISO 20022 and the push for global adoption
We chat with David Rego of Standard Chartered about the switch to ISO 20022 and the progress being made globally.
Mainframes on Mars
What do you think we should do differently as the banking industry on Mars? First, lose the mainframes.
Become a sponsor for the Banking Tech Awards 2023
Working with us as a sponsor ensures your brand is seen by the best and brightest decision-makers in the industry.
Video: HSBC at Sibos 2023 – The importance of sustainable trade finance
At Sibos, we spoke with Vivek Ramachandran of HSBC to discuss the new era of sustainable trade finance practices.
Video: JP Morgan at FinovateFall 2023 – The future of open banking in the US
At FinovateFall 2023, we spoke with Florencia Ardissone of JP Morgan about the growth of open banking in the US.
Video: NatWest at Sibos 2023 – Building standards into green finance
We chat with Caroline Haas of NatWest about the key actions banks can take when it comes to achieving net-zero.
UK’s ClearBank plots international expansion with four new board appointments
The group claims that the appointments will afford it “the governance necessary for success on an international basis”.
Video: BNP Paribas at Sibos 2023 – The global shift to T+1 settlement
At Sibos 2023, we spoke with Camille Papillard of BNP Paribas about whether T+1 will be a good fit for everyone.
Affinity Federal Credit Union expands cannabis banking programme with Green Check
Affinity launched its cannabis banking programme earlier this year to provide CRBs with financial services.
Digital transformations: give yourself permission to start again
If your digital transformation is failing, sometimes you just have to hit the reset button.
Finalists announced for Banking Tech Awards 2023
Take a look at the 2023 Banking Tech Awards finalists!
Webinar | 1 November 2023: Nine strategies for successful digital account opening
Convert new customers into lifetime members with the help of these nine strategies.
Visa taps US security operations provider Expel for MDR capabilities
Expel’s managed detection and response (MDR) solution claims to reduce alert-to-response times “to minutes”.
UBS taps Broadridge for sponsored repo solution
The bank is to integrate its newly-digitised trade flows into its DLR tech stack on Broadridge’s platform.
Nine questions banks should ask a potential core technology partner
Useful tips on finding a partner that provides a balance of exceptional tech and service.
Lloyds Bank taps digital identity firm Yoti for “reusable” digital identity app
The launch comes seven months after Lloyds Banking Group made a £10 million investment in Yoti.
Central Bank of Ireland proposes minimum knowledge requirements for credit union workers
The reforms will take effect from 1 October 2024 and will incur a four year transition period.
Project Mariana successfully completes cross-border settlement of wholesale CBDCs
The project was completed between BIS, Banque de France, MAS and the Swiss National Bank.
GenAI: friend or foe in fraud risk management?
While tech advancements are made with the best intentions to improve our lives, criminals can also use it to their own benefit.
