New Zealand Bankers Association selects UK fintech obconnect to power the country’s CoP ecosystem
Retail banks in New Zealand will begin rolling out the new CoP service “by the end of November this year”.
BankingTech
Sibos 2024: Achieving the G20’s cross-border payments goals – embracing a balanced approach
How can the global financial industry ensure we meet the G20’s cross-border payment goals?
TD Bank hit with $3bn in fines over AML failures
The $3.09 billion in total fines includes a record $1.8 billion penalty from the US Justice Department.
White paper: Combatting APP fraud – how to build a best-in-class fraud prevention solution
Strategies for banks to combat APP fraud, insights into payment security and protection against threats.
Monzo achieves $5.9bn valuation with employee share sale
This follows Monzo’s June announcement of its first annual profit.
Standard Chartered’s India and South Asia CEO Zarin Daruwala to retire
Standard Chartered says it will provide an update on Daruwala’s successor “in due course”.
ESAF Small Finance Bank replaces FIS’ Profile with Oracle Flexcube as new banking core
ESAF’s implementation of Flexcube has been underway since August.
TSB Bank fined £10.9m by FCA over handling of customers facing financial difficulty
The fine follows an independent review commissioned by the FCA in July 2020.
Italy’s Banca Sella becomes first European bank to launch QR code for the visually impaired
Banca Sella to implement TQ Braille, Arti Grafiche Parini’s tactile identification solution.
Autonomous AI agents: outsourcing decision-making as the new CX paradigm in finance
AI agents are poised to become integral to how we manage and interact with our finances.
Multitude Bank secures €15m majority shareholding in Norwegian digital challenger Lea Bank
The bank’s shareholding is expected to increase to 18.6% if approved by regulators.
Lakeside Bank selects Volante’s PaaS for RTP processing
Lakeside is using Volante’s PaaS for Swift cross-border, RTP real-time, and FedNow instant payments.
You always have the choice to not be that guy
Just because the phone is ringing, it does not mean it is an appropriate time to take the call.
Sibos 2024: The future of sustainable finance – opportunities, challenges, and the road ahead
Sustainable finance is no longer an optional add-on for banks—it is central to their future competitiveness.
Pension management company Indexo launches bank in Latvia powered by Mambu
Mambu’s integration with Indexo Bank has been underway since March last year, and was led by IT solutions provider Fintecor.
NuMark Credit Union teams up with NCR Atleos for branch upgrade
NuMark is transferring “complete responsibility” of its self-servicing banking operations to NCR Atleos.
Digital business bank Grasshopper to buy ACG’s Auto Club Trust
The deal will increase Grasshopper’s total assets to approximately $1.4 billion.
CoreFirst Bank joins NCR Atleos’ Allpoint Network for self-service banking boost
The bank can now offer access to over 40,000 surcharge-free ATMs located throughout the US.
BBVA headed for 2025 token pilot with new Visa asset platform
The bank is leveraging Visa’s new tokenised asset platform, which launched this month.
Webinar | 28 November 2024 | AI in financial services: Navigating the evolving regulatory landscape
Join our FinTech Futures webinar to examine the regulatory landscape for AI in UK finance.
Erste Group in Austria partners Salt Edge for CEE multi-banking services
The bank is to leverage Salt Edge’s account information solution.
Sibos 2024: Building the bank of tomorrow – connecting the future of finance in a rapidly evolving payments landscape
The bank of tomorrow will be defined by its ability to adapt to the pace of technological innovation.
Montana’s Intrepid Credit Union launches digital banking with Alkami
Alkami says the platform will enable the credit union to “foster greater engagement”.
Banking Technology Magazine October 2024 issue out now
Cover story: QUANTUM LEAP OF FAITH – Preparing for the advent of Q-Day.
Swift gears up for 2025 live trials of digital asset transactions
The trials will see banks use Swift to transact interchangeably across asset and currency types.
Global survey report: Privacy in practice 2024
1,300+ data privacy professionals share their views on the pertinent topics in this free global research report.
JP Morgan to bolster community presence with planned hiring spree in US
Chase intends to use the hires to maintain community-level support across 48 of the 50 US states.
HSBC reportedly writes off remaining $5.8m stake in UK fintech Monese
HSBC invested $35 million in Monese just two years ago.
Bank of Hangzhou partners Malaysia’s Maybank to support cross-border businesses in China
The partnership will focus on “enhancing cross-border business and advancing digital innovation”.
Furness Building Society selects Backbase for digital banking overhaul
Furness has chosen to integrate the full Backbase platform, including digital onboarding, assist and banking.
The end of Lloyds Banking Group?
If banking were a race, it would be an ultramarathon. It’s better to be slow and steady like the tortoise.
HSBC launches embedded finance venture SemFi with Tradeshift
SemFi provides embedded payment, trade and financing solutions from HSBC.
Secure Trust Bank’s head of payments and cards to step down
Having joined the bank in 2021, Higham says “the time is coming very shortly to move on”.
FCA fines Starling Bank £29m for sanctions screening failures
Starling was found to have opened over 54,000 accounts for high-risk customers.
Fiserv ends joint venture in Wells Fargo Merchant Services
An SEC 8-K filing says Fiserv expects to receive a “cash payment or assets” for its 40% stake in WFMS.
Demystify Podcast: The evolution of open banking in the UK with Charlotte Crosswell and Henk Van Hulle
An engaging journey into the UK’s open banking, its growing influence, and the exciting possibilities ahead.
Rakbank joins Magnati to launch new SME financing platform in UAE
Rakbank’s underwriting will be guided by real-time transaction data created by Magnati.
Sibos 2024: 24/7 payments processing: the road ahead
In today’s world, the economy runs 24/7. Our payments ecosystem needs to keep pace. But is it succeeding?
Today is not International Women’s Day
Diversity is a fact. Inclusion is a choice. An active, constant, deliberate choice.
Singapore Gulf Bank strengthens C-Suite ahead of launch
SGB is gearing up to launch in November 2024.
