Goldman Sachs loses $3bn over three years on platform solutions business
Reuters reports the firm outlined a pre-tax loss of $1.2bn for the first nine months of 2022.
BankingTech
Chief strategy and digital officer of Banque Saudi Fransi departs
He describes his tenure at BSF as an “amazing four years” in a LinkedIn post about his departure.
State Bank of Pakistan names five successful digital bank applicants
The country’s central bank and regulator expects these new digital banks to promote financial inclusion.
Tyme Group opts for Mambu’s core banking tech for Philippines’ GoTyme Bank and future banks across Asia
Mambu’s platform enabled a “lift and shift” of Tyme Group’s digital bank concept from South Africa to the Philippines.
Callsign’s chief commercial and strategy officer Amir Nooriala leaves
Nooriala says he is “taking a step back from day-to-day operational roles in tech start-up land”.
Banking on youth: How can banks and fintechs maximise the opportunity around junior accounts?
Looking for competitive analysis and comprehensive on the junior accounts and child-oriented money apps? We have it!
Temenos in leadership shake-up as CEO and chairman step down
Under the new leadership, Temenos says it will focus on SaaS opportunities, including in the US.
Hadhramout Commercial Bank opts for ICS Banks core banking system
Hadhramout Commercial Bank (HCB) is a new universal bank in Yemen.
2023: the final countdown for incumbents versus challengers
If incumbents fail to adapt in 2023, challengers could gain the lion’s share of the market once and for all.
American Express buys Israeli B2B payments automation start-up Nipendo
Amex plans to “integrate Nipendo’s team, technology and capabilities” to boost its B2B payments offerings.
Video: Highlights from the latest Banking Tech Awards
An incredible evening with nearly 500 guests celebrating the best and brightest in banking technology and fintech.
FCA fines Al Rayan Bank £4m for inadequate AML controls
Al Rayan did not dispute the FCA’s findings and agreed to settle.
Winners and losers for 2023
Let’s kick the year off with a look at where the winners and losers will come from over 2023.
JP Morgan sues Frank founder for allegedly inflating user figures
JP Morgan acquired the student loan application fintech for $175 million in 2021.
Wall Street heavyweights BlackRock and Goldman Sachs cut jobs
The cuts amount to around 6.5% of the total staff headcount at Goldman and less than 3% at BlackRock.
Tide names Meta’s Vinay Ramani as new chief product officer
Ramani says he is joining Tide at a “critical juncture in its plans to globalise”.
Tap Global becomes UK’s first listed crypto exchange services provider
Tap Global raised £3.1 million from listing on the UK-based Aquis Stock Exchange.
Remember the place of pain… to avoid it
Hold onto the pain to remember to avoid it. That’s what learning looks like.
Germany’s Gen Z neobank Ruuky files for insolvency
The neobank has assured customers that all their funds are secured and its app is still “fully accessible”.
Fintus acquires fellow German fintech Finstreet
The acquisition follows an investment from AnaCap Financial Partners into Fintus.
Progressive Building Society taps Jade ThirdEye to fight financial crime
Progressive says it wants to enhance its ability to detect money laundering and financial crime.
The art of preventing APP scams
Banks need to leverage more insights from more data to effectively prevent APP scams.
L&N Federal Credit Union taps Jack Henry for tech upgrade
With Jack Henry’s tech, L&N FCU plans to continue expanding its services while maintaining its “hyper-local approach”.
PayTech Awards 2023 now open for nominations
PayTech Awards are open to banks, financial institutions, paytech software & services providers worldwide.
The Nottingham appoints Anthony Murphy as CFO
Murphy will join NBS in March, leading the firm’s finance team and tasked with driving its strategic growth.
Radu Topliceanu named as new head of digital bank Mashreq Neo
Mashreq Neo is the digital offshoot of UAE’s Mashreq – “a bank for a brilliant new world” – launched in 2017.
Axis Bank taps Open to launch digital current accounts for businesses
Axis Bank says its new product will help save customers time and effort with a fully digital authentication process.
Digital resilience being taxed by tools? Time for a DevSecOps platform strategy
Firms’ DevOps practices are underperforming at precisely the time they must up their game on resilience.
CTBC Bank in banking and wealth management tech revamp with TCS Bancs
TCS says its core system will “support the bank’s growth aspirations over the next decade”.
Taiwan’s challenger Next Bank launches on Temenos core banking tech
Digital-only Next Bank is backed by Taiwan’s largest telecom operator, Chunghwa Telecom.
Exclusive global launch of Leda Glyptis’ book, “Bankers Like Us: Dispatches from an Industry in Transition”
An evening of unveiling Leda Glyptis’ book, Bankers Like Us, not to be missed!
How the cloud helps companies reach their ESG goals while embracing a global outlook
Cloud-based core banking can help banks get leaner and greener.
IDC report: New data sources and innovative AI redefining the business of lending
How technology advancements and new data sources, including alternative data, are pushing the boundaries of borrowing.
Guide: Life in 3D – using alternative data to power credit risk decisioning
Alternative data has the power to assist in achieving growth and expanding your business.
eBook: Back to the future – 8 features of fast and future-proof BNPL technology
Discover what tools you need to get ahead and stay ahead as BNPL grows its market share.
eBook: SME lending – the road to real-time approvals
Accelerate your SME lending with quick credit approvals.
Guide: Simplified AI – level up your risk decisioning
How to simplify your artificial intelligence (AI) decisioning journey and move beyond the hype in under 60 days.
US agencies outline risks of crypto to banking system
In a year marked by “significant volatility”, the agencies highlight a number of risks banks should consider.
Bankers like us: there’s no stopping us now
Yes yes yes: I wrote a book! It is written, ready, and will be in your hands in the next few weeks.
DLT in 2023: out of the blocks
What does 2023 have in store for distributed ledger technology (DLT)?
