Sibos 2024: Digitising trade finance with HSBC – video interview
We explore the next evolution of trade finance with HSBC’s Vivek Ramachandran.
BankingTech
Kenya migrates national payment system to ISO 20022
ISO 20022 facilitates communication between different financial systems and institutions globally.
Sibos 2024: AI and the human-centric future of financial services
To be future ready will require us to be not only data-ready, but empathy-enabled.
Embedded finance provider Solaris embarks on “new chapter of transformation”, says CEO
CEO Carsten Höltkemeyer says BaaS provider Solaris is “at a pivotal moment”.
Banking Tech Awards USA 2025 now open for entries
The deadline for entries is 7 February 2025.
Santander’s Openbank launches in the US
Santander says Openbank will initially offer US customers “a competitive high yield savings product”.
Demystify Podcast: Demystifying Lloyds’ new branding and mobile app with Gemma Daley and Suresh Balaji
In this podcast episode, Dave and Dharm chat with Lloyds Banking Group’s Suresh Balaji and Gemma Daley.
Bank Rakyat Indonesia taps Nium for international money transfers
Bank Rakyat Indonesia operates over 7,150 branches and reported approximately $4 billion in profit for 2023.
Sibos 2024: The evolution of connectivity and preparing for what’s next
When it comes to the future, now is the time for planning and action.
Canada’s imminent regulatory changes require PSPs to register
The Bank of Canada explains the new regulations for Payment Services Providers (PSPs).
OCC announces enforcement actions against four US banks
The OCC has released its latest list of enforcement actions taken against US banks in recent weeks.
Kuwait Finance House taps Gieom to digitise policy and procedure management
The integration will enable KFH to create role-based business process flows.
NBS Bank swaps Temenos T24 core banking system for Oracle Flexcube
NBS Bank is a mid-size financial institution offering retail, SME and corporate banking services in Malawi.
Zenus Bank launches global BaaS offering following Tuum tech integration
Zenus Bank says it has integrated Tuum’s Accounts and Payments modules into its tech ecosystem.
National Bank of Fujairah expands iGTB partnership to implement eMACH.ai Cloud on Microsoft Azure
iGTB debuted its new Microsoft Azure-managed digital transaction banking solution earlier this month.
Daily News at Sibos 2024
Download your free copy of the Daily News at Sibos publication today!
Incumbent banks are far from over
It’s easy to get carried away with focusing on just agility and change/innovation.
Nutmeg State Financial Credit Union taps Alkami for digital banking upgrade
The Connecticut-based credit union will deploy Alkami’s Digital Banking Platform.
Banking Tech Awards 2024 finalists revealed!
We are delighted to share with you the shortlist for FinTech Futures’ Banking Tech Awards 2024.
Philadelphia’s Citadel Federal Credit Union agrees to pay $6.5m to settle allegations of redlining
This settlement is the DOJ’s first redlining resolution with a credit union.
Capital One commercialises AirKey authentication technology for financial institutions
75 million Capital One cards are currently equipped with the technology.
Morocco’s CIH Bank taps Backbase for Engagement Banking platform
CIH Bank will use the platform to onboard both local customers and Moroccans living abroad.
What we did about it
Of course there is a problem. And we are survivors. So let’s talk about it in terms of what we’ve done about it.
Sibos 2024: From paper to pixels – the future of international trade
The move towards digitalisation in global trade is not just a trend but a necessary evolution.
Navigant Credit Union partners Baker Hill to boost commercial loan operations
Baker Hill’s Commercial Lending solution will be integrated directly within Navigant’s Fiserv DNA core.
Barclays signs agreement to become exclusive issuer of GM credit card programme
The bank will replace Goldman Sachs as the issuer of the US automotive giant’s credit card programme.
Santander UK enters open banking payments partnership with Token.io
Customers will now be able to make direct A2A payments from external accounts to repay credit cards.
Sibos 2024: A delicate balancing act – addressing the ‘speed vs security’ dilemma in cross-border payments
In today’s world, customers are constantly demanding faster and more convenient cross-border payments.
SoFi secures $2bn deal with Fortress Investment Group to expand loan platform business
The deal will help fuel the company’s personal loan origination activities.
BaaS is dead, long live BaaS 2.0
As the sector evolves away from the wild west of BaaS 1.0, it can enter its more responsible era.
Citi and Mastercard collaborate to enable cross-border payments via debit cards
The partnership will enable cross-border payments to Mastercard debit cards in 14 receiving markets.
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”.
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.
