Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs
The loan consists of a $130m credit facility and $30m from the Africa Growing Together Fund (AGTF).
BankingTech
Sohar International’s chief transformation officer Ewan MacLeod resigns
MacLeod joined the bank in February 2020 following a three-year stint at Nordea.
JP Morgan and Mastercard team up to launch Pay-by-Bank solution
The solution is currently in the pilot stage with a rollout expected sometime in 2023.
Not all banks are created equal
Digital banks are setting themselves apart from the incumbents and ushering in a new age in banking.
Spanish banking sector to explore use of digital euro
Financial institutions will analyse the technical, operational and business implications of a digital euro.
DFSA fines Bank of Singapore $1.1m citing inadequate AML controls
The regulatory authority also says that the bank acted outside the scope of its DFSA licence.
E-book: Building the data-driven future of financial services
Learn how to harness the power of data to drive continuous innovation.
White paper: Shaping the future – artificial intelligence for financial services
Now is the time to build the skills and infrastructure to make AI a successful part of that future.
Are the machines coming for your job? Probably!
Generative AI may soon be able to build platforms or design new products in the financial services industry.
Vietnam’s Sacombank taps Temenos for digital banking platform
Temenos Infinity will allow Sacombank to acquire, retain and cross-sell to customers across multiple channels.
A good girl’s guide to bad times
If your business survives, emerge from the storm and kick the tires. Learn from this.
UAE’s Wio Bank goes live on Mambu’s cloud banking platform
The challenger says it chose Mambu’s API-led cloud platform to achieve a “faster” time to market.
Standard Chartered and UpSwot launch pilot for SME business analytics solution
The solution will provide the bank’s SME clients with data-driven insights and forecasting capabilities.
ABN Amro taps BNP Paribas to optimise front and middle office connectivity
BNP Paribas’ solutions will be connected to ABN Amro via the BlackRock Aladdin platform.
With tech giants going passwordless, will banks be ready to meet new consumer expectations?
With the rise of passkeys, Big Tech firms are paving the way for a passwordless future.
Report: The state of payment operations 2022
The challenges and upsides of implementing efficient, scalable, and secure payment operations processes.
Nordea partners Boost.ai for “chat-first” virtual agent drive
Nordea says more than 50% of its customers get the help they need from an initial interaction with chatbots.
The demise of the 90-day rule and the future of open banking
To make open banking tech a success in the long term, the guarantee of data security must be a continued priority.
Saudi Central Bank debuts new open banking framework
The framework includes legislation, regulatory guidelines and tech standards based on international best practices.
TIAA agrees to sell its banking arm to suite of investors
The firm says the move will allow it to “refocus” on its retirement business.
RMB Nigeria names Dalu Ajene as new CEO
In his new role, Ajene has been tasked with facilitating greater foreign capital flows.
Huntington National Bank selects LiquidX for trade finance infrastructure
Huntington Bank says LiquidX was the “most efficient and effective” partner to help expand its trade offering.
Federated banking
Federated technology could offer banks a number of benefits and play a huge role in their internal transformation.
GoTyme Bank selects Daon for digital identity verification
The digital bank will utilise Daon’s IdentityX platform for ID authentication.
DBS and digitalisation: what the West can learn from the East
“Meaningful innovation is the true litmus test,” says DBS’ Shee Tse Koon.
National Bank of Pakistan taps Finastra for trade finance solution
The bank will deploy Finastra’s end-to-end working capital solution, Fusion Trade Innovation.
Hard days ahead
Dark days lie ahead. Don’t forget that not everyone is warm and fed and safe.
Brunei’s Baiduri Bank signs for Temenos core
The bank will replace its legacy Flexcube core banking system with Temenos Banking Cloud.
UnionDigital Bank taps Thought Machine and Callsign to power its mobile app
UnionDigital Bank will deploy Thought Machine’s Vault Core solution and Callsign’s digital ID platform.
Swift appoints Max Mamondez as chief financial officer
Mamondez, who joins from the London Stock Exchange Group, will serve on Swift’s executive committee.
The Maries County Bank taps Jack Henry for digital transformation
Through the partnership, the bank aims to automate processes and boost efficiency and customer service.
The innovation failure
Understanding why innovation fails helps us innovate in a way to minimise the risk of failure.
Hodge appoints Tim Thompson as new chief information officer
Thompson joins from Cumberland Building Society, where he served as head of technology.
Capital Bank of Jordan launches new mobile banking app powered by Codebase
The bank is aiming to enhance customer engagement and acquisition with the Digibanc-powered app.
Banking Technology Magazine November 2022 issue out now
Cover story: TAKING THE LEAD – Women are inspiring fintech teams.
Ashman selects nCino to power its real estate lending solution
The UK challenger will deploy nCino’s cloud-based Bank Operating System.
Bank Central Asia taps Avaloq to upgrade wealth management services
The Indonesian bank will migrate its wealth management system to Avaloq Core.
Infographic: Banks look to risk orchestration technology to combat rising threat of fraud
Brought to you by LexisNexis Risk Solutions.
FinTech Futures: Top five stories of the week – 28 October 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
In conversation with Antony Jenkins, founder and CEO of 10x Banking
FinTech Futures columnist Dave Wallace shares three key take-aways from his recent chat with Antony Jenkins.
