Consumers Credit Union selects Lumin’s digital banking platform ahead of proposed Rockford Bell merger
CCU says it required a digital platform that could “support its increasing number of members and their unique needs”.
BankingTech
State of play: US fintech
Despite a decline in global funding rounds, it was evident at FinovateFall that US fintech continues to thrive.
HSBC digital chief Ashief Danga leaves for AXA Health
Danga has served as HSBC’s head of digital for global markets since 2016.
The real E-shaped people
The future is not there to be discovered. It needs to be constructed by the very people travelling to it.
Old Second National Bank selects Newgen Software’s digital account opening solution
The solution will enable Old Second to streamline digital onboarding for retail and business banking customers.
Citigroup to sell trust administration services business to JTC in deal reportedly worth $80m
Citi Trust claims $70 billion in AUA across more than 2,000 UHNW clients.
Metro Bank partners Infosys to boost digital transformation with AI
The UK bank is also reportedly set to cut around 300 roles as part of cost-cutting efforts.
JP Morgan reportedly in talks to replace Goldman Sachs as Apple’s credit card partner
The Wall Street Journal reports that talks between JP Morgan and Apple commenced at the beginning of this year.
Brazil’s Parabank partners Dock to launch inclusive card programme for people with disabilities
The São Paulo-based challenger has adopted Dock’s private-label card processing platform.
Florida’s EverBank inks $261m deal to acquire Sterling Bank
The acquisition is expected to close in Q1 2025.
Building a community from data
Behind every transaction is a human story, waiting for us to connect the dots.
Swedish neobank Northmill hires Julie Chatterjee as new group CEO
Chatterjee takes the reins from Tord Topsholm, who stepped down from the position in February.
Dutch neobank Bunq aims to increase headcount by 70% before end of 2024
Bunq will seek to hire over 730 people over the next three months.
Revolut reportedly applies for EMI licence with UAE central bank
Bloomberg reports that Revolut’s ambition is to eventually apply for a full banking licence in the UAE.
US regulator OCC orders Wells Fargo to shore up AML and risk management procedures
The OCC has barred Wells Fargo from expanding into medium-to-high risk products and geographies without prior approval.
Affinity Plus FCU signs Lumin Digital for online and mobile banking revamp
The platform will deliver spending insights, financial guidance, fraud protection, and other features to members.
A journey through the magic of technology: from PCs to Apple Vision Pro
Very occasionally, a new technology arrives that works like magic.
UAE challenger Ruya Bank partners Network International for digital payment capabilities
Ruya Bank entered the market this year with a suite of Shariah-compliant retail banking services.
Westpac promotes Anthony Miller to CEO amid Peter King’s departure
Current CEO Peter King is preparing to end his 30-year tenure at the bank.
A banker goes a-banking, volume 9: how to squander a market-capture advantage
Your marketing team can get you an advantage that is yours to lose.
Webinar | 23 October 2024 | GenAI in financial services – balancing innovation and risk for transformative growth
Join us for an insightful webinar on the transformative power of GenAI for financial firms.
UniCredit buys 9% stake in Commerzbank as German government looks to offload shareholding
Of the stake, 4.49% was purchased from the Federal Republic of Germany for $775 million.
Demystify Podcast: Demystifying the use of GenAI for customer propositions with Uday Akkaraju of Bond.AI
Uday Akkaraju demystifies the use of AI to bridge the gap between consumers and financial institutions.
Mansfield Building Society in core banking tech overhaul with TCS
Mansfield has selected the vendor’s TCS Bancs and Digital Home Lending solutions.
Vision Bank launches digital banking app in Saudi Arabia
The Vision Bank app is currently available to customers on an invite-only basis.
Ignacio Juliá leaves ING to become Santander Spain CEO
Juliá succeeds the position from Ángel Rivera, who will leave Santander at the end of 2024.
FinovateFall 2024: The evolution of the GenAI landscape in financial services
At this year’s FinovateFall conference in New York, GenAI has once again taken centre stage.
The Bank of London bags £42m funding round after reportedly being hit with HMRC winding-up petition
HMRC issues winding-up petitions when a company can’t pay its debts.
Judo Bank migrates lending business to Thought Machine’s Vault Core
The migration to the cloud-based core banking platform has been underway since last year.
Nationwide Building Society taps Red Hat for new Business Integration Platform
Nationwide is preparing to migrate critical production workloads to the cloud within the next year.
Switzerland’s Zürcher Kantonalbank deploys new digital asset platform with Avaloq and Fireblocks
ZKB clients will now be able to trade, manage and store both traditional and digital assets.
ISO 20022: The clock is ticking, so get ready
There’s no time like the present to ensure that you’re ready for the arrival of ISO 20022.
Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing
The bank will implement its new partner’s ClearTrade technology from this month.
Don’t believe the hype: how transparent is your core?
In a world that is increasingly open tech vendors need to increase their transparency too.
What the FinTech? | S.5 Episode 15 | FedNow one year on – the growth of RTP in the US
In this podcast episode, we chat with Anu Somani, Head of Global Payables and Embedded Payments at US Bank.
Saldo Bank taps Enfuce to launch its first payment card programme
Enfuce will deliver “over 60,000” Visa credit and debit cards for the programme.
MidWestOne Bank taps Temenos for digital onboarding solution
The Temenos Digital Onboarding solution has been deployed by the bank as SaaS on AWS.
The other magic beans
Ask vendors to explain their pricing. Ask, and wait for a proper answer. And take it into account.
E-book: The promise and peril of the AI revolution – managing risk
Download this free e-book to gain further insights into building a resilient AI security programme.
Axway completes €330m acquisition of Sopra Banking Software
SBS CEO Eric Bierry has been named as the new deputy CEO of Axway.
