ECB agrees to move forward to investigation phase of digital euro project
Work will now focus on functional design and prototyping and will involve focus groups.
BankingTech
Classic product placement has had its day
Product placement is easily recognised by the customer and viewed negatively.
AI and machine learning spearheading rapid change in data reconciliations
The industry is moving towards Reconciliations-as-a-Service, says SmartStream’s Robin Hasson.
Video: fintech news pick of the week – Revolut, Lunar and the UK fintech sector
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
M1 Finance secures $150m in SoftBank-led funding round
The firm claims the investment now takes its total valuation to $1.45 billion.
White House backs US open banking reform
The Biden Administration is looking to tackle the slow progress of open banking in the US.
What the hell happened to help?
Banks could do more to provide financial education, guidance and advice to customers.
Railsbank lands $70m investment to drive global expansion
The round follows a $37 million fundraise in November last year.
Fifth Third Bank picks FIS to power digital transformation
The bank will deploy FIS’s Modern Banking Platform (MBP) and Unity Wealth Platform.
State of play: digital banking platforms
Selecting the right digital banking platform is a lengthy process that requires careful consideration.
This is not a drill
Make sure you don’t write yourself out of your own story, as life happens.
Report: The State of Data Reconciliation
Data from 300+ heads of global reconciliation utilities, COOs, heads of financial control and transformation.
White paper: The Reconciliation Maturity Model: Part 2 – onboarding and configuration
These tools will empower firms to fully automate reconciliation within five years.
White paper: The Reconciliation Maturity Model: Part 1 – from manual to machine learning
A blueprint for consolidating, automating and driving efficiency across reconciliations – and beyond.
International Bank of Somalia partners Visa to launch card payment service
The partnership will enable cashless payments in the country.
Danish digital bank Lunar secures €210m Series D funding
The challenger says the funds will be used to continue its growth and launch new products.
Manual processes hinder growth in financial institutions
User-defined technologies hide risk at a tremendous cost and are unsustainable in the digital battleground.
White paper: SME lending – the road to real-time approvals
Discover how rapid innovation, smarter decisioning and faster approvals can be yours.
Video: fintech news pick of the week – Wise, LBGI and Circle
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
White paper: Data on demand – the power of real-time data for risk decisioning
How real-time, on-demand data will change the way you make risk descisioning.
CIBC signs cloud partnership deal with Microsoft
The deal will see CIBC utilise Microsoft Azure as its primary cloud platform.
Monetary Authority of Singapore and Banque de France conduct cross-border CBDC test
The experiment was supported by JP Morgan’s blockchain innovation lab, Onyx.
Gulf Bank picks Murex’s MX.3 treasury management platform
Kuwait-based firm is looking to become a “fully integrated digital bank”.
Is DeFi the future of financial infrastructure and money?
DeFi is causing a shift in the underlying infrastructure powering traditional financial applications.
BNY Mellon to acquire fund management tech firm Milestone Group
The New York bank is looking to expand its digital offerings and core capabilities.
Harnessing the power of AI for internal fraud detection
AI has the power to disrupt internal fraud monitoring, but are FIs ready to take the plunge yet?
Video: fintech news pick of the week – Revolut, Deutsche Bank and Pleo
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Dutch challenger bank Bunq secures $228m Series A investment
The funding round was led by UK private equity firm Pollen Street Capital.
Winners announced for the 2021 PayTech Awards
24 winners and 31 highly commended for projects, companies, products, individuals and teams!
Swedish fintech start-up Juni lands $21.5m Series A round
The company plans to use the funds for product development and recruiting.
Absa searching for new chief security officer as Bucchianeri says goodbye
The South African banking group is also looking for a new CIO.
Who’s banking on APIs?
How proactive have UK banks been with their API strategy?
VyStar Credit Union picks Nymbus to outfit online and mobile banking
The Floridian credit union has also invested in Nymbus’ CUSO project.
Cities and Villages Development Bank picks ICS Banks
Jordanian bank replacing legacy system with cloud deployment.
Deutsche Bank plans 440 job cuts for Irish operations
The bank is planning to cut three-quarters of its workforce in Ireland.
Tales of longing and belonging
Sometimes it’s important to remind people that if you don’t ask, you won’t get.
Dear Luc: Should I prepare for a wearable payments comeback post-COVID?
This week our writer asks: are wearables set for a comeback as social distancing eases?
Lending: preparing for the unprecedented
How lenders can effectively manage commercial credit risk in an ever-changing world.
Credit Suisse appoints Goldman Sachs veteran as new technology exec
Joanne Hannaford will join as chief technology and operations officer in January 2022.
ChangeFi CEO: “We have to be on the ground with our communities”
ChangeFi is looking to give “equal access to the American dream”.
