Why banks and fintechs need to be strategic with digital transformations
Here are a few tips to consider when developing a strategy for digital transformation.
BankingTech
Extended deadline announced for Banking Tech Awards 2021
The new nomination deadline for the Banking Tech Awards 2021 is 20 August.
Credit Suisse nabs 16-year HSBC veteran for global fintech role
Orazio Tarda joins the Swiss bank after a long spell with HSBC.
Indian challenger bank Jupiter lands $45m Series B funding co-led by Nubank
The start-up has now raised around $71 million in total.
How evolving tech is changing digital habits
A deeper look at some of the technologies that are changing our digital habits.
Teachers Building Society selects Finastra’s Fusion Essence Cloud
UK building society becomes first mutual to pick Finastra system.
Australian challenger Alex goes live on Temenos
The digital bank was granted a banking licence by APRA last month.
Is data the new currency for banks?
Banks have huge amounts of customer data, but do they have enough?
Fifth Third completes acquisition of healthcare fintech Provide
Provide offers financial products targeted at healthcare practices.
QR codes – changing the consumer experience in banking
Introducing the “touches ATM experience” with QR codes.
Money is not a problem
Don’t tell me money is not a problem. It most definitely is a problem. It just isn’t the real problem.
Nigerian challenger Kuda raises $55m in Series B funding round
Kuda lands valuation of $500 million, and total raised of $91m.
Survey: Green/sustainable finance within the banking technology industry
Fintech Futures is conducting a brief survey concerning green/sustainable finance and would very much like your input.
Climate First Bank launches in Florida with Finastra Phoenix at the core
Florida-based lender plans to meet and exceed a range of green initiatives.
Capturing the Gen Z market starts with onboarding
Fintechs should deliver the digital-first experience Gen Z expects from the minute they sign up.
Digital banking start-up Mercury hits $1.6bn valuation with new $120m funding
Digital bank secures unicorn status with Series B funding round.
Figure Technologies closes $200m Series D funding round
Blockchain infrastructure provider hits $3.2 billion valuation.
FCA investigating Monzo as challenger reports £115m yearly loss
The FCA is investigating Monzo over potential breaches of money laundering laws.
Report: Self-service banking – the key to customer acquisition and retention
Fintech Futures investigates how self service banking has changed and what firms can do to keep up.
Finnovex Southern Africa Summit: agile digital disruption strategies for banks and FIs
This year’s theme was “Adapting Reinvention to a Rapidly Changed World”.
Fiserv partnership with Goldman Sachs brings initial B2B payments offering
The two companies have forged a strategic relationship which will see additional combined solutions.
RBC Wealth Management picks Broadridge to power US division
Multi-year deal also features Broadridge’s Asset Servicing platform.
Perpetual KYC and the move away from periodic reviews
Continuously monitoring customer information using AI could have advantages for banks and fintechs.
Video: fintech news pick of the week – Solarisbank, Tesco Bank and Nium
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Lloyds to acquire savings firm Embark Group in £390m deal
UK bank aims for “top three” position in the retirement and savings market.
New banking software deals for Oracle FS in Africa and India
Addis International Bank, Arab Commercial Bank, and OmniBSIC Bank are the new Flexcube takers.
Major Indian banks join trade finance blockchain project IBBIC
The consortium promises the creation of a secure environment for processing letters of credit.
Nymbus signs Plaid partnership deal to boost client onboarding
Core banking provider says deal will improve a range of identity processes for customers.
Mobile first, second and third!
Most companies talk about the importance of mobile technology, but I’m not convinced there is a proper understanding.
Greengage bank seeks Gibraltar licence to serve SMEs and crypto firms
New firm wants to be Gibraltar’s first digital merchant bank.
Solarisbank raises €190m in Series D, acquires Contis for UK foothold
German BaaS provider hits unicorn valuation and looks towards the UK.
Seen it all before
All banks are the same, but in profoundly different ways.
White paper: How top companies are better mitigating fraud & enhancing CX with Phone-Centric Identity
Nine of the top ten banks use Phone-Centric Identity to mitigate fraud. Do you?
White paper: Data’s evolution in the cloud – financial services’ long-time data advantage
New research by The Economist about the banking industry’s attitudes, progress, and aspirations for leveraging data.
Core banking firm SaaScada hires Paul Payne as new CTO
New core provider on the block builds out executive team.
Lloyds and Mastercard sign open banking payments partnership
The new platform, PayFrom Bank, utilises Mastercard’s Payment Gateway technology.
Unlocking the benefits of cloud
Migrating operations to the cloud is a challenge for even the most digitally focused organisation.
Commerzbank to write off €200m after scrapping outsourcing project with HSBC
The bank cites implementation risks and changed market conditions as the reasons behind its decision.
Former Absa exec joins NAB as new chief security officer
Sandro Bucchianeri announced his departure from Absa at the start of the month.
Fintechs will be at the heart of the next wave of security wars
Hackers are rapidly adapting their tactics to target features of modern fintechs.
