Banking Tech Awards 2020 Winner: UBS – Best Use of Cloud
How UBS’s innovative hub helped 60,000 work remotely with virtually no downtime during the pandemic.
BankingTech
Video: Top fintech stories this week – 19 February 2021
FinTech Futures’ weekly news round-up.
Banesco Panamá plans digital revamp with Backbase
Panamanian lender to integrate new products and solutions online.
Manchester Credit Union signs payments deal with ClearBank
ClearBank and incuto give credit union access to Faster Payments.
Saudi Arabia plans new SME bank to underpin local funding
The new bank brings “all financing solutions under one umbrella”.
Learning to safeguard vulnerable customers in a digital world
What’s needed is an industry-wide effort to stamp out poor practice and make services inclusive.
Sopra Steria invests in Parisian fintech Particeep
Banking software firm picks up minority stake in SaaS fintech.
Jamaica Co-operative Credit Union League picks ERI for core banking
25-member group to replace legacy tech with ERI’s Olympic.
Baptist Health Federal Credit Union picks Finastra system
Healthcare-supporting FCU revamps digital channels.
FinTech Futures presents Dock – a virtual roundtable experience
Take part in Dock on 18-19 May to discuss the industry’s pertinent problems and find the solutions.
FDIC appoints Neocova’s Sultan Meghji as first chief innovation officer
The US agency is aiming to boost innovation among banks and credit unions.
Banking Tech Awards 2020 Winners Supplement out now
Showcasing the most impactful and innovative projects, products, services and people in fintech in 2020.
HSBC France sale to land this month, AnaCap goes back up against Cerberus
The French unit moved to the shelf back in September 2019.
Personetics raises $75m from Warburg Pincus
Data analytics and customer engagement firm plans expansion with new funding.
Jeremy Balkin calls time on HSBC US innovation role
Balkin leaves his post after six years with the bank.
Swedish neobank Northmill raises $30m to power European expansion
The first stop along the way is a new product launch in Norway.
Lombard Odier picks NetGuardians for AI-based risk tech
Swiss private bank wants “cutting edge” fraud prevention.
Three things banks must do to thrive in 2021
It is the banks who invest now and execute effectively, that will come out on top.
The US market: are EU-based challengers coming to rustle up some feathers?
A deep dive and step-by-step comparison of US banks’ and EU challengers’ capabilities.
US federal agencies probe Amex’s SME and consumer cards sales practices
Several US federal agencies are probing American Express, according to a regulatory filing.
Jakub Jurek joins Varo Bank as chief data officer
He brings over 18 years of data expertise in academia and fintechs.
Fintech funding deals globally 8-14 February 2021
Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare.
Monzo appoints Carol Kobuke Nelson as new US president and CEO
Nelson spent 23 years at Bank of America.
Is 2021 the year to inspire better banking?
Sanat Rao says the time is right to invest in back-end systems change.
BNY Mellon to finance crytpo and signs Google Cloud deal
The bank cites “growing client demand for digital assets”.
Six Black-owned banks receive funding from Well Fargo’s $50m MDI pledge
The banks will have access to a dedicated Wells Fargo relationship team.
Video: Top fintech stories this week – 12 February 2021
FinTech Futures’ weekly news round-up.
Raiffeisen Bank to buy Czech Republic’s consumer lender Equa bank
In 2020, Equa bank’s consolidated net profit fell by 55% to $8.5 million.
ICYMI funding round-up: Trade Ledger, Mesh, Safepay, Globacap & more
We round up some of the funding rounds that may have slipped you by.
How brands are becoming the banks of tomorrow
To understand what the bank of tomorrow looks like, we must first understand how they developed.
The core wars
This battle is for core banking software, challenging the likes of SAP, Finastra and Temenos.
Equifax acquires AccountScore to boost open banking capabilities
Equifax wants higher rates of automation and verification.
TransferGo picks Thought Machine for core operations
Money transfer firm switches things up in the back office.
BankPlus replacing 30-year-old core system with Jack Henry’s SilverLake
Southwestern US bank picked SilverLake after feedback from its peers.
More than 90% of UK’s financial firms still rely on legacy tech, says FCA
Some 33% admit “most” of their technology is legacy.
Banking Technology February 2021 issue out now
The roaring 20s.
HPS acquires Mauritius payments processor ICPS
HPS nabs the full stake in ICPS from former partner MCB.
USAA Federal Savings Bank nabs new risk head from Citigroup
Neeraj Singh replaces retiring Torben Ostergaard.
United Fintech announces acquisition of German regtech TTMzero
UK scale-up has taken 25% stake with a view to nabbing 80% soon.
BBVA sells Holvi business lender, invests $150m in VC fund
Spanish banking giant ditches Finnish business bank, sells back to founder
