65% of UK financial institutions miss Treasury’s gender representation targets
Firms blamed targets for being “too ambitious”, and the impact of COVID-19 on hiring and pay.
BankingTech
Nigerian challenger Kuda Bank raises $25m in Series A funding
Neobank nabs more funding just four months after last round.
Profile Software buys Euronext’s Centevo solution
Euronext offloads asset management platform after 2019 acquisition.
Deutsche Bank and TIS sign treasury deal
The pair will work on multi-bank services for treasury and finance.
New US bank on the block Sable aims to support new migrants
Sable offers both debit and credit accounts for new arrivals.
US de novo Lili targets freelancers with tax tools & early payments
It wants to give freelancers an “all-in-one” banking app.
Video: Top fintech stories this week – 18 March 2021
FinTech Futures’ weekly news round-up.
What the Fintech? | S.2 Episode 7 | Class is in session
Tania Ziegler, senior research associate at Cambridge, joins us on this latest episode.
ICYMI funding round: Fondeadora, SEON, Lendo, Nomanini & more
Plenty of funding rounds may have slipped you by this week.
Goldman Sachs analysts reveal abusive working conditions in leaked survey
“This is beyond the level of ‘hard working’, this is inhumane/abuse,” says one surveyed analyst.
Railsbank comes to Australia via tie-up with challenger bank Volt
Railsbank considers Australia “a highly strategic market”, where embedded finance is “still in its infancy”.
OnPath Federal Credit Union selects NCR digital banking tech
OnPath to deploy NCR’s DI system across ten branches.
Avaloq CEO Juerg Hunziker to step back
Hunziker is replaced by the co-CEO pairing of Martin Greweldinger and Thomas Beck.
OCBC launches facial recognition at ATMs, region’s first
The biometric tool will be first used for account balance enquiries – piloted by eight ATMs.
UK fintechs B-North, DIEM, Encompass, and Lumio raise funding
A round-up of recent investments clinched by the UK fintech start-ups.
Canadian challenger Koho raises $56m in Series C funding round
The new funding is all headed towards building awareness in the market.
New central bank rules push Pakistan’s banks towards digital payments
All Pakistani banks will need to provide debit cards to users who don’t already have one.
Nordea to deploy AxiomSL’s RegCloud for regulatory reporting
Scandinavian bank aims to meet Finrep, Corep, AnaCredit, and SHSG requirements.
Nest Bank picks Fiserv for card issuance revamp
Fiserv’s First Data brand is handling the implementation.
Indonesian fintech Alami acquires rural bank in $10m deal
Alami is helping the bank keep up with capital requirements.
Banking Tech Awards 2020 Winner: Moxtra – Best Digital Banking Solution Provider
Enabling digital customer experience in financial services and beyond.
Autobooks raises $25m in Series B round featuring TD Bank
Paytech firm to explore options abroad after new raise.
Emirates NBD chief digital officer leaves to pursue entrepreneurship
Evans Munyuki resigns after brush with COVID-19.
Fintech funding deals globally 8-14 March 2021
Featuring Stripe, Starling, BlockFi, Cedar, and Flutterwave.
First Iraqi Bank selects ICS Banks core banking tech from ICSFS
Start-up bank FIB aims to transform the banking sector in Iraq and the wider MENA region.
KKO picks Pannovate to underpin digital bank launch in Mexico
KKO plan a new bank for young professionals.
Katherine Dziaman joins Sandstone Technology as new CFOO
She replaces Pow-Chuan Lee, who leaves the firm after two and half years.
Video: Top fintech stories this week – 12 March 2021
FinTech Futures’ weekly news round-up.
Banking Technology March 2021 issue out now
Creating communities: celebrating women in fintech this Women’s History Month
ICYMI funding round-up: Exabel, ClearGlass, Cheese, Flowcast & more
Plenty of funding rounds may have slipped you by this week.
HSBC goes live with Demica system for trade receivables
Selection to deployment took the two firms just over a year.
Banking’s long road to BaaS
The opportunity for BaaS is huge and compelling, but the journey to get there is long and complex.
Banking Tech Awards 2020 Winner: Yolt – Best Mobile Initiative
Yolt’s new mobile app: nudge techniques, open banking and smarter personal finance.
Crédit du Maroc in core banking and payments tech overhaul with Temenos
Crédit du Maroc will implement Temenos Transact and Temenos Payments.
Idman Community Bank opts for BML Istisharat’s ICBS core banking system
The bank was looking for “a proven banking solution to be implemented by a reliable vendor”.
Tesco Bank kicks off three-year ATM modernisation project
2,000 machines will be replaced by the end of 2023.
SoFi to acquire Golden Pacific Bancorp in $22m quest for US bank charter
US fintech switches tactics to nab an existing licence.
Suez Canal Bank extends Temenos partnership with Infinity deal
The bank is an existing user of Temenos’ core banking platform.
Santander picks Planixs tech to power liquidity management
Spanish multinational to deploy Planixs’ Realti system.
Aion Bank acquires robo-advisor ETFmatic
London-based robo-advisor ETFmatic has been Aion Bank’s partner for a year.
