Baton Systems, an on-demand platform for clearing, settling and managing payments between financial institutions, has appointed former Citigroup Vice Chairman Lewis B. Kaden to its advisory board.
France’s BNP Paribas Asset Management (BNPP AM) has acquired a majority stake in Belgium-based robo-advisory company Gambit Financial Solutions. BNPP AM says via the deal it will look to improve its advisory-guided or autonomous interfaces. Gambit will maintain its independence and become the preferred partner for robo-advisory solutions for BNP Paribas’ retail and wealth management […]
The fintech funding is on fire. Following on from yesterday’s (6 September) action, here’s another round-up. Features ABN Amro, Cloud Lending Solutions, Dataiku, EY and Innovate Finance. Amsterdam-based ABN Amro has made an undisclosed investment in US-based Cloud Lending Solutions (CLS) – the second by the bank’s Digital Impact Fund (DIF) and in line with […]
Tech City UK is looking for start-ups for a competition to find the best products and services from the fintech sector that promote financial inclusion. As part of the UK Government’s Digital Strategy, the Department for Digital, Culture, Media and Sport (DCMS) has asked it to hunt for the best across the country. The competition […]
More than a year after Capital One unveiled the feature, US Bank customers still are among the first in the US to be able to complete banking tasks, such as checking an account balance or paying a credit card bill, by speaking a command to an Amazon Alexa device.
Mambu has gone on the record about its core banking software project at N26, a German-based challenger bank. N26 is using Mambu’s flagship core system, provided on a Software-as-a-Service (SaaS) basis.
The landscape of cross-currency (FX) payments is taking on a whole new look – creating challenges for corporate financial managers and the need for new banking solutions.
With every technological breakthrough there needs to be updates to the rules, and the UK general public think the government needs to pull the finger out when it comes to artificial intelligence (AI), reports Telecoms.com (Banking Technology’s sister publication). That rules need to be changed in relation to everyday life is a given, but it would […]
Banking platform SolarisBank has chosen Italy-based SIA to support the launch of new contactless debit cards and to contribute to the development of electronic payment solutions in Germany. SIA’s technology platform will manage the processing of transactions made using payment cards issued by the bank for its clients. The infrastructure, supporting the launch of new […]
UK challenger bank Atom has been granted permission to offer retail deposits in Germany via a partnership with Deposit Solutions. Atom says customers in the country will get access to a range of fixed term products and so it will be able to “gather deposit funding from Europe’s largest savings market onto its balance sheet, […]
HSBC’s customers in the US can now access GT Nexus’s digital commerce platform for managing supply chain processes. Vinay Mendonca, global head of product and propositions, global trade and receivables finance at HSBC, says: “We, and a number of our customers, identified GT Nexus as a platform that could help our customers improve their financing […]
Wake me up when September sends a fintech funding round-up. Features Deutsche Börse, RegTek.Solutions, Finaeo and Now Money. Deutsche Börse and Illuminate Financial Management have co-led in a $5 million Series A funding round in RegTek.Solutions, a regulatory reporting solutions provider. As reported last month, the Regulatory Reporting Hub of Deutsche Börse launched a partnership […]
Lloyds Bank has launched a new service to help businesses manage their bookkeeping without manual intervention. Called Lloyds Bank Direct Bank Feed it allows clients to receive their statement information directly into their accounting software – “eliminating the need for businesses to manually input their bank statements and reduce the time spent reconciling accounts”. Steve […]
Facebook-owned IM service WhatsApp reckons it might finally be able to make some money by charging businesses for clever access to their punters, reports Telecoms.com (Banking Technology’s sister publication). Apparently quite a lot of people already use WhatsApp around the world to interact with shopkeepers and other relatively simple business transactions such as placing orders, […]
EXCLUSIVE: UK-based Saffron Building Society is modernising its technology with DPR Consulting, Banking Technology understands. On the way out is the legacy MSS core processing solution, supplied by Sopra Banking Software.
International Turnkey Systems (ITS) has upgraded its core banking system, Ethix, at Commercial Bank of Dubai (CBD).
Nasdaq will acquire eVestment, a content and analytics provider used by asset managers and investment consultants, for $705 million funded through a mix of debt and cash on hand. According to Nasdaq, eVestment provides investors a database for both traditional and alternative strategies, including 2,800 individual data points on more than 74,000 investment vehicles. eVestment […]
Dubai-based Mashreq Bank will revamp its banking services in the UAE with the help of NCR technology over the next six months. NCR says Mashreq will be the first in the region to deploy its tablet-based Interactive Banker, which lets tellers come out from behind their counters to help customer’s complete transactions. Sandeep Chauhan, head […]
The risks are big, but the opportunities are even bigger; that’s why only the bravest are making the most of the digital economy to date.
Berlin-based cybersecurity start-up Perseus is seeking to become a legend for the country’s SME market with a “one-stop solution”. According to fintech incubator FinLeap, which is behind the venture, more than 70% of German companies were affected by cybercrime activities within the last two years, but only one out of ten SMEs holds an insurance […]
Small-business lending platform Funding Circle has become a Financial Health Network member of the Center for Financial Services Innovation.
What the world needs now is love, sweet love. And fintech is on hand to deliver with a pair of co-operation agreements. Features the Monetary Authority of Singapore and Chongqing; and the Swiss Financial Market Supervisory Authority and Israel. The Monetary Authority of Singapore (MAS), the Chongqing Financial Affairs Office and the Chongqing Connectivity Initiative […]
The wait is over. The 2017 Pay Magazine – Awards Issue is here. In this special issue, you’ll find out more about the programs, companies and two individuals that walked away with top honors from this year’s competition.
We all knew Canadians were afraid of the dark and that Scots are not always fond of vegetables, but who knew the European Commissioners were wary of foreigners? Reports Telecoms.com (Banking Technology‘s sister publication). In her latest speech, the European Commission’s chief Gaggler for competition Margrethe Vestager, has seemingly set the tone; foreign money isn’t as […]
Swiss digital banking company Crealogix has bolstered its artificial intelligence (AI) and machine learning capabilities with the acquisition of new technology from Koemei, reports Julie Muhn at Finovate (Banking Technology’s sister company). Crealogix will leverage Koemei’s technology that uses automated speech recognition (ASR) to convert audio, podcast, and video content into text data, which facilitates cross-media […]
EXCLUSIVE: Redwood Bank, a new SME-focused bank in the UK, has opted for a cloud-based banking platform. The front-to-back office solution is supplied by a local fintech firm, DPR Consulting, Banking Technology understands. It is hosted in a private cloud.
Our Top 5 Challenger Bank spotlight series is complete. Get to know the challengers—Cashplus, Varo Money, Revolut, Capital on Tap and Fidor Bank—looking to shake up the status quo with tech and a superior customer experience.
Core banking software provider Fern Software has opened its Abacus HUB Cloud platform to third parties in the UK and Ireland.
Fintech zeitgeist! This week Loraine DeBonis, editor-in-chief of Banking Technology’s sister site Paybefore, muses on all the money changing hands in the payments industry.
Basel Committee on Banking Supervision (BCBS) has published a report, “Sound practices: implications of fintech developments for banks and bank supervisors”, and is asking for public feedback until 31 October 2017.
Kiwibank, New Zealand’s fifth largest bank, is conducting a “strategic review” of its implementation of SAP’s core banking and payment software – a large-scale project known as CoreMod.
It’s been seen as the ultimate clash of cultures. The baseball cap and T-shirt versus the formal suit and tie; the young, quick-thinking fintech versus the risk-averse multinational corporate; David versus Goliath.
Welcome to fintech central! Good service operating on all lines. The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
National Institute of Standards and Technology (NIST), an agency of the US Department of Commerce promoting innovation and industrial competitiveness, and cybersecurity tech specialist NextLabs have partnered to develop a framework for implementing and administering access rights management (ARM) in the financial services sector.
US tech giant Fiserv has completed its acquisition of Monitise, a UK-based mobile payments software and solutions provider.
Singapore-based B2B robo-advisor Bambu has completed a funding round, featuring a strategic investment from Franklin Templeton Investments and venture capital funding from Wavemaker Partners, part of the Draper Venture Network.
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With the arrival of new regulations, there are two main options for banks: they can choose to become either “data donors” or “data seekers”. These two positions imply opposite approaches to the new banking market that is in prospect, and sharply contrasting mentalities.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
The scandal of employees at Wells Fargo creating 2.1 million fake bank accounts and credit card numbers to boost sales figures has just got bigger. After an expanded third-party review of retail banking accounts dating back to the beginning of 2009, Wells Fargo reveals that the number is in fact 3.5 million accounts. As reported […]
