Video: Top fintech stories this week – 09 October 2020
FinTech Futures’ weekly news round-up.
FinTech Futures’ weekly news round-up.
“We have a larger obligation to deliver fairness.”
BoA has acquired approximately 5% of the bank’s common equity.
That’s according to a new report by Retail Banking Research (RBR).
The South African Bank aims to “simplify” banking for its customers.
Monument has raised £20 million to date.
The Jordanian bank is an existing user of Temenos’ core banking system.
The New Zealand firm will deploy Mambu tech alongside its own systems.
The fintech allowed consumers to invest in Notes, corresponding to fractions of loans.
The work of banks, regulators and governments has kept things calm, says Jean Lemierre.
All merchants can upload their logos at logo.ethoca.com for inclusion in online banking and payment apps.
The 400 job cuts are part of a forecast 16% reduction in Virgin Money’s headcount.
“Once you strip back a lot of the functionality in retail banking it’s more about experience than solving issues.”
The fintech start-up expanded into the region during the beginning of the COVID-19 lockdown.
The undisclosed strategic injection sees Citi deploy some Genesis tech.
Postings is an industry veteran, spending 25 years at Barclays and three at Lloyds.
Van Rijswijk is “strongly advocat[ing]” that regulators come up with an equivalent for banks.
CommBank CEO CommBank says all deals are valuable learning opportunities
“Those in the private sector definitely have their own lifecycle,” says PBOC.
The industry organisation was formed with the help of Lloyds and HSBC back in 2018.
“Young people are being excluded from wealth-generating services,” says CEO.
The new tech “enables non-IT staff to take multiple complex data sets and compare them within seconds”, says CIO.
UK regulator aims to clamp down on products “ill-suited” to the public.
IBM acted as a technology partner with its IBM Cloud.
Goldman reportedly beats Barclays to nab consumer credit pool worth $8.5bn.
The fintech holds a 65% market share of Kazakhstan’s digital payments flow.
Costs, compliance and confusion need to be solved by new technology, says panel.
Crowdcube’s acquisition of Seedrs is set to create a £140 million equity crowdfunding player.
Major investor Warburg Pincus currently owns 45% of Avaloq.
The project encompasses building an insurance-specific data warehouse, based on Comarch’s cloud BI solution.
The two have around two million merchants, and around 120 million cards.
Balance updates, standing order controls, and savings goals come as standard.
Until now, no established, Black-owned, UK-founded bank has existed.
Manchester-based firm plans full launch for later this year.
Monese picks Thought Machine’s Vault to revamp core banking systems.
Newly launched BetterBorrow is targeting “a slightly better credit mix” than LiveLend.
Some 113,300 personal digital wallets have been opened.
Jamie Dimon believes plenty of outsourcing firms “have no idea what they’re doing”.
“In Europe, these [smaller] banks are the vast majority.”
Financial health app plans to aid Australians in paying bills.