SoFi files banking charter application with OCC
The $4.3 billion fintech wants to take another crack at banking.
The $4.3 billion fintech wants to take another crack at banking.
Ziraat’s new tech – Natech Core Banking CSB2 and Poseidon AML – reduced IT costs and operational complexity.
FinTech Futures’ weekly news round-up.
Unlocking the benefits of open banking.
Raheja QBE has around 41,000 customers.
UK clearing bank adds two to executive ranks.
It’s seeking to cut 255 of 678 jobs by the end-2021 as part of a broader plan to reduce costs.
“It is looking at selling between 5% and 10% of its shares in an IPO,” according to sources.
“The point is you don’t double capacity suddenly, it doesn’t help,” says CEO Yashish Dahiya.
Newly-launched securities firm aims for automation.
FNZ will acquire a majority stake in State Street’s Wealth Manager Services business.
Bankjoy has announced nine new CU customers in 2020 so far.
The New Zealand bank is deploying the platform on the cloud.
London-based broker selects Profile to power custody services.
A new FinTech Futures report examining the role of core banking in the industry today.
Group claims 10,000 merchants on board in US.
“The bank’s failure to recognise this risk constitutes a major compliance failure.”
This is the second integration of systems between the pair.
Some Black tech developers have criticised this move as “performative activism”.
The Haitian microfinance firm is upgrading its Temenos IBS system.
Savoy will be responsible for leading TransferGo’s team of more than 60 engineers.
UK bank has processed £4.5bn in loans so far in 2020.
The new Belgian bank wants OneSumX to manage its ALM ops.
The fintech said the BBLS “doesn’t meet the requirements” of prospective investors.
The fintech landed €2.2 million in seed funding last month.
Square is $20 billion away from matching Goldman Sachs’ market valuation.
The fintech is moving into wealth and expanding to the US.
Shareholder pressure saw Martin Zielke and Stefan Schmittmann depart earlier this week.
The financing round adds to the fintech’s Series B in March.
The fintech has worked with Mastercard since 2011.
Instapay Technologies is looking for 100,000 new users in the first year.
Thomas von Hohenhau is the Swiss CEO of Hamburg-based fintech Deposit Solutions.
The UK bank’s plans had been put on hold by COVID-19.
Deutsche picks Google after five-month negotiation period.
The fintech has raised £10 million to date.
Fusion Phoenix deployed at Wisconsin-based bank.
The roll-out includes its second multi-currency account.
SoftBank now holds more than a 15% stake.
How financial institutions can become more customer-centric, leverage hybrid IT infrastructure, and avoid vendor lock-in.
The upgrade “promises to set an industry standard for Islamic banking in the country”.