Standard Chartered Bank tackles reporting restrictions with BearingPoint
The new solution covers more than 130 jurisdictions.
News
Yolt gets closer to all-in-one banking app with Raisin
Yolt’s UK, France and Italy-based users can now open a Raisin account.
Norway’s largest bank set to monopolise country with all-access mobile banking app
DNB has access to every bank in the country.
HKEX drops £32bn bid for London Stock Exchange
“We only regret the chances we didn’t take,” says HKEX CEO
Russia’s Sberbank catches internal culprit of data leak
The leak could have affected at least 200 of its customers.
PayExpo 2019: Europe will catch the UK’s open banking lead up in a year, says Danske Bank
Danske says the European landscape lends to more unique businesses.
Bottomline’s merger with EPG sparks UK regulators to investigate impact to competition
The CMA worries the merger will “result in a substantial lessening of competition”.
Fintech lender StreetShares partners with America’s rural Farm Bureau Bank
The lendtech gives SMEs a decision in minutes and funding within 24 hours.
eBook: Accelerating banking efficiency
Exploring three opportunities available for banks to make the most of their existing infrastructure.
ACS19: Bank execs need cybersecurity safe space
90% of breaches at firms are still attributed to employees clicking on phishing emails.
PayExpo 2019: Monzo COO not so sure it needed to be a bank for its success
His reasons boil down to expensive, slow and heavy hoops since its licence.
PayExpo 2019: We will be taking action, says FCA on insufficient safeguarding
The regulators found banks are delaying safeguarding precautions.
Thought Machine deploys Vault core platform at SEB innovation hub
SEB’s studio set to experiment with cloud-based core system
ACS19: Banks still face cybersecurity challenges despite improvements
“Cybercrime-as-a-service” within the dark web makes the task for law enforcement harder.
Verrency appoints former Westpac Group CTO to advisory board
Prior to joining Westpac, Wilson worked with SAP and ABN Amro.
UK fintech Kantox partners with Citi Bank for FX solution
Kantox will deliver a “customised solution” for the bank’s FX clients.
Consumer champion app Snoop goes live, founded by ex-Virgin Money execs
The UK-based fintech is accepting sign ups on its waiting list.
FSB investigating the regulatory potential of stablecoins
Emerging scale could pose challenges, says FSB chair
Deutsche Bank to create new technology division
German lender aims to improve technology innovation
Swift and HSBC team up for common API standard in Hong Kong
Partnership aims to prevent fragmentation and enhance API uptake
UK challenger bank Tide gets investment from Japan’s SBI
The Telegraph says the SBI splashed £44 million on the British fintech.
NatWest first UK bank to use fingerprint contactless credit card with £100 limit
Bank trials fingerprint-linked cards with 150 people.
UK government appoints fintech envoy for Northern Ireland
Andrew Jenkins to become lead ambassador for fintech in the country
CoinCorner CEO: Mark Cuban “naÏve and short sighted” about bitcoin
Cuban says he prefers bananas to Bitcoin.
National Bank of Canada goes live with Murex’s MX.3 Risk and Regulatory Suite
Bank aims to meet future FRTB obligations.
HSBC plans 10,000 job cuts in fresh cost-saving exercise
Global bank plans to cull high-paid roles.
ESAs identify weaknesses leaving high-volume transaction firms open to money laundering risks
The three European Supervisory Authorities (ESAs) publish their second joint opinion.
IM payments arrive in Eastern Europe for Viber customers
Romanian Libra Internet Bank is acting as local acquirer.
eBook: 6 AI solutions every asset manager needs
Download the DataRobot eBook to discover six AI solutions for asset managers!
FCA cryptocurrency investigations rise 74% in 2019
Watchdog having a deeper look at crypto industry.
Facebook’s Libra creating a shadow banking system, say US banks
US banks reckon Libra poses a threat to national monetary policy.
Video: Top fintech stories this week – 04 October 2019
FinTech Future’s weekly news round-up.
Samsung gears up digital wallet with debit card and cross-border payments
‘Samsung Pay Cash’ and ‘Money Transfer’ are just the beginning.
nCino announces $80m funding round led by T. Rowe Price
The cloud developer has raised $213m since 2012
Australia’s Commonwealth Bank faces 87 charges for unsolicited sales calls
The bank’s insurance arm CommInsure used a third-party telemarketing firm.
FDIC’s McWilliams: Core banking vendors must evolve
Top regulator says that collaboration is the future for all in the industry
Refinitiv extends Matching service to Vietnam
Firm claims the launch the first electronic market for VND FX
Nationwide exec: Banks can’t do everything
App glitches can often be the customer’s fault, he says.
Glint Pay administrators: Customer money is safe but frozen
The app says there are no “deficiencies or inaccuracies” in funds.
NAB’s charge reduces cash earnings by AUD1.12bn
This comes ahead of the January regulatory deadline to reach a core capital ratio of 10.5%.
