Banking Technology October 2019 issue out now
Lessons from Africa.
News
Emerging markets seeking London’s fintech crown
City of London mayor gives UK firms stark warning.
Sberbank data leak may have exposed 60m customer accounts
Russian bank confirms 200 accounts have been compromised so far.
Novo Banco refreshes payments with Fiserv
Fiserv to switch up Portuguese bank’s end-to-end billing.
LendIt Fintech Europe 2019: towards better financial health
Creating both better outcomes for consumers and sustainable business models.
FCA: Libra will lead to financial exploitation
Regulator fears the crypto will bypass payment services.
Seattle Bank chooses Finastra for its core banking
Finastra will also help with analytics, digital banking and card payments.
White paper: The state of application development in retail banking
Over 3,300 IT professionals shared their insights in this comprehensive report.
Majority of UK SMBs consider late payments “corporate crime”
55% put the ‘crime’ on a par with fraud.
Revolut’s losses double to £33m as it gears up to hire staff, expand reach
The fintech’s losses have gone from £14.8m to £32.8m in one year.
International regulators investigating tech firms’ cloud dominance
Financial Stability Board casts a wary glance at cloud giants
NatWest teams up with Microsoft and DreamQuark to predict markets with AI
The new platform will use AI to spot opportunities and risks.
Finastra launches apps built with FIs on FusionFabric cloud platform
Allied Payment Network and Monotto launch on Finastra marketplace.
Millennials more likely to report fraud than older generations, finds FTC
People aged 20-30 happier to report scams than those over 40.
UK finserv industry says public are stifling technology adoption
The industry fears it will miss out on key innovations.
Metro Bank chairman to step down
Vernon Hill will leave the bank at the end of 2019 after a turbulent year.
Fintech Dave hits $1bn valuation after two years
Dave has four million users on its financial management app.
Dutch bank de Volksbank partners with Kubernetes and Rancher Labs to overhaul IT system
It’s hoped the partnership will also drive the bank’s growth.
Bnext becomes first fintech in Spain to raise a $25m Series A, plans LatAm expansion
The round was led by DN Capital, Redalpine and Speedinvest.
SMB expenses start-up DiviPay raises $2.3m in round led by ANZ Bank
The fintech has created a virtual credit card.
Worldline and Conduent to build new ticketing system for Paris transport
Consortium had to link 14 different systems together.
Challenger bank bunq launches in UK and 21 other European countries
The bank is active in all EU countries and a handful of EEA ones, too.
PayPal is first foreign company to nab Chinese payments licence
Acquisition of GoPay gives PayPal a way into the Chinese market
20th Banking Technology Awards: showcase your brand to decision-makers at banks
Get your brand seen by the brightest and most innovative decision-makers in the industry and network with them at a spectacular gala ceremony!
Rapyd secures $100m in funding to bolster “fintech-as-a-service”
Oak HC/FT, Tiger Global, Stripe and more get involved in funding round.
Atloona Bank partners with CSI in the face of cybersecurity risks and tighter regulations
CSI will become the bank’s new managed services provider.
Banks must improve cyber risk culture, says MAS panel
Singaporean regulator’s experts call out bank culture.
NAB executive resigns amid extensive cloud migration
Yuri Misnik spearheaded NAB’s switch to Amazon Web Services.
Objectway signs new wealthtech customer in vdk bank
Belgian bank builds out systems with two modules from Objectway.
Open Banking app VibePay launches in the UK
1,000 “selected members” will test the service.
DUCA Financial Services Credit Union picks Fiserv DNA as new core system
Celero will be providing implementation support.
Regulators could delay Facebook’s Libra launch, says executive
Libra’s MD says regulators must be “fully onboard” first.
UK Finance launches cash initiative, calls for bigtech collaboration
It’s “vital” that telecoms, retailors and infrastructure providers take part.
Will Smith and Kevin Durant part of $20m investment in Mercury
The bank launched in April this year.
FCA fines Prudential £23.8m for misselling retirement products
Thousands of customers will receive £6,380.51 each
SEC introduces new rule to boost ETF competition
US regulator hopes to break open a market dominated by large players.
Swedish challenger bank PFC goes live on Mambu technology
Mambu banking engine gets green light 10 months after launch.
Revolut reveals new agreement with Visa, set to hire 3,500
Revolut is eyeing up several new markets in 2019 and 2020
Moneyfarm raises £36m, launches wealth management partnership with Poste Italiane
Moneyfarm aims to build “a more financially secure future”.
Bank of China and IBM team up to launch series of innovation labs
Big Blue helps set up first lab Singapore, with seven more to come.
