Sound practices: fintech implications for banks and supervisors
The BCBS research paper identifies ten key implications and related considerations for the industry.
Banking
Kony brings digital magic to Partners Federal CU revamp
Ploy Story or Beauty and the Increased?
US Bancorp hit with $613m fine for AML fails
Anti-money laundering activities not noticed due to a lack of staff and resources.
Softtek and Mambu unveil banking Platform-as-a-Service
SaaS-y engine provider partners with Mexican system integrator.
Amazon teams with Bank of America for lendtech leap
Looking to expand its lendtech programme for small businesses that sell on Amazon’s websites.
BBVA taps digital start-up Azlo to target US freelance market
Bank partners with business account provider for American dream.
Temenos enjoys software licensing growth of 22%
Revels in a decent 2017 and keeps the momentum gained in 2016.
Fintech start-ups acquired by banks – CB Insights
2017 saw more acquisitions by top US banks than any other year.
UK regulator plots global fintech sandbox
Financial Conduct Authority looking for views on the merits of a mega-model.
Bankjoy plays it SafeAmerica CU for mobile banking
US credit union enrolled 25% of its active users within the first day of the launch.
Payfone gets $23m in funding from Synchrony Financial
New round takes digital identity authentication company’s total funding to $93.6 million.
Clinc tops $4.5m in annual revenue
Conversational AI platform in the pink and hires a chief growth officer.
Mission to Mars: or how I manage to make everything about fintech
We don’t directly do good in our fintech-verse, but we push the world towards something better.
POPin’s video banking gets some love in LA-LA land
CalCom Federal Credit Union selects POPin’s interactive mobile video banking solution.
Global fintech funding goes over $31bn mark
Brings the total over the past three years to $122 billion.
LogMeIn goes for AI gold with Bold360 virtual assistant
A chatbot and virtual customer assistant to make service “more engaging and intuitive”.
NetGuardians signs first customer in North America
Canada’s FirstOntario Credit Union looks for help in fight against fraud and cybercrime.
Survey: Banking & fintech – how can commercial banks stay ahead?
Conducted by Fraedom and FinTech Futures to create a comprehensive study on banking and fintech.
Podcast: [the SME sector is] so hot right now
11:FS Fintech Insider show featuring FinTech Futures’ Tanya Andreasyan.
How the bank of tomorrow engages its customers today
Customer proposition depends on a data driven approach designed for early adopting, millennial professionals.
Brief: Deliver the digital bank
Speed up transactions in consumer banking and financial services.
Infographic: 77 facts about cybercrimes one should know in 2018
Did you know that 75% of mobile apps would fail a basic security test?
Radius Bank mixes it with Alloy for digital revamp
Massachusetts-based bank plans to become a digital-first entity.
US challenger Marathon International Bank to join fintech race
Will cater for the Ethiopian American community.
Entrust Datacard teams with Gemalto
Identity authentication and secure card issuance company partners with payment card supplier.
Strangers in a Foreign Land: when incumbent retail banks “go digital”
It’s not practicality that makes banking in a foreign country hard. It’s bankers.
Seven US states standardise fintech payments
Say hello to Georgia, Illinois, Kansas, Massachusetts, Tennessee, Texas and Washington.
Warburg Pincus buys majority stake in Fiserv lending business for $395m
Warburg Pincus is busy again with the acquisition of a 55% share.
Trunomi closes $3.5m round from CloudScale Capital
Consumer consent and data rights company collects some cash.
Blockchain and Bitcoin round-up: 6 February 2018
Features Virgin Money, Tech Bureau, Japan Net Bank, Waves Platform and Tokenomy.
Payments round-up: 6 February 2018
Stars SafeCharge, WorldRemit, Wing Cambodia Limited Specialised Bank, PaymentComponents and Amazon India.
Blockchain and Bitcoin round-up: 5 February 2018
Includes Lloyds, Bank of America, JP Morgan, Facebook and DeVere Group.
Industry alignment or industry confusion – what is a financial institution?
How industry labels and market segment boxes are no longer so revealing.
Chinese banks connect with London’s FX market
R5-SHCH Connect has gone live for “closer financial market activity between the two nations”.
Israel Discount Bank gets AI energetic with Personetics
Cognitive Banking Brain powers AI digital financial assistant Didi.
The five myths of Open Banking
Five key myths have been allowed to percolate in the minds of consumers and it’s high time these were busted.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
PayPal powers BofA Merrill digital payments
US-based commercial clients can now make payments in local currencies.
SoFi reportedly cutting 65 jobs from mortgage division
The Wall Street Journal reports the firm is looking to make its mortgage process more automated.
Moven lands investment from SBI, ponders bank acquisition
SBI and Moven to set up a joint venture to bring the latter’s tech to Asia and Asia Pacific.
