Manzil launches Halal Visa card in partnership with Koho
Canadian firms partner up to debut new card.
Banking
Banks need a single brain
Every bank needs a single brain to anticipate the needs, wants and quirks of every customer.
Six ways financial services will adapt to BigTech in the UK market
BigTech companies excel at giving customers what they want.
FIS debuts subscription-based core banking for US community banks
The US vendor aims to supply community banks with bundled software.
Commonwealth collaborates with JP Morgan on emerging tech
The initiative will focus on helping lower- and moderate-income people’s financial lives.
The revolution will be regulated
When it comes to digital adoption, the regulator has been the biggest driver of change in the more mature markets.
Live webinar: The role of digital identity in a physically distanced world
Novel approaches to digital identity verification to securely onboard and engage with consumers – and at a distance.
Wells Fargo compliance chief Mike Roemer steps down
The major US bank is undergoing a risk restructure.
MUFG Union Bank appoints Devon Bryan as new CISO
Bryan arrives at the bank from a CISO role at KPMG.
The social-savvy wave of entrepreneurs
They will push traditional banks to pivot their offerings once again.
Buyer’s guide to modern web-scale backup & recovery
Providing guidance and assistance for IT professionals looking to re-evaluate their current data protection practices.
John Legend-backed challenger Cred.ai runs beta in US
The fintech has built its own underwriting which it intends to outsource.
Linn-Co Federal Credit Union goes live on Episys core system
Credit union completes core switch despite COVID-19.
ABN Amro winds down savings arm of Moneyou
Moneyou has around 500,000 clients spread across the Netherlands and Germany.
Video: Top fintech stories this week – 14 August 2020
FinTech Futures’ weekly news round-up.
Banks adapting to post-COVID-19 world overlook power of data
Banks can use data to stand out from the competition and fortify their position.
White paper: Insider’s guide to secure & cost-effective storage solutions for financial services
Object storage consolidates massive data sets into a single, easily-managed and cost-effective environment.
Dosh powers PayPal’s Venmo and US challenger Jelli
The fintech says it will soon have 60 million indirect users.
Magic mistakes and how to make them
Do everything in your power to minimise the avoidable mistakes and the impact of the less exciting omissions.
OE Federal Credit Union picks Symitar’s Episys system
The credit union plans to host the Episys system on the cloud.
US Bank commits $1.15m to Black-led partners to “close racial gaps”
Some 15 partners will receive grants from $50,000 to $100,000.
Facebook forms financial unit led by Libra creator
The new division will cover all financial endeavours by the company.
Standard Chartered signs multi-year cloud deal with Microsoft
The bank is shifting a series of systems to the cloud by 2025.
Police Credit Union picks NCR digital banking platform
The credit union plans to support an expansion in membership.
Streamlining manual processes amid COVID-19
Find out how to digitise manual documentation processes with Foxit Software.
Banking offering for landlords Zibo lands $10.5m
Zibo is a fintech for the “underserved landlord”.
Business banking challenger Wise launches premium account in US
The Californian challenger piggy backs off BBVA.
BankMobile sells for $35m less than failed deal three years ago
BankMobile was supposed to be acquired back in 2017.
ICE agrees $11bn Ellie Mae acquisition
Exchange operator aims to boost its nascent mortgage business.
Agora Services debuts teen and SMB banking solutions
The new white label system aims to help bank serve teen and SMB customers.
Goldman appoints Mathew McDermott as head of digital assets
An old-school banker takes a digital currency role at Goldman.
Capital One fined $80m for 2019 data breach
US firm pays the price for hack that exposed data of 106m customers.
Canadian neobank Koho seeks new CTO
Kris Hansen heads back to venture capital backers to build “new adventure”.
US challenger Purple to tap America’s disabled community
The fintech allows users to receive disability benefits up to two days early.
PayPal nabs Wells Fargo’s Peggy Mangot for venture capital role
Mangot was behind the launch of Wells Fargo’s challenger app Greenhouse.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
After divorce comes engagement for banks
For a bank to engage with a customer, they need to go beyond the initial request.
Financial comparison marketplace Crediverso to launch in US for Latinos
Currently in beta, the 2019-founded start-up is yet to go live.
Global Payments signs cloud deal with AWS
The multi-year deal moves Global Payments systems into the cloud.
Money20/20 finally calls off Europe and US shows
It specifically cites the friction with regards to travel and COVID-19 developments.
