Uber presses pause on financial services play
Uber Money head Peter Hazlehurst is leaving the ride-hailing giant.
Banking
BNY Mellon extends Azure partnership to boost ESG investment
The US bank has launched three new data and analytics tools.
Adverse media screening: a key pillar of financial crimes compliance
Can we leverage AI to enhance the effectiveness and efficiency of adverse media screening?
FinTech Futures and Jobbio team up to launch FinTech Futures Jobs
Launching an exciting new jobs board for the global fintech community.
Video: Top fintech stories this week – 26 June 2020
FinTech Futures’ weekly news round-up.
White paper: The biggest threat to the financial services industry is BigTech
A guide to navigating technology challenges while avoiding common, costly pitfalls.
“Operational efficiency” report ranks US commercial banks
Charles Schwab Premier Bank and Bank of America California scored highly.
Mastercard set to acquire Finicity for $825m
This follows a similar acquisition of Plaid by rival Visa in January.
Credit Sesame’s banking service uses i2c payments platform
More than 200,000 users have opened a Sesame Cash account.
Liquidity risk COVID-19: big vs small data
Banks must be prepared to perform deep due diligence on their credit lines and loan books.
Cloud banking provider nCino files for IPO in US
nCino plans to raise $100 million in its IPO.
Bank of England apologises for role of former governors linked to slave trade
British taxpayers have been paying off slave owners from 1833 to 2015.
Lucy Hagues steps in as Capital One UK CEO
Hagues takes over from Amy Lenander, who heads stateside.
Mambu inks partnership with Google Cloud
Technology firm will host its platform on Google infrastructure.
MayStreet secures $21m Series A investment
The investment will be used to accelerate MayStreet’s product development and expansion.
Payfone identity verification firm lands $100m
The firm uses mobile data to create a “trust score”.
Designing the digital services that US SMBs deserve
They’re also intrinsically linked to the powerful notions of freedom and the American Dream.
Video: Top fintech stories this week – 19 June 2020
FinTech Futures’ weekly news round-up.
COVID-19: will fintechs crash, survive or get bought?
What can fintech firms do to ride out the storm?
Community Financial Credit Union picks Orpheus from Access Softek
Michigan-based credit union extends seven-year deal with tech firm.
CFTC fines Deutsche Bank $10m for swaps failure & trade spoofing
Banking giant caught out by US regulator.
Santander gets US challenger bank Upgrade to unicorn status
The San Francisco-based challenger has landed a $40 million Series D.
Credit Sesame acquires Canadian challenger Stack for international expansion
The US loans company is absorbing all Stack employees.
Friends in low places
If you want something done in a bank you don’t need friends in high places. You need friends in low places.
Five steps that will change reconciliation forever
What does the future of reconciliation look like?
Report: Ten trends in reshaping banking in 2020
Business model, agile organisation, ubiquitous automation, technology modernisation, and culture and workforce transformation.
RBC-backed start-up Mydoh launches banking offering for kids
The app and smart card launched more than two weeks ago.
IBM returns to M&A market with cloud acquisition
The acquisition is IBM’s first since its $34bn buyout of Red Hat in 2018.
SAFE Federal Credit Union goes live on Symitar core
The $1.1bn credit union completed two-year migration.
Chase Bank signs mobile banking deal with Sensibill
The fintech to provide receipts management in Chase’s banking app.
Canadian and Taiwanese regulators sign fintech sandbox agreement
The regulators will build a “referral mechanism” between their fintech sandboxes.
Bank of America goes live on securities platform from Wematch and Pirum Systems
The combined system made its first transaction on 10 June.
Reaping the real benefits of data sharing
Data sharing enables banks to more effectively serve customers across the lifecycle.
Video: Top fintech stories this week – 12 June 2020
FinTech Futures’ weekly news round-up.
Chargeback raises $6.6m in Series A funding
The round was led by Fintop Capital and Next Frontier Capital.
Two credit unions go live on Corelation KeyStone
Corelation gains a pair of go-lives in Hawaii and Pennsylvania.
Banking Technology June 2020 issue out now
Real-time payments and fraud: balancing customer relationships and security.
Tell it cos it’s a good story
Why do all these dreamers and makers and poets work in banking transformation?
Video: Coforge – harnessing emerging tech and deep domain expertise in financial services
Digital services, intelligent automation, data & analytics, cloud & infrastructure – engage with the emerging!
Bank of America’s Merrill revamps client management workstation
The old system has been in place since the early 2000s.
