Funding Circle Joins CFSI
Small-business lending platform Funding Circle has become a Financial Health Network member of the Center for Financial Services Innovation.
Financial Services/Finserv
Top 5 Best Challenger Banks: Spotlight Profiles
Our Top 5 Challenger Bank spotlight series is complete. Get to know the challengers—Cashplus, Varo Money, Revolut, Capital on Tap and Fidor Bank—looking to shake up the status quo with tech and a superior customer experience.
BCBS ponders implications of fintech developments, calls for public feedback
Basel Committee on Banking Supervision (BCBS) has published a report, “Sound practices: implications of fintech developments for banks and bank supervisors”, and is asking for public feedback until 31 October 2017.
E-book: Top 5 challenges of digital transformation and how to tackle them
Get practical advice for overcoming the top 5 challenges of digital transformation, revealed by research in over 1000 enterprises around the globe. Are you struggling with inflexible legacy technologies? Or a lack of collaboration between business and IT teams? You’ll find the answers here. Download your copy of the Bizagi e-book to see: The 5 most […]
Six new banks join UBS-led utility settlement coin plan
The UBS-led effort to create a digital cash model for payments and settlement on blockchain has got six new banks onboard, according to the Financial Times. As Banking Technology reported in August last year, BNY Mellon, Deutsche Bank, ICAP and Santander joined UBS and Clearmatics to advance their utility settlement coin (USC) concept, and plan […]
Fintech: beware the fake news
In every aspect of life, sentiment overshoots. We overbuy and oversell securities. The political pendulum swings from left to right. Shops run out of ultra-fashionable goods only to heavily discount excess stock a couple months later. Ben Robinson, chief strategy officer at Temenos, explains how this is not a new phenomenon, but has got worse […]
Blockchain and Bitcoin round-up: 31 August 2017
Audio ambitions, accelerators and an association. It’s our latest blockchain and Bitcoin round-up. Featuring Anryze, Starta Accelerator and the Russian Association of Blockchain and Cryptocurrency. Anryze, which provides a blockchain platform designed for speech recognition and analysis, has announced it will hold a token sale to develop its product and expand into new markets. The […]
Top 5 Best Challenger Banks: Fidor Bank
Our final spotlight article for our Top 5 Best Challenger Banks list is the only actual bank in the bunch. See how Germany-based Fidor Bank stacks up against the high street banks and its nonbank competitors.
Fintech firms unrelated to acquisition offer running commentary
For reasons that probably lie in the lack of a marketing and sales budget, the acquisition of payments provider Bantam Banana (don’t ask) by fintech behemoth Moby Trick (founded by Merman Helville) has prompted a flurry of comments from companies that have sweet F.A. to do with the event. Financial terms of the acquisition were […]
Alexa gets into bed with Cortana
Amazon and Microsoft have announced their previously competing voice-driven artificial intelligence (AI) assistants are now an item, reports Telecoms.com (Banking Technology‘s sister publication). The world can be a lonely place for virtual assistants. All the company they have are demanding millennials constantly asking what their latest email is or a retiree wondering what the weather […]
Google chases down Apple with ARCore launch
Google has responded strongly to Apple’s front-running approach to augmented reality (AR) with the launch of a new AR platform, reports Telecoms.com (Banking Technology‘s sister publication). ARCore is the Android equivalent to the Apple ARKit; in short, an AR reality platform for developers. It’s not the first time Google has had a crack at the […]
Top 5 Best Challenger Banks: Cashplus
Meet our No. 1 on the Top 5 Best Challenger Banks list and find out why CEO Rich Wagner says the company belongs there.
Apple and Accenture announce alluring alliance
Apple and Accenture have jumped into bed with each other to create a new digital agency which will help customers design business solutions for iOS, reports Telecoms.com (Banking Technology‘s sister publication). It’s a relatively simple idea; the digital economy is growing and people want to make money off it, but they don’t know how. In […]
Webinar: Lessons learned from the first year of CRS reporting obligations
Financial institutions face unprecedented data management and compliance challenges as they continue to grapple with multiplying CRS and FATCA (AEOI) related global tax transparency regulations. A year on from our first FATCA and CRS survey, Thomson Reuters and Banking Technology joined forces to survey the industry – to assess the challenges faced by financial institutions […]
Five solutions for the challenges women face in tech today
In the most recent InsurTech Bytes podcast, Sarah Greasley, CTO, Direct Line Group, opened up about her experience as a woman in fintech, the challenges and the solutions. FinTech Futures (Banking Technology’s sister company) uncovered the solutions for five of the key hurdles in her career. 1: Entrepreneurship and empowering risk taking Challenge: From a […]
Fintech funding round-up: 25 August 2017
Banknotes and stories of note. Our latest fintech funding round-up features Suretly, Ezetap and SparkLabs Global Ventures. Crowdvouching start-up Suretly, dubbed “Tinder for loans” (a lovely image), has raised $2.8 million. The online exchange offers micro-loan guarantees and secured the funding from the cryptocurrency community. SUR tokens issued by the company will be accepted in […]
Blockchain and Bitcoin round-up: 25 August 2017
Nations, platforms and some bad news. It’s our latest blockchain and Bitcoin round-up. Featuring securities in South Korea, KyberNetwork and the suspended First Bitcoin Capital Corp. Over in South Korea, 18 securities firms will start offering blockchain-based authentication services from October for the “first time in the world”, according to BusinessKorea. This follows the investment […]
Top 5 Best Challenger Banks: Varo Money
“There’s a reason that the bank of the future hasn’t been created yet—it’s extremely difficult,” says Top 5 Best Challenger Bank Varo Money. See if you think they’ve got what it takes to rise to the challenge.
Top 5 Best Challenger Banks: Capital on Tap
Get to know the SME lending specialist that’s challenging U.K. high street banks by providing zero percent interest when balances are paid in full within 37 days.
SimCorp bags three wins in asset and investment management space
SimCorp is smiling as it’s secured three sweet wins in the asset and investment management space with C WorldWide Asset Management, Novo Holdings and FIIG Securities. Denmark-based C WorldWide Asset Management (formerly Carnegie Asset Management) has extended its Dimension licence agreement to include Data Warehouse Manager and will be replacing its current reporting solution with SimCorp Coric’s […]
3 Ways to Drive User Experience Success and Value
Designing the user experience consumers expect in digital banking is less about seeing what sticks and more about seeing what stands up to real-world human examination and use.
Synechron teams with R3 for KYC project on blockchain
Financial services IT consultancy Synechron is working with enterprise software firm R3 on a distributed ledger technology (DLT) collaboration to develop a know your customer (KYC) solution. The solution will be built on R3’s Corda platform – that “operates in strict privacy in an open, global network”. The project aims to improve data collection, data […]
Qualcomm lays out AI vision of the future
Qualcomm’s view of the future is one in which every smartphone, device and car on the road is equipped with artificial intelligence (AI) via a connected – Qualcomm – chipset, reports Light Reading (Banking Technology’s sister publication). The company laid out this AI-driven view of the world last week as its Qualcomm Technologies subsidiary announced the […]
Douugh Rises to Challenge with AI-Powered Banking
Banking challenger Douugh has unveiled its artificial intelligence-powered financial platform, guided by “Sophie”—a 24/7 personal assistant for finances.
Mind the reality gap fintech
A new survey has highlighted the differences between customer expectation and experience in the fintech industry, with many companies failing to deliver the value that consumers crave. It has also flagged up the low standing that CEOs have as credible sources of information. According to public relations (PR) firm FleishmanHillard Fishburn’s (FHF) “Authenticity Gap” survey, […]
Rabobank builds 3D model of its own IT landscape
Mapping the IT landscape of a large organisation is probably not an easy task and Rabobank is attempting to resolve this via the construction of a 3D model of its own structure and supporting IT systems. In a LinkedIn post by Hans Tesselaar, executive director of the Banking Industry Architecture Network (BIAN), a not-for-profit fintech […]
People on the Move: Malcolm Fowler, Moneris
Toronto-based merchant acquirer Moneris Solutions Corp. has appointed Malcolm Fowler chief product and partnership officer.
Fintech funding round-up: 18 August 2017
We’ve got your back if you want to keep track of financial backing. Our latest fintech funding round-up features Options, Instamojo, AnyPay, Aegon and Funding Circle. Options, a provider of cloud-enabled managed services to capital markets, has received nearly $100 million in investment from New York-based private equity firm Bregal Sagemount. The money will be […]
Physical containers – reused in novel ways. Does that include nextgen branch offices?
With standards as simple as what we see with shipping containers, creative folks will begin considering options for almost anything that can benefit from these containers being mobile. The user experience that today we enjoy with mobile devices has changed the very heart of today’s data centre even as we see on-premise IT moving to clouds. Couldn’t a case be made that such flexibility be embraced even more aggressively in the future and couldn’t that change the very way we view banking as it continues to transform?
Infographic: 58 insane facts about Bitcoin
Did you know that the FBI owns 1.5% of the world’s Bitcoin!? Get ready for some super scrolling with “ten years of the world with Bitcoin” – and 58 insane facts. Infographic and research courtesy of Bitcoin Casino. Source: Bitcoin Casino
Blockchain and Bitcoin round-up: 16 August 2017
Blockchain and Bitcoin are flying high – literally in one case – as we now have satellites in space. Our latest round-up features Bitcoin Cash, Blockstream, Falcon Private Bank and Bitcoin Suisse. Bitcoin’s value doesn’t need to be discussed every day, but today (16 August) on the US-based Bitfinex exchange, it has been holding at […]
AWS beefs up security with new bouncer named Macie
Amazon Web Services (AWS) has launched a new machine learning-based security service, which it claims will help customers identify anomalies inside their network, reports Telecoms.com (Banking Technology‘s sister publication). The launch comes only a month after its S3 storage hit the headlines for all the wrong reasons, as Verizon customer data was left on an […]
Industry bullish on promise of fintech – Opimas research
Market players are bullish on the near- and longer-term promise of fintech, according to new research by Opimas, “Fintech Spending and Innovation in Capital Markets”. In 2017, it estimates fintech spending across all capital markets participants to exceed $127 billion.
The Monday mindset: 14 August 2017
Fintech zeitgeist! This week, Banking Technology’s editor Tanya Andreasyan muses about the growing trend of celebrity endorsement in the fintech world.
HSBC digitises global trade with IBM
HSBC and IBM are working on a project “to develop a cognitive intelligence solution combining optical character recognition with advanced robotics to make global trade safer and more efficient”.
The Monday mindset: 7 August 2017
Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. This week, Devie Mohan, founder of fintech research and data company, Burnmark, examines the ethics of artificial intelligence (AI). I was asked to speak […]
Banking Technology Awards: how to write a winning entry?
With less than one month left to nominate for the Banking Technology Awards, now is the time to polish up on your entry. The question we get asked often is how to write a winning entry. Well wonder no more, we have a few tips for you on what to include. The more detail the better! Dates […]
Getting to experience thinking
“We’ve got a great idea we think you’re going to love.” Despite its manifest flaws, this is the approach that has long dominated the development of new products and services. While introducing products that people love is an exemplary goal, real omniscience has proven to be distressingly rare.
Podcast: Amazon is everywhere
11:FS Fintech Insider podcast featuring FinTech Futures’ Tanya Andreasyan.
Banking Technology Awards: celebrating people that make things happen
This year’s Banking Technology Awards will be taking place on 13 December in London and once again we will be celebrating people that make things happen! The Leadership Awards will recognise individuals and teams that made a considerable contribution to our industry. What are the categories you can nominate in? Woman in Technology (W.I.T.) Award, in partnership with FemTechGlobal, will […]
