EXCLUSIVE: Oracle wins deals with Mashreq Bank and Desjardins
Oracle has also picked up a new deal in Bangladesh.
Retail Banking
IDC Snapshot: Improving operational excellence and customer experience in retail banking
Organisations that have a common business and technology roadmap have had more success than those with separate plans.
JP Morgan fires staff for COVID-19 relief funds fraud
The largest bank in US clamps down on suspicious staff activity.
IDC Snapshot: Establishing operational resilience to achieve customer excellence
The ability to simplify & streamline tech supporting important business services, leading to better customer outcomes.
GAO urges FDIC to stop examiners fishing for bank jobs
Congress’s investigative branch calls on bank regulator to do more.
Regulators’ “fast and furious” AML fines don’t tell the whole compliance story
FinTech Futures speaks to Fenergo’s Rachel Woolley about the rise in penalties.
First Bancorp completes $1.1bn acquisition of Santander Puerto Rico
The merger is expected to complete in Q2 2021.
Varo Bank goes live on Temenos Transact core banking system
New US bank prepares for post-launch life with Temenos.
Video: Top fintech stories this week – 28 August 2020
FinTech Futures’ weekly news round-up.
TD Bank pays $122m for obscuring overdraft penalties
US bank charged by CFPB for anti-consumer practice.
Manzil launches Halal Visa card in partnership with Koho
Canadian firms partner up to debut new card.
FIS debuts subscription-based core banking for US community banks
The US vendor aims to supply community banks with bundled software.
Robinhood’s value tops $11bn on new funding round
The new valuation increased by nearly one-third from a previous round just one month ago.
Wells Fargo compliance chief Mike Roemer steps down
The major US bank is undergoing a risk restructure.
Standard Chartered signs multi-year cloud deal with Microsoft
The bank is shifting a series of systems to the cloud by 2025.
Agora Services debuts teen and SMB banking solutions
The new white label system aims to help bank serve teen and SMB customers.
TD Bank extends 15-year partnership with TSYS
TSYS adds a few years to ongoing payments deal with TD Bank.
New US challenger bank Simba plans to support migrant communities
Simba is built for those “who came to the US seeking financial freedom”.
Philadelphia’s Asian Bank picks CSI NuPoint
Community bank in the US city aims to boost digital services.
Wells Fargo mulls job cuts amid loan losses
The major US bank is looking at a strategic overhaul.
SoFi files banking charter application with OCC
The $4.3 billion fintech wants to take another crack at banking.
Report: A new decade of core banking transformation
A new FinTech Futures report examining the role of core banking in the industry today.
Deutsche Bank signs Google Cloud strategic partnership
Deutsche picks Google after five-month negotiation period.
The Peoples Community Bank picks Finastra for new core system
Fusion Phoenix deployed at Wisconsin-based bank.
65% of banks say legacy systems holding back Swift gpi adoption
Volante, HSBC and Deutsche Bank, share their insights on a recent webinar regarding Swift gpi.
Report: Five success factors for an ideal ISO 20022 migration
ISO 20022 represents an opportunity for banks to reinvent the way they operate.
Lucy Hagues steps in as Capital One UK CEO
Hagues takes over from Amy Lenander, who heads stateside.
Chase Bank signs mobile banking deal with Sensibill
The fintech to provide receipts management in Chase’s banking app.
Banking Tech Awards 2020 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Introducing FinTech Features – showcasing the best in fintech on 30 June
A new digital platform for the financial services professionals to learn about the latest technologies and solutions.
San Francisco neobank Aspiration raises $135m in Series C round
The socially conscious fintech plans further growth with cash injection.
Fortunis capital invests £15m in UK fintech Karma
The voucher lending app was trialled in the UK with support from the Scottish government.
Citizens Bank taps Teslar Software to improve portfolio management
The Arkansas-based bank turned to Teslar following a recommendation from a compatriot lender.
HSBC freezes redundancy plans as COVID-19 hits $6bn overhaul
London-headquartered bank releases Q1 earnings with stark warning for Europe.
Owning customer relationships is a key priority for banks in the era of open banking
The number one concern, unsurprisingly, is ensuring online security.
PayTech Awards deadline extended! Submit your entry by 30 April
We have received more requests for extensions than ever before, so we are extending the entry deadline again until the end of April.
Four US credit unions pick Bankjoy for online banking
Four credit unions holding combined $724m in assets select Bankjoy’s systems.
HSBC launches mobile onboarding in mainland China
UK-headquartered bank is the first foreign lender to launch mobile onboarding in China.
How banks’ platform strategies are shaking up the fintech industry
A shift to the digital landscape has not been plain sailing for financial institutions
PayTech Awards deadline extended! Submit your entry by 10 April
Premier awards for banks, financial, payment & e-commerce institutions, paytech vendors, individuals & teams!
