HSBC bids goodbye to loss-making US division as profits move to Asia
HSBC has sold its mass-market retail banking ops to Citizens Bank and Cathay Bank.
Retail Banking
Belfius Bank adopts OpenSpan’s Mobile Security Suite to protect mobile customers from cybercrime
As cybercrime activity increases steeply, the Belgian bank has extended its relationship with the US specialist.
Mission Lane acquires Honeydue to launch new debit card product
Honeydue has over 500,000 registered users in six countries and in three languages.
Video: Infosys Finacle on adapting to business model innovation
We talk about how traditional banking models have become disrupted, and how consumer demands need new experiences
US Century Bank picks NCR digital banking platform
$1.4 billion-asset bank impressed by “consistent” look and feel.
Amount raises $99m Series D to reach unicorn status
US fintech counts HSBC, TD Bank, and Barclays among its customers.
Analyst paper: Payments modernisation in retail banking
Re-evaluating current infrastructure and payments capabilities at banks has become necessary.
Silicon Valley Bank inks payments processing deal with Modern Treasury
Agreement will provide processing for SVB’s clients.
US Bank and Plaid sign API integration deal
US Bank customers will use Plaid APIs to connect to third party services.
ICYMI funding round-up: Mavience, VitraCash, KogoPay & more
We round up another selection of deals you may have missed.
Dear Luc: Should I offer multi-currency accounts to cover post-pandemic travel?
As the world opens up, our writer asks if multi-currency accounts are a necessity, and how to offer them.
Six steps to slash digital banking go-to-market time
We use the FinTech Insights platform to investigate how banks can reduce their time-to-market.
Video: pick of the week – European regulator in tech selection; new challenger bank in the US
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Banking Tech Awards 2021 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Fintech API firm Railz raises $12m in Series A funding round
Toronto-based start-up aims to solve “universal challenge for SMEs”.
Miami neobank Fortú launches with Galileo Financial Technologies
Fortú plans to focus on Latinx communities and their unique needs.
Liberty Bank signs digital banking deal with Alkami Technology
Connecticut-based bank seeks to revamp its services with Texan vendor.
Report: AI – the future of content management in financial services
Our latest deep-dive report focuses on the potentially revolutionary role of AI in banking content management.
State Street hires Aman Thind as new global chief architect
Aman Thind will drive the US bank’s technology transformation.
Nymbus lands $20m from Vystar Credit Union for new CUSO
Core banking vendor’s new project wastes no time in landing funding.
BNPL firm Affirm acquires Returnly in $300m deal
More than eight million shoppers have used the online return service.
BMO Harris Bank teams with Hope Trust to trial services for special needs clients
Hope Trust is a tech-based planning service and trust administration platform.
ICYMI funding round-up: Percent, Till Financial, Plooto, Nelo & more
More weekly funding deals which may have flown under your radar.
Nymbus lands $15m fresh investment from Financial Services Capital
Core banking vendor has now landed $31 million from the investor.
ICYMI funding round-up: Cardlay, Revix, Numidia, Payable & more
A round-up of the funding you may have missed this week.
Nomura hires former Barclays exec Jain as new CIO
Jain spent 13 years at Barclays, leaving as CTO in 2019.
FTC shutters San Fran fintech Beam for not delivering on 7% interest rate
“Don’t lie about your customers’ ability to get their money when they need it.”
Top 10 funding rounds in Q1 2021
The first quarter of 2021 has seen a handful of big rounds.
Jumio raises $150m in private equity investment
Firm lands “largest funding round” of the digital identity space.
Heartland Credit Union selects KeyStone as new core system
The bank says it picked KeyStone as the heart of a new technological change.
US de novo Lili targets freelancers with tax tools & early payments
It wants to give freelancers an “all-in-one” banking app.
ICYMI funding round: Fondeadora, SEON, Lendo, Nomanini & more
Plenty of funding rounds may have slipped you by this week.
How financial services leaders can create opportunities in a crisis
Retail banking is set to undergo up to three years of acceleration in digital banking preference just this year.
Canadian challenger Koho raises $56m in Series C funding round
The new funding is all headed towards building awareness in the market.
ICYMI funding round-up: Exabel, ClearGlass, Cheese, Flowcast & more
Plenty of funding rounds may have slipped you by this week.
SoFi to acquire Golden Pacific Bancorp in $22m quest for US bank charter
US fintech switches tactics to nab an existing licence.
Codat secures investment from Amex and PayPal
Codat gains big backers as it gears up for US launch.
FinTech Futures Industry Survey & Report 2021
A deep-dive into the trends defining 2021 and beyond, based on a comprehensive survey of the industry.
Payments Canada picks Interac for real-time infrastructure
Interac will use its e-Transfer service in the design, construction and maintenance of the system.
Thasunda Brown Duckett leaves JP Morgan Chase for TIAA
Duckett replaces the retiring Roger Ferguson.
