Open Banking Expo 2019: Innovation by regulation is a “flawed idea”
Panel believes that banks and partners can be trusted to innovate without deadlines.
Europe
PFS sells up to Australia’s EML Payments for $290 million
EML aims to become “one of the largest fintech enablers in open banking”.
HSBC and RBS race to launch new digital banking platforms
HSBC Kinetic is in beta testing, RBS’ neobank Bó is to launch this month.
Crypto bank SEBA launches Swiss offering after FINMA greenlight
SEBA secured its banking licence in August 2019.
Revolut appoints new chairman
Martin Gilbert will begin his role as of 1 January 2020.
Investment firm Castle Trust to become UK challenger bank
The firm calls it the “natural next step”.
What does AI mean for the banking industry?
It’s beginning to look like the impact of AI on banking will be much more subtle.
Hungary’s National Bank fintech strategy combats digitisation lag
The national bank has drawn up its own fintech guidelines “to speed things up”.
BIS appoints head of its new innovation hub
Benoît Cœuré joins from the ECB executive board.
ING invests in regtech Ascent
The Dutch bank backs AI-driven regulatory compliance solutions.
The Nordic payments revolution
The Nordics offer the perfect playground for experimentation.
Putting female STEM into financial systems: the role of gender diversity in fintech
Fintech founders must address the gender balance early.
Fintech Talents 2019: Bank leaders still struggling with digital transformation
Responsibility is on both sides to ensure bank execs understand the benefits, argues Locsin.
Fintech Talents 2019: Banks must grab digital opportunity
Industry panel argues that change is coming for all lenders.
Eileen Burbidge steps down as chair of digital bank Tide
She gave up her role at Tide following a funding round.
Agility and choice through integration
Financial product providers should make the most of the flexibility and speed offered by integration.
JP Morgan invests in research filter solution for FIs Limeglass
Limeglass is a graduate of JPMorgan’s ‘In-Residence Program’.
Failed London Stock Exchange bid costs HKEX $16m
Majority of the figure down to consultants and advisory fees.
Ecommerce insurtech Cover Genius raises $10m in Series B round
The round will fuel further growth into the UK, the US and Asia.
Nordea’s chief digital officer quits ahead of bank’s next digital phase
MacLeod feels it’s “the right time” for him to leave.
Visa invests in ultrasonic payments firm Lisnr
Lisnr plans to take on NFC and QR-based payments.
Three key steps that can put banks ahead in the sustainability revolution
Including adopting sustainable technology and processes lowering your carbon footprint.
The trainer and the tech
Digital design teams need to surround themselves with a diverse group of colleagues.
Immersive Labs lands $40m investment round, opens Boston office
The start-up sees clear demand for cybersecurity support in North America.
AI: A force for good?
The last of the two part series by Nadia Sood, CEO at CreditEnable.
Video: Top fintech stories this week – 08 November 2019
FinTech Future’s weekly news round-up.
Standard Chartered latest bank to join Enterprise Ethereum Alliance
The bank will aim to deepen the EEA’s blockchain research.
Sokin CEO: We’ll turn remittances on its head
Sokin’s CEO believes disruption hasn’t hit remittances yet.
Clearpay helps Marks & Spencer tap millennial generation
The paytech charges the merchant rather than the consumer.
CaixaBank opens “urban oasis” for Barcelona customers
The space will have Michelin star chefs and virtual rural landscapes.
Silicon Valley Bank expands to Denmark, announces new MD Sebastian Penn
The bank is already backing more than 20 companies in the region.
Avaloq lays groundwork for 2020 sale
Swiss firm’s divestment from Warburh Pincus is picking up steam.
UK challenger Tandem Bank announces Hong Kong expansion
First step overseas for the London-based neobank.
Digital banking 2019: top opportunities and cornerstones in IT product development
People want nothing but financial flexibility and convenience when it comes to money management.
Swift and EBA Clearing kick off ISO 20022 migration for EURO1
Swift has provided the messaging layer for EURO1 since 1999.
AI savings firm Chip Financial nabs £3.5m from angel investors
The London-based start-up has raised £7.5 million so far in 2019.
Backbase Connect 2019: Final round-up and key takeaways
How banks will survive the “neo-reality”.
Nets makes changes to the executive committee
This includes a new CEO of Issuer and eSecurity Services and group CHRO.
Backbase Connect 2019: Backbase’s CEO says its biggest challenge comes from its customers
Banks need to fully commit to a “neo-reality” digital transformation.
ISDA Technology Forum: Regulators struggling to match pace of innovation
Close alignment between policymakers and banks is needed.
