Yolt gets closer to all-in-one banking app with Raisin
Yolt’s UK, France and Italy-based users can now open a Raisin account.
Europe
Norway’s largest bank set to monopolise country with all-access mobile banking app
DNB has access to every bank in the country.
HKEX drops £32bn bid for London Stock Exchange
“We only regret the chances we didn’t take,” says HKEX CEO
Russia’s Sberbank catches internal culprit of data leak
The leak could have affected at least 200 of its customers.
PayExpo 2019: Europe will catch the UK’s open banking lead up in a year, says Danske Bank
Danske says the European landscape lends to more unique businesses.
Bottomline’s merger with EPG sparks UK regulators to investigate impact to competition
The CMA worries the merger will “result in a substantial lessening of competition”.
Decentralised vs centralised exchanges: a comparative analysis
Crypto is not about rolling the dice but it’s about making tough decisions.
ACS19: Bank execs need cybersecurity safe space
90% of breaches at firms are still attributed to employees clicking on phishing emails.
PayExpo 2019: Monzo COO not so sure it needed to be a bank for its success
His reasons boil down to expensive, slow and heavy hoops since its licence.
PayExpo 2019: We will be taking action, says FCA on insufficient safeguarding
The regulators found banks are delaying safeguarding precautions.
Thought Machine deploys Vault core platform at SEB innovation hub
SEB’s studio set to experiment with cloud-based core system
ACS19: Banks still face cybersecurity challenges despite improvements
“Cybercrime-as-a-service” within the dark web makes the task for law enforcement harder.
Wallets – the flexible way for banks to maintain competitive advantage
Mobile wallets for payments and loyalty provide the perfect weapon for banks seeking to fight off competition.
Consumer champion app Snoop goes live, founded by ex-Virgin Money execs
The UK-based fintech is accepting sign ups on its waiting list.
FSB investigating the regulatory potential of stablecoins
Emerging scale could pose challenges, says FSB chair
Deutsche Bank to create new technology division
German lender aims to improve technology innovation
UK challenger bank Tide gets investment from Japan’s SBI
The Telegraph says the SBI splashed £44 million on the British fintech.
Mandates and machines: The power of technology to bridge regulatory gaps
The SFTR challenge is complex, but technology can bridge these gaps.
NatWest first UK bank to use fingerprint contactless credit card with £100 limit
Bank trials fingerprint-linked cards with 150 people.
UK government appoints fintech envoy for Northern Ireland
Andrew Jenkins to become lead ambassador for fintech in the country
CoinCorner CEO: Mark Cuban “naÏve and short sighted” about bitcoin
Cuban says he prefers bananas to Bitcoin.
HSBC plans 10,000 job cuts in fresh cost-saving exercise
Global bank plans to cull high-paid roles.
ESAs identify weaknesses leaving high-volume transaction firms open to money laundering risks
The three European Supervisory Authorities (ESAs) publish their second joint opinion.
IM payments arrive in Eastern Europe for Viber customers
Romanian Libra Internet Bank is acting as local acquirer.
FCA cryptocurrency investigations rise 74% in 2019
Watchdog having a deeper look at crypto industry.
The challenges for banks and fintechs when building a partnership
Chris Ward, author at Mapa research, dissects the changing definition of ‘partnerships’ in fintech.
Video: Top fintech stories this week – 04 October 2019
FinTech Future’s weekly news round-up.
Samsung gears up digital wallet with debit card and cross-border payments
‘Samsung Pay Cash’ and ‘Money Transfer’ are just the beginning.
Nationwide exec: Banks can’t do everything
App glitches can often be the customer’s fault, he says.
Glint Pay administrators: Customer money is safe but frozen
The app says there are no “deficiencies or inaccuracies” in funds.
Banking Technology October 2019 issue out now
Lessons from Africa.
Emerging markets seeking London’s fintech crown
City of London mayor gives UK firms stark warning.
Sberbank data leak may have exposed 60m customer accounts
Russian bank confirms 200 accounts have been compromised so far.
Novo Banco refreshes payments with Fiserv
Fiserv to switch up Portuguese bank’s end-to-end billing.
LendIt Fintech Europe 2019: towards better financial health
Creating both better outcomes for consumers and sustainable business models.
FCA: Libra will lead to financial exploitation
Regulator fears the crypto will bypass payment services.
Majority of UK SMBs consider late payments “corporate crime”
55% put the ‘crime’ on a par with fraud.
Revolut’s losses double to £33m as it gears up to hire staff, expand reach
The fintech’s losses have gone from £14.8m to £32.8m in one year.
International regulators investigating tech firms’ cloud dominance
Financial Stability Board casts a wary glance at cloud giants
NatWest teams up with Microsoft and DreamQuark to predict markets with AI
The new platform will use AI to spot opportunities and risks.
