UK finserv industry says public are stifling technology adoption
The industry fears it will miss out on key innovations.
Europe
Metro Bank chairman to step down
Vernon Hill will leave the bank at the end of 2019 after a turbulent year.
Dutch bank de Volksbank partners with Kubernetes and Rancher Labs to overhaul IT system
It’s hoped the partnership will also drive the bank’s growth.
Bnext becomes first fintech in Spain to raise a $25m Series A, plans LatAm expansion
The round was led by DN Capital, Redalpine and Speedinvest.
Worldline and Conduent to build new ticketing system for Paris transport
Consortium had to link 14 different systems together.
Funding the revolution: the dawn of digital banking
Traditional banking giants are feeling the squeeze.
Objectway signs new wealthtech customer in vdk bank
Belgian bank builds out systems with two modules from Objectway.
Open Banking app VibePay launches in the UK
1,000 “selected members” will test the service.
Regulators could delay Facebook’s Libra launch, says executive
Libra’s MD says regulators must be “fully onboard” first.
UK Finance launches cash initiative, calls for bigtech collaboration
It’s “vital” that telecoms, retailors and infrastructure providers take part.
FCA fines Prudential £23.8m for misselling retirement products
Thousands of customers will receive £6,380.51 each
What you need to know before implementing artificial intelligence & machine learning
ML solutions should be trained in the three Cs of data visualisation: Correctness, context and category.
Swedish challenger bank PFC goes live on Mambu technology
Mambu banking engine gets green light 10 months after launch.
Moneyfarm raises £36m, launches wealth management partnership with Poste Italiane
Moneyfarm aims to build “a more financially secure future”.
Bank of China and IBM team up to launch series of innovation labs
Big Blue helps set up first lab Singapore, with seven more to come.
German government aims to correct MiFID II “excesses”
Federal Ministry of Finance is keen to kick off revisions before Spring 2020.
ISLA tells lenders how to avoid “unsustainable levels” of cost and risk
By standardising and automating, the industry will become “future-proof”.
Sibos 2019: Jane Loginova, COO at BPC
She spoke about their Smart Cities project and more!
NatWest online banking glitch exposes account details to wrong customers
Customers could see “bank details, balances and transactions” of other customers.
Sibos 2019 Roundup
Get in touch for 2020 Sibos opportunities with us now!
LendIt Fintech Europe 2019: digital identity – a nut that remains to be cracked
Over time, like the isolated email systems before them, digital identity solutions will become interoperable.
Danish fintechs partner to set new standards for accounting industry
Businesses can see transactions in seconds rather than days.
Sibos 2019: Christine Parker and Steve Morgan at Pega
See what they have to say about open banking and more!
Sibos 2019: Final wrap-up of talks, interviews and daily news
See our final wrap-up of the London-hosted four day event!
ABN Amro under investigation for anti-money laundering failures
European crackdown on money laundering continues.
Sibos 2019: Erik Zingmark, head of transaction banking at Nordea
He spoke about upcoming technology and innovation in the Nordic region.
Fibank, Mastercard and Garmin launch pay watch
The tech enables contactless POS and ATM transactions.
UK banks halt £820m of fraud in the first half of 2019
Figure means an increase of 14% in blocked criminal transactions.
Sibos 2019: “We don’t get rid of anything in this industry”, says Fiserv director
Fiserv talks on the evolution of payments.
Revolut to deploy BearingPoint regulatory reporting system
AnaCredit and EBA reporting covered by BearingPoint’s Abacus360.
HSBC deploys industry first automated AML system
New software developed by AI firm Quantexa.
Intesa Sanpaolo signs Pelican for self-learning sanctions solution
Italian bank aims to reduce false positives with new software
Sibos 2019 video: Mishal Ruparel, general manager at Banking Circle
He speaks about his top trends and challenges highlighted at Sibos and throughout the year.
Sibos 2019 video: Simon Wilson, director of payment solutions at Icon Solutions
Here, he speaks about the firm’s new collaborative payments platform.
Santander UK replaces 13 legacy systems with nCino technology
UK bank aims to meet customer needs with cloud-based system.
Daily News at Sibos 2019: Day Four
Download your copy of the day four edition today!
Monzo scraps Monzo Plus subscription service, replaces development team
UK challenger presses the reset button on five-month old premium offering.
Sibos 2019: IBM’s initiative for social good
AI to combat social issues is “not philanthropy”, but rather an initiative.
Sibos 2019: Cultural barriers need to fall to make cybersecurity more transparent
Banks need to go beyond ISO requirements, says Cramer.
Sibos 2019: SEB launches new environment-friendly product for Nordic SMBs
Th trend is shifting from last year’s focus on renewable energy.
