Deutsche Bank and major airlines in “game-changing” paytech pilot
Deutsche Bank to collect customer payments directly from consumer accounts under PSD2.
Europe
Splitit expands payment options with debit card instalments
Splitit (formerly PayItSimple) has launched an instalment payment solution for debit cards.
Global Findex 2017: financial inclusion on the rise but gaps remain
Globally, 69% of adults – 3.8 billion people – now have an account at a bank or mobile money provider.
Banking Technology May 2018 issue out now
All encompassing. Right place, bright time.
Open banking platform Token authorised by FCA
Token is now an official AISP and PISP in the UK.
Bacs and Faster Payments transferred to New Payment System Operator
Bacs and Faster Payments process a combined £6.3 trillion worth of payments annually.
Wolters Kluwer supplies regtech to CKV Spaarbank
CKV Spaarbank opts for Wolters Kluwer’s flagship OneSumX solution.
Erste Bank Hungary in paytech revamp with ACI Worldwide
Erste Bank Hungary (EBH) implements ACI Worldwide’s UP paytech suite.
PSD2 and the need for common security standards
Common standards for secure data exchange and robust authentication of PSPs’ interfaces are needed.
E-commerce spotlight: Yandex.Money – advantage Russia
Yandex.Money CEO, Ivan Glazachev, talks about what is driving his business and wider e-commerce trends in Russia.
Core banking tech vendor Thought Machine goes into administration, restructures
From Thought Machine Ltd to Thought Machine Group Ltd.
Diamond Bank sells UK subsidiary to industrialist Sanjeev Gupta
To be renamed as British Commonwealth Trade Bank (BCTB).
Top fintech stories this week – 27 April 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
First global corporate loan transaction on blockchain completed by BBVA and Indra
The pilot enabled the closing of a €75 million loan using a DLT-based solution.
Avaloq takes 10% stake in blockchain firm Metaco
Core banking software vendor Avaloq muscles into blockchain space.
TSB vows to put things right
No customer will be left out of pocket as a result of the IT issues, TSB assures.
Milestones reached in Nordea’s tech overhaul
Savings and deposits now done on the new core banking platform, Temenos’ T24.
Life is a glitch: more IT outages at banks in UK and Ireland
TSB and Ulster Bank are not having a good time with their tech.
RBS to launch “beta” of new digital bank in Q3
RBS is building a new digital-only bank.
Saxo Bank to move full tech stack to Microsoft cloud
Saxo Bank and Microsoft announce a “strategic partnership”.
Intesa Sanpaolo Private Bank swaps ERI’s Olympic for Avaloq’s core banking tech
The new system installed on a Business-Process-as-a-Service (BPaaS) basis.
Secure Trust Bank in regtech project with Jaywing
Jaywing’s Echelon will automate commercial IFRS 9 processes at Secure Trust Bank.
Nets, Fingopay and Copenhagen Business School pilot finger vein payments
Pay with the touch of a finger.
Regtech start-up ClauseMatch lands £3.6m funding
ClauseMatch raised £3.6 million ($5 million) from Index Ventures and other investors.
FairFX posts first full year profits
CEO of FairFX describes the year as “ground-breaking” for the company.
TransUnion to acquire Callcredit for $1.4bn
TransUnion to buy UK’s second-largest consumer credit bureau, Callcredit.
MiFID II – the long tail of legal documentation repapering
The requirement to repaper legal documentation must now be treated as business as usual.
Swedbank invests €3m in banking tech vendor Meniga
Swedbank is also Meniga’s client.
Redwood Bank first in UK to put core banking tech on Microsoft Azure cloud
UK’s first 100% “born in the cloud” bank goes on the record about its tech and providers.
Ireland’s central bank to launch fintech innovation hub
News uncorked in a speech in Cork.
TSB ditches Lloyds to migrate to new tech this weekend
Moving customer data from Lloyds’ legacy tech to a new in-house platform, Proteo4UK.
More API success in Portugal for PaymentComponents and Infosistema
Caixa de Crédito Agrícola Mútuo da Chamusca signs up.
iZettle squares up to Square with e-commerce platform launch
“Biggest product launch since 2011.”
Savedroid ICO scam joke backfires
Few sensed the sense of humour.
Homelyfe helps Hoocht hone home insurance
Digital mortgage adviser Hoocht brings on the AI power.
Tink unveils API developer platform
Swedish fintech Tink has introduced its API developer platform.
Qapital lands $30m funding
The latest round brings Qapital’s total funding to $47.3 million.
NY FinTech Week – our transatlantic opportunity
In the areas of fintech, the “special relationship” between the US and UK is thriving.
Stockbroking start-up Freetrade’s beta app goes live
Looks to light up stock market with liveliness and laissez-faire.
Centtrip lets rip with instant payments service
Offers local and international payments in 15 deposit currencies.
