Citigroup restarts job cuts after coronavirus pause
US lender plans big infrastructure changes in the final months of the year.
North America
US neobank Chime set to more than double in value to $15bn
The new valuation would pit Chime ahead of Brazilian neobank Nubank.
FinovateFall 2020: The one-app strategy is unit banks all over again, says Google
Network centrality isn’t new to banking, says Google Cloud head.
Citizens Bank app bombarded with bad reviews as tech update goes awry
US bank experiences avalanche of bad feedback over mobile changes.
Elevations Credit Union selects Temenos Infinity for front office revamp
The Colorado-based credit union wants to change its member experience.
FinovateFall 2020: Why Banking-as-a-Service is fintech’s newest trend
It essentially turns the company into a challenger bank, even if the company has no ties to banking.
FinnovateFall 2020: Digital tools creating a new kind of banking customer
Marcus executive says banks must prepare for a post-COVID world.
Ex-N26 employee lands $1.8m to launch ETF-linked checking account
“This is an everyday account, we don’t want you to risk your money,” says CEO.
EXCLUSIVE: Oracle wins deals with Mashreq Bank and Desjardins
Oracle has also picked up a new deal in Bangladesh.
FinovateFall 2020: Dealing with a new digital normal
FinTech Futures speaks to Tracy Schlabach, Accusoft senior manager for product and customer marketing.
FinovateFall 2020: making the cost of compliance work for you and against the fraudsters
Discover the key to undermining the ability of criminals to profit from cyber-fraud.
FinovateFall 2020: COVID-19 a chance to build, not just react
“Companies need to leverage this inflection point correctly.”
Supplement: FinovateFall 2020
Read our free FinovateFall Supplement, packed with fintech goodness!
US Bank’s CDO leaves for Google after a brief stint
Before US Bank, White headed up BBVA’s creation unit.
Mastercard unveils virtual CBDC testing environment
A switch in tactic from Mastercard, which wasn’t always in favour of CBDCs.
FinovateFall 2020: a return to the fundamentals
Greg Palmer, VP at Finovate, analyses what the “new normal” looks like for the finserv industry.
Mawer Investment Management picks SimCorp Dimension
The Canadian firm plans a front-to-back revamp.
Citi appoints Jane Fraser as new CEO
Fraser will be the first woman to lead a bulge bracket bank.
Federal Reserve demands clarity on US banks’ diversity efforts
The Fed is working with other financial regulators to boost responsiveness.
JP Morgan fires staff for COVID-19 relief funds fraud
The largest bank in US clamps down on suspicious staff activity.
The Oracle versus Google copyright case could shape the future of software
The fate of open APIs lies in the hands of the US Supreme Court.
FIS claims early cloud investment prevented COVID-19 disruption
A number of US banks suffered downtime in April due to COVID-19 stimulus cheques.
GAO urges FDIC to stop examiners fishing for bank jobs
Congress’s investigative branch calls on bank regulator to do more.
Buffet sells another $2.5bn in Wells Fargo shares
The 136 million shares Berkshire owns are worth less than $3.3bn.
Regulators’ “fast and furious” AML fines don’t tell the whole compliance story
FinTech Futures speaks to Fenergo’s Rachel Woolley about the rise in penalties.
US Department of Justice mulls changes to bank merger legislation
Any amendments would be the first for 25 years.
Banking Technology September 2020 issue out now
Tipping point: Google vs Oracle showdown.
To win the battle of banking, you need a digital war room
Here, banks can get visibility into every single process in their business as they actually behave.
Robinhood faces SEC probe over deal disclosure
US brokerage unicorn in hot water over order flow dealings.
Small challenger Jiko buys Minnesota bank
Instead of sitting in deposits, Jiko customer money sits in Treasury Bills.
RTGS Global kicks into gear to disrupt correspondent banking
RTGS has built its system on Microsoft Azure.
Impact of COVID-19 on M&A activity in the fintech space
The market is pricing a more positive outlook for banks globally.
Sterling National Bank picks Cashfac for back office tech
The bank is deploying Cashfac’s VBT system in the cloud.
Wells Fargo extends 25-year processing partnership with TSYS
US bank resigns for TSYS payments technology.
Four US digital trading apps experienced technical issues this week
It’s rare for as many as four digital brokerage platforms to experience issues all at the same time.
First Bancorp completes $1.1bn acquisition of Santander Puerto Rico
The merger is expected to complete in Q2 2021.
Aussie BNPL Zip closes $296m acquisition of US player QuadPay
“The US is a critical part of our global strategy,” says CEO.
Varo Bank goes live on Temenos Transact core banking system
New US bank prepares for post-launch life with Temenos.
FinovateFall Digital: Delivering concrete ROI during unprecedented times
The future of finance is digital. Free tickets to FinovateFall available!
Merger creates largest Black-owned US bank
City First Bank in Washington and Broadway Federal Bank in Los Angeles are merging.
