BNY Mellon Markets appoints Paresh Shah as global COO for FX
He joins BNY from HSBC, where he held the role of COO Americas for FX.
North America
Samsung and Syniverse develop wallet-agnostic payments platform
Your phone number is your easiest payment method, says Samsung and Syniverse.
Three ways fintech can address the gender pay gap
Define inclusion and diversity as two very different things.
Video: Top fintech stories this week – 11 January 2020
FinTech Future’s weekly news round-up.
Covered Bond Bank migrates international branches to Avaloq Banking Suite
New York, Singapore, and Shanghai all switch to Avaloq system.
Canada’s major banks impersonated in two-year phishing campaign
The impersonators harvested customers’ online banking logins.
ATB Financial’s Holbrook steps down as chief transformation officer
He had been at the Canadian firm for nine years.
Fiserv wins two new deals with Wisconsin credit unions Landmark and Verve
Fiserv now powers half of all $1bn credit unions in Wisconsin for core account processing.
Central Bank of the Bahamas pilots digital Sand Dollar
Central bank says digital currency will help solve financial inclusion.
Texan fintech HighRadius raises $125m and hits unicorn status
Customers include Nike, Burger King and Sony.
Metro Bank raids FCA for new risk director
Jose Morago says he’s “excited” to get back to the finance industry.
Mitigating network outages in the financial services sector
How poor service levels from IT vendors are reflected in network outages and how to fix it.
Financing fintech Sezzle blocked from making loans in California
The Minnesota fintech deemed to be making “unregulated loans”.
The California Consumer Privacy Act kicks in
And it doesn’t look like anyone, even the state of California itself, is totally ready.
ICBA welcomes Charles Potts as the new chief innovation officer
Potts’ extensive financial services experience spans more than 25 years.
JP Morgan vows to ban fintech apps from using customer passwords
It’s working towards issuing tokens that send third parties a narrow range of data in a secure form.
HSBC plans new restructure with France and USA in firing line
The global bank is aiming to cut costs and weed out loss-making divisions.
Mastercard reveals acquisition of AI-based risk firm RiskRecon
The deal with RiskRecon is expected to close in Q1 2020.
A market course correction will rein in overblown valuations in 2020
Recent disappointing IPO stories are sending investors back to the drawing board.
Our top women in fintech and banking 2019 short list
A short-list of rising stars and household names in banking and fintech.
Top 10 challenger banks by valuation and funding
It’s been a record year for fundraising across the challenger bank space.
Top 7 banking outages in second half of 2019
Banking outages have hit headlines thick and fast this year.
Next year looks bright for community banking
Credit unions and community banks raise their game in 2020.
How would Boris Johnson’s 2% digital tax affect UK fintech?
The tax will target big social media platforms, search engines and online marketplaces.
Banking’s biggest core go-lives in 2019
Always exciting, sometimes terrifying, here are the biggest ‘go-lives’ in core banking 2019.
Signing up to the future
A legal evangelist explains why she expects the future of contracts to be autonomous.
2019’s top core banking deals
The core deals which made waves this year, summarised just for you.
Video: Top fintech stories this week – 20 December 2019
FinTech Future’s weekly news round-up.
How the Grinch stole my identity: Three tips for fraud prevention this Christmas
As many as 8% of US consumers are affected by identity fraud at Christmas time.
Metro Bank’s founding chairman Vernon Hill steps down as non-exec director
Hill steps down from the position ahead of the 31 December 2019 date.
Three trends to watch in 2020
Red Hat dissects how 2020 will be a chance for banks to catch on to innovation.
PayPal sues US regulator over its “misleading” digital wallet rules
PayPal wants the Consumer Financial Protection Bureau (CFPB) to change its rules.
EQ Bank signs international payments deal with TransferWise
EQ Bank has integrated TransferWise’s API directly into their infrastructure.
Banco Santander commits to carbon neutrality and renewable energy “where possible”
The bank says it has already cut its emissions by 27% since 2011.
Robinhood does fractional shares, users can invest just 1 cent
An Amazon stock, which would cost $1,700, suddenly becomes as cheap as $1.
Mexico’s neobank Albo raises $26.4m Series A total
The round was led by Valar Ventures, PayPal founder Peter Thiel’s fund.
CULedger completes blockchain identity pilot with three US credit unions
MyCUID has been implemented in the call centres of the credit unions.
Video: Top fintech stories this week – 13 December 2019
FinTech Future’s weekly news round-up.
Time is now: US investors seek fintech opportunities abroad
Fintech investors are looking outside of the US for greater returns.
Mexican neobank Flink gains seed funding from Spanish firm Latina
The Spanish technology company sees a bright future in Flink.
