Goldman eyes financial cloud as new revenue stream
The bank promised investors in January that it would find new revenue streams.
USA
US paytech Finix raises $35m to rival Stripe and Square
Finix will free up more revenue for businesses.
US challenger Bask Bank launches with AA miles saver scheme
Customers get one ‘AAdvantage’ (AA) mile for every dollar they save.
Top executives at SoftBank’s $100bn Vision Fund set to leave
Top of the list is Michael Ronen, the managing partner of the Vision Fund’s US investments.
Bankable and Visa extend partnership with US collaboration
Bankable also plans to open New York office.
GoSave to launch digital piggy banks in UK before Christmas
Co-founder tells FinTech Futures: “We’re fighting the inertia of kids not saving.”
Citi suspends “one of its most senior” bond traders for canteen theft
Paras Shah was Citi’s head of high-yield bond trading for Europe, the Middle East and Africa.
Video: Intellect Design Arena at MoneyLive London – an age of open infrastructure
Banesh Prabhu talks on FinTech Futures about open banking, legacy tech and CX.
Edison Financial reboots itself to launch Canadian digital mortgage start-up
Founder Hash Aboulhosn restarts company to found new venture.
Nasdaq names HKEX’s Roland Chai as its new CRO
Chai was previously head of post-trade at HKEX.
Citi deploys Cobalt post-trade infrastructure
US investment bank installs tech to reduce duplication.
Goldman Sachs to offer SME loans on Amazon lending platform
The product could go live as soon as March this year.
SaaS fintech Rimilia raises $15m from SVB and other investors
The investment brings the fintech’s total funding raised to $40 million.
Trio digital brokerage to launch in US by ex-N26 employee
The everyday account will be linked to ETF returns.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
Video: Top fintech stories this week – 31 January 2020
FinTech Futures’ weekly news round-up.
IBM makes major changes to executive leadership
New CEO Arvind Krishna will take the helm.
JP Morgan plans to cut hundreds of jobs across consumer division
It will notify the impacted staff on 6 February.
US paytech BandPay set to help musicians get paid
Funds aren’t released until both musicians and producers deliver on a project.
How SalaryFits is connecting banks with the unbanked
FinTech Futures speaks to its CEO Délber Lage about its platform and future plans.
US neobank Rellevate picks Technisys for core tech
The challenger will offer payday advances by selling its service through employers.
How FIS developed its “evergreen” core banking system
FinTech Futures speaks to Andrew Beatty of FIS about its new platform.
API builder Teller raises $4m to challenge Plaid
Teller’s co-founder: “I fear for the future of Plaid’s product”
EXCLUSIVE: Woodforest National to Implement Finxact on Microsoft Azure
Furthermore, US-based Finxact has also made its first core banking system sale abroad – in Thailand.
How Canadian start-up Cinchy is transforming data for banks
Exclusive interview with Cinchy’s CEO. “Think of it as the end of fragmentation.”
The rise of investment apps
There’s an appetite to save and invest despite low interest rates across Europe, Australia and the US.
Neocova gains $9.5m backing from community banks for AI-led tech
Vendor finds investment from six community banks.
Video: Top fintech stories this week – 24 January 2020
FinTech Future’s weekly news round-up.
Former Wells Fargo CEO barred from banking industry, fined $17.5m
Seven other former Wells Fargo executives were reprimanded by the OCC.
Digital broker Stake releases UK beta app ahead of February launch
The app plans to expand across Europe “in the coming months”.
Minnesota’s Sentry Bank selects CSI NuPoint
St. Cloud bank goes with CSI to power core processing and digital.
Vodafone leaves Facebook’s Libra to focus on M-Pesa
M-Pesa is the telco’s digital payment service.
Amazon set to turn hands into cards with Visa
The bigtech is reportedly in talks with Mastercard, JP Morgan Chase and Wells Fargo.
HAB Bank implements Jack Henry’s commercial lending platform
New York-based community bank wants to boost its commercial ops.
Equifax’s 2017 data breach will cost firm at least $1.38bn
$380.5m is for breach compensation, and $1 bn for information security overhaul.
The future of regtech is data-driven: How to stay ahead of the curve
There are no shortage of challenges that will need to be addressed through innovation.
Video: Top fintech stories this week – 17 January 2020
FinTech Future’s weekly news round-up.
‘Crypto Dad’ promotes blockchain-based USD with Accenture in new think tank
Giancarlo wants to “catalyze a digital, tokenised US currency”.
PeoplesBank opts for Nymbus onboarding and marketing tech
Nymbus to underpin West Massachusetts’ largest community bank.
Visa invests in data security start-up VGS to boost fintech innovation
The size of the investment has not been revealed.
