Citi names former JP Morgan exec Viswas Raghavan as new head of banking
Raghavan is due to take charge of the group’s investment, corporate and commercial banking unit.
BankingTech
Cross River Bank Group launches new investment banking unit
The group’s new investment banking unit will be co-led by Benjamin Samuels and Henry Pinnell.
Wishful thinking
The job is still about new technology, but it’s not about the ‘if’. It’s about the ‘how’.
Blackstone buys $1.1bn of US credit card debt from Barclays
Barclays says it will use the proceeds of the sale to fund an extension of its US lending activities.
BNY Mellon names Gary Delaney as new international CISO
Delaney will report to Matthew McCormack, who leads the bank’s Information Security Division.
(Fin)tech for good?
The ‘tech for good’ movement has the potential to effect real and positive global technological change.
Quaint Oak Bank taps Finzly to modernise payments infrastructure
Quaint Oak aims to realise its modernisation ambitions by leveraging Finzly’s Payment Galaxy platform.
Vencora acquires Crealogix to bolster banking tech portfolio
Vencora now owns 99.07% of Crealogix’s issued share capital and voting rights.
Returning to the fundamentals: BaaS as mission-critical financial infrastructure
BaaS has become a critical element in the digital transformation of global financial services.
Africa and Gulf Bank partners Orion Innovation for Temenos core banking upgrade
The bank has opted to leverage Temenos Transact and Temenos Infinity for its digital upgrade.
Dayforce selects Green Dot as BaaS partner for on-demand pay solution
Green Dot will facilitate all banking services for Dayforce Wallet customers in the US.
Lithuania: A David slaying Goliath in the fintech arena
Lithuania is making its presence known in Europe’s burgeoning fintech scene.
Teachers Federal Credit Union partners Corridor Platforms for credit decisioning tech
The New York-based credit union has signed for Corridor Platforms’ digital decisioning platform.
Help that helps
Asking for help is a superpower. It’s brave to ask for help. And it’s a braver thing still to accept it.
FHLBank of Pittsburgh selects SimCorp Dimension for investment management
The bank has signed an eight-year agreement with the vendor for SimCorp Dimension.
Australia’s Summerland Bank taps nCino for loan origination solution
The bank will leverage nCino’s Cloud Banking Platform across its consumer and business lending operations.
JP Morgan and fellow Viva Wallet shareholder WeRealize exchange lawsuits
The lawsuits follow reports of disputes over Viva Wallet board nominations last month.
Capital One acquires Discover Financial Services in $35bn deal
The transaction brings together two of the largest card issuers in the US.
AI wars: a new hope or the phantom menace?
A deep dive into the practical uses of AI through the lens of the FCA’s Consumer Duty.
Mexican neobank Hey Banco’s split from Banregio due for 2025
The move, announced in 2020, was expedited by Hey Banco’s banking licence authorisation last July.
Canada’s EQ Bank taps Trulioo for ID verification solution
EQ Bank to leverage Trulioo’s “customised onboarding experiences” to stay ahead of industry practices.
Awards win for SmartStream: leading innovation in reconciliation (and more)
Combining the heritage of delivering trusted reconciliation solutions with being genuinely agile.
ICYMI fintech funding round-up: Fordefi, Mia Share, Kema, Coba and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US Bank partners Pagaya Technologies for inclusive lending with AI
The bank is to instate Pagaya’s AI tech within its Simple Loan function.
How to choose the right 3D Secure software – an issuer’s guide
A comprehensive guide to ensure you make the best decision when it comes to implementing 3D Secure technology.
It’s boring to say, but boredom is important
Studies suggest that boredom can serve as a catalyst for creativity under the right conditions.
PNC Bank to invest nearly $1bn to renovate and expand its US branch network
PNC plans to renovate more than 1,200 existing locations and open more than 100 new branches by 2028.
The future is not digital… the present is
We have work to do, and however we choose to do it, let’s at least stop acting surprised at it all.
Digital business bank Grasshopper partners Greenlite for AI-powered due diligence tech
Greenlite’s tech will enable the bank to streamline manual data aggregation and client risk assessments.
2024 Document Fraud Report
From first-party fraud to fraudulent templates available online, here are the most critical risks teams who fight fraud should be aware of.
US-based Primary Bank appoints Crystal Dionne as new CEO
Dionne first joined the bank eight years ago and has spent the last six years as its CFO.
Bank of America customers impacted by data breach through Infosys McCamish Systems hack
It’s thought that 57,028 of Bank of America’s customers have been impacted.
Spain’s Banco Sabadell selects NCR Atleos as ATM network partner
Banco Sabadell customers will now have access to the 1,400 ATMs NCR Atleos manages across Spain.
Successful AI driven marketing strategies are inextricably linked to high quality data and efficient delivery thereof
Is your data strategy up to the challenge? Learn how artificial intelligence can help you reinvent marketing ops.
Deadline extended for Banking Tech Awards USA nominations
You now have until Friday 23 February to get your nominations in.
Desjardins to reduce total number of ATMs and service centres by 30% by 2026
The group’s ATMs and service centres accounted for 3% and 1% of its total transaction volume last year, respectively.
When goals become aspirations, where does that leave us?
Fundamentally, I believe that businesses can be an important force to drive societal change.
Germany’s Commerzbank taps Surecomp to revamp trade finance back office
The Frankfurt-based commercial bank has adopted the vendor’s DOKA-NG solution.
It’s time for core banking to get real
There are huge opportunities for real-time banking to hyper-personalise banking.
The great work from home debate isn’t great… or a debate
I want to share with you two little stories. And just a suggestion, if you’d be open to it.
