What the Fintech? Episode 12 | Transformers: more than meets the AI
Matt Sattler, head of HSBC’s innovation labs, reveals what it takes to secure a deal with the bank.
BankingTech
Wells Fargo resumes job cuts after pandemic break
Layoffs, branch closures and cuts to third-party spending are on the table.
White paper: Data integrity in an uncertain world – how to achieve operational resilience
How automating your data management processes can help reduce costs and eliminate the potential for human error.
TD Bank pays $122m for obscuring overdraft penalties
US bank charged by CFPB for anti-consumer practice.
Goldman Sachs & Barclays among bidders for GM’s credit card business
GM’s credit card business has about $3 billion in outstanding balances.
Scotiabank pays over $127m for commodities price manipulation
It also faced charges of compliance and supervision failures.
Wildfire Credit Union picks Backbase tech
The Michigan-based firm plans to boost its digital footprint.
Embedded finance: a game-changing opportunity for incumbents
Embedded finance offers a new, very large addressable market opportunity worth over $7 trillion in ten years’ time.
Manzil launches Halal Visa card in partnership with Koho
Canadian firms partner up to debut new card.
Banks need a single brain
Every bank needs a single brain to anticipate the needs, wants and quirks of every customer.
FIS debuts subscription-based core banking for US community banks
The US vendor aims to supply community banks with bundled software.
White paper: Enhancing trust with AI-driven biometrics
Learn how to improve every aspect of the identity lifecycle with intelligent ID.
The revolution will be regulated
When it comes to digital adoption, the regulator has been the biggest driver of change in the more mature markets.
Live webinar: The role of digital identity in a physically distanced world
Novel approaches to digital identity verification to securely onboard and engage with consumers – and at a distance.
Wells Fargo compliance chief Mike Roemer steps down
The major US bank is undergoing a risk restructure.
MUFG Union Bank appoints Devon Bryan as new CISO
Bryan arrives at the bank from a CISO role at KPMG.
Buyer’s guide to modern web-scale backup & recovery
Providing guidance and assistance for IT professionals looking to re-evaluate their current data protection practices.
Linn-Co Federal Credit Union goes live on Episys core system
Credit union completes core switch despite COVID-19.
ABN Amro winds down savings arm of Moneyou
Moneyou has around 500,000 clients spread across the Netherlands and Germany.
Video: Top fintech stories this week – 14 August 2020
FinTech Futures’ weekly news round-up.
SimCorp puts Dimension on the cloud with Microsoft Azure
Investment systems vendor signs public cloud deal with Microsoft.
Huntington Bancshares picks BillGo for faster payments
The Ohioan bank wants to increase the transparency of its services.
Banks adapting to post-COVID-19 world overlook power of data
Banks can use data to stand out from the competition and fortify their position.
White paper: Insider’s guide to secure & cost-effective storage solutions for financial services
Object storage consolidates massive data sets into a single, easily-managed and cost-effective environment.
Magic mistakes and how to make them
Do everything in your power to minimise the avoidable mistakes and the impact of the less exciting omissions.
OE Federal Credit Union picks Symitar’s Episys system
The credit union plans to host the Episys system on the cloud.
US Bank commits $1.15m to Black-led partners to “close racial gaps”
Some 15 partners will receive grants from $50,000 to $100,000.
Facebook forms financial unit led by Libra creator
The new division will cover all financial endeavours by the company.
Standard Chartered signs multi-year cloud deal with Microsoft
The bank is shifting a series of systems to the cloud by 2025.
Police Credit Union picks NCR digital banking platform
The credit union plans to support an expansion in membership.
Streamlining manual processes amid COVID-19
Find out how to digitise manual documentation processes with Foxit Software.
Agora Services debuts teen and SMB banking solutions
The new white label system aims to help bank serve teen and SMB customers.
Goldman appoints Mathew McDermott as head of digital assets
An old-school banker takes a digital currency role at Goldman.
Capital One fined $80m for 2019 data breach
US firm pays the price for hack that exposed data of 106m customers.
PayPal nabs Wells Fargo’s Peggy Mangot for venture capital role
Mangot was behind the launch of Wells Fargo’s challenger app Greenhouse.
After divorce comes engagement for banks
For a bank to engage with a customer, they need to go beyond the initial request.
Global Payments signs cloud deal with AWS
The multi-year deal moves Global Payments systems into the cloud.
TD Bank extends 15-year partnership with TSYS
TSYS adds a few years to ongoing payments deal with TD Bank.
Varo receives US national bank charter
Varo Bank will serve as the firm’s new banking arm, with Varo Money becoming its holding company.
New US challenger bank Simba plans to support migrant communities
Simba is built for those “who came to the US seeking financial freedom”.
