JP Morgan to deny fintechs data access if they don’t sign new deal
One fintech said they were “surprised” by the strict deadline.
Banking
Report: The digital drive to replace the passport in financial services
FinTech Futures publishes its latest industry report, on digital identity and fraud.
National Bank of Yemen goes live on ICSFS core system
Project has been in the works since 2012.
Santander hires head of P2P payments
In this newly created role, Trish Burgess will lead the strategy and deployment of P2P.
Community spirit: Reminiscing on the halcyon days of the bank branch
“I had to find out how to best serve people and customers at a community level.”
Video: Top fintech stories this week – 14 February 2020
FinTech Future’s weekly news round-up.
DBS evacuates 300 employees after one catches coronavirus
Singapore has reported 58 cases of the new virus so far.
Diebold Nixdorf to manage Belgian banks’ combined ATM network
Argenta, AXA Bank, Crelan, and vdk bank pick DN for ATM upgrade.
Wells Fargo cuts 700 jobs, overhauls exec suite and invests $5m in crypto start-up
The bank is splitting its three-part structure into five.
Moven and STC Pay plan challenger bank in Saudi Arabia
Moven founder announces new bank on social media.
FinovateEurope: Danske Bank’s UK chief digital officer doesn’t like chatbots
“I don’t like them, and more importantly customers don’t like them.”
Hampshire Trust Bank taps Ping Identity to improve customer experience
HTB aims to improve its monitoring, optimisation and alerting systems.
Gulf Bank signs up to Instimatch network
Kuwaiti bank looks to improve its treasury ops.
Klarna buys Italian paytech Moneymour
A product development hub will be launched in Milan.
LAPO Microfinance Bank in tech overhaul with Oracle
LAPO Microfinance Bank switching a number of systems.
UniCredit outlines 6,000 job cuts and 450 branch closures in cost-cutting plan
Italian bank kicks off its three-year plan.
Sainsbury’s Bank chairman to step down
Davis leaves after seven years in the post.
TransPecos Bank signs up Nymbus for core banking transformation
Texan bank already deploys Nymbus at its digital subsidiary.
How far can venture capital take European challenger banks?
European challengers have been among the top recipients of regional venture capital.
FinovateEurope: Nasdaq’s behavioral sciences head says AI can be “nonsense”
“People talk about AI as if it can solve anything, but it isn’t the only answer.”
Revolut launches open banking for all UK retail and business customers
Its new offering has been built in partnership with TrueLayer.
FinovateEurope: RBS head says bank has “turned a corner” in its innovation culture
“Our approach historically [to innovation] was the wrong one,” Broadbent admits.
Varo Money enters final stage of becoming nationwide bank
Mobile banking firm Varo Money has gained approval from the Federal Deposit Insurance Corporation (FDIC).
Banks’ compliance heads trapped between regulations and cutbacks
Governor Software CEO says investment in compliance technology is crucial.
Credit Suisse spying scandal forces out CEO Tidjane Thiam
The bank loses Thiam to protect its reputation.
OakNorth CIO: UK success means European banks take us seriously
OakNorth says it has £2.3 billion in the pipeline for 2020.
Digital bank Stori raises $10m in Series A2 funding
Mexican challenger bank has also launched its credit card.
Supplement: FinovateEurope 2020
Read our free FinovateEurope Supplement, packed with fintech goodness!
Where do Gen Zs draw the line on data?
Gen Zs draw the line on data according to convenience and the ‘fear of being left out’.
PSD2 turns two: Where do we go from here?
Break out the birthday cake as the Second Payments Directive (PSD2) just turned two!
Hot-seat with Sanat Rao, CBO and global head at Infosys Finacle
He talks about workforce and culture transformation, RPAs, open banking and more.
Starling Bank raises £60m from existing investors Merian and JTC
The round brings the neobank’s total funds so far to £323 million.
WhatsApp Pay to launch in India with initial 10m users
Facebook-owned firm plans a full roll-out this year.
Nordic API Gateway CEO: Fintechs trying to be European too fast
“Open banking has a tendency […] to do stuff globally or do it pan-European,” says CEO.
Tinkoff Bank to pump €25m in new European fintech venture
Russian neobank plans to launch its new fintech later this year.
Rabobank spins out SurePay as independent company
Payments firm hailed as innovation success story.
Fintech in the next decade: The intersection of what’s possible and what people want
Before we start to look at what the next 10 years hold, it’s worth taking a quick look back.
There is no ‘one-size-fits-all’ approach in the ongoing fight for greater diversity
We should never lose sight of the ‘why’ that lies behind the lack of diversity in British businesses.
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
From data to decisions: The rise of AI in retail banking
But first, banks need to de-silo their data and create a single data universe.
