Salaam African Bank in tech overhaul with Oracle
EXCLUSIVE: The deal includes Flexcube core, digital banking, payments and trade finance solutions.
Banking
Macquarie to buy $2.1bn Australian data centre firm AirTrunk
AirTrunk operates data centres in Sydney, Melbourne and Singapore.
Indian challenger founded by Google Pay execs raises $13.2m
Former Google Pay execs aim to tap into India’s millennial market.
EXCLUSIVE: Oracle wins new core banking deals in Sudan, Somalia & Libya
Oracle has won and extended plenty of African deals in the past few months.
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.
Pepper CEO: Banks should provide tools for users’ financial empowerment
Michal Kissos Hertzog speaks to FinTech Futures.
Al-paca it in: Monzo co-founder leaves to farm Alpacas
The co-founder is quitting to focus on family business ‘Barnacre Alpacas’.
Video: Top fintech stories this week – 11 January 2020
FinTech Future’s weekly news round-up.
New challenges due to Open Banking and the benefits of instant payments
APIs are no longer seen as a difficult technical matter, but as a crucial building block.
Belgian banks team up to launch shared ATM network
Four major banks want to create “brand neutral” ATMs.
FCA stirs up competition for banks’ easy access saver accounts
FCA: Competition is not working well for 40 million British customers.
The Philippines set for first digital-only bank as Tonik gets green light
Tonik Financial will set up the island nation’s first online bank.
Ziraat Participation Bank in Sudan selects Path Solutions’ iMAL
Path to underpin the bank’s Islamic banking products.
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.
Cautious optimism and a customer-first approach for financial services in the 2020s
Alessandro Tonchia gives his fintech predictions as we enter a new decade.
ATB Financial’s Holbrook steps down as chief transformation officer
He had been at the Canadian firm for nine years.
Central Bank of the Bahamas pilots digital Sand Dollar
Central bank says digital currency will help solve financial inclusion.
Tandem Bank to charge customers monthly membership fee
The bank will introduce a £5.99 monthly fee in March.
Signicat CEO: The internet has destroyed consumer trust
“On the internet, no one knows you’re a dog.”
Saffron Building Society creates new savings app with DPR
Saffron manages more than £1bn in assets and has 90,000 members.
The Messy Middle Manifesto
Everything that matters happens because of those who stick it through the Messy Middle.
Payments app KogoPay crowdfunds £200k and hits £10m valuation
The London and Bangkok-based start-up tallied 281 investors.
Starling Bank eyes 2022 IPO and expects to break even by 2021
Starling CEO: “I didn’t do all of this to sell out to a big bank”
Atom bank’s former co-founder joins Queensland’s Daytek capital
Paul Hanks has joined DayTek Capital as a technology advisor.
UBS overhauls wealth management business, plans 500 job cuts
Three levels of management will be erased.
Standard Chartered “first” bank to offer public platform to track payment status
The bank is ready for Swift’s November 2020 payments confirmation deadline.
Singapore’s digital bank licence race heats up with 21 bidders
Roughly 50 companies are involved in the bidding.
Bank of England and FCA plot internal data analytics shake-up
UK regulators outline plans to improve their data handling capabilities.
BNP Paribas extends deal with Temenos
The two are agreeing to work together until 2028.
ING to launch analytics tool Katana as new fintech company
Dutch bank plans to spin out its AI tool in London.
Belgian banking app Cake to launch first public app this month
The app pulls together customers’ existing bank accounts.
Nisir Microfinance taps ICSFS for new core system
ICFS Banks to be rolled out across five branches.
Goldman Sachs and Morgan Stanley facing BoE probe
The banks’ balance sheets are under the microscope.
Metro Bank raids FCA for new risk director
Jose Morago says he’s “excited” to get back to the finance industry.
MyBucks Banking Corporation implements Flexcube core banking system
The new Malawi-based bank also took Oracle Banking Digital Experience for the front-end.
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.
Hong Kong’s sustainable finance start-up MioTech closes Series A funding
The start-up wants to expand its presence in Singapore and Mainland China.
Chinese regulator opens market access for foreign banks
CIRBC unveils rejigged rules to encourage foreign investment in Chinese market.
Challenger bank for British farmers Oxbury set to launch later this year
The launch comes at a time of prolonged Brexit uncertainty for British farmers.
