Hadhramout Commercial Bank opts for ICS Banks core banking system
Hadhramout Commercial Bank (HCB) is a new universal bank in Yemen.
Banking
2023: the final countdown for incumbents versus challengers
If incumbents fail to adapt in 2023, challengers could gain the lion’s share of the market once and for all.
FinTech Futures: Top five stories of the week – 13 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Video: Highlights from the latest Banking Tech Awards
An incredible evening with nearly 500 guests celebrating the best and brightest in banking technology and fintech.
ICYMI fintech funding round-up: Butter, Mondu, kompasbank and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures Jobs: Did you know a real person might not be reading your CV?
Explore thousands of open roles on the Fintech Futures Job Board today.
CFPB outlines public registry proposal for nonbank terms and conditions
Firms would need to submit information on terms and conditions that “waive or limit” consumer rights.
FCA fines Al Rayan Bank £4m for inadequate AML controls
Al Rayan did not dispute the FCA’s findings and agreed to settle.
Winners and losers for 2023
Let’s kick the year off with a look at where the winners and losers will come from over 2023.
JP Morgan sues Frank founder for allegedly inflating user figures
JP Morgan acquired the student loan application fintech for $175 million in 2021.
Wall Street heavyweights BlackRock and Goldman Sachs cut jobs
The cuts amount to around 6.5% of the total staff headcount at Goldman and less than 3% at BlackRock.
Tide names Meta’s Vinay Ramani as new chief product officer
Ramani says he is joining Tide at a “critical juncture in its plans to globalise”.
PayQuicker appoints Nazuk Jain to lead product development
Jain will build out the firm’s product team and manage its expanding product roadmap.
Remember the place of pain… to avoid it
Hold onto the pain to remember to avoid it. That’s what learning looks like.
Embedded finance to lead the way in 2023 fintech innovation
Over 2023, financial services will continue to become more digital, accessible and decentralised.
Allied Payment Network appoints Kathi Klawitter as COO
Kathi Klawitter joins Allied Payment Network from banking and payments tech heavyweight Fiserv.
Swiss payment app Twint taps NetGuardians for fraud prevention boost
Software leverages behavioural analytics, machine learning and artificial intelligence to detect anomalous payments.
Progressive Building Society taps Jade ThirdEye to fight financial crime
Progressive says it wants to enhance its ability to detect money laundering and financial crime.
The art of preventing APP scams
Banks need to leverage more insights from more data to effectively prevent APP scams.
L&N Federal Credit Union taps Jack Henry for tech upgrade
With Jack Henry’s tech, L&N FCU plans to continue expanding its services while maintaining its “hyper-local approach”.
Allianz, Santander CIB and Two partner for corporate BNPL solution
The solution means corporates can now offer business buyers deferred payments at checkout through a single API.
PayTech Awards 2023 now open for nominations
PayTech Awards are open to banks, financial institutions, paytech software & services providers worldwide.
Nordic bank DNB automates chat traffic with Boost.ai virtual agents
The bank says deploying Boost.ai’s solution has led to an increase in customer satisfaction scores.
The Nottingham appoints Anthony Murphy as CFO
Murphy will join NBS in March, leading the firm’s finance team and tasked with driving its strategic growth.
Beyond Bitcoin: why developing nations should look to stablecoins
With stablecoins, emerging economies could potentially build more inclusive and fairer monetary systems.
Radu Topliceanu named as new head of digital bank Mashreq Neo
Mashreq Neo is the digital offshoot of UAE’s Mashreq – “a bank for a brilliant new world” – launched in 2017.
Funding Circle appoints Steve Allocca as US managing director
Prior to Funding Circle, Allocca was chief operating officer (COO) at small business banking provider BlueVine.
Axis Bank taps Open to launch digital current accounts for businesses
Axis Bank says its new product will help save customers time and effort with a fully digital authentication process.
Digital resilience being taxed by tools? Time for a DevSecOps platform strategy
Firms’ DevOps practices are underperforming at precisely the time they must up their game on resilience.
Taiwan’s challenger Next Bank launches on Temenos core banking tech
Digital-only Next Bank is backed by Taiwan’s largest telecom operator, Chunghwa Telecom.
Exclusive global launch of Leda Glyptis’ book, “Bankers Like Us: Dispatches from an Industry in Transition”
An evening of unveiling Leda Glyptis’ book, Bankers Like Us, not to be missed!
FinTech Futures: Top five stories of the week – 6 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Saudi Central Bank debuts open banking lab to boost innovation
The Open Banking Lab will provide a technical testing environment to ensure compatibility with the country’s Open Banking Framework.
How the cloud helps companies reach their ESG goals while embracing a global outlook
Cloud-based core banking can help banks get leaner and greener.
IDC report: New data sources and innovative AI redefining the business of lending
How technology advancements and new data sources, including alternative data, are pushing the boundaries of borrowing.
Akulaku secures $200m from Japan’s Mitsubishi UFJ Financial Group
The funding will support Akulaku’s anticipated growth as it looks to provide banking services across Southeast Asia.
Japan’s Smartpay launches open banking digital payments service
Smartpay claims it is the first digital consumer finance firm to utilise Japan’s open banking system.
Guide: Life in 3D – using alternative data to power credit risk decisioning
Alternative data has the power to assist in achieving growth and expanding your business.
eBook: Back to the future – 8 features of fast and future-proof BNPL technology
Discover what tools you need to get ahead and stay ahead as BNPL grows its market share.
eBook: SME lending – the road to real-time approvals
Accelerate your SME lending with quick credit approvals.
