CSConnect UK 2019: Round-up of key cybersecurity trends
The conference brought together chief information security officers (CISOs).
Banking
Regional KYC utilities: Genesis of global collaboration on shared compliance platforms
Several countries are now adopting this model of a unified platform.
Libor’s demise set to rock the foundations of finance?
With greater protection comes considerable challenges and risks, none more so than with Libor.
Video: Top fintech stories this week – 15 November 2019
FinTech Future’s weekly news round-up.
CSConnect 2019: Lloyds head says tech firms don’t get enough heat for banking app glitches
Lloyds head: “We’re either in this together or we’re not”.
Cardlay raises €9m in Series B funding and signs deal with Eurocard
Danish start-up aims for expansion in Scandinavia and beyond.
UBS boss fears Europe’s banks are ‘too small to survive’
Ermotti says it’s no longer a question of ‘too big to fail’.
Tandem appoints former HSBC exec as chief growth officer
Malani will spearhead Tandem’s international expansion into Hong Kong.
AI savings assistant Plum raises $3 million and launches Android app
This is in addition to its $4.5 million raised this summer.
Visa partners with Georgian challenger bank Space
The bank hopes Visa will power a geographic expansion.
CSConnect UK 2019: HSBC head stresses importance of tackling gender diversity
HSBC exec: “how do we get people not like us in?”
CSI reveals 11 US core banking deals signed since February
The core banking vendor is aiming to beat the 23 it signed in 2018.
How is AI augmenting compliance practices?
SAS are seeing early AI entries in the Regtech space.
Being digital vs doing digital
It’s best to be clear whether it’s truly digital or whether it is in fact digitisation.
Money Bites podcast: what’s next for fintech?
Featuring Tanya Andreasyan, Chip’s Simon Rabin, resident jokester Mr. Money, and the Skittlemania challenge.
CSConnect UK 2019: Security awareness never really works, says Mastercard’s Vocalink CSO
Mastercard CSO thinks behaviour is the real issue when it comes to security.
AML start-up Silent Eight raises $6.2m in Series A funding
The round included Standard Chartered’s SC Ventures.
Google sets its eyes on banking next year
The tech giant allegedly doesn’t intend to sell customers’ data.
Former FCA exec says banking tech could lead to discrimination
Diverse hiring practices would help address discrimination by financial technologies.
Standard Chartered taps Quantexa to boost AML controls
Dynamic entity resolution and network analytics to be implemented at the bank.
Bank of Georgia launches AI-powered personal finance tool
The new PFM tool is first of its kind in the Caucasus, says the bank.
FCA exposed for ‘shameful’ behaviour at its London HQ
Behaviors include defecating on the toilet floors and verbally abusing outsourced staff.
AFME calls for supervisory convergence on the regulation of crypto-assets
Europe’s AFME lists five recommendations.
Challenger banks in Hong Kong
A free guide to help our readers navigate Hong Kong’s challenger banking space.
A banker’s excellent adventure
Learn, be excellent to each other and trust that the music will only get better if you practice. Starting today.
Open Banking Expo 2019: Vested interests preventing international adoption
Industry panel discusses the reaction other markets have had to the UK’s Open Banking initiative.
Open Banking Expo 2019: Innovation by regulation is a “flawed idea”
Panel believes that banks and partners can be trusted to innovate without deadlines.
HSBC and RBS race to launch new digital banking platforms
HSBC Kinetic is in beta testing, RBS’ neobank Bó is to launch this month.
Crypto bank SEBA launches Swiss offering after FINMA greenlight
SEBA secured its banking licence in August 2019.
Visa sends Nigerian fintech Interswitch to unicorn status
Sources say Visa paid $200 million for a 20% stake.
Revolut appoints new chairman
Martin Gilbert will begin his role as of 1 January 2020.
Investment firm Castle Trust to become UK challenger bank
The firm calls it the “natural next step”.
What does AI mean for the banking industry?
It’s beginning to look like the impact of AI on banking will be much more subtle.
Hungary’s National Bank fintech strategy combats digitisation lag
The national bank has drawn up its own fintech guidelines “to speed things up”.
Tencent plans blockchain-based virtual bank on back of new Hong Kong licence
Chinese conglomerate nabs its second licence from regulators.
ATB Financial acquires Grow Technologies
Grow’s founder will join the ATB team.
Apple Card issuer investigated after claims of sexist credit checks
Goldman Sachs faces official inquiry in NY over alleged Apple Card sexism.
Digits Financial raises $10.5m in Series A
Digits remains in stealth mode for now and remains at an invite only stage.
Apple Bank picks FIS for core banking change
FIS IBS to be deployed on a hosted basis at the New York bank.
BIS appoints head of its new innovation hub
Benoît Cœuré joins from the ECB executive board.
