Commonwealth Trade Bank selects Intellect Design Arena’s IDC system
Newly renamed bank to use IDC across multiple operations.
Banking
UK start-up Asterisk Networks aims to disrupt securities lending market by axing middlemen
The fitnech will also address regulatory costs from Basel III.
Banking Technology November 2019 issue out now
The identity challenge.
The Clearing House connects 15 credit unions to RTP network with Jack Henry
All of Jack Henry’s clients will move to RTP in the future.
Neobank Rebellion becomes first fintech to offer Spanish IBANs with banking licence
A Spanish IBAN will allow users to direct their salary to their Rebellion account.
Flywire furnishes Bank of America with cross-border payments solution
Bank’s higher education and corporate clients can expect better cross border service.
SME challenger bank Recognise signs on Mambu tech
Mambu Core will be plugged into the bank’s tech alongside nCino.
SME lender Lidya aims for top spot in Nigeria, next stop Eastern Europe
Lidya expanded to Central Eastern Europe (CEE) earlier this month.
Elavon and Santander help Poppy Appeal in ‘largest cashless charity campaign in Europe’
The fintech is deploying 1,100 cashless terminals across the UK.
UK fintech Koyo raises £3.8m to aid wiped credit histories
The fintech helps migrants or people who’ve never taken credit or been the main bill payer.
Bad bosses aren’t the whole story: the good bosses that made me
This is what good looks like.
Norwegian challenger Bulder Bank launched by Sparebanken Vest
Bulder Bank plans to expand from mortgages in the near future.
Accessible and international SME banking
Options available to SMEs vary dramatically yet rarely fit the bill.
Swiss lender Tallyon targets wealthy with crypto founder, applies for banking licence
Lender says it will use new technology to avoid “legacy burdens”.
Finxact signs payments partnership with The Clearing House
Firms will work to implement real-time payments into the Finxact core.
Starling Bank launches dual currency debit card with pounds and euros
The card will go live alongside its business euro account launch.
Nationwide invests in UK energy bill saver Switchd
Switchd considers the energy market outside the six big players too.
Consolidated Bank Ghana goes live on Temenos T24 Transact
Consolidation project finalises under Temenos platform.
Uber relaunches credit card with Barclays, drivers get real-time cash flow
Uber has rolled out its financial product line Uber Money.
Banca Monte Paschi Belgio rebrands as new digital bank Aion
Warburg Pincus to rebrand new acquisition four months after regulatory approval.
TransPecos Banks goes live with Nymbus to support BankMD
Digital-only bank for doctors live with Nymbus solution.
Head above the clouds with Deepak Gupta
“Every mid-sized and large bank knows they have to offer RTP.”
DTCC appoints Lynn Bishop as chief information officer
Bishop also supports the advancement of women in STEM careers.
Citi partners Global Processing, PPRO to support new payments offering
Spring by Citi will be offered to institutional clients.
Singapore remittance start-up InstaReM rebrands to Nium
Nium CEO envisions a world where everyone’s money is free for them to use.
Standard Chartered opens second innovation lab in Hong Kong
The hub will be located at the bank’s 42-storey skyscraper in central Hong Kong.
Bank of America unveils new mobile banking app with loan applications built in
The bank has 29 million mobile clients.
UK Treasury Committee: Regulators must punish banks for IT failures
UK regulators “must have teeth and be seen to have teeth”.
Nordea writes off millions in IT impairment charges
The bank has racked up a €1.3 billion bill for one-off items.
Being black in the financial services industry
“Bank accounts were just not something you could attain with black skin”.
UniCredit reports data breach affecting three million accounts
The data leak stems from a four-year old file.
Spanish fintech PecunPay chooses IBM to implement Red Hat platform
The start-up is trying to keep up with ever-changing mobile apps.
OneSpan director: Banks need to implement AI’s full potential
Banks still have siloed data pools which can’t quite be pulled.
570easi launches French Islamic banking challenger SOeasi
570easi now holds a customer base of more than 90,000.
Backbase and Payveris sign digital banking partnership
The two firms aim to ease banks’ payments pain.
US regulators sign up to Global Financial Innovation Network
The CFTC, FDIC, OCC and SEC are all on board.
TSB COO: “Whole host of things” need to be fixed
Bank executive spoke candidly at a company event.
TransUnion appoints ex-KCOM exec Mike Davies as COO in UK
Davies grew KCOM’s business value from £50m to more than £500m.
US challenger Current raises $20m in Series B, surpasses half a million customers
The neobank began as a parent-controlled teen debit card in 2017.
SMB lender BlueVine launches banking service with Mastercard debit card
SMBs will see 1% interest on their balance and no monthly fees.
