BNP Paribas purchases stake in Allfunds to bolster wealthtech solutions
Bank aims to create market-leading software using Allfunds expertise.
Banking
Islamic challenger bank insha launches in Germany
New entrant wants to place the daily life of a Muslim at the centre of its offering.
US challenger bank Denizen shuts down
The expatriate bank failed to reach required scale.
Investor rights lawyers investigate Wirecard securities fraud
Earlier this year, white-collar crime investigators raided Wirecard’s offices in Singapore.
Dutch challenger bank bunq reveals Brexit delayed its ‘wish list’ UK launch
The UK was the first country on bunq’s launch “wish list”.
PayPal subsidiary Venmo launches first credit card with Synchrony Bank
Venmo will now be able to compete with N26 and Chime in the US market
Bankmed deploys suite of Diebold Nixdorf ATMs
Lebanese bank is the first in the country to install cash recycling locations.
Three million ABN Amro customers face in-person ID checks
Bank is aiming to comply with anti-money laundering regulations
Nebraska’s Pathway Bank enters world of video banking with POPi/o
POPi/o also has partners in California, Idaho, Nevada and New York.
Making payment easy across Africa and beyond
Thabo Makoko, explores how the continent can improve its payments infrastructure.
Video: Top fintech stories this week – 18 October 2019
FinTech Future’s weekly news round-up.
FinovateAsia Best of Show winners announced
“We are thrilled to be back in the Garden City.”
Webinar: Revolutionizing Credit Cards: How to Deliver Value Through Context
Catch the latest Finovate webinar on-demand!
US challenger Chime goes down for millions of customers
Chime serves more than five million accounts across the US.
CNB Bank selects nCino to digitise retail lending processes
Pennsylvanian bank opts for firm’s Bank Operating System.
Yorkshire Building Society opts for OutSystems
Installation of a new integrated development environment underway.
Temenos wins new deal in Finland with Municipality Finance
Finnish credit firm opts for Temenos T24 Transact.
CIMB Bank Singapore completes first trade finance transaction with blockchain
Bank was aided in the transaction through use of iTrust platform.
Can compliance directors successfully reposition themselves as business leaders?
The role of banking compliance is in mid-evolution.
From stablecoins to central bank digital currencies
In the sCBDC model central banks would focus on their core function: providing trust and efficiency.
Webinar: How To Move Banking Experiences From Product-Centric To Customer-Centric
Is your bank keeping pace with escalating customer expectations shaped by their mobile experiences?
Finovate Podcast: Epsiodes 1-10
Catch up on the latest Finovate Podacast espisodes.
Deutsche Bank selects Tieto to boost virtual account services
The deal enables an enhanced cash management offering to corporate clients.
Bank of England finds two-thirds of industry using machine learning
Firms would like to see more guidance around ML regulations.
eBook: 5 AI solutions every retail bank needs
Download the DataRobot ebook today
Santander leads €35m funding round in digital debt marketplace CrossLend
Lakestar, ABN AMRO Ventures and Earlybird will also be investing.
FCA will ‘take appropriate action’ against product greenwashing which misleads customers
The regulator will work on “common standards and product disclosures”.
ID Finance crowdfunds £1.5m in minutes, eyes up Hispanic and Latino loan market
ID Finance is on track to double revenues to €90m this year.
Link extends Vocalink infrastructure contract to 2031
Vocalink emerges winner of competitive bid process.
Calastone takes on ex-BNY Mellon exec Dan Kramer for US expansion
Kramer managed end-to-end customer experience at BNY Mellon.
Libra publishes signed charter with 21 members, inc. Spotify, Uber and PayU
Libra’s meeting also agreed on board members and staff.
Old Mutual plans to move 1,000 applications to AWS cloud
South African financial group makes strategic cloud decision
Hong Kong Exchanges and Clearing inks deal with Transaction Network Services
The agreement will see low-latency connectivity being offered to HKEX trading partners.
Cashforce solves forecasting challenge for treasuries, raises €5m funding
INKEF Capital and Citi Ventures led the Series A round.
Uwharrie Bank chooses Fiserv’s DNA core platform
The bank has also added card services.
DIS 2019: OBIE trustee says business-consumer adoption figures in ‘hundreds of thousands’
The ‘big nine’ UK banks still represent around 95% of the market, says OBIE.
DIS 2019: Lendtech OpenWrks says it can predict divorce and relationship breakdown
OpenWrks can determine when gambling will become a health issue too.
UK lendtech Zopa brings transparency to credit score calculations
Zopa says it’s the first lender to show how it determines who to lend to.
Nigerian fintech Lidya launches SME lending platforms for Poland and Czech Republic
The company’s USP is to create 100 million jobs worldwide.
Educating the masses
The age for financial literacy is getting younger and younger.
