What you sell when you’re not selling
It’s when you’re not selling that your true colours as an organisation shine through.
Banking
Top Chilean lender BancoEstado picks Mambu for digital core revamp
Mambu hails choice from market “plagued by legacy systems”.
Thought Machine wins major core banking deal with JP Morgan Chase
UK-based core banking vendor continues US expansion.
Monese moves into digital banking with Investec
The new partnership will see the international bank begin to offer digital banking services to UK customers.
UK community lender Barrow & District Credit Union goes bust
Local savings provider with 1,200 members falls into administration.
CaixaBank extends IBM partnership to underpin new CloudNow service
Spanish banking giant ready to deploy new hybrid cloud platform.
TSB lines up Scottish Widows’ Prettlejohn for chairman role
TSB seeks a new chair as its Sabadell departure remains up in the air.
UAE challenger Zand prepares for launch in both retail and corporate markets
New bank aims to break into an already crowded sector.
Exclusive: Nigeria’s Zenith Bank picks Oracle for worldwide tech overhaul
The lender is replacing existing Finastra systems with Oracle across multiple countries.
DF Capital launches digital savings platform powered by Mambu and ieDigital
Specialist lender hopes to automate processes and improve customer accessibility.
Open banking’s unstoppable momentum
Regulation directives continue to push the financial industry towards a more open model.
Fintech funding deals globally 13 September – 19 September 2021
Featuring BitSight, Melio, SellersFunding, Form3 and Xendit.
Goldman Sachs acquires BNPL firm GreenSky in $2.2bn deal
US bank aims to furnish its Marcus app with new capabilities.
JP Morgan to launch UK digital bank Chase this week
The digital bank forms part of JP Morgan’s planned international consumer expansion.
Sberbank deputy chair: “We’re the number one target for hackers around the globe”
Fintech Futures speaks with Sberbank’s Stanislav Kuznetsov about the importance of cybersecurity.
ICYMI funding round-up: TomoCredit, Lightyear, X-Margin, Coinfirm & more
More funding deals you may have missed during a busy week of news.
Elizabeth Warren calls on Fed to break up Wells Fargo
Senator cites the bank’s “longstanding ungovernable behaviour”.
Finnovex Middle East Summit: Digging deeper into resilient and agile transformation strategies
The event highlighted the imperative to endow the digital future of the region.
Shortlist announced for Banking Tech Awards 2021
Congratulations to all of this year’s finalists.
Back to the future for banks
Now is the best time for banks to plan and explore the future before the wave of change hits.
White paper: Five key qualities of a successful AML compliance programme
An effective AML compliance programme will protect your company from regulatory fines and prosecution.
Santander’s PagoNxt acquires majority stake in Mexican technology firm MIT
PagoNxt plans to bolster the development of its payments service Getnet.
TransUnion acquires Neustar for $3.1bn to integrate identity solutions
Credit reporting firm aims to branch into fraud prevention.
CBI turns to Nexi and SIA for Italian payments architecture project
Cloud-based solution to expand digital transaction banking services.
Of the things we cannot see
As the debate around working from home unfolds, I will confess there are things that worry me.
First Horizon Bank partners Wipro to support VirtualBank cloud migration
Wipro says it worked with six other companies to streamline VirtualBank’s cloud migration.
Dutch digital bank Bunq partners with Paysafe to offer cash deposits
The two companies say the partnership will facilitate “quick and secure cash deposits”.
Morgan Stanley poaches UBS managing director Gerson
Gerson joins after two and a half years at the Swiss investment bank.
Scalapay raises $155m in Series A round to fund BNPL expansion
European payments firm seeks greater foothold in core markets.
Video: fintech news pick of the week – PayPal, Standard Chartered, Mastercard & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Fintech funding deals globally 6 September – 12 September 2021
Featuring Varo, Scalapay, Wave, MNT Halan and Marshmallow.
Fintech start-up Koyo raises $50m in Series A round
The lender will use the cash to target the UK’s “near-prime” consumer credit market.
Julius Baer to revamp front-end services with Crealogix’s Digital Hub
Crealogix says its solution can help the bank offer “holistic solutions digitally”.
The cyber-resilience shortfall: are banks underprepared for a data breach?
Banks should look to bolster their cyber-resilience to prepare for and react to potentially costly data breaches.
FinTech Futures Jobs: Three brilliant roles to apply for this week
Exciting vacancies at Broadridge, Checkout.com and Deloitte. Apply today!
Australian challenger Avenue lands restricted banking licence
The digital business bank wants to make it easier for SMEs to grow their businesses.
ICYMI funding round-up: TruePay, BankiFi, Aurelia, Jeff & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Digital challenger Varo Bank lands $510m in Series E funding round
Funds will be used to boost product and tech development and fuel customer growth.
Live Oak Bank switches retail and commercial accounts to Finxact core
North Carolina bank ticks off penultimate stage of ongoing transformation.
Mastercard grows open banking offering with Aiia buy
The acquisition of the European open banking provider marks the latest move by Mastercard in the space.
