Temenos inks deal with Egyptian National Post
The firm will be replacing 20 legacy systems in the process.
Core Banking System
Legal & General outsources more of its investment arm to Charles River
The firm is moving closer to a centralised, cloud-based platform.
Video: Top fintech stories this week – 29 November 2019
FinTech Future’s weekly news round-up.
Nile Bank selects Oracle as new core banking provider
Implementation partner Profinch to ensure deployment.
Smartstream partners with Union Systems to tap Africa’s finserv space
Union Systems has a presence in 19 African countries.
N26 selects Eurobase Siena to manage its treasury operations
Siena will manage the treasury operations of N26’s 3.5 million customers.
TSB plans 82 branch closures in £100m cost cutting exercise
UK bank spends 85% of income on running costs, says CEO.
Epiphany CEO: We’re the only “truly open” banking platform in the industry
The CEO says other banking technology providers are “not really open”.
Thought Machine becomes Google Cloud partner
Google Cloud is already popular among Thought Machine’s clients.
Bank Mandiri selects Avaloq Banking Suite to consolidate legacy wealthtech
Major Indonesian bank wants Avaloq to power $14bn wealth division.
Sberbank CTO: Banks are ‘no less’ fintech than tech upstarts
“We [the banks] are fintechs,” says Sberbank’s CTO
CSConnect UK 2019: Round-up of key cybersecurity trends
The conference brought together chief information security officers (CISOs).
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”.
CSI reveals 11 US core banking deals signed since February
The core banking vendor is aiming to beat the 23 it signed in 2018.
Apple Bank picks FIS for core banking change
FIS IBS to be deployed on a hosted basis at the New York bank.
Interac acquires Ottawa-based digital security company 2Keys
2Keys will operate as “2Keys – a subsidiary of Interac Corp”.
AI: A force for good?
The last of the two part series by Nadia Sood, CEO at CreditEnable.
Video: Top fintech stories this week – 08 November 2019
FinTech Future’s weekly news round-up.
Avaloq lays groundwork for 2020 sale
Swiss firm’s divestment from Warburh Pincus is picking up steam.
Backbase Connect 2019: Final round-up and key takeaways
How banks will survive the “neo-reality”.
Backbase Connect 2019: How Backbase built a digital bank in 47 minutes
From an uncustomised template to a fully-customised, integrated banking app with 13 mins to spare.
A Rare first in banking: Thought Machine unveils Vault Rare feature
Vault Rare will allow banks’ customers to edit, adjust and even visually style banking products themselves.
AFME promotes further adoption of public cloud in capital markets in new paper
The paper also outlines several barriers to cloud adoption at present.
Backbase Connect 2019: Backbase challenges Banco Santander’s €20bn digital spend
The digital banking firm says it will build a digital bank in one hour.
Westpac partners with 10x Future Technologies to build new platform
Australian bank hints at moving to 10x technology for its core.
Case study on Bank of America: How robots help serve and protect the bank
In a bank of this size, there are many areas that would benefit from automation of repetitive tasks.
Video: Top fintech stories this week – 01 November 2019
FinTech Future’s weekly news round-up.
Commonwealth Trade Bank selects Intellect Design Arena’s IDC system
Newly renamed bank to use IDC across multiple operations.
Banking Technology November 2019 issue out now
The identity challenge.
SME challenger bank Recognise signs on Mambu tech
Mambu Core will be plugged into the bank’s tech alongside nCino.
Finxact signs payments partnership with The Clearing House
Firms will work to implement real-time payments into the Finxact core.
Consolidated Bank Ghana goes live on Temenos T24 Transact
Consolidation project finalises under Temenos platform.
DTCC appoints Lynn Bishop as chief information officer
Bishop also supports the advancement of women in STEM careers.
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.
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.
TSB COO: “Whole host of things” need to be fixed
Bank executive spoke candidly at a company event.
Core banking challenger Neocova launches in central USA
New firm on the block wants to change how community banks are served.
Thought Machine to power Standard Chartered’s new Hong Kong bank
Vendor to underpin digital bank’s new products.
