New challenger AlbaCo plans to launch with Temenos’ core banking
It expects to receive a licence from the PRA and launch in 2020.
Corporate & Commercial Banking
Australian start-ups welcome a senate inquiry into the fintech space
The start-ups argued that politicians have done far too little.
Tech vs. humans: Can fintech have it all?
Is interacting with a person over an algorithm a hindrance, or a help?
White paper: Moving traditional infrastructure into the smart POS world
Download the latest AEVI white paper
Valiant, Contovista and Swisscom launch a multi-banking solution for SMEs
SMEs can manage their liquidity across all connected accounts.
SmartStream RDU launches SFTR security reference data service
Gathering data required under SFTR could prove to be a headache for most firms.
Bankmed (Suisse) SA chooses MIT’s trade finance platform
“Releasing 5G is another important milestone for MIT.”
FCA steps up efforts to ensure firms are getting ready for a no-deal Brexit
This includes ads about its FCA Brexit webpages and a dedicated phone line.
Why has mid-market lending stagnated in banking?
One potential fix for this issue is the use of machine learning fintech.
New challenger bank Zenus picks NICE Actimize AML tech
The bank wants a cloud-focused financial crime strategy.
Nationwide partners up with Qlik
The primary goal is to make all employees across the organisation ‘data enabled’.
Volante launches free SaaS RTP instant payments processing
The offering is for the US Clearing House (TCH) RTP and European SEPA RT1 or TIPS instant payments.
NAB launches cybersecurity alliance in Victorian parliament
The bank has partnered with La Trobe University to provide cybersecurity workforce development.
BNP Paribas teams up with Kantox
This enables them to jointly offer Kantox’s Dynamic Hedging solution to BNP Paribas’ EMEA clients.
Xinja lands full Aussie banking licence
It is the country’s first independent neobank to receive a full licence and open accounts.
AI firm Syte eyes global expansion with $21.5m funding
The company will branch into visual AI-powered personalisation.
Delta Capita and DTCC Collaborate on SFTR Testing
Delta will make the test pack available to DTCC to test its own SFTR matching and reporting service prior to launch.
PRA grants Allica its banking licence
It’s now planning for a full launch and will ultimately offer working capital solutions and cash management.
Sonovate raises £110m to drive invoice finance
The UK fintech aims for international expansion.
AI: The missing piece for Cobol modernisation in finance
Modernisation for mission-critical software is in sight for the first time.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
EQT will raise at least €500m in IPO
EQT is the world’s seventh largest private equity fund.
Fintech start-up Byhiras chosen for UK pension solution
The solution will be used by all UK LGPS pension funds by Q1 2020.
PNC launches fintech start-up inside the bank
The first development has been indi, a mobile phone-based bank account for gig workers.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
EWPN and EPA collaborate on boosting equality in the finserv industry
EPA’s report shows 57% of those surveyed have personally experienced gender discrimination.
Singapore opens applications for new digital bank licences
Applicants must be committed to Singapore’s future.
Fintech platform Bond raises $10m seed funding
The company will spend the funds on growth and product development.
Big gains in the cloud, especially for small banks
But will putting our data in the cloud put our data at risk?
Raisin completes takeover of MHB-Bank
It is the first fintech in Germany to buy a bank.
Temenos acquires Kony for $559m
The transaction is due to be completed by early Q4 2019.
Equity Group reviews its fintech unit as executives quit
The Kenyan bank is considering running Finserve Africa as a division.
PNC becomes first US bank on RippleNet
The bank joined the blockchain payments platform in September 2018.
ICBA invests in Teslar Software for community banks
The undisclosed investment brings Teslar’s seed capital to $2 million.
Why should banks and fintechs work together?
Partnering up with fintechs and leveraging their agility and technological edge is what will keep banks relevant.
Digital assets focused SEBA receives Swiss banking licence
It is being hailed as a milestone for the blockchain and digital asset economy.
Standard Bank and Nomanini sign 12-months in the making $4m deal
Nomanini will be looking to raise additional funding for growth.
Doing smarter, cleaner business: The analytics potential of trade data
Banks’ data-rich future should not begin and end with trade flows.
New US banking service launches for international students
The account is designed to make life easier for new arrivals.
Wild West to crypto best: How compliance separates cowboys from champions
Major players will be forced into closer collaboration with regulators.
