Temenos appoints former SAS EVP as new European president
David Macdonald joins Temenos after 19 years at SAS.
Financial Services/Finserv
Rabobank outsources regulatory reporting with BearingPoint
BearingPoint to take on a slice of Rabobank’s European reporting needs.
Bravura Solutions acquires Delta Financial Systems in £23m deal
Aussie fintech expands reach in the UK with Delta acquisition.
Modul8 and Nium partner to provide card-issuing for APAC region
The two claim they can deliver the service for companies in as little as three months.
The intersection of digital identity verification and customer empowerment
Mobile onboarding must deliver an experience that is secure and friction-free.
Swiss investment challenger FlowBank picks Temenos Transact
Temenos is set to deliver its system on a SaaS basis.
Chinese lender Lufax set for US IPO despite Trump’s delisting plans
The IPO could raise between $2 billion and $3 billion.
Fintech Razorpay becomes India’s fifth unicorn during COVID-19
By 2025, Razorpay wants to have 50 million business customers.
Marqeta bags undisclosed Mastercard investment
“We want to invest in products, in customers and invest in continuing to grow globally,” says Marqeta.
Former Barclays execs to launch challenger bank Pennyworth for UK’s “aspiring affluent”
The start-up promises impressive rates considering the current 0% interest climate.
Bulgaria’s Paynetics swoops in to buy part of Wirecard UK and Ireland
“Paynetics showed up as the white knight,” says Wirecard.
The imperatives behind BFS
The current crisis highlights the urgent action required for businesses to upgrade to digital platforms.
Webinar: Accelerating growth & building resilience in corporate banking – benefits of moving to open APIs
72% banks have seen an increase in the integration of corporate banking APIs this year. What’s you organisation doing?
Russia’s Tinkoff launches messenger service in its app
Tinkoff claims to have acquired 1.7 million new credit accounts since the beginning of this year.
Affirm files IPO application, but financials are confidential
Fintechs in the BNPL space have seen their valuations rocket.
Indian crypto exchange Unocoin is raising $5m with Draper’s help
Unocoin allows users to trade in bitcoin (BTC), ether (ETH) and tether (USDT).
Breaking down walls
FinTech Futures took this somber moment to sit with Keisha Bell at DTCC.
Video: Top fintech stories this week – 09 October 2020
FinTech Futures’ weekly news round-up.
Sibos 2020: Citi’s CEO calls on banks to deliver social justice
“We have a larger obligation to deliver fairness.”
Bank of America teams up with Black-owned Unity bank
BoA has acquired approximately 5% of the bank’s common equity.
Capitec Bank selects HPS PowerCard to power new product launches
The South African Bank aims to “simplify” banking for its customers.
UK challenger Monument lands restricted banking licence
Monument has raised £20 million to date.
Jordan Ahli Bank goes live on Temenos Infinity
The Jordanian bank is an existing user of Temenos’ core banking system.
Ranqx signs digital lending deal with Mambu
The New Zealand firm will deploy Mambu tech alongside its own systems.
LendingClub shuts retail P2P offering as it focuses on institutional investors
The fintech allowed consumers to invest in Notes, corresponding to fractions of loans.
Sibos 2020: BNP Paribas chairman says COVID-19 “not a banking crisis”
The work of banks, regulators and governments has kept things calm, says Jean Lemierre.
Virgin Money slashes 400 jobs as it lands £35m government grant
The 400 job cuts are part of a forecast 16% reduction in Virgin Money’s headcount.
Banks must empower SME clients with more than a repackaged retail account
“Once you strip back a lot of the functionality in retail banking it’s more about experience than solving issues.”
Nigerian fintech Lidya lends $3m to SMEs in Eastern Europe
The fintech start-up expanded into the region during the beginning of the COVID-19 lockdown.
Citi invests in markets software firm Genesis Global Technology
The undisclosed strategic injection sees Citi deploy some Genesis tech.
UK Finance appoints David Postings as new CEO
Postings is an industry veteran, spending 25 years at Barclays and three at Lloyds.
Banking Technology October 2020 issue out now
Educate, advocate, invest: It’s not enough for companies to pay lip service.
FinTech Futures Jobs: eight tips for landing a job in a new city
And make sure to check out Fintech Futures Jobs for a variety of excellent vacancies!
Sibos 2020: Future artist
I see growing companies. I see ambitious professionals. I see evolving stories.
Sibos 2020: ING’s CEO urges regulators to give banks a PSD2 equivalent
Van Rijswijk is “strongly advocat[ing]” that regulators come up with an equivalent for banks.
Sibos 2020: Søren Skov Mogensen, chief growth officer at Banking Circle
He discusses the firm’s recent research.
Sibos 2020: Banks must persevere with difficult fintech partnerships
CommBank CEO CommBank says all deals are valuable learning opportunities
FinTech Scotland on hunt for new CEO
The industry organisation was formed with the help of Lloyds and HSBC back in 2018.
South African challenger Bettr prepares for 2021 launch
“Young people are being excluded from wealth-generating services,” says CEO.
Sibos 2020: SmartStream advances AI solutions for data management
The new tech “enables non-IT staff to take multiple complex data sets and compare them within seconds”, says CIO.
