FCA to ban the sale of crypto-derivatives to retail customers
UK regulator aims to clamp down on products “ill-suited” to the public.
Financial Services/Finserv
Bank of Thailand launches “world’s first” blockchain platform for bond issuance
IBM acted as a technology partner with its IBM Cloud.
Goldman Sachs to buy General Motors’ credit card portfolio
Goldman reportedly beats Barclays to nab consumer credit pool worth $8.5bn.
Goldman Sachs-backed Kaspi revives London IPO plans
The fintech holds a 65% market share of Kazakhstan’s digital payments flow.
The value of 20/20 hindsight
Anders la Cour, co-founder and CEO of Banking Circle, examines the lessons of 2020.
Sibos 2020: Industry has widespread “dissatisfaction” with transaction monitoring
Costs, compliance and confusion need to be solved by new technology, says panel.
Seedrs reveals £4.6m losses day after Crowdcube merger
Crowdcube’s acquisition of Seedrs is set to create a £140 million equity crowdfunding player.
Starling Bank launches online portal due to “customer demand”
Balance updates, standing order controls, and savings goals come as standard.
Sticking their necks out
Until now, no established, Black-owned, UK-founded bank has existed.
B-North raises £1m in ongoing Series A funding round
Manchester-based firm plans full launch for later this year.
Monese picks Thought Machine’s Vault to revamp core banking systems
Monese picks Thought Machine’s Vault to revamp core banking systems.
Welsh neobank Chetwood Financial unveils second lending product
Newly launched BetterBorrow is targeting “a slightly better credit mix” than LiveLend.
UK mortgages & savings: witnessing a digital transformation
There’s a clear demand in the UK market for a proven technology provider.
Daily News at Sibos 2020
Download your free copy of the Sibos supplement today!
Digitalisation Component Framework: an inside-out approach to digital transformation
Discover new areas where automation can be implemented & improve efficiencies without replacing existing systems.
Sibos 2020: JP Morgan CEO tells banks “don’t outsource your soul”
Jamie Dimon believes plenty of outsourcing firms “have no idea what they’re doing”.
Aussie start-up WeMoney raises $2m in seed funding
Financial health app plans to aid Australians in paying bills.
Sibos 2020: Banking Circle launches POBO and COBO payments transparency solutions
The solutions are available globally through Swift, Faster Payments, CHAPS, SEPA and local clearing.
Temenos hires Roger Klantschi as EVP for Americas
Former Infosys veteran joins Temenos to build on US drive.
Barclays appoints Taalib Shaah as new group CRO
Shaah joins from the bank’s international division.
French lendtech October raises €258m
€200 million of investment is headed towards Italian firms alone.
A sector ready for change
The Black community has been fighting for change for many years, often falling on deaf ears.
Video: Top fintech stories this week – 02 October 2020
FinTech Futures’ weekly news round-up.
Banks’ rapid digitalisation leaving compliance teams in “no man’s land”
Regulators need to understand the challenges facing compliance teams.
Tokyo Stock Exchange grinds to a halt in worst outage for 21 years
A hardware issue caused trading to cease for an entire day.
South African association predicts the death of the cheque
PASA says it’s willing to help banks make the transition.
JP Morgan Asset Management signs Morgan Money deal with SAP
SAP to deploy Morgan Money on its client-facing delivery platform.
Wirecard operations cease in Singapore, MAS slaps down more charges
Wirecard SG needs to return all customer funds within the next two weeks.
US associations go after OCC’s payments charter in critical letter
The OCC is currently in the swings of introducing another special purpose national bank charter.
The cloud promises unprecedented agility, and the time to create a roadmap is now
To gain the agility to compete in the modern banking environment, build and invest with the cloud in mind.
Getting ahead of the game in banking
The plethora of digital engagement platforms out there are really just very basic gamification platforms.
Can financial technology help reduce inequality?
Decisions made by algorithms can have a detrimental effect on people’s lives.
Swift launches project for “brilliantly simple” SME cross-border payments
The messaging and infrastructure network makes next step in new strategy.
Personalised banking – delivering moments-based customer experience
Proven ways for banks to improve personalised experiences, withith insights from Forrester, PWC and Gartner.
N26 snaps up ex-Dropbox exec Adrienne Gormley as new COO
New COO Gormley will head up N26’s global customer service.
Airwallex adds $40m to Series D round, hits $200m raised for 2020
Aussie-founded fintech plans to use cash to expand into new markets.
Argentina’s money management app Ualá launches in Mexico
“It’s a much better product than we had in Argentina [upon launch],” says the CEO.
Alkami Technology closes $140m funding round
The cloud-based digital banking firm has raised $378 million to date.
National Australia Bank pens merchant acquiring deal with Pollinate
The deal also sees NAB invest in the London-based fintech.
Mastercard and ACI sign payments infrastructure partnership
The pair are targeting central banks, schemes, and service providers.
