Citigroup restarts job cuts after coronavirus pause
US lender plans big infrastructure changes in the final months of the year.
Financial Services/Finserv
SEB combines personal and business finance to launch Unquo
The new venture is spearheaded by Christoffer Malmer, head of SEBx.
US neobank Chime set to more than double in value to $15bn
The new valuation would pit Chime ahead of Brazilian neobank Nubank.
Under pressure
Principles are the sort of substance that doesn’t bend under pressure.
FinovateFall 2020: The one-app strategy is unit banks all over again, says Google
Network centrality isn’t new to banking, says Google Cloud head.
Citizens Bank app bombarded with bad reviews as tech update goes awry
US bank experiences avalanche of bad feedback over mobile changes.
German fintech lender Monedo files for bankruptcy
Founded in 2012, Monedo was called Kreditech until earlier this year.
Subaio launches outside Nordic home with ABN Amro
To date, the 25-person fintech has signed contracts with seven banks.
Klarna raises $650m funding at $10.6bn valuation
It has doubled its value which was previously set at $5.5 billion just over a year ago.
AFME: EU must focus regulatory efforts on emerging technology
The AFME focuses on crypto-assets, artificial intelligence and cloud computing.
Elevations Credit Union selects Temenos Infinity for front office revamp
The Colorado-based credit union wants to change its member experience.
Fraudsters rake in £58m during COVID-19 by impersonating banks
Impersonation scams have risen 84% in 2020.
FinovateFall 2020: Why Banking-as-a-Service is fintech’s newest trend
It essentially turns the company into a challenger bank, even if the company has no ties to banking.
FinnovateFall 2020: Digital tools creating a new kind of banking customer
Marcus executive says banks must prepare for a post-COVID world.
Ex-N26 employee lands $1.8m to launch ETF-linked checking account
“This is an everyday account, we don’t want you to risk your money,” says CEO.
FCA shuts down half its money-laundering investigations in 2020
It stopped seven of the 14 investigations into money laundering since January.
EXCLUSIVE: Oracle wins deals with Mashreq Bank and Desjardins
Oracle has also picked up a new deal in Bangladesh.
Hong Kong virtual bank Livi picks Wolters Kluwer for regulatory reporting
New bank wants OneSumX to cover its compliance.
Five major UK banks sign up to Tech Nation’s collaborative “Fintech Pledge”
The pledge rests heavily on banks sharing more information.
Glint launches P2P service months after takeover saga
The gold wallet has launched a new service amid claims of a string of record months.
FinovateFall 2020: Dealing with a new digital normal
FinTech Futures speaks to Tracy Schlabach, Accusoft senior manager for product and customer marketing.
FinovateFall 2020: making the cost of compliance work for you and against the fraudsters
Discover the key to undermining the ability of criminals to profit from cyber-fraud.
FinovateFall 2020: COVID-19 a chance to build, not just react
“Companies need to leverage this inflection point correctly.”
Supplement: FinovateFall 2020
Read our free FinovateFall Supplement, packed with fintech goodness!
Deutsche and Innopay talk open banking beyond PSD2
FinTech Futures sits down with Deutsche Bank and API consultancy Innopay.
Chip breaks crowdfunding records to raise £10m in 48 hours
6,420 investors participated in funding backed by the Future Fund.
European Commission resumes LSE-Refinitiv antitrust probe
The EC had paused proceedings in July as it waited for data.
US Bank’s CDO leaves for Google after a brief stint
Before US Bank, White headed up BBVA’s creation unit.
EBA calls for EU-wide set of anti-money laundering rules
European regulator says national rules have had “an adverse effect” on AML.
Santander spins out Innoventures successor Mouro Capital with $400m
The bank has doubled its investment into its VC arm.
Nedbank Private Wealth appoints Chris Kirk as new chief risk officer
Chris M Kirk joins the firm to support its international growth.
Regulatory sandbox at heart of Egyptian fintech boom
“For the first time, we are seeing a key dialogue with central players,” says Paymob.
FinovateFall 2020: a return to the fundamentals
Greg Palmer, VP at Finovate, analyses what the “new normal” looks like for the finserv industry.
E-book: Financial services – the smarter way to workflow
Future-proof your financial services institution in an era of rapid transformation.
IDC Snapshot: Improving operational excellence and customer experience in retail banking
Organisations that have a common business and technology roadmap have had more success than those with separate plans.
Video: Top fintech stories this week – 11 September 2020
FinTech Futures’ weekly news round-up.
Wirecard’s UK subsidiary WCS confirms Railsbank deal
Update 10/09/2020: An asset purchase agreement with Railsbank subsidiary PayrNet Limited has been signed.
Mawer Investment Management picks SimCorp Dimension
The Canadian firm plans a front-to-back revamp.
Citi appoints Jane Fraser as new CEO
Fraser will be the first woman to lead a bulge bracket bank.
White paper: Addressing financial services technology challenges during growth
How to realise the full potential of IT integration: get your systems in order, be diligent about due diligence, and prepare for post-merger.
