British Business Bank selects Solidatus for data management
Firm looks to boost its data governance and data lineage capabilities.
Partnerships
GC Partners to boost Asian payments network with Nium collaboration
UK firm looks to strengthen its payment services offering in major Asian markets.
Objectway acquires German core vendor Die Software Peter Fitzon
Italian software company plans all-in-one wealth and core product suite.
DueDil to merge with Artesian Solutions due to “lack of funding”
Reports indicate DueDil shareholders won’t get a return on investment.
Video: fintech news pick of the week – BharatPe, Apple and BigPay
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Extended deadline announced for Banking Tech Awards 2021
The new nomination deadline for the Banking Tech Awards 2021 is 20 August.
Apple partners Affirm Holdings to launch Canadian BNPL service
Apple will allow customers to pay in instalments to buy iPads, iPhones, and Macs.
Australian challenger Alex goes live on Temenos
The digital bank was granted a banking licence by APRA last month.
Broadridge acquires Alpha Omega in Itiviti combination plan
Broadridge will combine Alpha Omega and Itiviti’s post-trade solutions.
Dear Luc: Should I pick a fintech specialist or a jack-of-all-trades?
This week someone writes in to ask: should I pick a fintech specialist or a holistic provider to partner?
Exclusive: Central Bank of Egypt selects collection of Oracle FS platforms
Central bank picks a range of systems from digital banking to treasury and credit facilities.
Exclusive: Oracle FS wins major lending deal with AT&T
US telecoms giant picks lending and leasing solutions.
Cuscal picks BHMI’s Concourse to support upcoming NPP initiative
PayTo will look to enhance the current NPP payments system.
Square plans $29bn acquisition of Aussie BNPL firm Afterpay
The deal will become Australia’s largest ever acquisition.
Fiserv partnership with Goldman Sachs brings initial B2B payments offering
The two companies have forged a strategic relationship which will see additional combined solutions.
RBC Wealth Management picks Broadridge to power US division
Multi-year deal also features Broadridge’s Asset Servicing platform.
Lloyds to acquire savings firm Embark Group in £390m deal
UK bank aims for “top three” position in the retirement and savings market.
Major Indian banks join trade finance blockchain project IBBIC
The consortium promises the creation of a secure environment for processing letters of credit.
Nymbus signs Plaid partnership deal to boost client onboarding
Core banking provider says deal will improve a range of identity processes for customers.
Lloyds and Mastercard sign open banking payments partnership
The new platform, PayFrom Bank, utilises Mastercard’s Payment Gateway technology.
Commerzbank to write off €200m after scrapping outsourcing project with HSBC
The bank cites implementation risks and changed market conditions as the reasons behind its decision.
Klarna acquires German payments fintech Stocard
Rumoured deal is valued at around €110 million.
BNP Paribas Wealth Management picks InvestCloud to boost onboarding
InvestCloud’s solutions will be used for onboarding and managing high-net-worth client relationships.
Dear Luc: What’s the deal with embedded finance?
This week someone writes in to ask: how can I get on the embedded finance bandwagon?
Revolut picks Equifax as UK data and analytics provider
Revolut’s app is now powered by Equifax cloud-based data in both the UK and US.
Afterpay to launch lifestyle app Money on Westpac tech
BNPL firm aims to make Money a primary account for users.
Verizon and Mastercard forge partnership to bring 5G capabilities to payments
Internet of Things (IoT) sensor connectivity will be combined with near real-time edge computing.
Discover targets BNPL offering with $30m Sezzle investment
The firm plans to launch a BNPL network solution on the Discover Global Network.
ID verification firm Trulioo announces four new payments partnerships
The company has partnered PayDo, Pollen Technologies, Sokin and XanderPay.
Fifth Third Bank picks FIS to power digital transformation
The bank will deploy FIS’s Modern Banking Platform (MBP) and Unity Wealth Platform.
Aussie challenger bank Volt acquires neolender Australian Mortgage
The two companies had entered into a partnership earlier this year.
Apple reportedly in talks with Goldman Sachs to launch BNPL service
Goldman Sachs has been Apple’s partner for the Apple Card credit card since 2019.
International Bank of Somalia partners Visa to launch card payment service
The partnership will enable cashless payments in the country.
UK fintech sector enjoys record-breaking year for investments
H1 2021 saw $5.7bn raised across 317 deals by UK firms.
CIBC signs cloud partnership deal with Microsoft
The deal will see CIBC utilise Microsoft Azure as its primary cloud platform.
Gulf Bank picks Murex’s MX.3 treasury management platform
Kuwait-based firm is looking to become a “fully integrated digital bank”.
Swishfund swaps out back office tech for Five Degrees’ neo
Dutch lender chose from a range of cloud-based providers.
VyStar Credit Union picks Nymbus to outfit online and mobile banking
The Floridian credit union has also invested in Nymbus’ CUSO project.
RationalFX selects TruNarrative to boost ID verification
The firm aims to reduce its onboarding time to “less than 5 minutes”.
Signicat acquires Spanish video identity firm eID
Norwegian vendor pulls the acquisition trigger after four years of partnership.
