Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
Payments
ClearBank hires new CFO and CIO
UK clearing bank adds two to executive ranks.
Alibaba’s Ant plans Hong Kong IPO
“It is looking at selling between 5% and 10% of its shares in an IPO,” according to sources.
How financial institutions can capitalise on open banking benefits
The median open banking spending lies between €50-€100 million according to Tink.
AmEx, Visa, Mastercard and Discover to launch Click to Pay globally
Group claims 10,000 merchants on board in US.
Barclaycard and SAP extend partnership to combine Commerce Cloud and Smartpay
This is the second integration of systems between the pair.
TransferGo hires Edgardo Savoy as new CTO
Savoy will be responsible for leading TransferGo’s team of more than 60 engineers.
Square’s $55bn valuation reaches skies of major US banks
Square is $20 billion away from matching Goldman Sachs’ market valuation.
Mastercard invests in long-term fintech partner Verestro
The fintech has worked with Mastercard since 2011.
Instapay Technologies partners with Mastercard to support Malaysian migrant workers
Instapay Technologies is looking for 100,000 new users in the first year.
The Peoples Community Bank picks Finastra for new core system
Fusion Phoenix deployed at Wisconsin-based bank.
Aldi Nord switches card acquiring to Fiserv in five days
Fiserv steps in as long-serving technology partner for retailer.
UK Finance lands two new managing directors
Both new appointees will join the trade body in the autumn.
Introducing CRUX Digital Days – getting the crux of the tech matter
What’s shaping the financial services technology industry of today and what awaits it tomorrow?
Regional Australia Bank approves first Aussie open banking loan
The process took six minutes end-to-end, claims bank.
Australian Securities Exchange delays blockchain go-live to 2022
This is the second delay for the infrastructure project.
Monte dei Paschi explores merger plan with Banco BPM
World’s oldest bank looking to bulk up its resources.
Major banks take another step towards ‘truly European’ payment system
Some 16 of Europe’s major banks are set to initiate the implementation.
Infrastructure that gives you an edge: payments-as-a-service
The only technology model for future payments ecosystems.
Video: Top fintech stories this week – 03 July 2020
FinTech Futures’ weekly news round-up.
Trio of fintechs sign up to Mastercard’s Open Banking Protect
Aion, DiPocket, and Modulr have signed up to Mastercard’s Open Banking Protect solution.
UK opens virtual fintech trade mission to APAC
The fintech deal follows FTA talks between the UK, Australia and New Zealand.
Elevate Credit ceases UK operations
It will no longer be operating its wholly-owned UK unit, ECIL, under the “Sunny” brand.
Fintech start-up Simpl targets India’s low credit card adoption
Just 3.85% of Indian consumers have credit cards.
The Philippines launches government-owned OFBank for overseas citizens
Filipinos will be able to sign up to the new service with a selfie.
Allica Bank goes live on Profile platforms
FMS.next and RiskAvert deployed at SME challenger bank.
Xalq Bank goes live with TranzAxis from Compass Plus
Xalq Bank joins compatriot Unibank as a TranzAxis user.
Wirecard’s UK subsidiary WCS: missed red flags
Red flags include late 2018 financials and a €156,000 lost lawsuit.
65% of banks say legacy systems holding back Swift gpi adoption
Volante, HSBC and Deutsche Bank, share their insights on a recent webinar regarding Swift gpi.
TransferWise partners with two Swiss banking services
TransferWise will tap neon’s 30,000 users.
Mobile money gateway MFS Africa acquires Beyonic for SME play
The value of the acquisition has not been disclosed.
FCA lifts restrictions on Wirecard Card Solutions
UK watchdog allows payments to restart.
What the Fintech? Episode 8 | Payments: were systems in Europe ready for COVID-19?
Tune in to find out an eyebrow raising banished buzzword in another rendition of ‘Fintech Jail’!
Why every company will soon be a fintech company
Why companies that have nothing to do with finance will get into financial services.
Report: Five success factors for an ideal ISO 20022 migration
ISO 20022 represents an opportunity for banks to reinvent the way they operate.
solarisBank enables instalments for German AmEx customers
AmEx users can spread payments of more than €300.
Curve gets services back online over weekend
The fintech is still working on third party digital wallet usage and refunds.
Newly licensed RevoluPAY taps global remittance market
The fintech landed its PSD2 licence in Spain at the end of May.
Two UK credit unions go live on ClearBank & incuto tech
Hoot Credit Union and Lanarkshire Credit Union activate faster payments.
Video: Top fintech stories this week – 26 June 2020
FinTech Futures’ weekly news round-up.
