Jumia to close Rwandan business
It comes just weeks after it exited Cameroon and Tanzania.
Retail Banking
Deutsche Bank plans €100m streamlining project for retail ops
German lender continues its dramatic savings plan.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
US challenger Unifimoney launched by former Samsung Pay exec
The new bank is aiming for a 2020 launch.
UK regulators take aim at banks’ IT failures
The FCA, PRA and Bank of England have published a paper on operational resilience
CWB Financial Group selects Temenos Infinity for front office ops
The Canadian firm also deploys Temenos T24 in the core.
TSB selects Iress Lender Connect to boost brokerage
Iress calls the deal the first it has signed with a “top tier” bank
The driverless bank
A truly digital organisation can live without one of the five P’s that typically creates friction.
Italy’s largest bank UniCredit to cut 8,000 jobs by 2023 to reward shareholders
The bank wants to reach a 2023 revenue target of €19.3 billion.
Temenos inks deal with Egyptian National Post
The firm will be replacing 20 legacy systems in the process.
Reserve Bank anticipates cardless retail landscape in Australia
Merchant fees on card payments in Australia came to AUS $4.3 billion last year.
TCS migrates ABCUL credit unions to Bancs on the cloud
Voyager Alliance, East London and RetailCURe moved to the new platform.
Nile Bank selects Oracle as new core banking provider
Implementation partner Profinch to ensure deployment.
TSB plans 82 branch closures in £100m cost cutting exercise
UK bank spends 85% of income on running costs, says CEO.
EQ Bank completes cloud-based Temenos core banking project
Bank finalises migration to the Microsoft Azure cloud.
Building a digital atelier: How fintechs are disrupting the fashion industry and combating waste
MTO technology can significantly reduce the march of overproduction.
Money20/20 USA: How Tangerine champions personalised digital banking with Meniga’s tech
From proof-of-concept to market launch, results, and lessons learnt.
Askari Bank selects Finastra to boost trade finance operations
Pakistan-based bank selects Fusion Trade Innovation.
Amica emerges as latest challenger in Indian banking market
The neobank remains in stealth mode for the time being.
Fraud reimbursement plan stalls with lack of industry consensus
Pay.UK calls on banks to come together and back creation of central fund.
Asian massage chair tycoon targets Singapore banking licence
Ron Sim is said to be in talks with Singapore-based investment company Temasek.
Bank of Georgia launches AI-powered personal finance tool
The new PFM tool is first of its kind in the Caucasus, says the bank.
Challenger banks in Hong Kong
A free guide to help our readers navigate Hong Kong’s challenger banking space.
Apple Bank picks FIS for core banking change
FIS IBS to be deployed on a hosted basis at the New York bank.
Fintech Talents 2019: Banks must grab digital opportunity
Industry panel argues that change is coming for all lenders.
Wells Fargo ordered to pay USAA $200m for infringed payments patents
USAA has further lawsuits pending over cheque deposit system.
Clearpay helps Marks & Spencer tap millennial generation
The paytech charges the merchant rather than the consumer.
City National Bank of New Jersey shut down by OCC
Three US banks have been closed in two weeks by regulators.
Desjardins Group data breach affected all 4.2 million members
Internal leak forced change in government policy.
Banking Technology November 2019 issue out now
The identity challenge.
Flywire furnishes Bank of America with cross-border payments solution
Bank’s higher education and corporate clients can expect better cross border service.
SME challenger bank Recognise signs on Mambu tech
Mambu Core will be plugged into the bank’s tech alongside nCino.
Norwegian challenger Bulder Bank launched by Sparebanken Vest
Bulder Bank plans to expand from mortgages in the near future.
Accessible and international SME banking
Options available to SMEs vary dramatically yet rarely fit the bill.
Finxact signs payments partnership with The Clearing House
Firms will work to implement real-time payments into the Finxact core.
Consolidated Bank Ghana goes live on Temenos T24 Transact
Consolidation project finalises under Temenos platform.
TransPecos Banks goes live with Nymbus to support BankMD
Digital-only bank for doctors live with Nymbus solution.
Standard Chartered opens second innovation lab in Hong Kong
The hub will be located at the bank’s 42-storey skyscraper in central Hong Kong.
UK Treasury Committee: Regulators must punish banks for IT failures
UK regulators “must have teeth and be seen to have teeth”.
TSB COO: “Whole host of things” need to be fixed
Bank executive spoke candidly at a company event.
