Fukui migrates to IBM Cloud to meet digital banking demands
The bank wants to respond quickly to changing customer preferences.
Retail Banking
Figure Eight acquired by Appen
Terms of the deal were not disclosed.
French PFM Bankin’ raises $20m in Series B
The firm has raised a total of €28 million investment since its inception.
Mount Lehman CU goes live with Smart Solution’s Universa
This is supplier’s sixth user in British Columbia.
Top fintech stories this week – 18 April 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
NCR chosen to support Provident Bank’s digital strategy
Aiming to achieve better capabilities, easy integration with core banking systems and a more intuitive design.
NBT Bank picks Fiserv to deliver tailored digital banking services
Software development kit enables employees to respond to customer feedback.
Zions’ Bancs conversion project rumbles on
This follows a go-live for consumer lending in May 2017.
New challenger Xpats kicks off from Mexico
Offering three different tiers of account and services.
Indian payments fintech Cashfree closes $5.5m Series A round
Investment will fund team expansion and distribution of API banking platform.
Canadian challenger Mogo merges with Difference Capital
It will give Mogo access to Difference’s technology company portfolio.
Video: fintech news weekly round-up – 15 April 2019
This week, news about challenger banks!
New funding values personal finance app Fintonic at €160m
Follows €19m investment round led by ING Ventures.
Sopra Steria acquires France-based core system vendor SAB
SAB’s SAB AT will be added to the acquisitive French company’s existing range of acquired core offerings.
Bnext launches travel insurance
The Spanish challenger is already expanding its product portfolio.
New funding set to make Monzo second-largest UK fintech start-up
£1.9bn valuation will see the challenger bank leapfrog rival Revolut.
Standard Chartered fined $1.1bn for bad AML and sanctions breach
Both US and UK regulators have imposed large penalties.
2gether’s prepaid crypto Visa card launches across eurozone
Follows successful beta launch in Spain.
Human Plus releases crypto payment ecosystem HupayX
Standing up to big players like Mastercard and Visa.
PFS bags Irish licence for Brexit contingency plan
This follows the acquisition of Barclays’ prepaid business.
Varo Money gets NICE AML tech
AML and KYC for all mobile needs.
Emirates NBD launches WhatsApp banking
The bank will expand the range of functions customers can use.
Hellenic Bank modernises payments with Fiserv
The Dovetail Payments Platform will help with customer personalisation.
Envel bank launches “driverless” money management tech
Personal finance, taken to the next level.
PASPX in tech overhaul with Temenos
PASPX was founded in 2008 and holds an e-money licence.
Chetwood launches new savings account SmartSave
It says it keeps the costs low through technology and by being outside London.
Three-way merger creates enlarged Bank of Baroda
The three banks are Bank of Baroda, Vijaya Bank, and Dena Bank.
AIB picks Boxever to personalise customer experience
Three-year contract is part of AIB’s digital transformation project
Three Finnish banks to move to shared core and payments tech from Temenos
Temenos’ regional partner Cognizant will implement and manage the new platform.
CMA clamps down on open banking implementation
Five of the nine banks are delaying implementing mobile functionalities.
Tinkoff builds most powerful supercomputer in financial sector
Offers much faster solution to machine learning and AI-related tasks.
Bene working up to be a challenger bank in Australia
The firm currently offers digital loans.
Zions modernises with D3’s digital banking tech
The bank aims to reduce complexities in the back office.
Finleap acquires German challenger bank Penta
Penta will collaborate with Beesy to serve Italian freelance market.
First blockchain Thai-Myanmar money transfer service to launch
Designed to meet the needs of migrant workers.
Moxy picks Nymbus to power DC’s newest bank for 20 years
Tech-focused bank aimed at underserved communities.
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ABN AMRO and Infosys partner for digital mortgage tech push
This includes Infosys’ acquisition of mortgage provider Stater.
UAE’s digital bank Liv launches Kasisto’s AI chatbot
The conversational AI is called Olivia.
Canada Life moves to UK with Temenos’ tech support
The Multifonds Global Accounting platform will consolidate investment assets.
