NAB to migrate 35% of IT portfolio to cloud
As well as shutting down 15-20% of its IT applications.
Retail Banking
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Vizolution evolves with £10m funding from three major banks
Santander, Royal Bank of Scotland, and HSBC supporting the Wales-based tech supplier.
Bank Zero launches trial in South Africa
Bank Zero is mobile-driven, 45% black-owned an 20% women-owned.
Lloyds customers leverages Open Banking for iwoca loans
Integrations with Barclays, HSBC, RBS, Santander and others are imminent, iwoca says.
ABN Amro gets payment innovation infrastructure with ACI Worldwide
The bank hopes to achieve cost savings by migrating to a more cost-efficient IT platform.
First Bank takes it to WhatsApp with Clickatell
Customers will be able to bank through the chat app.
Monzo closes £85m round as it plans more crowfunding
In its quest for a £1.5bn valuation.
ANZ and Moneythor partner for “financial wellness” venture
ANZ will implement Moneythor’s digital banking toolkit.
Utkarsh Small Finance Bank in paytech overhaul with ACI Worldwide
Utkarsh Small Finance Bank is live with the latest version of ACI Worldwide’s UP Retail Payments solution.
Banking Technology Awards 2018: shortlist announced!
Winners will be unveiled on 13 December in London!
Commercial Bank of Ethiopia debuts ACI’s retail payments solution
Aiming to push the cashless economy in the country.
IndusInd Bank combines credit and debit in one card
IndusInd Bank Duo Card is the first of its kind in India.
Metro Bank personalises advice with Insights
Metro Bank’s new money management tool was developed with Personetics.
IMS 2018 Lisbon: bank digitisation and reading the client
How do retail banks stay relevant to their customers’ changing demands and priorities?
Top fintech stories this week – 12 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
New Aussie neobank Up is alive and kicking
Promising “never-seen-before” features.
Aussie challenger Volt taps into PayPal’s customer base
Partnership allows PayPal’s customers to share login with Volt.
Westpac stays mobile to check cheque’s death march
“Cheques are often considered a thing of the past.”
Argentine Banco Galicia opens up Starbucks bank branch
Following Santander’s coffee + banking branch opening in Chile.
Czech bank Moneta to acquire Home Credit for €767m
Will get its hands on consumer finance provider and retail challenger bank.
New Development Bank goes live with TCS Bancs for Treasury
Picked for its range of asset classes and cloud-based systems.
The ID Co in good mood with NoMo Money app launch
An app with a “healthy dose of personality”.
Challenger bank N26 begins beta launch in UK
The Germanic one revealed its plans back in November 2017.
Daon inks deal with South Africa’s Capitec Bank
Bank will use Daon’s IdentityX platform to develop new authentication solutions.
UK regulators approve CYBG’s takeover of Virgin Money
The CYBG brands will disappear as the new entity will unite under the Virgin Money name.
Case study: Home Credit – to its credit
Life is good at the heart of Europe.
Emirates NBD to launch chat banking via WhatsApp
Bank says it is first in region to integrate its core systems with WhatsApp.
Unite trade union can’t stop RBS branch closures in Scotland
Only two branches survive the stay of execution.
FCA fines Tesco Bank £16.4m for failures in 2016 cyberattack
Regulator cites deficiencies in debit card design and lack of care.
ANZ New Zealand launches Google Pay
goMoney Wallet to be phased out.
More downtime for UK’s TSB, HSBC and Barclays
Mobile and internet banking seems to be the issue this time.
Australia’s big banks slammed for greed and dishonesty
Royal Commission roasts them in its interim report.
Cameroon’s Afriland First Bank upgrades to Temenos T24 core system
T24 will replace Sopra Banking Software’s Amplitude system.
Openbank launches investment robo-advisor
Santander’s digital banking subsidiary in Spain stays busy.
Criminals scam UK finance industry out of £500m
UK Finance reveals facts, figures and fears.
Bitwala raises €4m to build blockchain bank account
Earlybird and Coparion as investors.
Nummo closes $1.9m funding and sets up Advisory Council
The PFM firm aims to expand its offering.
ING Bank in Romania closes physical cash desks
ATMs will be the only choice to withdraw and deposit cash by the end of October.
Australian Military Bank powers digital transformation with Infosys Finacle on cloud
AMB and Infosys implement SaaS model digital banking suite in ten months.
