UK government overreliance on old tech is a wake-up call to finance
A recent report shows the UK government spends £2.3 billion a year patching up old systems.
Banking
Cartoon: Model Behaviour
This new cartoon illustrates the need for evolution at neobanks.
Case study: Meeting CU members where they are with virtual branches
How Unitus CU achieved a higher satisfaction rating for its “virtual branch” than any physical branch experience.
Google pulls Plex after less than a year in development
Aborted banking project reflects change of financial services strategy at Google.
Fraud prevention platform Alloy hits unicorn status with $100m investment
Investment will go towards building out an evolving customer identity profile offering.
Monzo withdraws US licence application after two years of negotiation
UK challenger bank to refocus its business after aborted US entry.
What the Fintech? | S.2 Episode 19 | Can’t see the wood for the VCs
Level Ventures’ Ian Foley joins us for this latest episode of our What the Fintech? podcast.
Banking platform Arzus launches in US to provide all-in-one service
Arzus aims to create a single dashboard for users’ financial lives.
Have you made these five transformational tweaks to your self-service channel strategy?
A modern ATM fleet equipped with innovative new features and cash recycling technology is essential.
Banking Technology October 2021 issue out now
Cover story: multi-tusking – how do you eat an elephant?
ICYMI funding round-up: Yellow Card, QisstPay, Vyne, Tomorrow & more
Plenty of funding rounds in the double digits in this week’s ICYMI roundup.
JP Morgan’s new UK bank Chase picks 10x for core banking operations
10x Future Technologies is a “foundational partner” for the new digital bank.
FNBM selects new core banking solution in Finastra’s Fusion Phoenix
Fusion Phoenix is key to the bank’s strategy to attract younger customers.
What’s the meta with banking?
With the concept of metaverses gaining traction this year, what opportunities are there for banks?
I bet you say that to all the girls
There should be parity in the workplace. But we are a long, long way from it.
New FinTech Futures Report: Mortgages – the final digital frontier
We’ve launched our latest report, including an in-depth industry survey.
Bahrain’s Bank ABC taps Fenergo for client management solution
Bank ABC operates across the Middle East, North Africa, Europe, the Americas and Asia.
The Banking Tech Awards are coming to the USA!
The nomination deadline is 18 February 2022 with the winners announced in June.
Wells Fargo pays $37.3m to settle US foreign exchange lawsuit
The lawsuit was brought against the bank by the Department of Justice.
The future of finance: technology or people?
Technology is only as good as the people who create, implement, and work alongside it.
Marcus chairman Harit Talwar set to retire in October
Talwar leaves his role after six years and the launch of his consumer project.
Mandatory VRP: a win for open banking, but it’s only the first step
The CMA’s ruling making VRP mandatory for sweeping is a huge milestone for open banking.
Dear Luc: How do I get a slice of the BNPL pie?
This week someone asks: I want to add BNPL to my service, what do I need to consider?
Fintech funding deals globally 20 September – 26 September 2021
Featuring Sorare, MarketFinance, Dapper Labs, Airwallex and TrueLayer.
Financial document processing platform Ocrolus secures $80m Series C round
New York-based start-up says the new funding takes its valuation “north of $500 million”.
Video: fintech news pick of the week – Goldman Sachs, Chase, Oracle & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
The path to personalisation
The path to personalisation in banking is apparent. But like every journey, it needs those first steps to be taken.
What you sell when you’re not selling
It’s when you’re not selling that your true colours as an organisation shine through.
Thought Machine wins major core banking deal with JP Morgan Chase
UK-based core banking vendor continues US expansion.
Open banking’s unstoppable momentum
Regulation directives continue to push the financial industry towards a more open model.
Fintech funding deals globally 13 September – 19 September 2021
Featuring BitSight, Melio, SellersFunding, Form3 and Xendit.
Goldman Sachs acquires BNPL firm GreenSky in $2.2bn deal
US bank aims to furnish its Marcus app with new capabilities.
JP Morgan to launch UK digital bank Chase this week
The digital bank forms part of JP Morgan’s planned international consumer expansion.
Sberbank deputy chair: “We’re the number one target for hackers around the globe”
Fintech Futures speaks with Sberbank’s Stanislav Kuznetsov about the importance of cybersecurity.
ICYMI funding round-up: TomoCredit, Lightyear, X-Margin, Coinfirm & more
More funding deals you may have missed during a busy week of news.
Elizabeth Warren calls on Fed to break up Wells Fargo
Senator cites the bank’s “longstanding ungovernable behaviour”.
Shortlist announced for Banking Tech Awards 2021
Congratulations to all of this year’s finalists.
Back to the future for banks
Now is the best time for banks to plan and explore the future before the wave of change hits.
White paper: Five key qualities of a successful AML compliance programme
An effective AML compliance programme will protect your company from regulatory fines and prosecution.
Santander’s PagoNxt acquires majority stake in Mexican technology firm MIT
PagoNxt plans to bolster the development of its payments service Getnet.
