Video: Top fintech stories this week – 19 June 2020
FinTech Futures’ weekly news round-up.
Banking
COVID-19: will fintechs crash, survive or get bought?
What can fintech firms do to ride out the storm?
Community Financial Credit Union picks Orpheus from Access Softek
Michigan-based credit union extends seven-year deal with tech firm.
CFTC fines Deutsche Bank $10m for swaps failure & trade spoofing
Banking giant caught out by US regulator.
Santander gets US challenger bank Upgrade to unicorn status
The San Francisco-based challenger has landed a $40 million Series D.
Credit Sesame acquires Canadian challenger Stack for international expansion
The US loans company is absorbing all Stack employees.
Friends in low places
If you want something done in a bank you don’t need friends in high places. You need friends in low places.
Five steps that will change reconciliation forever
What does the future of reconciliation look like?
Report: Ten trends in reshaping banking in 2020
Business model, agile organisation, ubiquitous automation, technology modernisation, and culture and workforce transformation.
RBC-backed start-up Mydoh launches banking offering for kids
The app and smart card launched more than two weeks ago.
IBM returns to M&A market with cloud acquisition
The acquisition is IBM’s first since its $34bn buyout of Red Hat in 2018.
SAFE Federal Credit Union goes live on Symitar core
The $1.1bn credit union completed two-year migration.
Chase Bank signs mobile banking deal with Sensibill
The fintech to provide receipts management in Chase’s banking app.
Canadian and Taiwanese regulators sign fintech sandbox agreement
The regulators will build a “referral mechanism” between their fintech sandboxes.
Bank of America goes live on securities platform from Wematch and Pirum Systems
The combined system made its first transaction on 10 June.
Reaping the real benefits of data sharing
Data sharing enables banks to more effectively serve customers across the lifecycle.
Video: Top fintech stories this week – 12 June 2020
FinTech Futures’ weekly news round-up.
Chargeback raises $6.6m in Series A funding
The round was led by Fintop Capital and Next Frontier Capital.
Two credit unions go live on Corelation KeyStone
Corelation gains a pair of go-lives in Hawaii and Pennsylvania.
Banking Technology June 2020 issue out now
Real-time payments and fraud: balancing customer relationships and security.
Tell it cos it’s a good story
Why do all these dreamers and makers and poets work in banking transformation?
Video: Coforge – harnessing emerging tech and deep domain expertise in financial services
Digital services, intelligent automation, data & analytics, cloud & infrastructure – engage with the emerging!
Bank of America’s Merrill revamps client management workstation
The old system has been in place since the early 2000s.
Managing compliance in an age of innovation
Dell Technologies and World Wide Technology discuss the technology challenges facing FIs.
Documentation firm H4 snags $27m in funding from Goldman, JP Morgan, Barclays
H4 claims that documentation in capital markets is ripe for change.
US digital banking rules could change as OCC calls for input
But the regulator is not considering a national bank charter for fintechs.
Mambu partners with VeriTran to create digital banking solutions in LatAm
The deal means that VeriTran’s front-end will integrate with Mambu’s SaaS cloud banking platform.
Video: Top fintech stories this week – 05 June 2020
FinTech Futures’ weekly news round-up.
Banking Tech Awards 2020 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Omega Federal Credit Union deploys Episys on the cloud with MDT
Pennsylvania credit union looks for flexibility with new system.
Varo raises $241m Series D with new investor Gallatin Point Capital
To date, the fintech has raised $419.4 million.
On getting a job, but finding love. Every bloody time.
I don’t know how to not care.
Nubank soars ahead with 25m customers
In Q1 of 2020, Nubank acquired 42,000 users each day.
Tink lands second strategic investment from PayPal
As part of the deal Tink will cover all countries in EEA for PayPal.
Goldman Sachs says crypto is “not a suitable investment” on invite-only call
Bitcoin reclaimed its $10,000 territory on Monday.
Appway raises $37 million in equity funding from Summit Partners
Lifecycle management firm secures first external capital raise.
What steps should merchants take to comply with SCA on time?
Merchants need to make sure they have implemented support for EMV 3DS.
ComCard aims to challenge US corporate banking with rewards-based card
The Los Angeles-based challenger aims to “simplify” financial management.
Financial text message platform Stackin’ lands $12.6m
The fintech says it has more than one million subscribers in just one year.
Mambu snaps up MD for North America arm from Finastra
Johanna Pugh spent four years at core banking provider Finastra.
