Swift appoints Max Mamondez as chief financial officer
Mamondez, who joins from the London Stock Exchange Group, will serve on Swift’s executive committee.
Partnerships
The Maries County Bank taps Jack Henry for digital transformation
Through the partnership, the bank aims to automate processes and boost efficiency and customer service.
The innovation failure
Understanding why innovation fails helps us innovate in a way to minimise the risk of failure.
Banking Technology Magazine November 2022 issue out now
Cover story: TAKING THE LEAD – Women are inspiring fintech teams.
Ashman selects nCino to power its real estate lending solution
The UK challenger will deploy nCino’s cloud-based Bank Operating System.
CloudPay secures $50m to support development of payroll offering
The firm boasts “high double-digit growth” year-on-year and is projecting revenue growth of around 40% for 2022.
Financial super-app Curve partners Salt Edge for open banking compliance
The partnership will enable the app’s 4m users across Europe to continue to make the most of open banking.
US challenger Zenus picks Finxact to power its “global banking platform”
Finxact will join Microsoft and HSO, a business network and cloud consultancy, in delivering the platform.
Danish investment bank Saxo taps Baffle for global data encryption solution
The bank will integrate Baffle’s Data Protection Services platform.
Africa’s Cellulant partners Mastercard for online e-commerce payments
Cellulant’s customers can now pay online wherever Mastercard is accepted via the Tingg wallet.
SMB lender Kapitus taps Mambu for its cloud banking platform
The firm will leverage Mambu’s low-code lending engine to power new financing products.
Open API maturity is slowing due to a lack of industry standardisation
Common business standards are required to enable interoperability of APIs across the financial services sector.
Diebold Nixdorf partners Featurespace for real-time fraud prevention tech
Diebold Nixdorf will integrate Featurespace’s ARIC Risk Hub into its Vynamic Payments platform.
Wells Fargo partners Google Cloud for AI virtual assistant, Fargo
Fargo will leverage Google Cloud’s conversational AI platform Dialogflow to offer personalised banking tips.
Delta National Bank & Trust taps Finastra for digital banking infrastructure upgrade
The firm will utilise Finastra’s Fusion Essence and Fusion Payments To Go solutions.
UBS strengthens cloud partnership with Microsoft
The bank intends to host more than 50% of its applications on Microsoft Azure.
FinTech Futures: Top five stories of the week – 21 October 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Santander partners VC firm Forgepoint for new cybersecurity investment company
The bank is expecting to invest up to €300m in the strategic partnership.
HSBC taps Oracle to power digital transformation
HSBC will upgrade and migrate select database systems to Oracle’s Exadata Cloud@Customer platform.
Capital on Tap secures £100m credit facility to support SMEs
The facility will be used to build out a central finance hub for small business owners in the UK and US.
Crowdz to integrate open banking-powered payments with GoCardless partnership
Crowdz will implement three GoCardless open banking-powered payment features across four markets.
Shoreline Credit Union partners VizyPay for small business payment services
Shoreline Credit Union will refer its commercial members to VizyPay for specialised payments solutions.
Mastercard to enable banks to offer crypto trading services with new solution
Named Crypto Source, the new offering is being developed in partnership with Paxos.
Video: NatWest at Sibos 2022 – The open banking revolution
We speak with Dan Globerson of NatWest about the bank’s open banking strategy.
Video: ING at Sibos 2022 – Interoperability in trade finance
We chat with Lynn Ng of ING about whether cross-platform interoperability in trade finance is possible.
Belize Bank extends core banking partnership with Finastra
The bank has migrated the operations of Scotiabank (Belize) onto Finastra’s Fusion Essence platform.
Video: BAFT at Sibos 2022 – Collaboration between banks and fintechs
We chat with Tod Burwell of BAFT about how collaboration between banks and fintechs is driving innovation.
Video: NatWest at Sibos 2022 – Sustainability and achieving net-zero targets
We chat with NatWest’s Solange Chamberlain about sustainability in banking and achieving net-zero targets.
Google Cloud set to accept crypto payments via Coinbase
The partnership, which had been in the works for “many months”, has four parts to it.
Sibos 2022: Achieving net-zero across an FI’s value chain
A number of associations are being spun up to support FIs to address the complexity around decarbonisation.
Sibos 2022: Dynamic duos – giving humans superpowers through AI
When machine learning and human learning come together, that’s when finance sees the greatest benefits.
Sibos 2022: A problem defined is a problem solved – untangling ESG data
With a range of taxonomies, sources and utilities, ESG data is still some way from being standardised.
Video: BIAN at Sibos 2022 – Driving coreless banking
We speak with BIAN’s Hans Tesselaar about the future of coreless banking.
Sibos 2022: Is paperless trade within our grasp?
Digital trade finance has the potential to transform how we do business across borders.
Sibos 2022: How HSBC wants to power the Web3 economy
“We want to be the ecosystem platform provider to power up the Web3 economy,” says HSBC’s Catherine Zhou.
Video: iGTB at Sibos 2022 – The consumerisation of commercial banking
We speak with Uppili Srinivasan of iGTB about how the firm is helping banks meet customer demands.
HSBC turns to Trade Ledger for digital receivables finance capability
HSBC’s approval process for new receivables finance (RF) customers went from two months to two days.
Video: Lloyds Bank at Sibos 2022 – Tackling trade finance challenges
We speak with Lloyds Bank’s Merisa Lee Gimpel about the challenges facing trade finance.
Google and Santander team to simplify cloud journey for enterprises
Dual Run is built on top of the technology developed in-house by Santander.
Sibos 2022: Breaking new ground – banking in the metaverse
“If you’re going to be in the metaverse, it starts with a purpose,” Accenture’s Michael Abbott explains.
