New regtech FrankieFinancial signs up Xinja and Novatti
Aims to solve $4 billion legacy systems overhead problem.
Retail Banking
Santander Spain plans a large jobs cut
Around 10% of its total workforce in Spain.
ClickSwitch simplifies recurring payments with $13m funding
The Series B was led by Commerce Ventures and Point72 Ventures.
Nationwide, Investec and Co-op Bank share £80 million BCR grant pool
All three commit to modernise and improve business banking for SMEs.
Video: fintech news weekly round-up – 13 May 2019
This week, blockchain and crypto by big names like Facebook and Microsoft, among other news!
Two new next-gen banks to open in the US
Piermont Bank and Nexos National Bank.
Why retail banks should not be afraid of collaboration, even with tech giants
Collaboration for incumbents is the only way to catch up with the market and become truly consumer-centric.
New Medici Bank to harness technology to “reawaken” innovative spirit
A descendant of the Medici family sees future in Puerto Rico.
Royal Banks of Missouri adopts POPi/o video banking
Community bank is an early adopter of collaborative video banking.
Pacific National to launch digital bank on Nymbus Banking-as-a-Service platform SmartLaunch
The bank hopes to be able to launch within 90 days.
CBANC acquires Lendwell
Terms of the transaction were not disclosed.
Klarna brings its alt payment options to retail shops
Bringing pay later to consumers in stores.
Top fintech stories this week – 3 May 2019
May issue is out!
Indio Technologies brings digital to insurance with $20m funding
The company has raised over $30 million in total.
RBC adds budgeting tool to mobile app
It tracks and budgets expenses in five areas.
Meed Banking Club launches in the US with member exclusives
Leveraging banking services at Vast Bank, which itself is going through a major tech revamp.
Regions Bank taps IBM for AI-driven customer service
IBM’s Watson can help both employees and customers.
TD Bank moves to Microsoft Azure cloud
The bank has also implemented Office 365 for employees.
Standard Chartered gets customer experience revamp with Avaya
The bank will implement the Avaya OneCloud Private solution.
Figure Eight acquired by Appen
Terms of the deal were not disclosed.
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.
Canadian challenger Mogo merges with Difference Capital
It will give Mogo access to Difference’s technology company portfolio.
Standard Chartered fined $1.1bn for bad AML and sanctions breach
Both US and UK regulators have imposed large penalties.
Varo Money gets NICE AML tech
AML and KYC for all mobile needs.
Envel bank launches “driverless” money management tech
Personal finance, taken to the next level.
Zions modernises with D3’s digital banking tech
The bank aims to reduce complexities in the back office.
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.
Address the FinovateSpring audience by taking part in FinTech Futures supplement
Deliver a strong message to the fintech community!
Canada Life moves to UK with Temenos’ tech support
The Multifonds Global Accounting platform will consolidate investment assets.
FCA seeks to address mortgage switch difficulties
To free mortgage prisoners from bad loan assessment processes.
Amount to power TD Bank’s digital lending platform
The first in a series of collaborative initiatives.
Bank of the West shifts to hosted for Systematics core
The bank is a long-standing user of the mainframe-based core system.
Top fintech stories this week – 22 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
