Trio digital brokerage to launch in US by ex-N26 employee
The everyday account will be linked to ETF returns.
North America
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
Video: Top fintech stories this week – 31 January 2020
FinTech Futures’ weekly news round-up.
IBM makes major changes to executive leadership
New CEO Arvind Krishna will take the helm.
JP Morgan plans to cut hundreds of jobs across consumer division
It will notify the impacted staff on 6 February.
US paytech BandPay set to help musicians get paid
Funds aren’t released until both musicians and producers deliver on a project.
How SalaryFits is connecting banks with the unbanked
FinTech Futures speaks to its CEO Délber Lage about its platform and future plans.
The end of technology…
It’s time to drop the words “digital” and “tech”.
US neobank Rellevate picks Technisys for core tech
The challenger will offer payday advances by selling its service through employers.
Desjardins signs multi-year contract with AI fintech Exagens
The 25-person fintech will continue to power the bank’s ‘Assistant AccèsD’.
How FIS developed its “evergreen” core banking system
FinTech Futures speaks to Andrew Beatty of FIS about its new platform.
Bank-backed blockchain trade platform Contour launches in Singapore
Contour is built on R3’s Corda platform.
API builder Teller raises $4m to challenge Plaid
Teller’s co-founder: “I fear for the future of Plaid’s product”
The future of trade finance
We speak to Mastercard, NatWest and Marco Polo senior executives about their partnership.
EXCLUSIVE: Woodforest National to Implement Finxact on Microsoft Azure
Furthermore, US-based Finxact has also made its first core banking system sale abroad – in Thailand.
Rise of the machines: AI and machine learning in financial services
FinTech Futures launches its first industry report for 2020. Download it today!
How Canadian start-up Cinchy is transforming data for banks
Exclusive interview with Cinchy’s CEO. “Think of it as the end of fragmentation.”
Goldman won’t take companies public without at least one “diverse” board member
GS itself has four women on its board of directors, out of 11 total members.
The rise of investment apps
There’s an appetite to save and invest despite low interest rates across Europe, Australia and the US.
Neocova gains $9.5m backing from community banks for AI-led tech
Vendor finds investment from six community banks.
Fintech’s diversity performance last year and predictions for 2020
A digital approach to inclusion training can help fintechs with smaller budgets.
Catalyst Fund raises $15m from JP Morgan and UK Aid for emerging market fintechs
Thirty fintech start-ups from South Africa, Kenya, Nigeria, India and Mexico will get funding.
Part two: Who is best positioned to provide marketplace banking?
Three strategies for standing out in a market: cost leadership, differentiation, and focus.
Video: Top fintech stories this week – 24 January 2020
FinTech Future’s weekly news round-up.
Payments security: A year in review
Majority of the largest breaches to be reported in 2019 were caused by poor security protocols.
Former Wells Fargo CEO barred from banking industry, fined $17.5m
Seven other former Wells Fargo executives were reprimanded by the OCC.
BMO to acquire Clearpool
The transaction is subject to receipt of required regulatory approvals & conditions.
What the “decade of the data breach” can teach us
Organisations can simply no longer trust that an online user is who they claim to be.
Digital broker Stake releases UK beta app ahead of February launch
The app plans to expand across Europe “in the coming months”.
Minnesota’s Sentry Bank selects CSI NuPoint
St. Cloud bank goes with CSI to power core processing and digital.
Vodafone leaves Facebook’s Libra to focus on M-Pesa
M-Pesa is the telco’s digital payment service.
Amazon set to turn hands into cards with Visa
The bigtech is reportedly in talks with Mastercard, JP Morgan Chase and Wells Fargo.
HAB Bank implements Jack Henry’s commercial lending platform
New York-based community bank wants to boost its commercial ops.
Goldman cuts personal lending after launching Apple card
Its partnership with Apple has taken some of the momentum away from Marcus.
Central banks in Europe, Japan and Canada assess potential digital currencies
Central banks in Canada, the UK, Japan, Switzerland, and Sweden are teaming up.
Canada’s RBC files patents for AI inventions as bigtechs soar
Ten AI patent applications were submitted by RBC across 2019.
Equifax’s 2017 data breach will cost firm at least $1.38bn
$380.5m is for breach compensation, and $1 bn for information security overhaul.
The future of regtech is data-driven: How to stay ahead of the curve
There are no shortage of challenges that will need to be addressed through innovation.
Video: Top fintech stories this week – 17 January 2020
FinTech Future’s weekly news round-up.
‘Crypto Dad’ promotes blockchain-based USD with Accenture in new think tank
Giancarlo wants to “catalyze a digital, tokenised US currency”.
