PeoplesBank opts for Nymbus onboarding and marketing tech
Nymbus to underpin West Massachusetts’ largest community bank.
North America
Visa invests in data security start-up VGS to boost fintech innovation
The size of the investment has not been revealed.
When it comes to supporting the underbanked, the best solution might be a little old school
Community banks and the underbanked need one another.
Fundbox hires “Swiss army knife” CFO signalling IPO
CFO Marten Abrahamsen is a former investment banker.
Ping An Technology builds innovation lab with Intel to boost cloud tech
The lab will also “supercharge” Ping An’s AI-based services.
US challenger Unifimoney signs integration deal with UMB Bank
US challenger inks deal with UMB for account infrastructure.
Tradeshift raises $240m in bid to become profitable
CEO Christian Lanng confirmed Tradeshift is not planning a 2020 IPO.
Raisin acquires Choice FS as first step into US deposits market
Raisin’s CEO Paul Knodel calls Choice FS “a perfect fit” for its US mission.
Union Bank picks FIS to underpin digital transformation
MUFG-owned bank the first user of new FIS platform.
Goldman Sachs quietly releases Marcus app three years after launch
The app was designed to be Goldman Sachs’ eventual main mobile face.
Finxact appoints former Trump Treasury counsellor to board of directors
Core banking firm hires industry veteran.
Payments industry underestimates Facebook Pay at its own peril
Tony Craddock, director general of the EPA tells FinTech Futures his views on the tech giant.
Regtech: the new lifeblood of compliance
It changes the current compliance game for the better.
WisdomTree takes lead in $17.65m Securrency investment
It plans to pursue the integration of blockchain technology into the ETF ecosystem.
Visa to buy fintech start-up Plaid for $5.3bn
The deal doubles the fintech’s valuation from just over a year ago.
US and UK regulators take lead on AML fines for 2019
37 of the 58 fines were handed out by American and British regulators.
BNY Mellon Markets appoints Paresh Shah as global COO for FX
He joins BNY from HSBC, where he held the role of COO Americas for FX.
Samsung and Syniverse develop wallet-agnostic payments platform
Your phone number is your easiest payment method, says Samsung and Syniverse.
Three ways fintech can address the gender pay gap
Define inclusion and diversity as two very different things.
Video: Top fintech stories this week – 11 January 2020
FinTech Future’s weekly news round-up.
Covered Bond Bank migrates international branches to Avaloq Banking Suite
New York, Singapore, and Shanghai all switch to Avaloq system.
Canada’s major banks impersonated in two-year phishing campaign
The impersonators harvested customers’ online banking logins.
ATB Financial’s Holbrook steps down as chief transformation officer
He had been at the Canadian firm for nine years.
Fiserv wins two new deals with Wisconsin credit unions Landmark and Verve
Fiserv now powers half of all $1bn credit unions in Wisconsin for core account processing.
Central Bank of the Bahamas pilots digital Sand Dollar
Central bank says digital currency will help solve financial inclusion.
Texan fintech HighRadius raises $125m and hits unicorn status
Customers include Nike, Burger King and Sony.
Metro Bank raids FCA for new risk director
Jose Morago says he’s “excited” to get back to the finance industry.
Mitigating network outages in the financial services sector
How poor service levels from IT vendors are reflected in network outages and how to fix it.
Financing fintech Sezzle blocked from making loans in California
The Minnesota fintech deemed to be making “unregulated loans”.
The California Consumer Privacy Act kicks in
And it doesn’t look like anyone, even the state of California itself, is totally ready.
ICBA welcomes Charles Potts as the new chief innovation officer
Potts’ extensive financial services experience spans more than 25 years.
JP Morgan vows to ban fintech apps from using customer passwords
It’s working towards issuing tokens that send third parties a narrow range of data in a secure form.
HSBC plans new restructure with France and USA in firing line
The global bank is aiming to cut costs and weed out loss-making divisions.
Mastercard reveals acquisition of AI-based risk firm RiskRecon
The deal with RiskRecon is expected to close in Q1 2020.
A market course correction will rein in overblown valuations in 2020
Recent disappointing IPO stories are sending investors back to the drawing board.
Our top women in fintech and banking 2019 short list
A short-list of rising stars and household names in banking and fintech.
Top 10 challenger banks by valuation and funding
It’s been a record year for fundraising across the challenger bank space.
Top 7 banking outages in second half of 2019
Banking outages have hit headlines thick and fast this year.
Next year looks bright for community banking
Credit unions and community banks raise their game in 2020.
How would Boris Johnson’s 2% digital tax affect UK fintech?
The tax will target big social media platforms, search engines and online marketplaces.
