Amex admits to data breach from employee trying to commit fraud
Card numbers and social security numbers were compromised.
North America
Pendleton Community Bank signs Teslar Software for automation
West Virginian bank needed new tech following merger.
Federal Reserve signs off on Volcker Rule simplification
“Volcker 2.0” to go live in January 2020.
Swift to expand its gpi into securities and FX transactions
Swift predicts the world too will take this holistic approach to gpi.
Vista Equity Partners mulls Finastra sale
Private equity firm could jettison 50% of tech firm
AI: Understanding bias and opportunities in financial services
In this two-part series, Nadia Sood explores the issues with AI constructs.
Ripple inks blockchain partnership with Finastra
Finastra brings blockchain to its payments solutions.
Standard Chartered Bank tackles reporting restrictions with BearingPoint
The new solution covers more than 130 jurisdictions.
Fintech lender StreetShares partners with America’s rural Farm Bureau Bank
The lendtech gives SMEs a decision in minutes and funding within 24 hours.
Decentralised vs centralised exchanges: a comparative analysis
Crypto is not about rolling the dice but it’s about making tough decisions.
ACS19: Bank execs need cybersecurity safe space
90% of breaches at firms are still attributed to employees clicking on phishing emails.
PayExpo 2019: Monzo COO not so sure it needed to be a bank for its success
His reasons boil down to expensive, slow and heavy hoops since its licence.
Takeaways from FinovateFall 2019: shiny objects vs problem solvers
Bankers and tech experts share their views on the recent Finovate event in NY.
Wallets – the flexible way for banks to maintain competitive advantage
Mobile wallets for payments and loyalty provide the perfect weapon for banks seeking to fight off competition.
UK fintech Kantox partners with Citi Bank for FX solution
Kantox will deliver a “customised solution” for the bank’s FX clients.
FSB investigating the regulatory potential of stablecoins
Emerging scale could pose challenges, says FSB chair
CoinCorner CEO: Mark Cuban “naÏve and short sighted” about bitcoin
Cuban says he prefers bananas to Bitcoin.
National Bank of Canada goes live with Murex’s MX.3 Risk and Regulatory Suite
Bank aims to meet future FRTB obligations.
HSBC plans 10,000 job cuts in fresh cost-saving exercise
Global bank plans to cull high-paid roles.
FinovateFall 2019: AI, ML, robotics and digital first
Three exciting days in New York witnessing the latest and greatest from over 70 fintechs.
Facebook’s Libra creating a shadow banking system, say US banks
US banks reckon Libra poses a threat to national monetary policy.
The challenges for banks and fintechs when building a partnership
Chris Ward, author at Mapa research, dissects the changing definition of ‘partnerships’ in fintech.
Video: Top fintech stories this week – 04 October 2019
FinTech Future’s weekly news round-up.
Samsung gears up digital wallet with debit card and cross-border payments
‘Samsung Pay Cash’ and ‘Money Transfer’ are just the beginning.
nCino announces $80m funding round led by T. Rowe Price
The cloud developer has raised $213m since 2012
FDIC’s McWilliams: Core banking vendors must evolve
Top regulator says that collaboration is the future for all in the industry
Finra slaps UBS with $2m fine for short position failures
Self-regulatory body calls out the bank’s repeated failures.
Banking Technology October 2019 issue out now
Lessons from Africa.
Seattle Bank chooses Finastra for its core banking
Finastra will also help with analytics, digital banking and card payments.
Revolut’s losses double to £33m as it gears up to hire staff, expand reach
The fintech’s losses have gone from £14.8m to £32.8m in one year.
International regulators investigating tech firms’ cloud dominance
Financial Stability Board casts a wary glance at cloud giants
Finastra launches apps built with FIs on FusionFabric cloud platform
Allied Payment Network and Monotto launch on Finastra marketplace.
Millennials more likely to report fraud than older generations, finds FTC
People aged 20-30 happier to report scams than those over 40.
Fintech Dave hits $1bn valuation after two years
Dave has four million users on its financial management app.
Funding the revolution: the dawn of digital banking
Traditional banking giants are feeling the squeeze.
Rapyd secures $100m in funding to bolster “fintech-as-a-service”
Oak HC/FT, Tiger Global, Stripe and more get involved in funding round.
Atloona Bank partners with CSI in the face of cybersecurity risks and tighter regulations
CSI will become the bank’s new managed services provider.
DUCA Financial Services Credit Union picks Fiserv DNA as new core system
Celero will be providing implementation support.
Regulators could delay Facebook’s Libra launch, says executive
Libra’s MD says regulators must be “fully onboard” first.
Will Smith and Kevin Durant part of $20m investment in Mercury
The bank launched in April this year.
