BANKS

ALL BANKS NEWS

New challenger Klear appears in India

With Klear, based in Bengaluru, a new potential challenger bank has emerged in India. Klear didn’t get much further than launching its website Fintech seems …

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Sopra Steria plans to acquire Fidor Solutions

Sopra Steria has announced that it will take over Fidor Solutions, the software subsidiary of Fidor Bank. Sopra expects to complete the acquisition of Fidor …

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Australia’s largest exchange has suffered its worst failure in more than a decade

The Australian Stock Exchange (ASX) went down for investors earlier this week. Monday’s closure was the longest in well over a decade for the country’s …

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Digital banking platforms – the new core

While analysts like Gartner and Forrester have been discussing digital banking platforms (DBP) for a number of years, a Google search doesn’t provide many answers. …

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Monzo replaces Lisa Nowell, Chief Risk Officer

Lisa Nowell, Monzo’s Chief Risk Officer (CRO), left the challenger in the role for just over a year. She has joined London-based lender Ashman Finance …

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Former UniCredit managers launch Aidexa to serve Italian SMEs

Italian challenger Aidexa wants to support what is seen as underserved entrepreneurs and small businesses. Italian small businesses create 78% of the country’s jobs The …

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Neobank Mercury wants to serve the US start-up scene

Mercury, a challenger bank based in San Francisco, aims to become a go-to place for startups in the United States. Mercury has raised $ 26 …

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Japan’s SMBC is investing $ 30 million in OakNorth

Sumitomo Mitsui Banking Corporation (SMBC) has invested $ 30 million in OakNorth and provided the provider’s credit intelligence software. According to Khosla, co-founder of OakNorth, …

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Opportunity cost for cynics

Unless you’re in a specific industry or offer specific services, there isn’t an industry-wide, generic option that hasn’t existed before Since the COVID hit, I …

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The growth springboard for your bank

A lot has changed. And no, we’re not just referring to the pandemic. This goes back to much earlier, when the subprime crisis hit banks …

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Neobank Alex, founded by Suncorp Exec, brings in A $ 10 million

Up-and-coming Australian neobank Alex, founded by former Suncorp executives, raised A $ 10.3 million ($ 7.5 million) in an equity fundraising round. Bene was renamed …

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The Australian central bank announces CBDC project with ConsenSys

The Australian Central Bank has partnered with the Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), investment group Perpetual and blockchain company ConsenSys. Together, …

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FinTech Wales appoints IBM veterinarian Sarah Williams-Gardener as CEO

FinTech Wales has named Starling Bank founding member and IBM veteran Sarah Williams-Gardener as its first CEO. Williams-Gardener spent 17 years at IBM Williams-Gardener will …

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Pinnacle Bank selects Teslar software for commercial lending

Nebraska-based Pinnacle Bank has selected Teslar Software to run its commercial loan portfolio. Pinnacle Bank is part of a $ 14.5 billion holding company According …

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What about fintech? Episode 15 | Authentication station

The latest episode of the What about fintech? The podcast shows Tudor Goicea, Chief Revenue Officer (CRO) of the PayTech Award-winning company TypingDNA. We discuss …

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Egypt’s AAIB finally goes live with Temenos after five years

Arab African International Bank (AAIB), an Egyptian bank with more than $ 11.5 billion in assets, put Temenos Transact into permanent use five years after …

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ASX is delaying the exchange of CHESS until April 2023

The Australian Stock Exchange (ASX) has pushed back the replacement of its electronic clearing house sub-register system (CHESS) until April 2023. The CHESS replacement has …

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FCA joins cross-border fintech testing initiative

The UK’s Financial Conduct Authority (FCA) has announced its participation in a global cross-border testing initiative. GFIN has members on five continents At the center …

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UBS launches fintech investment portfolio UBS Next with USD 200 million to burn

The Swiss multinational investment bank UBS has launched a fintech investment portfolio worth US $ 200 million. UBS Next targets “Fintech and the broader tech …

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Jamaica National Bank announces a full launch in the UK

Jamaica National Bank (JN Bank) was founded in the UK as a subsidiary of its Caribbean parent company. Ian Marshall, Chairman of JN Bank UK, …

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Report: Three Key Strategies for Customer Experience Success

FinTech futures has published its latest in-depth industry report on the changing face of the customer experience. The customer experience has become critical for financial …

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The US challenger Bella is planning the start around conversational banking

Conversational banking has a new challenger of its own at Bella, a US-based company that promises “compelling AI messaging technology”. Bella CEO and Founder Angelo …

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Sustainable banking app Novus launches website and waiting list

London-based digital bank Novus is in the process of launching its sustainable lifestyle application. Novus wants to help users live sustainably The company calls its …

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The new US challenger Flyp targets excluded communities

The new US challenger bank Flyp will start shortly with the aim of improving financial literacy. Flyp CEO BJ McAndrews spent 17 years at Wells …

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Calastone was taken over by the US private equity firm Carlyle Group

The US private equity company The Carlyle Group Global is acquiring the Calastone fund and settlement network. According to Hammerson, CEO of Calastone, the company …

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Capital requirements can hinder innovation, says Panel

UK banks are grappling with capital requirements imposed by regulators following the 2008 financial crisis, while also juggling the volatility of COVID-19. These requirements need …

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A Banker Goes into Banking, Volume 7: Why Can’t We Be Friends?

Oh HSBC … why can’t we just be friends? A few weeks ago I received a call from my “new customer advisor” for my HSBC …

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HSBC could start charging for “basic banking services”.

HSBC has announced that it will charge “basic banking” fees in some countries after quarterly earnings fell 35%. BBC The bank was reportedly considering charging …

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Yolt launches Mastercard debit card through PPS partnership

The European payment processor PPS works with the money management app Yolt and underpins the fintech’s plans to bring a physical card to market. Yolt …

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According to Allica CPO, incumbents and fintechs are still neglecting some SMEs

Allica Bank, a London-based challenger bank for small and medium-sized enterprises (SMEs), has discovered a niche in the market amid the economic plight of the …

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Bravura Solutions to acquire Delta Financial Systems worth £ 23 million

Australian fintech Bravura Solutions has taken over UK-based Delta Financial Systems worth £ 23 million. The deal extends its reach in the UK, according to …

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The Swiss investment challenger FlowBank chooses Temenos Transact

The Swiss-based digital investment bank FlowBank has selected Temenos and its Transact system to conduct its core businesses. FlowBank aims to appeal to new and …

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Former Barclays executives set up Pennyworth challenger bank for Britain’s “rising prosperity”

Two former Barclays executives co-founded a UK challenger bank, Pennyworth. It is aimed at the country’s “emerging, wealthy” young professionals and middle managers who are …

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The imperatives behind BFS

Digital technologies have changed traditional ways of doing business, and the story is no different for the BFSI sector. This has been further accelerated by …

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Webinar: Accelerating Growth and Building Resilience in Corporate Banking – Benefits of Moving to Open APIs

Recent events have accelerated the adoption of innovative solutions by banks in corporate banking. Since the COVID-19 outbreak, nearly three in four (72%) banks have …

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Tear down walls

This year has been devastating for black people around the world. From Office of National Statistics numbers that blacks are more than four times more …

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Video: This Week’s Top Fintech Stories – Oct 9, 2020

The FinTech futures weekly summary of the most important stories and developments in the industry from around the world. This week we cover: The British …

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Sibos 2020: Citi’s CEO urges banks to ensure social justice

In an inequality world, banks should think of equity in terms of social justice, not just in terms of their balance sheets. This goes from …

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Bank of America works with black-owned Unity Bank

Unity National Bank of Houston (Unity) – the only black-owned bank in Texas – has entered into a new partnership with Bank of America (BoA). …

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Rabobank outsources official reporting with BearingPoint

The Dutch cooperative Rabobank has outsourced its regulatory reporting process through an agreement with BearingPoint. Rabobank reported a profit of € 227 million in its …

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Capitec Bank chooses the HPS PowerCard for the launch of new products

South Africa-based Capitec Bank has selected payment system provider HPS and its PowerCard solution to modernize back office processes. Capitec Bank is striving to revise …

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Use the opportunities of new digital customers

As customers switched to digital alternatives in the course of 2020, the banks had to react. A flexible approach is needed to ensure that new …

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Sibos 2020: The chairman of BNP Paribas says COVID-19 is “not a banking crisis”.

The COVID-19 pandemic is not a financial crisis due to the action and response of banks, regulators and underlying infrastructure operators. Jean Lemierre spoke at …

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Mastercard and Ethoca offer more transparency in digital banking applications

Mastercard and Ethoca are working with merchants and financial institutions to include logos in digital banking applications. The more companies turn to digital payments and …

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Banks must provide SME customers with more than one repackaged retail account

Banks have traditionally failed to serve customers in the small and medium-sized business (SMB) segment because banks improperly offer repackaged retail products. “When you step …

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Citi invests in market software company Genesis Global Technology

Citi has made a strategic investment in low-code financial markets software company Genesis Global Technology. Citi created a proof of concept using the Genesis platform …

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UK Finance appoints David Postings as new CEO

UK Finance announced the appointment of David Postings as its new Chief Executive Officer (CEO). Postings will take up his position in January 2021 His …

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The young black lives in banking

Wall Street executives are trying to convince the world that they are fighting everyday racism in the workplace amid protests in the United States following …

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Jordan Ahli Bank goes live on Temenos Infinity

Jordan Ahli Bank has put Temenos’ Infinity system into operation to cover their digital and mobile banking business. The bank is already using Temenos Transact …

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Temenos appoints the former SAS EPP as the new European President

Temenos has appointed SAS veteran David Macdonald as the new President for Europe. David Macdonald, new Temenos President for Europe Macdonald is moving from North …

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Competitive concerns regarding fintech acquisitions

The uncertainty in the UK economy as a result of the coronavirus is motivating a number of smaller fintechs to withdraw money and sell it …

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