BANKS

ALL BANKS NEWS

Video: Remote Onboarding – How Banks Are Evolving And Changing The Game

It’s pretty clear that COVID-19 has hit most banks and financial institutions flat. In the past few months, financial institutions have struggled to digitize their …

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How to optimize your digital account opening process

If 2020 taught the banking industry anything, it was about the rising demand for digital solutions, a demand accelerated by the COVID-19 pandemic. After all, …

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Nymbus expands the management team with new employees

The US core banking provider Nymbus has expanded its management team with the appointment of new Chief Product and Chief Alliance Officers. Sarah Howell joins …

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Rabobank in Brazil on the overhaul of the banking technology with Oracle

Rabobank in Brazil is carrying out a major technical overhaul with Oracle Oracle Financial Services Software (Oracle FSS) has signed a major contract with its …

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First Horizon Bank chooses the cloud-based core from Finxact

Tennessee-based First Horizon Bank has selected Finxact to provide core banking services to its subsidiary brand, VirtualBank. First Horizon is testing the Finxact solution The …

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Reinvention: The Lessons Banks Can Learn From Bowie and Madonna

When we think of a reinvention in popular culture, we find it hard not to think of Bowie and Madonna. We’re four decades in the …

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Santander’s profits fell 35%, but Botín is betting on vaccine for 2021

Santander, which suffered its first loss in its 163-year history in the second quarter of 2020, posted a pre-tax profit of 35% to € 9.6 …

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Mastercard gains market share in Great Britain with NatWest Debit Deal

According to a new agreement with the issuing giant, NatWest is converting all of its debit cards to Mastercard. NatWest converts 16 million debit cards …

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Synchronize signs deal with Railsbank to operate premium accounts

Smart Banking App Sync. has signed a contract with Railsbank for the power supply of its systems with their Banking-as-a-Service platform (BaaS). Syncing hopes for …

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SumUp takes over the Lithuanian core banking company Paysolut

The payment company SumUp has taken over a long-term partner, the Lithuanian core bank provider, Paysolut. SumUp has acquired a number of companies since 2018 …

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Fintech Funding Summary: UiPath, Narmi, Balance, GajiGesa, and More

The financing rounds were tight and fast last week Last week there were a number of fintech funding rounds from around the world. We have …

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Société Générale is working with Azqore to revise private banking in Europe

Société Générale has signed a contract with wealth management firm Azqore to renew a handful of its private banking locations in Europe. The Azqore rollout …

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Raiffeisen Bank buys Equa Bank from the Czech consumer lender

Raiffeisen Bank International (RBI) has agreed to fully acquire Equa Bank of the Czech Republic, which focuses on consumer credit, for an undisclosed price. The …

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Video: This Week’s Top Fintech Stories – Jan 22, 2021

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

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Spectrum Equity invests $ 51 million in OTC company Quantile Technologies

Quantile Technologies, a UK-based portfolio optimization company, has received $ 51 million in investments from Spectrum Equity. The injection marks the first published quantile funding …

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Santander hires HSBC’s Rakshit Kapoor as its new chief data officer

Santander has appointed Rakshit Kapoor as the new Chief Data Officer and Head of Data Transformation in Europe. Rakshit Kapoor is coming to Santander in …

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The five Ps of banking

Since the birth of formal banking, banks have relied on the “five Ps” – people, physical money, premises, processes and paper. Customers couldn’t bank without …

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HSBC closes 82 branches as personal banking continues to decline

HSBC has announced the closure of 82 branches in the UK between April and September this year. The program began almost a year after the …

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One thing in itself

What about tears that aren’t about life outside the office walls, but about life inside them? Tears need gravity. Did you even know I did …

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What about fintech? | P.2 episode 1 | Innovation in Commercial Lending

Happy New Year! Welcome to a brand new season of the What about fintech? Podcast. Dean Snyder, Executive Vice President and Head of Business Solutions …

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NAB signs contract for SME payments with Eedenbull

National Australia Bank (NAB) has signed a five-year contract with Eedenbull for digital payments. The NAB issues its own cards with the Eedenbull platform As …

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Minna Technologies raises EUR 15.5 million in the Series B financing round.

Total funding from Minna exceeded EUR 23 million Minna Technologies, a Sweden-based provider of subscription management software for banks, raised EUR 15.5 million ($ 18.9 …

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The end-to-end benefits of cloud-first transformation

The cloud has become a technology of choice for many in the financial services industry, but it can affect more than just the back office. …

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ADQ’s unnamed Neobank appoints new CEO of Emirates NBD

The investment firm ADQ has found a CEO for their planned Neobank in former Emirates NBD man Jayesh Patel. Patel spent nine years with Emirates …

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Konsentus acquires the Open Banking Europe initiative from the EBA Clearing subsidiary

The open banking company Konsentus has taken over Open Banking Europe, a cooperation initiative that aims to increase acceptance among banks. Europe has 320 accredited …

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Lessons from The Boring Company

In a recent interview with Elon Musk, his core message to aspiring entrepreneurs was simple: “Focus on creating a fantastic product, selling it for more …

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US banks will have to lose the “legacy anchor” in order to meet customer needs in 2021

The banking industry in the United States is experiencing a fundamental shift, triggered by changes that have been in the works for some time. US …

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Temenos shakes up the leadership team with changes at the top

The Swiss core banking provider Temenos has announced a restructuring of its leadership team, with no fewer than four changes at the top. Max Chuard, …

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CME Group and IHS Markit set up post-trade joint venture

The market data companies CME Group and IHS Markit have signed a joint venture that brings together their post-trade services. IHS already made some big …

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Goldman selects Marqeta to drive the introduction of the Marcus checking account

Goldman Sachs has signed a contract with card issuing company Marqeta, in which the latter underpins the bank’s Marcus checking accounts. Marcus plans to open …

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Chris Brummer as CFTC Chairman when Tarbert resigns

Heath Tarbert, Chairman of the Commodity Futures Trading Commission (CFTC), has resigned from office. The news comes as US President Joe Biden selects his lead …

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Independent Broker-Dealers: Hold representatives and build on partnerships between funds and families

Having watched the tug-of-war between brokers and fund families over the past 25 years, I can rightly say that the winners in the battle to …

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Review of 2020: 10 biggest fines this year

Guard dogs around the world haven’t let up in 2020 despite the turbulent nature of the year. As every year, banks were made aware of …

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10x Future Technologies sees $ 100 million in Series C round

UK-based banking technology provider 10x Future Technologies is planning a $ 100 million fundraiser for the next year. The funds will be used to further …

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Barbados to implement real-time banking

Banking institutions in Barbados will be able to conduct business in real time until November next year. Ryan Straughn, Secretary of the Treasury, announced this …

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Review 2020: 10 biggest job cuts at banks this year

This year has not been a good bottom line for financial services companies. Unfortunately, it is often employees who feel the brunt of these changes …

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Denmark joins Eurosystem’s Target2 payment platform

The Danish Central Bank has applied to join the European Central Bank (ECB )’s Target2 payment system, the Eurosystem’s new real-time gross settlement system (RTGS). …

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The FCA is making material changes following review by LCF and Connaught

The Financial Conduct Authority (FCA) will make material changes after the independent reviews of its regulation by London Capital & Finance (LCF) and Connaught Income …

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Banks and Bad Actors: The Race for Digital Customization

The pandemic is known to have been a catalyst for digital transformation, forcing companies to reassess their business. With fraud up 40% this year in …

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Review 2020: Top 10 Fintech and Bank M&A Deals 3. Intesa Sanpaolo is offering 4.9 billion euros for rival UBI 4. Intuit just before the $ 7 billion purchase of Credit Karma 6. American Express acquires Kabbage supported by SoftBank 7. CaixaBank and Bankia confirm merger to become Spain’s largest lender 8. Stripe acquires the Nigerian start-up Paystack for USD 200 million 9. Nexi seals the merger with SIA worth EUR 15 billion and buys Nets a month later

The fintech sector saw a decline in mergers and acquisitions (M&A) in the second quarter of 2020. The COVID-19 pandemic took its toll on businesses, …

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2020 in review: Top Core Banking Stories

Sometimes it can feel like the slightest hiccup could set a core business or implementation back months. The banks had to deal with remote implementations …

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Modernization through Legacy Technology: Driving the Next Wave of Fintech Innovations

The financial services industry relies on enormous amounts of data, incredibly strict security and dazzling processing speeds to provide their extensive service suite. How else …

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Review 2020: The five most important cyberattacks this year

2020 was a tumultuous year and as the coronavirus hit the headlines, some cybersecurity stories surfaced the web. The COVID-19 pandemic has not stopped cyber …

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The combination of vulnerabilities led to massive data breaches at Desjardins

A data breach at Desjardins, a Canadian financial services cooperative, was caused by a number of gaps in administrative and technological security measures, according to …

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2020 – A shock to the banking industry system

At a time of intense industry disruption, it seems like the banking industry has been trying to innovate five years in one year. 2020 will …

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EXCLUSIVE: Neobank First Boulevard launches next year to target Black America

First Boulevard – formerly known as Tenth Bank – is a Kansas-based digital bank for black Americans scheduled to launch early next year. The CEO …

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The FCA fined Barclays £ 26 million for mistreating customers in financial difficulty

The Financial Conduct Authority (FCA) has fined Barclays Bank and Clydesdale Financial Services Limited (Barclays) £ 26 million. The bank received the fine for its …

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What about fintech? Episode 18 | Annual review

Ruby Hinchliffe accompanies us on this special edition of theWhat about fintech? “ Podcast in which we pass on our industry highlights from 2020. Instead …

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Paytech company Ondot was acquired by US banking technology giant Fiserv

Ondot acquired from Fiserv The US banking and payment technology heavyweight Fiserv has signed a definitive agreement to acquire Ondot Systems, a ten-year-old payment company. …

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The Central State Bank goes live on Fusionasta’s core from Finastra

Central State Bank, which serves the Iowa City-Cedar Rapids Corridor and northeast Iowa, has upgraded its Finastra core to the latest Fusion Phoenix offering. “With …

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China’s central bank provides the Ant Group with the ultimatum after a blocked IPO

The Peoples’ Bank of China (PBOC) has urged the Ant Group to overhaul its business, accusing it of ignoring regulatory issues in its practices. Chinese …

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