July 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
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News, intelligence and resources on the global fintech industry including all things banking.
FinTech Futures: Top five news stories of the week – 26 July 2024
Our pick of the top fintech news stories this week includes Revolut, UniCredit, Modulr and more.
The relevance of incumbent cores
As the rate of change accelerates, banks must prioritise adaptability and innovation.
Revolut secures UK banking licence with restrictions, enters mobilisation stage
Revolut has been in pursuit of a UK banking licence since 2021, when it first lodged its application with the PRA.
Morgan Stanley buys stake in UK business payments start-up Sokin
Sokin says the deal will “accelerate its product growth plans and further global expansion”.
Oat lattes and principles
Diverse workforces are more resilient and perform better against every conceivable metric.
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Fourteen banks and building societies are set to implement the new cash access system.
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
The bank will utilise Network International’s platform for debit, credit and prepaid card hosting and processing.
Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities
Zafin’s tech will provide a “consistent view of product, billing and invoicing information across all channels”.
What the FinTech? | S.5 Episode 12 | The emerging technologies driving innovation in payments
In this podcast episode, we chat with George Maddaloni, CTO of Operations at payments giant Mastercard.
The UK risks throwing away its fintech crown as open banking ambition stalls
The cost of allowing fintech to languish in limbo is simply too high.
Bank of Clarke partners with Greenlight for family money management solution
Bank of Clarke becomes the first Virginia community bank to offer Greenlight’s service.
Egypt’s MNT-Halan raises $157.5 million, plots regional expansion
The international expansion will be aided by both M&As and partnerships.
UK paytech RC365 acquires Money Lenders Licence to provide digital lending services in Hong Kong
RC365 purchased the licence from private investment and advisory firm HC Capital Group for HK 230,000.
BBVA and Telefónica Tech team for cybersecurity push, launch dedicated centre in Mexico
BBVA says its goal is to be “prepared to respond to all types of attacks”.
US Federal Reserve fines digital bank Green Dot $44 million over “unfair and deceptive practices”
Green Dot has been anticipating the arrival of the consent order since February.
Video: Nationwide at Money20/20 Europe – AI and multi-cloud architectures
Nationwide’s Otto Benz discusses the intriguing intersection between multi-cloud architectures and AI.
FinTech Futures: Top five news stories of the week – 19 July 2024
Our pick of the top fintech news stories this week includes HSBC, Stripe, the FCA and more.
The ENTJ that never was
When it comes to team building exercises, the intention is not enough. The execution is what matters.
Lloyds Banking Group terminates five-year agreement with invoice financing fintech Satago
The agreement was initially announced in March 2022 with Lloyds also investing £5 million into the fintech.
HSBC concludes search for new Group CEO with Georges Elhedery appointment
The appointment follows Noel Quinn’s announcement in April that he was stepping down after five years as CEO.
Jordan Kuwait Bank partners Mastercard and FOO to launch multicurrency prepaid wallet offering
EliWallet will enable customers in Jordan to “transfer money swiftly across borders”, JKB says.
Starling Bank founder Anne Boden reportedly steps down from board to focus on new AI venture
Boden had been a non-executive director on the bank’s board since stepping down as CEO last year.
BNP Paribas partners Ant International to enhance cross-border payment solutions in Europe
The pair will also work to “explore innovations in tokenised deposits for global treasury management”.
Covering the exposed: The effects of the FCA’s PEP review on financial compliance
The FCA is set to publish its review of the treatment of politically exposed persons (PEPs) this month.
US regulators fine Citigroup $136m for “insufficient progress” towards compliance with 2020 consent order
The OCC and the Federal Reserve Board have fined Citigroup $75 million and $60.6 million, respectively.
Blockchain-powered clearing and settlement fintech Partior raises more than $60m in Series B funding
Partior was founded as a joint venture between JP Morgan, DBS Bank and Temasek in 2021.
Banking Technology Magazine July / August 2024 issue out now
Cover story: MONEY TALKS – Cash still playing an important role in society.
FinTech Futures: Top five news stories of the week – 12 July 2024
Our pick of the top fintech news stories this week includes Envestnet, Dosh, Innovate Finance and more.
If it’s legacy, fix it now
Every bank must at least be investigating the art of the possible with new technology for core banking.
Your boss can’t hear you
The reality is your CEO is mostly talking to risk and finance. And arguably, that is as it should be.
Dosh seeks licence to become a bank in New Zealand
Dosh is aiming to become New Zealand’s “first locally-owned, digital-only bank”.
Avidia Bank to adopt Personetics’ AI-powered engagement engine through new Q2 Digital Banking Platform
The bank will integrate Personetics’ AI engagement engine into the Q2 platform.
What the FinTech? | S.5 Episode 11 | Banking Tech Awards 25th anniversary special with Monument
In this podcast episode, we chat with Sudip Dasgupta, CTO at Monument Bank and Banking Tech Awards judge.
Azqore selects Volante Technologies’ PaaS tech for SEPA instant payments
Azqore previously selected Volante to accelerate its ISO 20022 adoption programme in 2022.
UAE’s Mashreq Bank appoints Tushar Vikram as new India head
Vikram previously served as Citibank India’s head of commercial banking for over nine years.
First Federal Bank of Kansas selects Jack Henry for core processing solution
FFBKC aims to leverage Jack Henry’s tech to extend its services to SMBs.
Thailand’s SCB taps Sunline for core banking upgrade
SCB says the partnership will enhance its financial transaction processing performance for deposits and loans.
ABA head says Australia’s CDR regime “isn’t delivering for customers or enhancing competition”
ABA CEO Anna Bligh says the CDR initiative has “not realised its potential”.
Shock absorbers: how to prepare effectively for external volatility
How can organisations protect themselves from external shocks that nobody can predict?
