Blackstone buys $1.1bn of US credit card debt from Barclays
Barclays says it will use the proceeds of the sale to fund an extension of its US lending activities.
Banking
FinovateEurope 2024: Tech demos, AI and tokenisation dominate day one
Industry innovators and thought leaders gathered in London on Tuesday for the opening day of FinovateEurope.
BNY Mellon names Gary Delaney as new international CISO
Delaney will report to Matthew McCormack, who leads the bank’s Information Security Division.
Lithuania’s Šiaulių Bankas taps Temenos for core banking upgrade
Šiaulių Bankas aims to leverage Temenos’ tech to double its number of clients to one million by 2029.
(Fin)tech for good?
The ‘tech for good’ movement has the potential to effect real and positive global technological change.
Money20/20 Asia unveils stellar lineup: over 120 speakers and industry experts confirmed
Money20/20 Asia 2024 will be held at the Queen Sirikit National Convention Center in Bangkok, Thailand.
UK challenger GB Bank appoints Mark Sismey-Durrant as new chair
Sismey-Durrant replaces Mike Kirsopp, who has left the company to return to an executive career.
Quaint Oak Bank taps Finzly to modernise payments infrastructure
Quaint Oak aims to realise its modernisation ambitions by leveraging Finzly’s Payment Galaxy platform.
Viva Republica’s Toss Bank announces Rhee Eun-mi as first female CEO
Rhee Eun-mi joins from DGB Daegu Bank, where she has been serving as CFO and managing director.
Diamond Trust Bank Uganda partners TerraPay to enhance cross-border transfer processes
TerraPay says the union will enable the bank to “facilitate direct account deposits from any part of the world”.
Vencora acquires Crealogix to bolster banking tech portfolio
Vencora now owns 99.07% of Crealogix’s issued share capital and voting rights.
Returning to the fundamentals: BaaS as mission-critical financial infrastructure
BaaS has become a critical element in the digital transformation of global financial services.
CAB Payments CEO to step down, former Vanquis Banking Group CFO Neeraj Kapur set to take over
Bhairav Trivedi is stepping down as CEO of CAB Payments after three years in the role.
Report: The state of AI in banking, featuring research from Forrester
Learn about the experiences thus far in AI integrations and glean insights for future decision-making.
Vietnam International Bank taps AWS and Temenos for cloud core banking upgrade
VIB will be the first Vietnamese bank to deploy the Temenos R23 core banking system on a cloud platform.
South Korea’s FSC announces two new initiatives to expand open banking
The two new initiatives will bring changes to how open banking data is used in the country.
Bank Danamon partners Helicap to bring growth capital to Indonesia’s financially underserved
The duo are hoping to create a “one-stop solution” for non-dilutive growth capital.
Danske Bank appoints two new execs to lead technology and data strategy
Swift’s Richard Davis joins as CTO, while Christoffer Kanstrup has been promoted to chief data officer.
Security Bank selects Avaloq to digitise wealth management business
The bank will leverage the Avaloq Core platform and its Relationship Manager Workplace solution.
FinTech Futures: Top five news stories of the week – 23 February 2024
Our pick of the top fintech news stories this week includes Capital One, Toast, Xalts and more.
Africa and Gulf Bank partners Orion Innovation for Temenos core banking upgrade
The bank has opted to leverage Temenos Transact and Temenos Infinity for its digital upgrade.
Lithuania: A David slaying Goliath in the fintech arena
Lithuania is making its presence known in Europe’s burgeoning fintech scene.
Abu Dhabi Islamic Bank digitises cross-border services with ProgressSoft
The UAE-based bank has integrated the vendor’s PS-PayHub platform.
Case study: Italy’s Credem Banca migrates to ASEE Security Cloud
Learn how Italy’s major banking group Credem migrated all its clients to the ASEE Security Cloud.
Commerce Bank taps Temenos for loan origination solution
Commerce claims Temenos will enable a “five minutes or less” end-to-end loan origination process.
Help that helps
Asking for help is a superpower. It’s brave to ask for help. And it’s a braver thing still to accept it.
Demystify Podcast: Modelling climate change risk with Lukky Ahmed of Climate X
In this latest podcast episode, Dharmesh and Dave talk with Lukky Ahmed, co-founder and CEO of Climate X.
Capital One acquires Discover Financial Services in $35bn deal
The transaction brings together two of the largest card issuers in the US.
Germany’s BaFin warns Deutsche Bank of potential fines if it doesn’t improve money laundering controls
BaFin has extended its monitoring of Deutsche Bank until 30 October 2024.
AI wars: a new hope or the phantom menace?
A deep dive into the practical uses of AI through the lens of the FCA’s Consumer Duty.
Mexican neobank Hey Banco’s split from Banregio due for 2025
The move, announced in 2020, was expedited by Hey Banco’s banking licence authorisation last July.
Canada’s EQ Bank taps Trulioo for ID verification solution
EQ Bank to leverage Trulioo’s “customised onboarding experiences” to stay ahead of industry practices.
Luzerner Kantonalbank selects Finmechanics tech for markets business overhaul
The Swiss bank is to replace its legacy system for position and risk management with FM Converge.
Awards win for SmartStream: leading innovation in reconciliation (and more)
Combining the heritage of delivering trusted reconciliation solutions with being genuinely agile.
How the EU AI Act could transform financial services
Regulators are attempting to deliver first-of-its-kind regulation to bring AI into a more desirable scope.
ICYMI fintech funding round-up: Fordefi, Mia Share, Kema, Coba and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 16 February 2024
Our pick of the top fintech news stories this week includes Monese, Virgin Money, Bank of America and more.
Sopra Banking Software names ex-Fiserv exec Andrew Steadman as new CPO
The new CPO will head the French fintech’s SaaS product and innovation strategy.
India’s Bandhan Bank goes live with Oracle’s Flexcube core banking tech
The bank has also implemented Oracle’s Banking Digital Experience and Oracle Payments solutions, among others.
It’s boring to say, but boredom is important
Studies suggest that boredom can serve as a catalyst for creativity under the right conditions.
