FinTech Futures: Top five stories of the week – 27 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Capital One
Capital One lays off 1,100 tech staff
Impacted employees have reportedly been invited to apply for other positions at the firm.
Is customer experience at the centre of your digital transformation strategy?
To compete with fintechs, it’s best for banks to start with the customer experience and work backward.
Citi picks Capital One’s Naveed Anwar for digital head of TTS
The Capital One man is an industry veteran of 20 years across PayPal, eBay and AOL.
Capital One acquires SME travel fintech Lola
Lola announced a cessation of operations last month.
Capital One’s “wilful” AML failures land the bank a $290m penalty
Some $16 billion in reportable transactions passed through the bank’s platform.
2020 review: 10 largest regulatory fines this year
The fines kept flowing even in a year as turbulent as 2020.
Capital One takes swipe against “risky” BNPL firms
“These kinds of transactions can be risky for customers and the banks that serve them.”
Capital One fined $80m for 2019 data breach
US firm pays the price for hack that exposed data of 106m customers.
Lucy Hagues steps in as Capital One UK CEO
Hagues takes over from Amy Lenander, who heads stateside.
Turn to commercial banks for treasury management innovation
Commercial banks are taking up a starring role.
Capital One reveals huge data breach by hacker
More than 100 million customers’ details were compromised in the incident.
Zelle Makes Presence Known in P2P Arena
The recent performance of Zelle Network, the P2P payments platform with the funny name, is no laughing matter for competing P2P providers. Early Warning Services, a provider of real-time payments, authentication and risk mitigation services, announced April 17 that its Zelle Network processed more than 170 million P2P payments in 2016, totaling $55 billion in transaction value.
.@FISGlobal reportedly axes 2,600 #jobs amid ongoing strategic review Around 2% of its #workforce – as part of new… twitter.com/i/web/status/1…
#FinTech Futures: #Top five stories of the week – 3 February 2023 Here’s our pick of f#ive of the top #newsstories… twitter.com/i/web/status/1…
[email protected] migrates its investment #banking platform to the cloud with @awscloud #Spanish banking giant #BBVA has tapp… twitter.com/i/web/status/1…
Case study: @Credit_Agricole Bank Polska S.A. and @efigence – mobile banking app When an out-of-the-box design dri… twitter.com/i/web/status/1…
More #banking hubs and pods earmarked for #UK as branch #closures continue A further nine banking hubs and six dep… twitter.com/i/web/status/1…
GXS Bank names Muthukrishnan Ramaswami as group #CEO Singapore-based challenger #GXSBank has appointed #banking ve… twitter.com/i/web/status/1…
The #PayTechAwards are back! Submit your #nomination to be part of the global #recognition of #excellence and… twitter.com/i/web/status/1…
#Banking on #youth: How can #banks and #fintechs maximise the opportunity around junior accounts? Read more here👉… twitter.com/i/web/status/1…