FCA: Innovative fintech entrants putting some customers at risk
The UK’s Financial Conduct Authority (FCA) has published a document detailed with “areas of concern” in the financial services sector, including how…
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Financial Technology – Page 43
Financial technology news from TechAnnouncer: payments, digital banking, lending, wealthtech, insurtech, regtech and embedded finance. We track fintech launches, funding rounds, partnerships, acquisitions and regulation across global markets, and explain what each development means for the industry.
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Pay.UK processes £7.4 trillion worth of transactions in 2019
Pay.UK, the independent payment operator for Bacs, Faster Payments and Cheque & Credit Clearing, has announced it processed a record £7.4 trillion…
Moneybarn hit with £32.8m bill for not helping indebted customers
Moneybarn, the car finance company which helps those ignored by mainstream lenders, has been forced to pay nearly £33 million in fines…
Pakistani challenger Sadapay preps 2020 launch
Pakistani mobile wallet Sadapay, founded by US entrepreneur Brandon Timinsky, is gearing up for launch in its home country. Sadapay aims to…
GCC Capital AB picks BearingPoint for EBA reporting requirements
Regulatory technology vendor BearingPoint has signed a deal with Swedish consumer credit and lending firm GCC Capital AB. GCC Capital will use…
National Bank of Yemen goes live on ICSFS core system
National Bank of Yemen (NBY) has gone live on the ICS Banks Universal Banking platform from ICSFS. The deal was delayed by…
Santander hires head of P2P payments
Banco Santander has appointed Trish Burgess as the new global head of peer-to-peer (P2P) payments. In this newly created role, Burgess will…
Standard Chartered sets up Singapore-based venture with Assembly Payments
Standard Chartered and Westpac-backed Australian fintech Assembly Payments are joining forces to set up a new Singapore-based venture which will take Assembly’s…
RBS changes name to NatWest and appoints new Bó CEO
After being known as the Royal Bank of Scotland (RBS) Group for 300 years, the bank has announced it will change its…
Video: Top fintech stories this week – 14 January 2020
The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe. This week we cover: Klarna buys Italian paytech…
Decentralised versus centralised finance: Impacting a global market
We currently find ourselves at the dawn of a new era: decentralisation. And from global civic and business leaders to everyday individuals,…
DBS evacuates 300 employees after one catches coronavirus
Singapore’s biggest bank DBS has had to evacuate around 300 employees after it found one of them had fallen ill with the…
Diebold Nixdorf to manage Belgian banks’ combined ATM network
A joint venture comprising Belgian banks Argenta, AXA Bank, Crelan, and vdk bank, has charged Diebold Nixdorf with the task of end-to-end…
Saffron Building Society selects Burrow mortgage application tech
Customer onboarding software provider Burrow, part of the DRP group, has been selected by Saffron Building Society for the launch of a…
Swedbank partners SIA and TietoEVRY for RT1 payments
Swedbank has selected payment services and infrastructure firm SIA to route instant payments through the EBA Clearing’s RT1 system. Swedbank is connected…
Wells Fargo cuts 700 jobs, overhauls exec suite and invests $5m in crypto start-up
Wells Fargo has announced it’s getting rid of 700 jobs in the Philippines, and introducing several new executives to give the bank’s…
Moven and STC Pay plan challenger bank in Saudi Arabia
Digital wallet STC Pay, the financial arm of the Saudi Telecom Company, is set to launch a new challenger bank in Saudi…
FinovateEurope: Danske Bank’s UK chief digital officer doesn’t like chatbots
Danske Bank’s UK chief digital officer (CDO) Søren Rode Jain Andreasen is yet to find a chatbot he actually likes. Andreasen says…
Hampshire Trust Bank taps Ping Identity to improve customer experience
Hampshire Trust Bank (HTB) has partnered with Ping Identity to improve its monitoring, optimisation and alerting protocols. The new tech will aid…
Gulf Bank signs up to Instimatch network
Kuwait-based Gulf Bank has signed up as a client of network firm Instimatch Global, marking the latter’s first foray into the country.…