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British Business Bank pledges £400m to UK fintechs and other businesses
More money for UK fintechs The UK Chancellor Philip Hammond has announced a plan to invest £400 million of venture capital funds into the British Business Bank, a government vehicle to lend money to...
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National Bank of Malawi opts for NetGuardians system to prevent fraud
New client for NetGuardians in Malawi National Bank of Malawi is implementing the FraudGuardian platform from Swiss specialist vendor NetGuardians. The new solution will “protect customers’ data and...
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Fintech funding round-up: 24 November 2016
Good ideas can bring good money Let’s put the fun in funding by keeping it mercifully brief. A round-up of some key events. Tel Aviv-based payments start-up PayKey has raised $6 million in Series A...
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Wolters Kluwer wins system selection at Bank of Jordan
New customer for Wolters Kluwer in Jordan Risk management software vendor Wolters Kluwer says its OneSumX system won Bank of Jordan’s tender. OneSumX will support the bank’s liquidity risk and asset...
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Macif Group in major IT overhaul with NeoXam
This project is macif! Macif Group is revamping its investment administration and accounting tech, and has selected NeoXam to assist with the project. It will help implement the new software and will...
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More banks to opt out of R3 blockchain consortium
Should I stay or should I go US Bancorp, Macquarie and JP Morgan are understood to be in the “leave” camp as they have opted out of the upcoming fundraising effort of the R3 blockchain consortium....
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Bank of Baroda calls on fintech start-ups to help solve payment challenge
Bank of Baroda keen to work with fintech start-ups India’s second largest bank, Bank of Baroda, is calling on fintech start-ups to solve the challenge of paying blue-collar workers. Akhil Handa,...
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Standard Chartered to shed corporate and institutional banking jobs
Standard Chartered on a major cost- and job-cutting spree Standard Chartered is set to cut about a tenth of its global corporate and institutional banking headcount, according to Reuters. The job cuts...
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Avaloq in talks with private equity firms?
Avaloq is rumoured to be talking to private equity (PE) firms, according to a Swiss online news outlet, finews.com. Suitors reportedly include New York-based KKR. Avaloq is one of the very few large...
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Fintech funding round-up: 29 November 2016
We’ve summed up the latest funding efforts and results in the fintech space – so you don’t have to! Poland-based blockchain start-up Billon Group has closed $2 million fundraising from its UK investor...
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Calypso deploys collateral management system at AIMco; partners with R3 for...
Calypso joins the blockchain rush Treasury and capital markets (TCM) vendor Calypso Technology has implemented its collateral management system at Alberta Investment Management Corporation (AIMco). The...
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Fix8 Market Tech to provide global market connectivity to Saxo Bank
Saxo Bank goes lightweight vs heavy-handed Saxo Bank has opted for Fix8 Market Tech’s Fix8Pro solution as part of its new market connectivity engine. The bank’s CTO, Michel Andre, explains the choice:...
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Deutsche Bundesbank and Deutsche Börse unveil blockchain prototype
Blockchain in Germany Germany’s central bank Deutsche Bundesbank and Deutsche Börse have unveiled a functional prototype for the blockchain technology-based settlement of securities. It is, however,...
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It’s a no to collective bank bargaining on Apple Pay, says Australia’s...
To Apple Pay or not to Apple Pay, that is the question Australian Competition and Consumer Commission (ACCC), the country’s antitrust regulator, is likely to deny four domestic banks permission to...
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ING cans Twyp mobile payments app in the Netherlands, but keeps it going in...
Image source: Twyp ING is pulling a plug on its peer-to-peer (P2P) mobile payments app, Twyp, in the Netherlands due to the lack of customer uptake. However, the app will continue to function in Spain....
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Cognizant to acquire digital agency Mirabeau
Have you tried marketing jargon bingo yet? Amsterdam-based digital marketing and customer experience agency Mirabeau and its 260 staff will join Cognizant’s digital business once the acquisition is...
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Sweden to launch fintech hub
Stockholm to get its own fintech hub in 2017 Stockholm Fintech Hub – an independent not-for-profit innovation hub – will open its doors in Q1 2017. Its aim is to promote and accelerate the development...
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Virgin Money extends card processing agreement with TSYS
Virgin Money in card processing deal with TSYS Virgin Money has signed a long-term deal with TSYS for debit card processing in the UK. The bank is already using the payments vendor’s TS2 solution for...
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Sofgen assists Bank of Singapore with integration of Barclays’ wealth business
Singapore Bank of Singapore has completed the acquisition of the wealth and investment management business of Barclays in Hong Kong and Singapore. The combined entity has more than $75 billion of...
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Infosys Finacle underpins Goldman Sachs’ new lending business, Marcus
Marcus runs on Finacle Marcus, a newly launched online lending platform of Goldman Sachs, is running on Infosys’ Finacle core software. As Banking Technology exclusively reported earlier this year,...
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