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Top fintech stories this week – 2 March 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place! Hong Kong’s fintech scene gets budget boost Financial services and fintech sectors get handy boost of $63.9m over...
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Barclays France in wealth management tech revamp
Barclays France in tech modernisation EXCLUSIVE: Swiss private banking tech specialist ERI is believed to have landed a deal with AnaCap Financial Partners, a UK-based private equity firm, to implement...
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Silkbank completes core banking tech upgrade
Silkbank in Pakistan has completed an upgrade of its core banking system, Temenos’ T24. The bank, which has been using the system for nearly a decade, is now running on R16. The project was carried out...
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Wealth Wizards keen to “revolutionise” UK’s advice sector
Wealth Wizards keen to “revolutionise” UK’s advice sector UK-based fintech Wealth Wizards has launched Turo, a new artificial intelligence (AI) solution that, according to the firm, “will provide...
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Banpro launches Finn.ai’s first Spanish-speaking virtual banking assistant
Fancy a chat? Nicaragua’s largest bank, Banpro, has recruited a Canada-based banking tech firm, Finn.ai, to provide it with a virtual banking assistant. The result is Finn.ai’s first Spanish-speaking...
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New clients in the Netherlands and Malaysia for Wolters Kluwer
New regtech deals for Wolters Kluwer Risk management and regtech vendor Wolters Kluwer has signed tech deals with ABN Amro in the Netherlands and SME Development Bank in Malaysia. The ABN Amro project...
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Orange Bank turns to IBM Watson for virtual advisor tech
Hello Djingo Orange Bank says it is brining “unique customer experience” with its new virtual advisor, Djingo, powered by IBM Watson. It also claims to be the first mobile bank in France with a...
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Banque du Caire in core banking tech revamp with Temenos T24
Temenos gains new core banking tech client in Egypt Banque du Caire, a state-owned bank in Egypt with 2.7 million clients, is replacing its legacy tech with a suite of front-to-back solutions from...
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Lanco FCU live with new core banking system, Symitar’s Episys
MDT onboards new core banking tech client US-based Lanco Federal Credit Union has gone live with a new core processing system, Symitar’s Episys. The solution is provided on a hosted basis by Member...
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Challenger bank Atom raises £149m
Atom Bank raises £149m A UK-based digital bank Atom has raised £149 million in the latest funding round, including £85.4 million from its existing investor, BBVA. BBVA now holds a 39% stake in Atom,...
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Ditto teams with Bankable for UK Faster Payment Scheme API access
Ditto goes Bankable Ditto, a new mobile bank launched by Travelex in France, has selected Bankable for real-time API access to the UK Faster Payment Scheme (FPS). Ditto – “the bank that travels with...
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Chetwood Financial lands £150m investment
Chetwood Financial lands £150m A newcomer to the UK banking space, Chetwood Financial, is to receive up to £150 million in investment from Elliott Advisors. As reported earlier by FinTech Futures,...
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solarisBank in €56.6 million funding round
Solaris Bank €56.6m A Germany-based Banking-as-a-Service (BaaS) platform, solarisBank, has completed a Series B funding sound, raising €56.6 million. The investors included ABN Amro, Visa, Lakestar and...
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FinTech Australia searches for new CEO
New CEO wanted Down Under FinTech Australia is on the hunt for a new CEO as Danielle Szetho has resigned less than two years into the job. Sarah Worboys has been appointed as interim CEO. Until...
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Ziraat Bank launches proprietary mobile wallet
Ziraat Bank launches m-wallet Ziraat Bank has unveiled its own mobile wallet – Bankkart Mobil – developed by its tech division, Ziraat Teknoloji, together with VeriPark and MagiClick Digital. Customers...
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Clinc launches self-service AI platform, Spotlight
Clinc: “We’re giving banks the keys to the world’s best conversational AI” Clinc, a conversational artificial intelligence (AI) offering for financial institutions, has unveiled Spotlight, a new...
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Two Chinese FIs live with TCS Bancs core banking system
TCS gains new core banking system clients in China Gansu Bank and Hunan Rural Credit Union in China have gone live with new core banking software, TCS Bancs from TCS Financial Solutions. Gansu Bank,...
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BNP Paribas Fortis and Tink team up for mobile banking
Tink teams with BNP Paribas Fortis Belgium-based BNP Paribas Fortis will integrate the aggregation, personal finance management (PFM) and payment initiation technology from Swedish fintech Tink into...
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Standard Bank sells mobile paytech Oltio to Mastercard
Mastercard acquires mobile paytech Oltio Mastercard has acquired Oltio, a mobile paytech firm in South Africa. Oltio, previously owned by Standard Bank, is already a long-standing partner of Mastercard...
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TransferWise turns to Wirecard for debit card issuing
Wirecard to issue debit cards for TransferWise Following the recent launch of a “borderless account” by TransferWise, the UK-based money transfer company recruited Wirecard as its debit card issuer for...
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