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Life is a glitch: more IT outages at banks in UK and Ireland
TSB and Ulster Bank are not having a good time with their tech. TSB, which at the weekend embarked on a major customer data migration from outsourced legacy tech (provided by Lloyds Banking Group) to...
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Milestones reached in Nordea’s tech overhaul
Tech overhaul underway Nordea is progressing with its enterprise-wide technology overhaul. The bank says new savings and term deposit accounts for Finnish household customers are now being opened on...
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TSB vows to put things right
TSB now running on Proteo4UK In its latest financial results announcement, TSB says its teams “are working around the clock” to fix the IT issues “as soon as possible”. The bank’s migration to new...
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Revolut lands $250m funding
Now valued at $1.7bn UK-based challenger Revolut has raised an additional $250m in Series C funding, which will see the fintech valued at $1.7 billion – five-fold increase in less than a year. Revolut...
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Avaloq takes 10% stake in blockchain firm Metaco
Avaloq invests in Metaco Switzerland-based core banking software vendor Avaloq has acquired a 10% stake in a fellow Swiss firm, Metaco. Metaco specialises in blockchain and cryptocurrencies and the...
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First global corporate loan transaction on blockchain completed by BBVA and...
Blockchain news time! BBVA and Spanish tech consultancy firm Indra say they have “successfully completed the first global corporate loan transaction using blockchain technology from the negotiation of...
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Diamond Bank sells UK subsidiary to industrialist Sanjeev Gupta
Sanjeev Gupta,GFG Alliance Nigeria’s Diamond Bank is selling its UK subsidiary to Sanjeev Gupta, a UK industrialist and owner of GFG Alliance group and Wyelands Bank. Central Bank of Nigeria of Nigeria...
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Citizens Bank in trade finance tech revamp with Finastra and Infosys
Finastra signs new trade finance tech client, progresses with blockchain US-based Citizens Bank will implement a new trade finance solution, Fusion Trade Innovation from Finastra. Infosys will be the...
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Start-up e-Doley Finance takes BGFI Bank to court
Fintech to bank: See you in court! e-Doley Finance, a fintech start-up in Gabon, is taking a major African financial services group, BGFI Bank, to court in France and Gabon. The fintech firm is...
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Core banking tech vendor Thought Machine goes into administration, restructures
Thought Machine Ltd restructures into Thought Machine Group Ltd Thought Machine Ltd, a UK-based banking software firm set up by ex-Googler Paul Taylor, went into administration. According to The London...
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Soneri Bank live on Temenos T24 core banking system
Pakistan-based Soneri Bank has gone live with a new core banking platform, Temenos’ T24 (R16). It has also implemented Temenos’ analytics solution, Insight BI. The bank went live with the new tech...
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Singapore to fast track applications for fintech inventions
The Intellectual Property Office of Singapore (IPOS) has launched FinTech Fast Track – a new initiative to expedite patent application-to-grant process for fintech inventions. IPOS says approval can...
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Nations Trust Bank unveils open API banking platform
Open banking comes to Sri Lanka Sri Lanka-based Nations Trust Bank (NTB) has launched on open API banking platform. “The future of banking will be one of the safest public spaces, openness and...
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Bank of Jordan puts core banking tech in Oracle cloud
BML Istisharat gains new live site; changes ownership Bank of Jordan (Bahrain), a newly established subsidiary of regional banking group Bank of Jordan, has gone live with its new core banking system,...
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UK challenger banks: who’s who (and what’s their tech)
UK challenger banks: who is who With so many new entrants trying to muscle into the UK banking sector, Banking Technology has put together a comprehensive list of the known challengers to date and the...
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Acorns Australia rebrands as Raiz Invest; Westpac and Assembly Payments team up
Acorns Australia is now Raiz Invest Acorns Australia, a mobile app that uses small change to invest, has rebranded as Raiz Invest. The move follows the announcement that Instreet Investment Limited, an...
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ANZ, Suncorp and IBM team for blockchain insurance tech
Blockchain in New Zealand Two Antipodean banking heavyweights, ANZ and Suncorp New Zealand, have joined forces with IBM to develop a blockchain solution for the insurance industry. The project is one...
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ATB Financial outsources bill paytech to Central 1
Canada-based Central 1 Credit Union has signed ATB Financial for its Bill Payment Processing Services. ATB Financial, the largest financial institution based in Alberta, has also become the largest...
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Wirecard provides paytech to global bank account Denizen
Denizen gets paytech from Wirecard Paytech specialist Wirecard is working with start-up Denizen, backed by BBVA, on its global bank account. Wirecard is Denizen’s technology partner – “helping power...
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Erste Bank Hungary in paytech revamp with ACI Worldwide
Paytech project for ACI in Hungary Erste Bank Hungary (EBH) has implemented ACI Worldwide’s UP portfolio of payment solutions “to drive its open banking strategy, support new revenue streams and fully...
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