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Nordic banks reveal business plan for single payments platform P27
The six Nordic bank owners of instant payment system P27 have announced their business plan and agreed to invest in the company until it becomes financially sustainable. P27: “The world’s first...
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Temenos signs core banking deal with Maltese challenger Laskaris Finance
Malta’s newest challenger bank Laskaris Finance, which aims to serve high-net-worth individuals and corporate clients, has chosen Temenos to be its cloud core banking provider. Laskaris is currently...
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Branch launches free checking account and debit card for hourly workers
Mobile-linking platform Branch has partnered with Mastercard and Evolve Bank & Trust to launch its new financial wellness tools, which offer a zero-fee digital checking account and debit card for...
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eBook: 5 AI solutions every retail bank needs
Retail banks are among the most sophisticated users of machine learning among all other industries. In recent years, they have developed automated loan approval processes, credit scoring systems,...
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Temenos wins new deal in Finland with Municipality Finance
Finland-based Municipality Finance (MuniFin) has selected Temenos and its flagship core banking system T24 Transact. A new Finnish deal for Temenos After what the vendor calls an “exhaustive” selection...
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CNB Bank selects nCino to digitise retail lending processes
Pennsylvania-based CNB Bank has selected nCino and its Bank Operating System for the digitisation of its retail lending processes. nCino to build out CNB Bank’s retail ops The bank, which holds $3.2...
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US challenger Chime goes down for millions of customers
US-based challenger bank Chime, which now serves more than five million accounts across its home country, left users in the dark when they were unable to use their debit cards or pay their bills. CNBC...
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Kaleyra and Epiphany launch first open banking hub in Italy
Full-stack digital banking platform Epiphany and cloud provider for messaging services Kaleyra have launched the first open banking hub in Italy. Banks using Kaleyra’s platform access to three of...
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Instabase raises $105m sent to unicorn status
App store for banks Instabase has raised $105 million in its Series B funding round, valuing the start-up at more than $1 billion – sending it to unicorn status. The investment values the start-up at...
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Thought Machine to power Standard Chartered’s new Hong Kong bank
Standard Chartered has selected Thought Machine to provide core banking capabilities for its new digital bank launching in Hong Kong. Thought Machine’s founder and CEO, Paul Taylor The new venture, for...
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Core banking challenger Neocova launches in central USA
There’s a new core banking provider in the US market, as St. Louis-based Neocova comes out of stealth mode to announce its official launch. Neocova CEO Sultan Meghji The cloud-based platform,...
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TSB COO: “Whole host of things” need to be fixed
TSB has told staff that it has “too many people” in some roles and that its IT infrastructure needs to be strengthened, according to the Financial Times. TSB is aiming to put last year’s problems...
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UK Treasury Committee: Regulators must punish banks for IT failures
The Treasury Select Committee of the UK government has called on regulators to hold banks to account for an “unacceptable” amount of IT failures in the financial services sector. Regulators need to be...
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Standard Chartered opens second innovation lab in Hong Kong
Standard Chartered has opened its second eXellerator innovation lab in Hong Kong in a bid to breed “an innovative culture across the bank and to engage the fintech ecosystem”, it said in a statement....
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DTCC appoints Lynn Bishop as chief information officer
The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, has appointed Lynn Bishop as its chief information officer...
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Consolidated Bank Ghana goes live on Temenos T24 Transact
Consolidated Bank Ghana (CBG) has gone live with its new core banking system, T24 Transact from Temenos. Temenos T24 Transact at heart of consolidation project CBG was formed in August 2018 from the...
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Nordea writes off millions in IT impairment charges
Nordea has released its Q3 figures which show the largest financial group in the Nordics has amounted a €1.3 billion bill for one-off items largely made up of impairment charge for IT intangibles. The...
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Finxact signs payments partnership with The Clearing House
Cloud core banking firm Finxact has announced a partnership with The Clearing House (TCH) to implement real-time payments through the latter’s RTP network. Finxact offers core banking as-a-service The...
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SME challenger bank Recognise signs on Mambu tech
UK-based SME challenger bank Recognise has selected Mambu and its cloud-based Core banking platform. Recognise plans a London launch in 2020 Recognise, which is still in the process of obtaining a...
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Banking Technology November 2019 issue out now
The identity challenge The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary. A note from...
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