Managers of Wealth Fintech

Inside Revolut and Monzo’s mammoth funding rounds

With a series of fintech mega-rounds on the horizon, investors and industry experts weigh in on the upcoming raises — and the dangers they reveal about the market for challenger banks.

Deutsche Bank looks to Big Tech players for digital overhaul

In a memo released in October 2019, the firm commented that “To succeed, we need to fundamentally shift how we build technology and move to a new way of working.”

Wells Fargo to Cut Hundreds of Manila Workers in Tech Overhaul

The bank will eliminate about 700 positions in Manila.

MOU signed between Commercial Bank of Kuwait and Zain Group

The telecom company said that it will provide, under the MoU, a set of the latest innovative cloud solutions to enhance the digital infrastructure of Commercial Bank

The Emergence Of TD As A Data-Driven Force In Banking

MBNA had been a pioneer in the introduction of customer loyalty-based affinity cards, and like its mid-Atlantic neighbor, Capital One, was at the forefront of applying data and advanced analytics capabilities within banking.

Revolut launches Open Banking for all business and retail customers

Customers will be able to set budgeting targets for their external bank accounts.

UK Fintech to Launch in US

Curve is planning a new host of services to further augment its existing features

Deutsche Bank renews partnership with SimCorp to deliver fund services across Asia Pacific

Deutsche Bank’s renewal agreement will cover 12 markets and will support its growth in the region which converges with the Asian asset management industry’s ‘hyper growth’, set to reach USD 112 billion by 2025*.

Signature Bank Taps Tech For Simplified AP

Finrails AP offers increased visibility into cash flow, and the platform has built-in fraud detection via Positive Pay.

Silicon Valley Bank launches Virtual Cards in the UK

SVB’s Virtual Cards platforms across the US and UK now enable clients to pay in US Dollars, Pounds Sterling and euro.

BSP, Bank Indonesia may test cross-border retail payment linkages

“The BSP and BI have yet to consider specific projects under the MoU,” Mr. Diokno said in an e-mailed response to BusinessWorld on Tuesday.

Grab moves into retail wealth management with acquisition of robo-advisory

Following the acquisition, Bento will be rebranded as GrabInvest, with products expected to be launched on the Grab app in the first half of the year in Singapore.

KBank uses digital for Asean retail

Partnership is another key strategy for overseas digital banking business, with progress expected in China, Indonesia, Myanmar and Vietnam this year.

Egypt- CIB deploys digital solutions to revolutionise banking sector

CIB's Innovation Lab is positioned as the FinTech and Entrepreneurship Hub within the Banking Sector given its strong presence in the ecosystem via its contribution to all the sound incubators and accelerators in the market

Nomura launches crypto index for financial institutions

The index will be known as the NRI/IU Crypto-Asset Index and will mainly target financial institutions and institutional investors.

I2C brings Apple Pay to Najm cardholders in Middle East

The implementation of the program with Najm and Apple Pay took 90 days to bring to market using i2c’s highly configurable and flexible technology platform.

KBank invests in digital core

New growth areas get B17bn until 2022

Ecobank Launches a Pan-African Banking Sandbox for African Fintechs

African fintechs such as Flutterwave (Nigeria), Africa’s Talking (Kenya), Callme2Work (Kenya), and Esicia ltd (Rwanda) have reportedly been pre-selected for the pilot launch.

Newsbreak: Maybank to tie up with GrabPay for digital banking?

Maybank was non-committal when asked if it plans to pursue a digital banking licence in Malaysia and if this might be done in partnership with GPay Network.

Standard Chartered Invests More Money in Newly Rebranded Trade Finance Startup

The newly branded company will seek to capitalize on that sentiment later this year.

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