Fintech

Nationwide Building Society has invested in Bunk, a digital lettings agency using Open Banking to help do-it-yourself landlords run their businesses. Terms of the investment were not disclosed. Around half of all UK landlords choose to run their rental businesses on their own. Bristol-based Bunk promises to take the hassle out of listing their properties, […]

On day two of the World Conference of Banking Institutes, executive director – business development of the Abu Dhabi Global Market Steve Barnett opened sessions with a focus on sustainability in emerging markets and explored how education is a core pillar when ensuring commitment to environmental, social, and governance (ESG) initiatives. While the financial services […]

Wells Fargo is preparing to pilot an internal settlement service running on a distributed ledger technology platform. Wells Fargo Digital Cash will allow the giant bank to complete internal book transfers of cross-border payments within its global network using digitised cash — and for those international locations to exchange that digitised cash among themselves. News […]

For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to […]

ACA Compliance Group (“ACA”) announced today that Carlo di Florio has joined ACA’s leadership team as Global Chief Services Officer (“CSO”). As ACA’s CSO, Carlo will be instrumental in defining and executing the vision for ACA’s governance, risk, and compliance (“GRC”) service offerings. His responsibilities will include oversight, management, and strategic growth of ACA’s global […]

Leader in Blockchain and Cloud innovation Ocyan has partnered with leading UK FinTech ClearScore to launch RomanAgora, an identity verification (IDV) consortium and data marketplace powered by blockchain technology which will help reduce fraud in credit applications. At present, fraud checking involves heavy manual operations, with multiple identity checks taking place on a continuous basis […]

As global non-cash transactions boom and competition from fintech startups and Big Tech flourishes, banks remain reluctant to embrace Open Banking via data sharing, ecosystem partnerships and open platforms, according to a report from Capgemini. Capgemini’s latest World Payments Report shows transaction volume of non-cash payments is growing rapidly, particularly in developing markets within Asia […]

Following the Strong Customer Authentication (SCA) deadline passing on Saturday, Dr Ruth Wandhöfer, honorary professor at the London Institute of Banking & Finance and board member at LSEG, took to the stage to discuss the changing pace of the payments industry and the role of the banking sector in this age of disruption. Wandhöfer explores […]

Cybercrime has emerged as a major concern for UK financial services firms, rocketing security spending to the top of the technology investment agenda, according to a Lloyds Bank report. While Brexit remains the biggest risk for the 100-odd financial services decision makers quizzed by Lloyds Bank Commercial Banking, followed by economic uncertainty and new regulations, […]

Numo, an inhouse fintech incubator created by PNC Bank, has spun out its first-stand alone startup, indi, which provides a mobile-based tax management and savings product for sole traders and gig economy workers. Billed by the bank as a new model for corporate-backed innovation and entrepreneurship, numo identifies opportunities and builds fintech products from the […]