One FinTech that’s still going head-to-head against banks
For all the talk of cooperation and partnerships with banks, financial services startups are doing well in underserved niche markets such as actors and musicians. Read more: www.americanbanker.com
Goldman: FinTech revolution can’t come soon enough
The Wall Street firm’s young online retail-banking unit is growing and could, once big enough, crank out far higher returns than the investment bank. Read more: www.nytimes.com
Lloyds partners Microsoft for online banking facial recognition
Lloyds is teaming up with Microsoft to pilot the use of fingerprint and facial recognition technology for online banking logins on Windows 10 devices. Read more: www.finextra.com
Measuring success in banking innovation
What do we hope to achieve by trying to measure banking innovation according to old habits and routines? Surely only the customer can measure our success? Read more: banknxt.com
Ummah Finance to become first UK-based mobile Islamic bank
Ummah Finance aims to be “the first UK born Islamic bank solely set up and operating from London”, with a fully digital proposition. Read more: www.bankingtech.com
HSBC chairman Douglas Flint: We welcome “crazy” FinTech ideas
The boss of one of Britain’s biggest banks has said it welcomes “crazy” ideas which come from FinTech startups. Read more: www.cityam.com
TCS Bancs wins AU$13.6m core banking system contract
Reserve Bank of Australia has made a decision to overhaul its core banking technology with TCS Financial Solutions’ Bancs system. Read more: www.bankingtech.com
Commonwealth Bank of Australia joins quantum revolution
QxBranch, the quantum computing and data analytics software company, has created a quantum computing simulator for the CBA. Read more: www.bankingtech.com
HR Path grabs €30m to take software global
French human resources management service HR Path has raised €30m in a new round of funding. Read more: www.fintechroundup.com
Meniga picks up €7.5m to help banks adapt to FinTech
Digital banking platform Meniga has picked up €7.5m in a round led by Nordic VC Industrifonden. Read more: www.fintechroundup.com