Tandem and TrueLayer partnership shows how fintech can support fintech
One of the reasons many of the large traditional banks have such clunky IT is the fact that for years they preferred to do most of the development themselves. Proprietary legacy systems were seen as a way to differentiate. But it was actually very costly and ended up holding banks back. How...
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Has Amazon dropped its plan for a bank account?
According to reports last year Amazon was talking to JPMorgan about potentially setting up checking accounts – the US equivalent of current accounts – for younger people or the unbanked. With Google now planning...
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Azimo opens doors at Brexit-proof Dutch arm
UK fintech Azimo has launched its Dutch subsidiary, which was inspired to shield the money transfer company from the damaging effects of Brexit. All cross border transfers made from outside the UK will now go through Azimo’s Amsterdam based operation. The cross border money transfer fintech...
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Wagestream gives staff alternative to payday lenders: Fintech interview 30
Fintech Wagestream, which was founded last year, offers businesses a service where they can pay staff some of their earnings in advance of payday. It gives workers access to the money they have earned straight away rather than at the end of the month This is an employee benefit businesses...
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Tandem Bank embarks on international expansion
Digital challenger bank Tandem has made will start its international expansion with plans to open in Hong Kong before the year is out. Tandem Bank is...
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TrueLayer set to expand its services through Visa network
It is almost a year ago when I first spoke with fintech TrueLayer as part of my Fintech interview series, and the company is making significant progress. A $35m round of...
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The demise of Lehman Brothers sparked Inbotiqa’s flame: Fintech interview 29
When an email was missed at Lehman Brothers and a hefty fine was triggered by regulators a pair from the corporate actions team were asked to build a technology that would prevent it happening again. Large corporates have numerous high volume shared inboxes where every email is an action to...
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Financial services firms reveal their fintech status in major study
While traditional financial services firms are waxing lyrical about the benefits of fintech only a third (34%) have a C-suite executive leading technology/digital strategies.
This is according to a survey of 248 finance firms, of which 73% have annual revenue over $1bn. The 0 Comments
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From university lab to mainstream Mambu provides cloud ERP system for banks: Fintech interview 28
A project at a US university looking at microfinancing proved to be the spark for software as a service banking platform supplier Mambu. The company, which was launched in 2010, today describes itself as a cloud based ERP system for banks, which can complete...
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SIBOS audience applauds Boris Johnson’s loss in the Supreme Court
At 10.30am on Tuesday 24th September I was sitting in a packed audience at SIBOS in London’s Excel, listening to a talk about the future of banking. I was listening but must admit Twitter was my main focus at the time. I was...
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