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The Race To The Cloud: Will Digital Banks Win?

PYMNTS

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. The bank is working with technology giants Google and Microsoft to create new cloud-based tools that will use their cloud computing software.

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Fintech Deals to Watch: Back to School

Gonzobanker

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

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The Bank-FinTech Collaboration Model Goes Global

PYMNTS

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. India’s ICICI Bank is adding accounting technology from AlignBooks to strengthen its SMB services.

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Nigerian FinTech Kuda Raises $1.6M For Digital Banking Tech

PYMNTS

Kuda, Nigeria’s first digital-only bank with a standalone license, has raised $1.6 Unlike other FinTech startups, Kuda was granted a banking license from the Nigerian Central Bank. Kuda is the first digital-only bank in Nigeria with a standalone license.

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Profile Software Unveils FX Risk Management Tool

PYMNTS

In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumen net eFX offering. In separate news, BNP Paribas , the French financial institution, unveiled a FinTech partnership to bolster its foreign exchange service offerings per news in September.

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Are Consumers Ditching their Banking App for Fintech Apps?

Bank Innovation

According to Malauzai Software, that’s the term used for vendors that “scrape” digital banking apps on the internet to gather data and then provide that data to fintechs. Think Mint, Yodlee and Intuit, who, according to Malauzai Software’s Monkey Insights February 2018 report, are the largest.Read More.

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How to Establish Quality Fintech Partnerships

Abrigo

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Learn top best practices for leading a successful software implementation. Digital Banking Report. DOWNLOAD WHITEPAPER .

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