Financial institution leaders have prioritized innovation and efficiency efforts in 2024 while navigating continually evolving technologies. This year, bank executives have been tasked with keeping up with generative…
Read more 11 bank tech execs to watch in 2025United Kingdom-based digital bank OakNorth was granted regulatory approval by the Federal Reserve and the New York State Department of Financial Services on Aug. 26 to market its…
Read more UK digital bank OakNorth approved to market products, services in the US | Bank Automation NewsFintech funding hit a four-year low globally in the first half of 2024, but nearly three-quarters of the money raised went to North America, followed by Europe. North…
Read more Fintech Funding: North American firms take most of H1 investment | Bank Automation NewsU.K. regulators are starting to look at the European Union’s Digital Operational Resilience Act, and are monitoring the resiliency and business continuity plans of critical industry enterprises, a…
Read more European transactions: Cockroach Labs, PwC UK team up on data sovereignty, modernization | Bank Automation NewsJ.P. Morgan is joining French payments network Cartes Bancaires, Mike Lozanoff, managing director and global head of merchant services at J.P. Morgan, tells Bank Automation News on this…
Read more Podcast: JPM connects to French payments network Cartes Bancaires | Bank Automation NewsRevolut Ltd. said a secondary share sale that allowed the company to give employees liquidity for their stakes valued the company at $45 billion. The round was led…
Read more Revolut says secondary share sale valued firm at $45B | Bank Automation NewsLondon-based Barclays bank and Amazon have come together to launch a co-branded card in the United Kingdom: Amazon Barclaycard. “We’ve launched this card for anyone who loves to…
Read more Barclays, Amazon team up on card | Bank Automation NewsBritish challenger bank Monzo reported an outage today that halted some card payments and outbound bank transfers. In response to the outage, which the bank attributed to a…
Read more Monzo moves clients to backup | Bank Automation NewsClearBank Ltd. said it received a banking license allowing the fintech to offer real-time clearing and settlement services to clients across Europe, marking the UK company’s first step…
Read more ClearBank wins license allowing fintech to expand across europe | Bank Automation NewsStandard Chartered Plc will take a stake in United Fintech Group, becoming the fourth large bank this year to invest in the London-based company as it negotiates new acquisitions…
Read more StanChart invests in fintech M&A company, joining Citi, BNP | Bank Automation NewsHSBC continued to invest in digitalizing its retail and transaction banking businesses in the first half of 2024. “The steps we’ve taken to change our retail business model…
Read more HSBC digitalizes retail, transaction banking | Bank Automation NewsDaniele Tonella was named ING’s chief technology officer July 29, succeeding interim CTO Marnix van Stiphout. His appointment is effective Aug. 5. Tonella previously served at group chief…
Read more Daniele Tonella named ING CTO | Bank Automation NewsBank of Valletta Project Manager of Portfolio Delivery Agata Wolska will speak at Bank Automation Summit Europe 2024 on the state of AI regulation. The summit takes place…
Read more Bank of Valletta’s Wolska to speak at Bank Automation Summit Europe 2024 | Bank Automation NewsNatWest is interested in investing in technologies that it may have use for, such as payments solutions provider Icon Solutions. “That’s how the conversation started around [NatWest’s] investment,”…
Read more NatWest invests in tech | Bank Automation NewsBNP Paribas is investing in AI, cloud infrastructure and cyber security as part of its modernization efforts. “The second quarter marked the continuation of our ambitious but disciplined…
Read more BNP has identified 780 AI use cases | Bank Automation NewsRevolut Ltd. said it received a British banking license from regulators, a move that allows the fintech firm to better challenge traditional banking giants such as Barclays Plc…
Read more Revolut wins long-awaited UK banking license from watchdog | Bank Automation NewsLloyds Bank is looking to modernize its platform through AI and beefing up its tech team. “By digitizing end to end and modernizing our technology estate, we’re increasing…
Read more Lloyds expects to save $901M through tech in 2024 | Bank Automation NewsDeutsche Bank and Santander Bank are deploying tech to simplify operations and cut costs, according to their earnings reports. Santander reported today that it saved 77 million euros…
Read more DB and Santander controlling costs through tech | Bank Automation NewsHSBC Holdings Plc staff entering Georges Elhedery’s office in Dubai used to joke that it felt like walking into a freezing meat locker. The executive told a colleague…
Read more HSBC’s new Mandarin-speaking CEO reveals British lender’s deepening Asia pivot | Bank Automation NewsGerman bank Solaris SE faces financial penalties if it doesn’t meet deadlines for fixing controls, after failing to do so for years, according to Bloomberg. Solaris hasn’t fully…
Read more Germany threatens fintech Solaris with fines over slow fixes | Bank Automation News
