News & Insights

Technology

Latest in "Technology" | View All News

Articles containing are from external sources. By clicking these articles you will be leaving the FinTech Alliance website. Images from external sources are not the property of FinTech Alliance. Image credits can be found on the external articles.

U.K. Neobank Gravity Chooses Core Banking Tech from Finastra
| Finovate

U.K. Neobank Gravity Chooses Core Banking Tech from Finastra

U.K.-based neobank Gravity has chosen the third largest fintech in the world, Finastra, to provide its end-to-end core banking capabilities, reports Ruby Hinchliffe of Fintech Futures (Finovate’s sister publication). The Fusion Essence cloud-based solution, built on Microsoft’s Azure cloud platform, will enable the challenger to deliver “an agile, customer-oriented service that will make business banking fairer and simpler,” said Gravity chairman, Tim Brooke. “Small businesses in the U.K. continue to struggle when it comes to choosing a bank that can support their needs. Traditional banks are failing to keep up with the agility these firms require and instead restrict their access to capital, stifle them with bureaucracy, and provide little or no support.” Gravity is still seeking authorization to serve SMEs with lending, credit card and deposit services, but looking forward with Fusion Essence the bank hopes to scale, offer a range of products, benefit from evergreen software updates and access a collaborative platform. Finastra’s retail banking general manager, Anand Subbaraman, called Gravity “an aspiring new entrant in the U.K. business banking sector” who will be able to “differentiate its services from traditional banks” by focusing more on strategic growth and resulting timely return on investment. This agreement follows closely behind Finastra’s deal with Manchester-based new bank, Revverbank, who also selected Fusion Essence for its end-to-end core banking capabilities. Currently 90 of the world’s top 100 banks use Finastra technology. Finastra (as Misys) demonstrated its FusionFabric.cloud technology at FinovateEurope 2017. Simon Paris is CEO. The post U.K. Neobank Gravity Chooses Core Banking Tech from Finastra appeared first on Finovate.

  • August 20, 2019
How to Build Systems That Scale with Barclays Rise - 9th September @ 3pm
Community Hub Member

How to Build Systems That Scale with Barclays Rise - 9th September @ 3pm

How do you build distributed, massively scalable, concurrent messaging and fault-tolerant systems wi...

Hey Google, lend me a tenner? NatWest trials voice banking
| Guardian Business

Hey Google, lend me a tenner? NatWest trials voice banking

High street bank says Google Home trial could let you do the banking as you make a cuppa or iron a shirt.

  • August 12, 2019
Retail’s Future Lies in Robotic Process Automation
| FinTech Times

Retail’s Future Lies in Robotic Process Automation

It’s no secret that the retail sector is going through a monumental transformation, whether bricks and mortar or online. Consequently, it has never been more important to take stock of business processes, assess where efficiencies can be made, and determine how technology can be maximised to offer a compelling proposition of both superior customer experience and operational improvement. 

  • August 09, 2019
Big Tech’s Big Profits For SoftBank
| PYMNTS

Big Tech’s Big Profits For SoftBank

Big tech, big bets and big profits. SoftBank’s first fiscal quarter is a snapshot of a longer-term...

  • August 09, 2019
Facebook urged to shut groups seeking fake Amazon reviews
| BBC Tech

Facebook urged to shut groups seeking fake Amazon reviews

Which? claimed to have uncovered several active groups that recruited people to write fake testimoni...

  • August 06, 2019
Pepper Power: HSBC Brings Robot Retail Banking to FinovateFall
| Finovate

Pepper Power: HSBC Brings Robot Retail Banking to FinovateFall

Is HSBC’s Pepper the best bot in banking? Attendees at FinovateFall in New York this September will have an opportunity to judge for themselves as the social humanoid robot, Pepper, makes its Finovate debut.

  • August 01, 2019
Caixabank debuts facial recognition ATMs
| Finextra

Caixabank debuts facial recognition ATMs

Caixabank is introducing ATMs that enable customers to withdraw cash using just facial recognition technology at a new 2200 square metre branch in Valencia.

  • August 01, 2019
Facebook Tests Wearable ‘Brain-Reading’ Device
| PYMNTS

Facebook Tests Wearable ‘Brain-Reading’ Device

Facebook revealed that it is making progress on developing its brain-reading computer. The social media giant announced the program in 2017.

  • July 31, 2019