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JoFiCo taps Diebold Nixdorf to manage ATM network

Diebold Nixdorf has signed an ATM as a service agreement with JoFiCo, a joint venture created last year by four Belgian banks — Argenta, AXA Bank, Crelan and vdk bank — and bpost, to manage its ATM network from end…

ABN Amro, DXC invest in digital banking software startup Fenergo

Fenergo, a Dublin-based provider of digital onboarding and authentication software for the banking industry, has closed an investment round from ABN Amro Ventures and DXC Technology. The funding will be used for further product enhancement and/or the acquisition of new…

N26 to close UK operations following Brexit

N26 to close UK operations following Brexit

N26, a Berlin-based challenger bank, is pulling up stakes from the U.K. after that country finalized plans to withdraw from the European Union under Brexit.  N26 said it will no longer be able to operate in the U.K.

KAL enters partnership with Burroughs on ATM software solutions

Burroughs Inc., a service provider for ATMs, safes and related equipment, entered a partnership with KAL to provide hardware-agnostic software solutions as an alternative to existing OEM options. The companies plan to bring KAL’s Kalignite Hypervisor as their first solution…

Avant completes spinoff from Amount

Avant, a Chicago-based consumer lending platform, has completed its spinoff from Amount, a SaaS business that helps financial institutions transform their business to digital. The split will help both companies maximize capital and shareholder value, according to a press release…

Bank of Ireland, AIB put non-branch ATMs up for sale

Bank of Ireland and AIB Group are exploring the sale of their non-branch ATMs, part of a wider trend in the banking industry to outsource management of ATM fleets that are not part of branches or in remote locations. "AIB…

Lloyds Banking Group to shut 56 branches by October 2020

Lloyds Banking Group confirmed that it will close 56 bank branches across the U.K., as customer preferences continue to move toward digital banking and reduced dependence on physical branches. The group, which has more branches than any other financial institution…

India's ICICI bank unveils cardless ATM transactions using mobile app

India's ICICI Bank rolled out Cardless cash withdrawals, that allows customers make ATM withdrawals using their IMobile banking app, with no need to use a debit card.  The service has a daily and per-transaction withdrawal limit of R 20,000. ($280).

Temenos launches SaaS banking service in US to speed digital transformation

Temenos launches SaaS banking service in US to speed digital transformation

Temenos AG, a Geneva-based banking software company, announced the launch of its banking-as-a-service platform in the U.S., which it says can help launch a digital banking platform go live in 90 days. The Tenemos SaaS platform is designed to offer…

Raisin acquires Choice Financial to let US banks offer customized savings accounts

Raisin acquires Choice Financial to let US banks offer customized savings accounts

Raisin, a Berlin-based wealth management platform, agreed to buy Choice Financial Solutions, a software firm that will allow American banks and credit unions to offer a broader range of savings products directly to their customers or through the Raisin platform.…

Temenos launches cloud-based banking distribution services

Temenos launches cloud-based banking distribution services

Temenos, a Switzerland-based banking software developer, announced the launch of Temenos Infinity Distribution Services, a suite of cloud-based banking distribution services that use artificial intelligence to help financial institutions transform their legacy systems to modern, digital platforms. The platform will…

4 Belgian banks plan to roll out shared ATM network

Four Belgian banks, including Belfius, BNP Paribas Fortis, ING and KBC, have announced plans to launch a bank-neutral ATM network starting in 2021, which reflects the changing use of cash in that market, according to a company press release. The…

NEC unit Banqsoft acquires E Foqus financial software business

NEC Corp. announced that Banqsoft, a Norway-based subsidiary of its Denmark-based KMD unit, has acquired part of Danish software firm E Foqus, specifically the assets and rights related to its Focus Finance business.  E Foqus, based in Lyngby, outside of Copenhagen, specializes in software related to finance and shipping.

HSBC limits access to certain Hong Kong branches, ATMs due to protests

HSBC limits access to certain Hong Kong branches, ATMs due to protests

HSBC confirmed that it has taken reduced hours at some self-service machines and branches in Hong Kong to protect facilities due to the ongoing pro-democracy protests in the city. Since Jan. 3, the bank reduced hours at certain Express Banking…

BBVA launches sales on Amazon with eye towards financial products

BBVA launches sales on Amazon with eye towards financial products

BBVA, the Spanish banking group, has launched a plan to sell products on Amazon, starting with renowned restaurant El Cellar de Can Roca, part of a larger plan to eventually sell financial products, according to a blogpost. BBVA will begin…

Rural areas hardest hit by branch closings, the Fed says

Rural areas hardest hit by branch closings, the Fed says

More than half of U.S. counties lost access to bank branches between 2012 and 2017, with rural consumers hardest hit by the decline, the Federal Reserve said in a report released Monday. In the five-year period, nearly 800 rural counties lost 1,533 bank branches, representing 14% of their total branches.

Britain's TSB Bank to shutter 82 branches

Britain's TSB Bank to shutter 82 branches

Britain's TSB Bank announced Monday that it will close 82 branches next year in an effort to reduce costs by 100 million pounds ($128 million). Debbi Crosbie, the bank's new CEO, is behind the effort, according to a press release.…

People's United Bank to close 18 branches in Connecticut

People's United Bank to close 18 branches in Connecticut

People's United Bank will close 18 branches across Connecticut between now and April. Most of the closings will be in the Hartford area.  The closings, part of the regional lender's effort to reduce annual costs by $88 million pre-tax, follow the its recent $759 million acquisition of Hartford-based United Bank.

Taiwan's financial regulator: ATMs won't disappear, they'll just become smarter

Taiwan's financial regulator: ATMs won't disappear, they'll just become smarter

Taiwan has been pushing toward cashless payments. However, its financial regulator reassured citizens on Tuesday, that despite those efforts, ATMs will not disappear from the self-governing island claimed by China.

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