NatWest 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,” Tom Kelleher, founder and commercial director at Icon Solutions, told Bank Automation News. The London-based NatWest invested in the Icon Payments Framework in September 2023 to boost ..read more

BNP 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 development within AI,” Chief Financial Officer Lars Machenil said during the bank’s earnings call on July 24. “We included automation, robotization, digitalization” as part of the bank’s ..read more

Revolut 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 and HSBC Holdings Plc. The Prudential Regulation Authority authorized the permit, though it comes with some restrictions, a common step for many new banks in the UK, according to ..read more

Lloyds 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 efficiency benefits as we scale,” Chief Executive Charlie Nunn said during the bank’s second-quarter earnings call today. The bank has digitized nearly 45% of its customer journeys ..read more

During the second quarter, Capital One continued to plan for its acquisition of Discover Financial Services as it awaits approval from the Federal Reserve.   “Our applications for regulatory approval are in process and we’re fully mobilized to plan and deliver a successful integration,” Capital One Chief Executive Richard Fairbank said during the bank’s July ..read more

Deutsche 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 ($83.6 million) in the second quarter through its global operations by deploying technology, and has saved $341 million since 2022, according to its earnings report. “Our proprietary ..read more

Expense management solutions provider fintech Brex is saving an average enterprise customer up to 300 hours per month in employee expense compliance efforts through its AI-driven Brex Assistant.  The virtual assistant, which launched last year, has saved customers an annualized $18 million by blocking out-of-policy spend through AI-powered controls, Erica Dorfman, executive vice president of ..read more

Financial technology provider Temenos will integrate money movement solution Visa Direct to its platform to provide banks with international money transfer capabilities.  Visa Direct will allow Temenos’ bank customers to use cross-border payments like person-to-person payments, funds disbursements and bill payments. By working with Visa, Temenos is providing banks the flexibility to choose what kind ..read more

NLB Banka Chief Data Officer Sonja Vucic will speak at Bank Automation Summit Europe 2024 about the importance of quality data.  The summit takes place Oct. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss bank automation, AI, payments and data.  View the full agenda for Bank Automation Summit Europe 2024 ..read more

CrowdStrike continues to manage the fallout from its IT outage July 19 as it works on remediation plans with the banks, airlines and stock exchanges that were brought to a halt by the tech meltdown.   The cybersecurity firm last Friday released a patch, or a software update that addresses security vulnerabilities, on its Falcon ..read more