The theory of the ‘Bank of One’ is well-rehearsed. Today’s tech-savvy consumers are demanding banking services tailored to their particular requirements. They see financial services as an enabler for other aspects of their lives, and they want their banks to deliver the products and advice they need in an efficient, timely way – matching their experiences of being a customer of other digital businesses. Think of Wells Fargo’s personalised ATM messages in the US.

Second Quarter Results 2018

CEO Casper von Koskull's comments on the results:

"This quarter we have started to see our efforts to increase customer satisfaction bearing fruit and we see signs of improving momentum across our various businesses among both corporate and household customers. We are delivering on cost, compliance, capital and credit quality, which is the foundation for continuing to be the stable, safe and trusted banking partner of our customers today and tomorrow.

City of London Group plc (COLG) (LSE: CIN), the parent company of a group focused on providing finance to the SME sector and home reversion plans in the UK residential property market, and CODE Investing, the institutional marketplace for SME debt, are pleased to announce a strategic collaboration to support the growth of UK small businesses. COLG will aim to complete £50 million in UK small business loans over the next four years originated through CODE Investing.

Nordea Asset Management Holding AB has signed an agreement to acquire a 40% stake in Stockholm-based asset manager Madrague Capital Partners AB. The partnership combines Madrague’s well-regarded hedge fund investment competence with the strong Nordea Asset Management distribution network in the Nordics and the rest of the world. 

The European Р2Р platform Robo.cash and one of the leading alternative lending
companies in Kazakhstan LLP Zaymer expand partnership by delivering a new opportunity for investments on the platform - installment loans TezCredit with a repayment period up to 12 months and an expected interest rate up to 14.5% per annum.

Finicity’s Verification of Assets solution is integrated into SimpleNexus’ Enterprise Digital Mortgage Platform and mobile app

Tradeteq, the trade finance distribution platform, has raised US$6.3mn of equity investment in seed extension funding round, led by ADV. The financing will be used for the expansion of Tradeteq’s platform, and for the release of new applications and data services. Several of Tradeteq’s existing investors also participated in the seed extension round.

FinTP-Instant is a new functionality of FinTP which connects back-office applications of a bank to an Instant Payments service offered by a third party, such as the Romanian ACH, TransFonD. This functionality retrieves payment messages in the format provided by these applications (database tables, message queues etc), converts them to the ISO 20022 standard and routes them to the Instant Payments System (IPS).

State Street Corporation (NYSE: STT) today announced the launch of State Street Verus^SM, a mobile-first application that makes connections between news coverage and investors’ holdings through the application of big data, machine learning, natural language processing and human intelligence. Verus is designed to help investment professionals in the front office gain greater insights, mitigate risk, and generate alpha.

GoldenSource, the global provider of Enterprise Data Management, has announced that it has been selected by Jackson National Asset Management (JNAM) to provide a fully hosted and scalable data management platform.