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Banking Featured Fintech

Facial Recognition Technology – The Next Big Thing In Fintech?

Paroma Sen
by Paroma Sen0
DBS Now Allows Users to Sign Up for Digital Banking Services Using Face Identification Facial recognition technology is set to create a big impact on the gamut of fintech offerings and innovations. In July 2020, DBS announced that Singpass users will be able to sign up to access a range......
Fintech News

QLess Partners with Credit Unions to Encourage Social Distancing with Digital Queue Management System

Fintech News Desk
by Fintech News Desk0
As the financial services industry tackles the challenges of operating under COVID-19 safety recommendations, credit unions across the U.S., including Financial Center Credit Union and WFCU Credit Union, have recently selected the QLess customer interaction management (CIM) tool to virtually eliminate the need for lines. To serve the public safely, credit unions are recognizing that......
Banking Fintech Mobile Banking News

Asian Bank Selects CSI’s Core Platform to Implement Robust Digital Banking Offerings

Fintech News Desk
by Fintech News Desk0
Philadelphia-based Asian Bank has selected Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, as its new core provider in order to offer robust digital banking solutions to its unique customer base. Asian Bank—a community financial institution formed by entrepreneurs to serve the growth needs of Asian......
Enova to Acquire OnDeck to Create a Leading FinTech Company Serving Consumers and Small Businesses
Business Fintech News

Enova to Acquire OnDeck to Create a Leading FinTech Company Serving Consumers and Small Businesses

Fintech News Desk
by Fintech News Desk0
Enova International and OnDeck, announced that they have entered into a definitive agreement under which Enova will acquire all outstanding shares of OnDeck in a cash and stock transaction valued at approximately $90 million. The implied price of $1.38 per OnDeck share reflects a 43.6% premium to its 90-day volume-weighted average price......
Wells Fargo Launches New Low-Cost Account With No Overdraft Fees
Banking Fintech News

Wells Fargo Launches New Cash Back Deals Program

Fintech News Desk
by Fintech News Desk0
Today, Wells Fargo (NYSE: WFC) announced the launch of My Wells Fargo Deals, a program offering cash back to consumers with an eligible Wells Fargo debit or credit card. Read More: Entrust Datacard Solves Evolving Identity and Encryption Needs with Latest PKI Platform Customers can activate the cash back deals by......
Blockchain Fintech News

Home Point to Offer Digital HELOC Through Figure

Fintech News Desk
by Fintech News Desk0
Home Point Is the Second Top 25 Mortgage Lender to Begin Originating Digital HELOCs on Provenance Figure Technologies, Inc. (Figure™), a leader in transforming financial services through the power of blockchain technology, today announced that another of the nation’s top mortgage lenders and servicers, Home Point Financial, is now offering a......
First Derivatives Names AWS Advanced Consulting Partner
Artificial Intelligence Business Fintech Investment Services News Risk Management

AWS Announces General Availability of Amazon Fraud Detector

Fintech News Desk
by Fintech News Desk0
Amazon Web Services Inc. (AWS), an Amazon.com company, announced the general availability of Amazon Fraud Detector, a fully managed service that makes it easy to quickly identify potentially fraudulent online activities like online payment and identity fraud. Using machine learning under the hood and based on over 20 years of......
Banking Economy Fintech News

Wells Fargo Pledges up to $20 Million to Support New York Economic Recovery Efforts

Fintech News Desk
by Fintech News Desk0
Wells Fargo & Company (NYSE: WFC) announced today that it pledged up to $20 million to support the New York Forward Loan Fund (NYFLF), an economic revitalization program across New York State. Initiated by New York Governor Andrew Cuomo, NYFLF is aimed at helping small businesses, nonprofits, and small landlords as they......
Ping An Bank named World's Best Digital Bank
Banking Fintech Mobile Banking News

Ping An Bank Named Asia’s Best Digital Bank by Euromoney, A First for Chinese Bank

Fintech News Desk
by Fintech News Desk0
Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that the Group’s subsidiary, Ping An Bank Co., Ltd. (hereafter “Ping An Bank“, SZ:000001) won the “Asia’s Best Digital Bank” award in Euromoney’s Awards for Excellence 2020. Ping An Bank is China’s first bank to receive this award. Previous......
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