Search Results for: Traditional banks

Fireblocks Acquires Tokenization Firm BlockFold to Serve Industry's Largest Banks & Financial Institutions
Banking Blockchain News

Fireblocks Acquires Tokenization Firm BlockFold to Serve Industry’s Largest Banks & Financial Institutions

PR Newswire
by PR Newswire0
With 75% of its tier-1 FI customers exploring tokenization, Fireblocks now supports clients with their most complex tokenization use cases Fireblocks is excited to announce the acquisition of BlockFold, a smart contract development and consulting firm specializing in advanced tokenization projects for financial institutions. The acquisition enriches Fireblocks’ tokenization capabilities......
Banking News

GFT and Thought Machine to Accelerate Digitization Initiatives That Will Power US Banks’ Future Growth

GlobeNewswire
by GlobeNewswire0
The Companies Behind Standard Chartered’s Digital Bank Mox are Scaling Cloud-Based Core Banking Offerings Stateside Traditional banks are at a critical point in their digital trajectories, having amassed significant consumer trust beyond that of digital-first challengers. Now, global digital transformation company GFT and cloud-native banking technology company Thought Machine are equipping incumbent banks to thrive in the......
Banking Featured Fintech Primers Mobile Banking Security

How Can Banks Stay Competitive With A Secured IT Security Infrastructure?

Pooja Choudhary
by Pooja Choudhary0
Web application and API crimes against banking firms soared by 257 percent in 2022, according to statistical analysis from Akamai. The cost of cybercrime in this industry is also among the greatest; according to IBM, in 2022, the usual cost of a data breach in this industry was $5.97 million,......
interface.ai Unveils Sphere: AI-Powered Chat Assistant Enhancing Banking Experience for Banks & Credit Unions
Banking News

interface.ai Unveils Sphere: AI-Powered Chat Assistant Enhancing Banking Experience for Banks & Credit Unions

PR Newswire
by PR Newswire0
Spearheading the era of Interactive Intelligence for Banking, interface.ai’s new product suite, Sphere, uniquely converges the System of Engagement and System of Intelligence interface.ai, a frontrunner in providing AI-powered solutions for the financial industry, announced the launch of Sphere – an innovative generative AI-powered multimodal assistant mirroring capabilities of ChatGPT.......
Digital Platforms Fortify Banks Against Rising Competition
Banking News

Digital Platforms Fortify Banks Against Rising Competition

Business Wire
by Business Wire0
Traditional banks continue to adopt modular, cloud-based architectures to meet customer demand for easy digital experiences, ISG Provider Lens report says Banks still using legacy technologies are continuing to move toward modern digital platforms to better compete with emerging rivals, according to a new research report published by Information Services Group......
Financial Frauds and Digital Safety Continue to Hound Banks
Banking Fintech News

Financial Frauds and Digital Safety Continue to Hound Banks

Fintech News Desk
by Fintech News Desk0
Online fraud and financial crime prevention platform, SEON has released its latest ‘Global Banking Fraud Index’, which analyzes the cost of fraud to banks and other financial institutions around the world in 2023.   Notably, the new review by SEON highlights the following:   The value of the global neobank market......
As Big Banks Fall, SMBs Turn to Alternative Funding
Banking News

As Big Banks Fall, SMBs Turn to Alternative Funding

Fintech News Desk
by Fintech News Desk0
Only 14% of growing businesses still prefer large national or international banks compared to alternative lenders, according to Capterra research As big banks collapse amidst inflation and rising interest rates, small and midsize businesses (SMBs) are disproportionately impacted as loans become more difficult to secure. Capterra‘s 2023 Financing Survey of over 450......
GOBankingRates Offers Unique Opportunity for Regional Banks To Grow and Diversify Deposit Accounts
Banking News

GOBankingRates Offers Unique Opportunity for Regional Banks To Grow and Diversify Deposit Accounts

PR Newswire
by PR Newswire0
In this current banking landscape, customers are looking for new institutions they can trust – GOBankingRates can serve as the bridge that connects you to them Regional and community banks across the US are currently facing a number of challenges. Following the recent bank failures, these institutions are concerned about......
FiVerity Raises $4 Million to Launch Anti-Fraud Collaboration with Banks
Banking Finance News

FiVerity Raises $4 Million to Launch Anti-Fraud Collaboration with Banks

Fintech News Desk
by Fintech News Desk0
Appoints Veteran Banking Investor John Clausen to Board of Directors FiVerity, creators of the Anti-Fraud Collaboration platform, announced a $4 million seed financing round, led by Mendon Venture Partners, a venture capital investment and strategic advisory firm focused on the intersection of financial technology companies and traditional banks. Joining Mendon......
The Rise of Partnerships Between Fintechs, Banks and Credit Unions
Banking Fintech Guest Posts

The Rise of Partnerships Between Fintechs, Banks and Credit Unions

JB Orecchia
by JB Orecchia0
In recent years, the traditional banking sector has faced significant competition from digital alternatives such as banking as a service (BaaS) and embedded finance. According to a survey conducted by Economist Impact, over half of C-suite banking executives are aware and wary of this increased competition. However, in a new......
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