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Banking News

Devon Bryan Named as Chief Information Security Officer (CISO) for MUFG Union Bank

Fintech News Desk
by Fintech News Desk0
MUFG Union Bank announced that Devon Bryan has joined as Chief Information Security Officer (CISO) for MUFG Union Bank effective August 3rd and will be based in Jersey City, NJ. Read More: GlobalFintechSeries Interview with Anand Kumar Bajaj, MD & CEO at PayNearby Bryan will be responsible for establishing and maintaining a comprehensive information security strategy and program......
Who do Banks Need to Refocus Efforts on Breaking Down User Behavior with Data?
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Why do Banks Need to Refocus Efforts on Breaking Down User Behavior with Data?

Paroma Sen
by Paroma Sen0
Banks will need to focus on understanding changing consumer behaviors based on historic customer data to compete in a post Covid-19 world While global economies including banks and businesses reevaluate business plans and strategies and remote work policies, they need to also refocus their understanding of their customers based on......
Aquant Announces Intelligent Warranty Audit to Accelerate Service Transformation
Artificial Intelligence Fintech News

Aquant Announces Intelligent Warranty Audit to Accelerate Service Transformation

Fintech News Desk
by Fintech News Desk0
AI-powered technology accesses and analyzes hidden warranty data to lower claims costs and improve customer experience(Aquant ) Warranty claims is a $50 billion industry that organizations have overlooked during the digital transformation process. With little insight into how much money is wasted, two to four percent of a company’s revenues vanish......
Marqeta: Mobile Wallet Use Surges in the Wake of COVID-19
Fintech Mobile Banking News Risk Management

Marqeta Adds 3D Secure to Its Platform, Providing Customizable Authentication for Online Fraud Mitigation

Fintech News Desk
by Fintech News Desk0
Marqeta 3D Secure – one of the first solutions to be certified on the Visa 2.2. Standards – is designed to give issuers complete control over their cardholder authentication experience to help reduce risk of fraud. Marqeta, the world’s first global modern card issuing platform, announced the release of its......
Skan Secures $14 Million Series A to Expand AI-Driven Process Discovery to Enable the Digital Transformation of the Enterprise
Artificial Intelligence News

Nikko Global Wrap and Fintica extend R&D collaboration after successful PoC trial

Fintech News Desk
by Fintech News Desk0
Following Fintica’s successful Proof of Concept trial for Nikko Global Wrap, the two extended R&D collaboration on proprietary Market Regime Classification Technology for Global Financial Markets. Fintica’s next generation AI is leveraged to analyze and categorize market regimes, in support of dynamic asset allocation and investment decisions. Fintica AI, Ltd.......
Fenergo Reports Rapid Cloud Adoption in Financial Sector Digital Awakening
Fintech News

AML, KYC and Sanctions Fines for Global Financial Institutions Reach $5.6 Billion Mid-Year

Fintech News Desk
by Fintech News Desk0
Repercussions from high profile scandals and compliance failings hit US, Israeli, Nordic and German banks hardest Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, today released its mid-year findings on global financial institution fines which show that by the end of July 2020, penalties......
Redd Announces New Vision, Rebrand as a Source of Global Change for Good
Fintech News

Assessing Next Financial Steps When Coronavirus Relief Programs End

Fintech News Desk
by Fintech News Desk0
National nonprofit credit counseling agency Take Charge America offers guidance for Americans still struggling from COVID-19 As the government debates additional aid for Americans impacted by the pandemic, many of the initial relief programs have expired or will do so in the coming weeks, leaving many people seeking additional solutions......
Barclays Launches Systematic Study of ESG-Focussed US Equity Funds
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Barclays Launches Systematic Study of ESG-Focussed US Equity Funds

Fintech News Desk
by Fintech News Desk0
ESG-focussed mutual funds are attracting large inflows, but fundamental challenges remain in defining what constitutes an ESG-labelled equity fund. In a systematic study of US equity funds, Barclays Quantitative Portfolio Strategy (“QPS”) team finds that ESG-labelled funds do not necessarily provide more ESG exposure than conventional funds. Read More: Curb Debuts......
Vitesse, a Fintech Providing Real-Time Cross-Border Payments for Businesses, Scores £6.6m Series A
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Vitesse, a Fintech Providing Real-Time Cross-Border Payments for Businesses, Scores £6.6m Series A

Fintech News Desk
by Fintech News Desk0
Vitesse, the London-based fintech that offers real-time cross-border payments for businesses, has raised £6.6 million in Series A funding. The round is led by Octopus Ventures, with participation from existing backers, including Hoxton Ventures and various angel investors. Read More: Hummingbird Raises $8.2M To Automate Financial Compliance Technology The company says the......
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