Search Results for: traditional banks

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......
Unifimoney and First Fidelity Bank Announces Enhanced Yield Savings Program for Community Banks
Banking News

Unifimoney and First Fidelity Bank Announces Enhanced Yield Savings Program for Community Banks

Business Wire
by Business Wire0
Unifimoney and First Fidelity Bank launch an enhanced yield savings program giving account holders the choice of a Cash Account with 3.655% APY or Money Market Fund with a 4.80% Unifimoney Inc., a multi-asset digital wealth management platform for Community Banks and Credit Unions, and First Fidelity Bank (FFB), a......
L3COS Launches Decentralized Digital Assets Exchange & Marketplace Featuring 100% Liquid Tokenized Deposits Safeguarded by Central Banks
Blockchain News

L3COS Launches Decentralized Digital Assets Exchange & Marketplace Featuring 100% Liquid Tokenized Deposits Safeguarded by Central Banks

PR Newswire
by PR Newswire0
L3COS, a blockchain based operating system, is pleased to announce the launch of its decentralized exchange in April 2023. The exchange is L3COS’ first product to market made possible through proprietary Fiat-on-Chain™ (FoC) technology aiming to bridge the gap between traditional banking rails and a DEFI environment. Latest Fintech News: Piper......
Banking Digital Fintech News Technology

70% of European Banks And Fintechs Will Invest In Financial Technology Over The Next 18 Months Despite The Downturn

Fintech Staff Writer
by Fintech Staff Writer0
The multi-award-winning fintech PR and marketing firm CCgroup released the results of its study on “How to influence fintech buyers,” which was based on a poll of significant banks and fintechs in five European markets. According to the study, 70% of European financial institutions anticipate raising their financial technology investments......
Banks See “Clear Potential and Value” in Swift’s Experimental CBDC Connector After Sandbox Collaboration
Blockchain News

Banks See “Clear Potential and Value” in Swift’s Experimental CBDC Connector After Sandbox Collaboration

Business Wire
by Business Wire0
Swift innovation enables CBDCs to move seamlessly on existing financial infrastructure and efficiently scale for international transactions across more than 200 countries Swift announced further progress on its experimental solution for interlinking Central Bank Digital Currencies (CBDCs), reporting that 18 central and commercial banks found “clear potential and value” in......
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