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Banking Featured Finance Fintech

The Role of Deposit Switching in Modern Banking

Prajakta Ayade
by Prajakta Ayade0
Traditionally, switching direct deposits has been a cumbersome, paper-based process that could take days or even weeks to complete. Customers often had to fill out multiple forms and coordinate with both their employers and financial institutions to update their banking information. This friction-filled process deterred many from making the switch,......
Paxos-Secures-Full-Approval-to-Offer-Digital-Payment-Token-Services-from-Monetary-Authority-of-Singapore;-DBS-to-be-Primary-Banking-Partner
Blockchain Digital Payments Finance Fintech News

Paxos Secures Full Approval to Offer Digital Payment Token Services from Monetary Authority of Singapore; DBS to be Primary Banking Partner

PR Newswire
by PR Newswire0
Paxos to issue a stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework DBS selected as primary banking partner for cash management and custody of stablecoin reserves Paxos, the leading regulated blockchain & tokenization infrastructure platform, received full approval from the Monetary Authority of Singapore (MAS) for its Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment......
Wio Bank and Fiskl Embark on Groundbreaking Journey to Redefine Financial Management with AI
Artificial Intelligence Banking Finance Fintech News

Wio Bank and Fiskl Embark on Groundbreaking Journey to Redefine Financial Management with AI

EIN Presswire
by EIN Presswire0
Wio-Fiskl: Unleashing the Power of AI for UAE SME Accounting Wio, the region’s first platform bank, today announced a groundbreaking partnership with Fiskl, an AI global accounting platform, marking a significant step forward in advancing digital banking and AI-powered financial management solutions. This collaboration leverages Wio’s world-class banking APIs to......
snappi Receives Banking License from the European Central Bank
Banking News

snappi Receives Banking License from the European Central Bank

PR Newswire
by PR Newswire0
snappi, the pioneering Greek neobank, announces that it has received a universal banking license from the European Central Bank (ECB), following the proposal of the Bank of Greece. The regulator’s approval comes as the first milestone in snappi’s plans to provide next-generation financial services. The licensing process was facilitated by snappi’s......
Nubank Acquires Hyperplane to Accelerate AI-First Strategy
Artificial Intelligence Banking News

Nubank Acquires Hyperplane to Accelerate AI-First Strategy

Business Wire
by Business Wire0
AI technology will power Nubank’s platform, providing deeper insights into customer needs and creating hyper-personalized digital financial services; Hyperplane’s systems will integrate seamlessly, with immediate benefits Nubank announced the acquisition of Hyperplane, a data intelligence company from Silicon Valley. The partnership will usher in a new era for digital banking......
Trovata Launches Multibank Connector with the Largest Open Network of Corporate Banking APIs Globally for Account Data & Payments
Banking News

Trovata Launches Multibank Connector with the Largest Open Network of Corporate Banking APIs Globally for Account Data & Payments

PR Newswire
by PR Newswire0
Low-Code Embedded Banking Solution for Bank Portals, ERPs, and Other Finance & Treasury Systems Trovata, the global leader in corporate banking APIs, announces the launch of its new Multibank Connector which includes the most extensive library of direct-to-bank APIs to power financial services worldwide. Much like data aggregation solutions contributed......
Global Survey Finds 75% of Consumers Ready to Switch Banks Over Inadequate Fraud Protection
Artificial Intelligence Banking Finance Fintech News Security

Global Survey Finds 75% of Consumers Ready to Switch Banks Over Inadequate Fraud Protection

Business Wire
by Business Wire0
New research from Jumio reveals 69% of customers demand stronger cybersecurity measures as confidence in bank protections wanes Jumio, the leading provider of automated, AI-driven identity verification, risk signals and compliance solutions, today released new findings from its Jumio 2024 Online Identity Study. This year’s results highlight growing anxiety among......
Banking Digital Payments Finance Fintech Guest Posts Risk Management Security

Pay by Bank: Will the US catch up to Europe?

Eric Shoykhet
by Eric Shoykhet0
One of the biggest differences in the way US and European consumers pay for goods and services is the credit card: Americans rely on their credit cards as a way of life, and European consumers do not. In fact, Europeans seem to have an aversion to credit cards. As a......
FiVerity Unveils Identity Trust Management Platform to Modernize Security for Community Banks and Credit Unions
Banking News Security

FiVerity Unveils Identity Trust Management Platform to Modernize Security for Community Banks and Credit Unions

PR Newswire
by PR Newswire0
New enhancements create a single electronic location for consumer identity trust, enhanced decision-making, and strategic growth for Banks and Credit Unions. Boston, MA – June 25th, 2024 – FiVerity, a leading innovator in AI Identity Verification and Fraud Prevention, is proud to announce the launch of its Identity Trust Management platform. This groundbreaking solution is designed......
Consumers’-Growing-Demand-for-Simplicity-and-Security-Helps-U.S.-Bank-
Banking Finance Fintech News

Consumers’ Growing Demand for Simplicity and Security Helps U.S. Bank Top Javelin’s 2024 Digital Banking Scorecards

PR Newswire
by PR Newswire0
Javelin Strategy & Research released the 2024 editions of its annual Mobile Banking Scorecard and Online Banking Scorecard, with U.S. Bank earning Best in Class in both scorecards and ending Bank of America’s six-year reign atop both scorecards. The 2024 Scorecards highlight the growing importance to consumers of an intuitive experience and secure......
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