Search Results for: legacy technology
Finastra Brings its Fusion Phoenix Core to the Cloud
Commerce National Bank & Trust and Commencement Bank are the first customers using Fusion Phoenix in the cloud  Finastra has brought its core banking platform, Fusion Phoenix, to the cloud, with Commerce National Bank & Trust of Winter Park, Florida, and Commencement Bank of Tacoma, Washington being the first US banks to access the core solution......
LendingClub Announces Acquisition Of Radius Bank
First U.S. Fintech to Announce Acquisition of a Bank, Now Poised to Reimagine Banking Enhancing LendingClub’s Ability to Serve its Members, Grow its Market Opportunity, Increase and Diversify Earnings, and Provide Resilience and Regulatory Clarity Board Adopts a Temporary Stockholder Rights Plan to Protect Bank Charter Initiative LendingClub Corporation ,......
Trapped in the past? Moving Banking beyond the Prison Paradigm
Some banks are so established that, as customers, we think of them as part of the fabric of our lives; as immovable institutions. Maybe that was once the case. But the rise of a new, modern business environment is undermining that position. Apple pay and Facebook’s Libra are good examples......
Fintech Partnerships a Key Growth Strategy for Banks and Credit Unions in 2020
Fintechs Can Provide Better Design Capabilities, Improved Customer Experience, Report States Financial institutions are making fintech partnerships a key priority in 2020, according to new research from Cornerstone Advisors. In What’s Going On In Banking 2020: Outlook for a New Decade, 65 percent of banks and 76 percent of credit unions say......
Couples Prefer to Keep Some Finances Separate, Survey Reveals
Varo launches peer-payment feature that makes transferring money between partners a breeze A new survey released by mobile banking startup Varo Money, Inc. shines a light on the financial habits of modern couples, revealing that many Americans prefer maintaining a degree of fiscal autonomy in their relationships rather than engaging in......
Liferay and IDC Release Report Analyzing Customer Experience Trends in the Insurance Industry
Research Highlights the Role of DXPs in Improving Customer Experience The insurance sector continues to be one of the largest investors in technology for optimizing business processes. In fact, IDC Research estimates that global IT spending in this segment will exhibit a Compound Annual Growth Rate (CAGR) of 5.1% through......
AI in Banking: 7 ways AI will impact the Banking Industry
AI is shaking things up in the traditional finance and fintech industry for good. Even if you have never heard of the capabilities of AI to detect frauds and offer more enhanced customer service and overall customer experience, you will have interacted with a chatbot a.k.a. personal assistant on your......
REPAY Announces the Acquisition of Ventanex
Upsizes Existing Credit Facility to $345 million Repay Holdings Corporation, a leading provider of vertically-integrated payment solutions, announced the acquisition of Ventanex for up to $50 million, of which $36 million was paid at closing. The remaining $14 million may become payable upon the achievement of performance growth targets. The......
Genpact and HighRadius Partner to Help Companies Automate Accounts Receivable and Treasury Processes
Partnership Combines Powerful AI Platform With Deep Industry Expertise Genpact , a global professional services firm focused on delivering digital transformation, and HighRadius, an enterprise SaaS (Software-as-a-service) fintech company, announced a strategic partnership that will provide improvements to enterprise accounts receivable and bring together digital automation solutions powered by advanced......