September 17, 2023 @ 7:35 pm By Tony Zerucha  |  

The IBM Institute for Business Value, in collaboration with the Banking Industry Architecture Network and Red Hat, this week released findings from a new global study that reveals significant gaps between the stated priorities of surveyed banking executives and the customers they serve. The research… Read More

September 17, 2023 @ 7:32 pm By Tony Zerucha  |  

One out of every six Americans is financially vulnerable, the highest percentage since before the pandemic. That is one finding in the Financial Health Pulse 2023 U.S. Trends Report, released this week by the Financial Health Network. Financially vulnerable consumers typically struggle to meet expenses,… Read More

September 17, 2023 @ 11:11 am By Tony Zerucha  |  

SolasAI, a provider of market-proven algorithmic fairness AI software, this week announced enhancements to the SolasAI Bias Explainability & Mitigation Library to produce fairness results faster and more efficiently while enabling companies to safely and quickly innovate with artificial intelligence. The update reduces fairness results… Read More

September 16, 2023 @ 5:12 pm By Tony Zerucha  |  

While the Great Resignation might have subsided, the Crowe Bank Compensation and Benefits Survey shows that banks continue to struggle to retain younger talent. According to the 2023 edition, nearly 65% of respondents noted it’s been somewhat or very challenging to remain competitive among the… Read More

September 16, 2023 @ 5:07 pm By Tony Zerucha  |  

United Kingdom Fintech Paysend and Visa this week announced a strategic collaboration enabling Paysend’s customers globally to send money in real-time to eligible Visa cards across 170 countries and territories. The five-year partnership aims to revolutionize international money transfers through Visa Direct, Visa’s real-time money… Read More

September 16, 2023 @ 5:04 pm By Tony Zerucha  |  

Data from TransUnion shows that rising interest rates have pooped the credit union account origination party. The newly released Q3 Credit Union Market Perspectives Report can be viewed here. Interestingly, borrowers continue to take advantage of existing credit lines as balances across most credit products… Read More

September 16, 2023 @ 4:59 pm By Tony Zerucha  |  

Lingering recessionary fears are causing consumers to still cut spending, according to the Q3 2023 Consumer Pulse Report released this week by Marqeta, a global card issuing platform. Marqeta’s report surveyed 3,000 consumers in the United States and the United Kingdom in partnership with Propeller… Read More

September 15, 2023 @ 4:25 pm By Tony Zerucha  |  

Real estate investing investment marketplace Groundfloor had a busy week. The company announced a partnership program after unveiling its Labs initiative at the Blueprint Conference. Groundfloor recently surpassed $1 billion in investments on its platform and is accelerating growth through the Labs partnership program. Labs… Read More

September 15, 2023 @ 2:11 pm By Tony Zerucha  |  

Lender Toolkit, a provider of automated mortgage technology solutions powered by artificial intelligence (AI), announced the promotion of Tammi Alexander to chief operating officer (COO) this week. Previously, Alexander served as senior director of mortgage technology for the company. Alexander has more than 25 years… Read More

September 15, 2023 @ 2:11 pm By Tony Zerucha  |  

SMB fintech Nav this week launched Nav Prime, along with a credit-building card for small businesses. They believe it’s the latest tool to help small businesses improve their financial health. Nav helps small businesses transparently understand all of their financing options and know what they… Read More

September 15, 2023 @ 11:12 am By Tony Zerucha  |  

Nearly half of borrowers are experiencing considerable stress following the conclusion of the federal student loan forbearance. More than one in four are concerned that resuming payments will force them to take on more debt to make ends meet, according to a new survey by… Read More

September 15, 2023 @ 9:12 am By Tony Zerucha  |  

iProov, a provider of facial biometrics solutions, this week announced a new partnership with Estonia-based Cybernetica, a company focused on delivering future-proof technologies for secure digital societies. The partnership will see the companies collaborate to create a multi-factor authentication (MFA) digital identity solution for government… Read More

September 15, 2023 @ 8:17 am By Tony Zerucha  |  

This week, Apiture, a provider of digital banking solutions, announced the introduction of family banking through a partnership with Greenlight, a fintech company on a mission to help parents raise financially smart kids. Through the Greenlight for Banks program, Greenlight’s family finance app is now… Read More

September 14, 2023 @ 9:28 am By Tony Zerucha  |  

One of the reasons there has been little innovation in tax tech is because of complex integration challenges. Still, april is using artificial intelligence to bring innovation to a sector badly needing change. Founded by former Google data science head Daniel Marcous and Ben Borodach,… Read More

September 12, 2023 @ 4:45 pm By Tony Zerucha  |  

UPTIQ, a provider of holistic wealth management solutions for the financial services industry, this week welcomed Focus Financial Partners to its client roster. Focus Financial Partners is a partnership of independent, fiduciary wealth management firms. Utilizing UPTIQ’s artificial intelligence-enabled technology, Focus will expand its ability… Read More

September 8, 2023 @ 3:22 pm By Tony Zerucha  |  

Blockchain forensics firm CipherBlade this week announced a collaboration with MacNerd, a blockchain technology and software development company. The union will focus on bolstering crypto security and investigation services. CipherBlade said it has recovered millions of dollars in stolen cryptocurrency. The company looks forward to accessing MacNerd’s technical… Read More

September 8, 2023 @ 12:55 pm By Tony Zerucha  |  

Temenos this week launched what it claims is an industry-first secure solution for banks using generative artificial intelligence to classify customers’ banking transactions automatically. Transactions classification helps banks provide personalized insights and recommendations, offer more engaging and intuitive digital banking experiences, and enhance customer loyalty through more… Read More

September 8, 2023 @ 7:55 am By Tony Zerucha  |  

Koverly, a globally-focused fintech that integrates business-to-business buy now, pay later (BNPL) solutions into a digital payment platform, this week announced the addition of Ben Haddon as its vice president of credit and revenue. Haddon is expected to scale the company’s lending capacity to $70… Read More

September 8, 2023 @ 6:28 am By Tony Zerucha  |  

Global compliance technology solutions and services provider Sovos this week announced the addition of two technology industry veterans to its executive leadership team. Alice Katwan joins as president of revenue, and Eva Krauss returns as chief transformation officer. Both are new roles. In a statement,… Read More

September 8, 2023 @ 4:50 am By Tony Zerucha  |  

The American Fintech Council, an industry association representing fintech companies and banks, this week announced that EarnIn has become its newest member. EarnIn will join a growing group of diverse industry-leading earned wage access  companies. “EarnIn will add an important voice to a growing chorus… Read More