February 22, 2024 @ 8:29 pm By Omar Faridi  |  

Green Dot Corporation (NYSE: GDOT), a digital bank and fintech providing seamless banking and payments services to consumers and businesses, announced a new partnership with Dayforce, Inc. Through this partnership, Green Dot will serve “as the U.S. banking provider for Dayforce Wallet, the HCM company’s… Read More

 Tagged dayforce, deepa chatterjee, digital bank, fintech adoption, green dot, green dot corporation, simran singh

February 22, 2024 @ 7:11 pm By Omar Faridi  |  

Western Union (NYSE: WU)  and Mercado Pago have announced growth in their existing relationship, giving United States and Canadian customers the ability to send money from Western Union’s mobile app, its website, or from one of its retail locations to Mercado Pago wallet accounts in… Read More

 Tagged mercado pago, payments, western union

February 22, 2024 @ 6:57 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank has announced the launch of a new payment hub that allows customers to conduct their transfers in a quick and efficient manner. ADIB has worked with the real-time payment solutions company, ProgressSoft, to facilitate the integration of Cross-Border Services and accelerate… Read More

 Tagged abu dhabi islamic bank, fernando plaza lopez, michael wakileh, payments, progresssoft

February 22, 2024 @ 6:55 pm By Omar Faridi  |  

NAB welcomed the announcement by the Government to begin consultation on a draft Digital ID bill, an important milestone in advancing the Australian Digital Identity ecosystem. NAB Executive Digital Governance Brad Carr said “the move will help to protect customers and provide greater convenience.” Mr… Read More

 Tagged australia, brad carr, digital identity, identification, NAB

February 22, 2024 @ 6:53 pm By Omar Faridi  |  

PhonePe announced the consumer launch of its Indus Appstore, at Bharat Mandapam in New Delhi. Indus Appstore is PhonePe’s attempt at creating “a more competitive and localized mobile app store economy for India, which is already the largest mobile apps download market globally.” The session… Read More

 Tagged bharat mandapam, fintech adoption, india, mobile, new delhi, PhonePe, sameer nigam

February 22, 2024 @ 5:56 pm By Omar Faridi  |  

Finastra’s Filogix team has unveiled new generative AI (Gen AI) capabilities in its Expert Pro Canadian Mortgage Point of Sale (POS) solution. The function automates the creation of borrower narratives (notes) that “aids in lender underwriting – streamlining processes, saving time and minimizing errors for… Read More

 Tagged filogix, finastra, generative ai, jonathan wootten

February 22, 2024 @ 12:59 pm By Omar Faridi  |  

Billhop AB, a card-enablement platform, is collaborating with Eurocard, a card issuer in the Nordics. The partnership will is expected to allow corporate clients within the Nordic region to pay any bill or invoice with Eurocard’s virtual cards. This payment approach enables businesses “to take… Read More

 Tagged billhop, commercial cards, erik hallmén, eurocard, financial services, nordic region, nordics, tashi gauffin

February 22, 2024 @ 9:29 am By Omar Faridi  |  

Lenders are increasingly frustrated with OCR (optical character recognition) solutions that are designed to read data off paystubs, but they’re only pulling text from the documents. They also aren’t an end-to-end solution helping lenders comply with ECOA and Fair Lending. Many OCR tools also focus… Read More

 Tagged informediq, interview, justin wickett, machine learning, online lending

February 22, 2024 @ 9:17 am By Omar Faridi  |  

Revolut, the UK’s fintech with more than 35 million customers worldwide, has recently announced the launch of an advanced scam detection feature to help protect customers from card scams. Revolut customers can now experience “an added layer of security protection, on top of the technology… Read More

 Tagged ai, david eborne, digital bank, europe, fraud detection, fraudulent activity, revolut, scams, uk, united kingdom

February 22, 2024 @ 7:32 am By Omar Faridi  |  

Revolut has launched Robo-Advisor service in the EEA, to automate investing tailored to customer needs. The new product is advantageous for those who “don’t have the time to actively invest, or have limited or no trading experience.” Revolut’s Robo-Advisor assigns “a portfolio taking into account… Read More

 Tagged digital banking, investing, revolut, robo advisor