Search Results for: financial institution

January 12, 2024 @ 9:36 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, released its annual findings on global financial institution enforcement actions, which reveal that “the value of penalties imposed on firms surged 57% in 2023.” Penalties for failing… Read More

January 11, 2024 @ 6:29 pm By Omar Faridi  |  

Alkami Technology, Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that it has partnered with Chimney, a fintech transforming how financial institutions use property data. Through this strategic partnership, financial institutions “can empower homeowners with the… Read More

January 6, 2024 @ 8:14 am By Omar Faridi  |  

Eltropy, a “digital conversations platform,” announced it had surpassed 600 community financial institutions (CFI) customers. As part of the achievement, the company “announced it is boosting investments in Generative AI and product R&D by 36% in 2024.” Eltropy’s Generative AI products have seen adoption “with… Read More

January 4, 2024 @ 8:31 am By Omar Faridi  |  

Kathy Gormley, the AML Product Manager at Resistant AI, a start-up using machine-learning techniques to protect organizations from fraud, says that APP scams are on the rise, and financial institutions are under pressure to stem the flow of ill-gotten gains from these crimes. The Payment… Read More

January 1, 2024 @ 8:53 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) seeks public consultation on draft amendments to the “Key Principles of Governance in Financial Institutions under the control and supervision of the Saudi Central Bank.” In this context, SAMA invites stakeholders to “provide suggestions and observations on the draft by… Read More

December 7, 2023 @ 10:29 pm By Omar Faridi  |  

Featurespace, the enabler of enterprise-grade fraud and financial crime technology, today announces the data findings of a new report: The State of Fraud and Financial Crime in North America Annual Report 2023. The research, developed in conjunction with GlobalData, shows “that overall North American fraud… Read More

December 7, 2023 @ 9:48 pm By Omar Faridi  |  

Professionals from Mambu’s partner ecosystem give actionable insights into “how businesses can avoid getting left behind in the next wave of innovation.” Mambu, the SaaS cloud banking platform, has launched its Partner Predictions Report for 2024, delving into the trends that “are set to shape… Read More

November 28, 2023 @ 11:44 pm By Omar Faridi  |  

Finastra’s annual survey reveals that, despite global economic uncertainty, US financial institutions are primed to invest in artificial intelligence (AI), Banking as a Service (BaaS) and embedded finance, “striking an optimistic tone for innovation.” The ‘Financial Services: State of the Nation Survey 2023’ finds that… Read More

November 24, 2023 @ 10:14 am By Omar Faridi  |  

We recently caught up with DK Sharma, the President and Chief Operating Officer at Kore.ai, which focuses on providing conversational and generative AI value to large enterprises, enabling them to deploy AI responsibly, creating substantial value in customer support, employee interactions, and enhancing sales and… Read More

November 21, 2023 @ 2:27 pm By Omar Faridi  |  

On Sunday November 19, 2023, Argentina elected its next president, Javier Milei, which briefly caused “a noticeable surge in the price of Bitcoin and underscores the direct impact of political shifts on the crypto ecosystem.” Milei is a libertarian who aims to upend the economic… Read More

November 13, 2023 @ 6:33 am By Omar Faridi  |  

The ACPR and AMF encourage financial institutions to continue their efforts to take account of the vulnerability of ageing clients The joint unit of the Autorité de contrôle prudentiel et de résolution (ACPR) and the Autorité des marchés financiers (AMF) has published a summary of… Read More

November 10, 2023 @ 3:07 pm By Omar Faridi  |  

Alkami Technology, Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that it has enabled its financial institution clients to benefit from direct application programming interface (API) access to Plaid, a data network powering over 8,000 popular… Read More

November 9, 2023 @ 10:41 pm By Omar Faridi  |  

Apiture, a provider of digital banking solutions, announced the introduction of enhanced fraud detection through a partnership with DefenseStorm, provider of the only built-for-banking cyber risk management platform. Integrated with the Apiture Digital Banking Platform, the DefenseStorm GRID Active Fraud Detection solution “protects financial institutions… Read More

November 3, 2023 @ 10:40 am By Omar Faridi  |  

Glia, the customer interaction leader unifying Digital Customer Service (DCS), phone and automation on a single platform, is offering new generative AI tools to help financial institutions drive efficiency and improve the customer experience in a safe, secure way. Justin DiPietro, Co-Founder and Chief Strategy Officer of… Read More

October 29, 2023 @ 8:26 pm By Omar Faridi  |  

Derivative Path, a provider of capital markets technology and derivatives services to financial institutions and commercial end-users, names fintech product specialist, Kristin Kelly as Chief Product Officer in order “to lead the company’s product development strategy and appoints its cofounder, Frank Purnell, to the prestigious… Read More

October 19, 2023 @ 4:26 pm By Omar Faridi  |  

We recently connected with Justin Orgel from Marigold, a global MarTech that works with over 40,000 brands and organizations worldwide to help them identify and create strong relationships with their customers. The company offers industry-tailored MarTech and loyalty solutions that support the entire customer lifecycle… Read More

October 18, 2023 @ 7:19 pm By Omar Faridi  |  

Zodia Custody, an institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, is launching SAF3, the real-time digital asset custody platform in Australia, designed for institutions. SAF3 has been built by institutions for institutions, and will be “launched in Australia… Read More

October 15, 2023 @ 10:38 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology, and Plaid, a data network at the forefront of the digital financial landscape, announced an agreement to enable secure and reliable data sharing through application programming interfaces (APIs), addressing growing consumer demand… Read More

October 5, 2023 @ 10:23 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology solutions, has expanded its longstanding relationship with Swift by joining the Swift Partner Program as a Platform Partner. As a Partner, Fiserv will “enable connectivity to Swift APIs and enhance support for… Read More

September 14, 2023 @ 8:57 pm By Omar Faridi  |  

To better equip financial institutions’ need for faster data, more control and bigger impact throughout the analytics lifecycle, TransUnion (NYSE: TRU) launched TruIQ Data Enrichment. The solution provides unlimited, on-demand access “to pseudonymized TransUnion credit data within a customer’s private environment.” TruIQ Data Enrichment includes… Read More