Tagged: banking

April 21, 2022 @ 5:01 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ: JKHY) recently announced that Old Second National Bank has expanded its collaboration with Jack Henry “to support the bank’s digital and growth strategy.” Among the largest locally headquartered banks in the Chicago area, Old Second benefited from “a seven-year… Read More

April 21, 2022 @ 12:15 pm By Omar Faridi  |  

First Internet Bank recently announced that Genevieve Lua has “joined its growing Small Business Administration (SBA) Lending team as a Vice President, Business Development Officer.” First Internet Bank Vice President, National SBA Sales Manager Mark Gibson said: “Genevieve’s people-first focus and relationship-building skills are important… Read More

April 21, 2022 @ 11:02 am By Omar Faridi  |  

  In the face of this “tsunami” of branch closures, plans are progressing on a pilot which will see high street “champions” and community branch innovators, Newcastle Building Society, team up with global player in cash automation, GLORY, and shared banking Fintech, OneBanks Hub, in… Read More

April 19, 2022 @ 4:07 pm By Omar Faridi  |  

Financial technology provider FIS (NYSE: FIS) has announced its Banking-as-a-Service Hub, enabling banking institutions, credit unions, and Fintechs to build the virtual banking and payments ecosystems they require to provide innovation to merchants and consumers. The FIS Banking-as-a-Service Hub offers a complete suite of banking… Read More

April 19, 2022 @ 10:40 am By JD Alois  |  

Goldman Sachs (NYSE:GS), the words most prominent investment bank and aspiring global Fintech, announced Q1 earnings today that topped estimates. Goldman reported net revenues of $12.93 billion and earnings of $3.94 billion or an EPS of $10.76. Estimates had pegged EPS at $8.89. During the… Read More

April 19, 2022 @ 7:31 am By Omar Faridi  |  

Bank of America (NYSE: BAC) released its Q1 2022 financial report on Monday (April 18, 2022). The progress report from the bank exceeded industry analysts’ estimates, supported by the better-than-expected credit quality of the institution’s borrowers. Here are the key stats shared by Bank of… Read More

April 17, 2022 @ 8:00 pm By Omar Faridi  |  

We recently connected with Bill Sytsma, Senior Vice President at Callsign, a digital trust pioneer servicing some of the top banks in the US, to discuss authorized push payment (APP) fraud. Bill began working at Callsign in January 2021, where he is responsible for the… Read More

April 15, 2022 @ 11:24 am By Omar Faridi  |  

Douugh Ltd, the banking ‘Super App’ on a mission to help customers budget, save and invest their money “to live financially healthier lives,” is pleased to announce a partnership with Pinwheel in order to facilitate automatic direct deposit switching for its US clients. Douugh’s clients… Read More

April 15, 2022 @ 11:03 am By JD Alois  |  

EQUibank, a financial services firm located in Dominica, continues to promote its ability to hold and manage your OTC crypto from a licensed and regulated bank. OTC trading typically entails larger transactions so access to liquidity providers, something EQUIBank says it has, can be helpful…. Read More

April 14, 2022 @ 2:43 pm By Omar Faridi  |  

  Quontic Bank announced that it has introduced the “first-ever” tap-to-pay mobile payment ring to the US market. Quontic is an “innovative,” “digital-first,” and “customer centric” bank on a mission “to redefine how a bank and its customers conduct business.” Steve Schnall, CEO and Founder… Read More

April 12, 2022 @ 9:08 pm By Omar Faridi  |  

Kayamo is teaming up with Netbank, a fully-regulated bank that provides Banking-As-A-Service solutions through open APIs, to improve the way they release loan payouts and collect loan repayments–”overall, to provide a better user experience for their end-customers.” Prior to this partnership, Kayamo needed “to complete… Read More

April 12, 2022 @ 4:09 pm By Omar Faridi  |  

A partnership has been formed between Visa Fintech Partner Connect program members ecolytiq and Snowdrop Solutions. This partnership should enable the climate engagement provider ecolytiq with access to Snowdrop’s precise categorization and location of banking transfers, including retailer logos, ESG (Environmental, Social, Governance) ratings, directions… Read More

April 12, 2022 @ 10:31 am By JD Alois  |  

Why should you use a traditional bank over a Fintech – either a neobank (non-chartered financial service provider) or a digital bank (chartered). Good question. Old banks tend to have lots of physical locations and lots of employees that are expensive to keep on staff…. Read More

April 11, 2022 @ 11:17 pm By Omar Faridi  |  

Discover (NYSE: DFS) recently “revitalized” the consumer checking landscape with the introduction of its “benefits-packed” Cashback Debit account with “user-friendly” features, like early access “to paychecks up to two days in advance1 and a mobile-first banking experience.” Discover builds on its Cashback Bonus® rewards and… Read More

April 11, 2022 @ 10:46 pm By JD Alois  |  

OneConnect Financial Technology Co., Ltd, part of the Ping An Group, has signed a 10-year exclusive strategic partnership with Pismo, a banking Software-as-a-Service (SaaS) provider. According to a company statement, OneConnect current services will be augmented by Pismo’s “multi-tenant SaaS platform” to serve a broader… Read More

April 11, 2022 @ 9:35 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the Cloud banking platform, recently announced that Battle Financial, Inc. has selected Temenos Banking Cloud “to underpin the global markets technology stack for Battle Bank.” With Temenos core banking and payments solutions, Battle Bank will be able “to offer its clients a… Read More

April 8, 2022 @ 8:05 am By Omar Faridi  |  

Beginning on Wednesday (April 6, 2022), it will be possible for refugees who arrive in the Netherlands from Ukraine to “open a current account” with ABN AMRO (AMS: ABN) or another bank. Dutch organizations that offer current accounts are prepared “to handle large numbers of… Read More

April 7, 2022 @ 7:17 am By Omar Faridi  |  

Klarna, a global retail bank, payments, and shopping service that helps consumers “save time and money, be informed and in control,” revealed the new “Klarna-fied” brand identity of Stocard, which is one of the leading mobile wallet providers that “enables consumers to gather all of… Read More

April 6, 2022 @ 4:35 pm By Omar Faridi  |  

GoDo, a Fintech firm offering same-day, no-fee advances to wage earners, has teamed up with Highnote, a modern card issuance platform, in order to create the GoDo Card, a new card program that provides underbanked workers immediate access “to interim wages with no-fee advances.” Powered… Read More

April 6, 2022 @ 10:17 am By Omar Faridi  |  

  FintechOS, an international tech provider for banks, insurers, credit unions and other financial services firms, and Salt Edge, a key player in offering open banking and secure customer authentication solutions, have entered a partnership “to provide innovative and secure technology services to joint clients… Read More