Tagged: digital technology

April 11, 2023 @ 8:10 am By Omar Faridi  |  

A new study from Juniper Research, foremost “experts” in the payments market, found that the transaction value of recurring payments “will exceed $15.4 trillion globally in 2027, from $13.2 trillion in 2023.” This relatively slow growth of 17% “reflects that recurring payments are a well-established… Read More

April 11, 2023 @ 8:09 am By Omar Faridi  |  

Wealthtech Addepar recently shared key platform developments, research insights and client, partner and company updates. As noted in a blog post, Addepar Navigator continues “to generate interest from their clients as a tool for managing liquidity for portfolios with significant investments in private capital assets.”… Read More

April 11, 2023 @ 8:07 am By Omar Faridi  |  

According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive “were up +4.7% year-over-year (YOY) in March.” Mastercard SpendingPulse reportedly “reflects nominal spending and is not adjusted for inflation.” At a national level, while… Read More

April 10, 2023 @ 6:27 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, released its inaugural Corporate Social Responsibility Impact Report, celebrating the compassionate efforts of its Community Affairs team, its philanthropic arm, Foundation@ Cross River, and its employees over the last year. With a focus… Read More

April 8, 2023 @ 4:53 pm By Omar Faridi  |  

ID.me, the secure digital identity network, announced that more than 100 million Americans have signed up for an ID.me Digital Wallet to speed access to services and benefits. ID.me’s Wallet implements “a verify-once-anywhere, get-frictionless-access-everywhere approach to login and identity.” This milestone “represents significant progress toward… Read More

April 8, 2023 @ 10:43 am By Omar Faridi  |  

New technology and innovations in the payment space are “transforming the way Canadian consumers and businesses make and process payments.” According to data from Payments Canada’s annual Canadian Payment Methods and Trends Report, Canadian businesses are “writing fewer and fewer cheques while expanding the range… Read More

April 5, 2023 @ 10:00 pm By Omar Faridi  |  

Finance Incorporated Limited, a gateway provider of electronic money services, announced today it has selected ThetaRay AI-powered transaction monitoring technology to further “strengthen its AML framework and grow business alongside increasing volumes of transaction data.” The agreement with ThetaRay “to implement the SaaS-based SONAR AI… Read More

April 5, 2023 @ 2:17 pm By Omar Faridi  |  

Volante Technologies, the global provider of cloud payments and financial messaging solutions to accelerate digital transformation, is celebrating Women’s History Month with the announcement of “a series of female hires to strategic positions in the business.” Emer Murphy was “hired in October 2022 as Vice… Read More

April 4, 2023 @ 5:32 pm By Omar Faridi  |  

Virginia Credit Union (VACU) is a state-chartered credit union that has served the central Virginia community for over 100 years. Vice President of Mortgage Lending, Mitchell Jones, said: “At the end of the day, our job is just to help our members live successful financial… Read More

April 4, 2023 @ 2:11 pm By Omar Faridi  |  

SEB and Crédit Agricole CIB are jointly launching so|bond, a “sustainable and open” platform for digital bonds built on blockchain technology. Through the platform, issuers in capital markets will be able “to issue digital bonds onto a blockchain network, aiming at improving efficiency and enabling… Read More

April 3, 2023 @ 8:30 am By Omar Faridi  |  

A report published by the World Economic Forum (WEF) explores how technology-driven risks originating in financial services sectors “could become systemic threats to the global financial system.” Pushing Through Undercurrents, developed in collaboration with Deloitte, “examines how different forces influence the way tech-driven risks spread and… Read More

April 3, 2023 @ 4:17 am By Omar Faridi  |  

FedML announced $6 million in funding to spearhead a “collaborative AI” movement that empowers companies and developers to work together on machine learning tasks by sharing data, models and compute resources – “fueling waves of AI innovation beyond the largest technology companies.” To meet that… Read More

April 2, 2023 @ 6:18 am By Omar Faridi  |  

NdcTech, a technology services firm transforming banks and financial institutions globally has successfully modernized the core banking system of Samba Bank onto the latest release of Temenos Transact. Samba Bank Limited is “a subsidiary of Saudi National Bank (SNB) KSA in Pakistan, offering personal and… Read More

April 1, 2023 @ 4:10 pm By Omar Faridi  |  

Alkami Technology Inc. (Nasdaq: ALKT), a Cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced that Connecticut-based Liberty Bank has launched “the Alkami Digital Banking Platform, and is successfully converting a substantial portion of their customer base—approximately 150,000—to Alkami’s single… Read More

April 1, 2023 @ 2:07 pm By Omar Faridi  |  

Onfido, the global provider of automated digital identity verification, announced a partnership with The Co-operative Bank, the “original” ethical bank, “enabling a streamlined, secure digital identity verification for its new customers.” The partnership “enables customers to prove their identity online, meaning they can onboard quicker,… Read More

April 1, 2023 @ 12:37 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, today announced a partnership with FinClusive, a global Compliance-as-a-Service (CaaS) infrastructure provider for financial services, “to provide account and payment services to advance secure and compliant access to the financially underserved.” Gilles Gade,… Read More

March 31, 2023 @ 10:13 am By Omar Faridi  |  

Vechain explains that it is dedicated to building the optimal real-world-ready blockchain environment and “enabling full-scale adoption of web3 technologies.” Their Web3-as-a-service platform, VORJ, “offers builders one of the most versatile blockchain tool suites on the market, and caters for users with little-to-no experience building… Read More

March 29, 2023 @ 6:53 pm By Omar Faridi  |  

Mars Growth Capital and Liquidity Group, a technology firm that has become the industry’s “fastest-growing” lender to mid-market, late-stage companies globally by automating the entire debt lending cycle, announced a $30M funding deal with Fashinza, an AI-driven B2B marketplace for global fashion supply chains. The… Read More

March 29, 2023 @ 1:24 pm By Omar Faridi  |  

Capitolis, the technology company reimagining capital markets, announced a significant innovation to its automated novation service in foreign exchange (FX): it can now novate agency trades while maintaining anonymity. This reportedly “unlocks more of the FX options market for novations by including agency flow and… Read More

March 27, 2023 @ 10:39 pm By Omar Faridi  |  

As April 18 looms,  banks are turning to tech to help customers ease their tax anxiety, according to an update from J.D. Power. It’s been an “arduous” year for banking customers in the United States, the report noted. Between historically high inflation and wading through… Read More