Tagged: financial institutions

Asa, which Connects Financial Institutions with Fintechs, Welcomes Austin Adams to Board of Directors

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Asa connects financial institutions with vetted Fintechs for end users “in a secure, compliant and easy to implement marketplace.” The firm has announced that 40-year banking industry veteran Austin Adams has “joined its board of directors.” In this role, Adams is “helping drive the company’s… Read More

FedNow Service Pilot Achieves Message Delivery Milestone, Adds New Participants

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The Federal Reserve recently reported that it officially began onboarding pilot participants onto the FedNow Service, “signaling that the initial testing phase of the FedNow Pilot Program is underway.” A few organizations have now successfully “connected and delivered test messages over a pilot version of… Read More

Akoya Is Now “First” Third-Party Service Provider for Tokenized Payments

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Akoya is the “first” third-party service provider to provide access to the Secure Token Exchange (STE), “a new optional capability from The Clearing House (TCH) that issues tokens for financial institutions’ account numbers, for the RTP network and EPN, the real-time payments and Automated Clearing… Read More

Fiserv Accelerates Open Finance, Enables Collaboration Among Fintechs with AppMarket

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Financial institutions can access a “curated” set of Fintech solutions that can help them reach new customers, “operate more efficiently” and compete “more effectively” via the launch of AppMarket from Fiserv (NASDAQ: FISV), an international provider of payments and financial services tech solutions. The Fintech… Read More

Fintech Personetics Introduces Sustainability Insights, a Solution for Banks to Lower Carbon Footprint

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Personetics, which claims to be the leading provider of financial data-driven personalization, customer engagement, and advanced money management capabilities for financial institutions, recently announced the launch of Sustainability Insights. This offering, included within the Personetics engagement platform, will help banking institutions meet growing customer demand… Read More

Bill Sytsma: Senior Vice President at Callsign Reveals How Authorized Push Payment Fraud Poses Threats for Consumers

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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

Banking Super App Douugh Teams Up with Pinwheel for Automated Direct Deposit Switching

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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

Digital Assets: Bitstamp Introduces Bitstamp as a Service in US Markets

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Bitstamp, which claims to be the world’s longest running crypto exchange, recently announced its “Bitstamp-as-a-Service,” or BSaaS, a fast, cost-effective, and “hassle-free” way for institutions “to enter the rapidly growing crypto market in the U.S.” The service will provide Fintechs and traditional financial institutions “with… Read More

Len Covello: CTO at Engage People Comments on Loyalty Rewards Landscape and Opportunity for Financial Institutions

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We recently connected with Len Covello, the CTO at Engage People, the loyalty network that enables program members to pay with points (PwP) directly at checkout. Covello talked about the ongoing growth of the loyalty rewards landscape and the opportunity for retailers and financial institutions…. Read More

Millions of UK Consumers Now at Risk of Fraud after “Ignoring” Bank Payment Warnings: Report

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Millions of UK bank account holders are “putting themselves at a much greater risk” of fraud by ignoring warnings provided by the Confirmation of Payee (CoP) service. This, according to research by Lloyds Bank. When sending funds online to someone that hasn’t been paid before,… Read More

UAE based Mashreq Bank Completes Transition of Payments Division into Wholly-Owned Subsidiary

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Mashreq Bank, a leading financial institution based in the United Arab Emirates, has completed the transition of its payments division into a wholly owned subsidiary, IDFAA Payment Services LLC, with a brand name NEOPAY, supported by Mashreq. NEOPAY, powered by Mashreq Bank, will reportedly leverage… Read More

Fintech Auto Link Appoints Bryan Clagett As Strategic Advisor

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Auto Link, a financial tech and marketing firm serving more than 175 financial institutions, has confirmed the appointment of Bryan Clagett as a strategic advisor to the company. Bryan’s appointment has been made as Auto Link, having self-funded its development and ongoing growth to-date, is… Read More

Nium Introduces Brokerage Payments Solution to Enable Quicker, Lower Cost Alternative to SWIFT Settlement

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Nium, an international firm focused on modern money movement, has introduced a new brokerage payments solution that provides financial institutions a quicker and more cost-effective method of “settling transactions to select U.S. brokerages enabling customers to easily invest in U.S. equities.” When compared to transactions… Read More

Online Lending Software Firm Blend Explains How its Solutions Help Banks Offer Comprehensive Digital Experiences

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Digital lending software provider Blend (NYSE:BLND) notes that the financial services sector is changing, and ensuring loyalty is “increasingly difficult.” Blend writes in a blog post that clients are now looking for all-digital experiences that are fast, easy, as well as more efficient. And they… Read More

Crypto, Blockchain Industry Report: Developers of CBDCs, NFTs, Virtual Currencies Should Prioritize Sustainability

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The blockchain sector saw some major changes during the past year, brought on by a “maturing” crypto ecosystem and the development of innovative technologies. American Fintech firm Ripple notes that it remained focused on better understanding and further analyzing this rapid “evolution” via primary and… Read More

PAI, a Firm Focused on ATM Portfolio Management Services, Acquires Texas based TouchPoint 21

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PAI, a company focused on ATM portfolio management tools and services, announced that it has acquired Texas-based TouchPoint 21, a firm specializing in ATM and cash management outsourcing for financial institutions. As mentioned in the update, the acquisition brings a proven managed service model to… Read More

Almost Half a Trillion Dollars Sent by Consumers, Businesses with Zelle Last Year

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Consumers and businesses reportedly sent 1.8 billion payments via the Zelle Network during 2021, an increase of 49% from a year prior, Early Warning Services, LLC, the network operator behind Zelle, confirmed on February 2, 2022. Those payments “totaled $490 billion, up 59%.” Al Ko,… Read More

Newgen Announces Integration with Factual Data for Seamless Access to Bureau Credit Info

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Newgen Software, an international provider of the NewgenONE Digital Transformation Platform, recently announced an integration of Newgen’s Commercial Loan Origination Software (CLOS) with Factual Data “for seamless access to the bureau credit information.” By leveraging Newgen’s CLOS, financial institutions can effectively automate their commercial lending process,… Read More

Zafin Acquires FINCAD to Support Growth and Provide Pricing and Analytics Solutions to Financial Institutions

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Zafin, the SaaS Cloud-native product and pricing platform for banking institutions and credit unions, announced that it has acquired FINCAD, a global firm focused on pricing and risk analytics of financial derivatives and fixed income products. By acquiring FINCAD, Zafin expands its product portfolio and… Read More

Mambu Partners with Volante Technologies to Support Cloud-Native Banking and Payments Modernization

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SaaS banking platform Mambu and an international provider of Cloud payments and financial messaging solutions, Volante Technologies, announced a collaboration to assist banks and lenders with streamlining their banking and payment infrastructures. The partnership should enable joint clients to “speed delivery of innovative payment products… Read More

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