KeyBank, Associated Bank, Brex join BI Build speaker faculty
Top executives from KeyBank, Associated Bank and Brex are slated to speak at the Bank Innovation Build digital event on Sept. 9-10. Taking the virtual stage will be Stephen Schroth, head of digital...
View ArticleZelle pushes into business payments, eyes expansion into consumer-to-business...
Zelle is getting down to business. Peer-to-peer payments network Zelle is looking to expand its business-to-consumer offering to service corporate customers turning to Zelle to disburse consumer...
View ArticleWirecard flourished in regulatory blind spot that’s growing
Wirecard AG’s collapse displayed a growing blind spot for the guardians of the world’s financial system: how do you regulate a firm that acts like bank, but isn’t really a bank? For years, Germany’s...
View ArticleBanking Automation Summit unveils virtual event format
Bank Innovation is proud to announce the Banking Automation Summit 2020 virtual experience on Nov. 9-10, an event designed to provide industry professionals the insights, strategies and best practices...
View ArticleBanks eye savings as businesses automate payments
More businesses are turning to automated payments, a shift that is streamlining banks’ manual workflows to process their commercial clients’ accounts payable (AP), according to a recent report by...
View ArticleClick to Pay expanding to new markets in staggered approach
Mastercard, American Express, Visa and Discover are beginning preparations to expand Click to Pay online checkout, a joint venture between the institutions to create a one-click payment method for...
View ArticleWeekly Wrap: Zelle pushes into business payments and banks adopt fusion centers
Zelle is moving beyond peer-to-peer and pushing into business-to-consumer territory. “Not only we, at Wells Fargo, but Early Warning and its network banks have seen a significant increase in businesses...
View ArticleMobiquity ranks bank app pain points
Fees and card management are the biggest pain points consumers have with banks’ mobile apps, according to a COVID-19 Friction Report just out from digital consultancy Mobiquity. Banking app reviews...
View ArticleMarqeta bolsters verifications amid rising fraud
Marqeta, a card-issuing company that works with Affirm, Instacart and DoorDash, is working on a new product to combat digital fraud amid a reported 238% surge in cyberattacks on banks, according to a...
View ArticleAfterpay moves into US brick-and-mortar retail
Afterpay is heading into brick-and-mortar stores in the United States. The Australian point-of-sale lending company, which launched online in the U.S. in 2018, announced the expansion into physical...
View ArticleVisa, ChargeAfter launch installment loan pilot in the U.S.
Visa and point-of-sale lending technology startup ChargeAfter announced yesterday a pilot of their installment loan solution for select merchants in the United States. “Our collaboration with Visa is a...
View ArticleWeekly Wrap: Credit unions choose core startup and POS lending stays hot
Credit unions are rejecting some of the big core providers and instead choosing startups to overhaul their technology. Royal Oak, Mich.-based banking software company Bankjoy has grown its customer...
View ArticleUtah: The fintech frontier
Fintechs looking to expand beyond their Bay Area or New York City headquarters have welcomed an unlikely visitor in recent years: Utah Gov. Gary Herbert. “The governor is a great salesperson,” said...
View ArticleTemenos: AI will separate winners and losers, eventually
There are critical hurdles to clear before banks are able to unlock the potential of artificial intelligence, according to fresh data from Temenos and the Economist Intelligence Unit. “Artificial...
View ArticleBank of America Zelle numbers hit $32B in Q2
Bank of America’s customers continue to gravitate toward Zelle. The bank announced on its earnings call last week its customers sent $32 billion through the peer-to-peer payments tool during the second...
View ArticleAmEx joins crowded field with new AP automation tool
After acquiring digital payments platform Acompay, American Express has launched its first automated accounts payable solution, AmEx announced last week. The announcement of American Express One AP, as...
View ArticleRoyal Bank of Canada, First National Bank of Omaha join BI Build speaker faculty
Top executives from Royal Bank of Canada and First National Bank of Omaha are slated to speak at the Bank Innovation Build digital event on Sept. 9-10. Taking the virtual stage will be Rami Thabet,...
View ArticleWatch: Chris Tremont on Radius Bank’s tech roadmap
Radius Bank reaches a national customer base through its digital channels and powers banking services for fintechs like Brex and NorthOne. It’s a business plan the former community bank, which was...
View ArticleHas banking lost its CX edge?
The financial services industry has taken a hit in the eyes of consumers, according to Sitel Group’s COVID-19: the CX Impact study. Before the pandemic, 27% of consumers rated the banking and financial...
View ArticleAmazon’s banking efforts ‘should worry traditional incumbents’
Banks should be paying attention as Amazon continues to experiment in payments, insurance, cash deposits and lending, according to CB Insights’ “Everything You Need to Know About What Amazon Is Doing...
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