European fintech funding: Fintechs struggle with profitability
European fintech funding experienced a massive drop in funding and number of deals in the third quarter. While some fintechs had successful funding rounds in Q3, even those will find it difficult to be...
View ArticleTransactions: Alkami, Finastra, Temenos Q3 wins
Technology providers Alkami, Finastra and Temenos all brought on new financial institution customers in the third quarter as demand for cloud-based solutions and digital banking rose. “Digital banking...
View ArticlePodcast: FedNow or RTP? Maybe both
Financial institutions may consider which payment rails to integrate — whether RTP or FedNow — but the right answer might be both. “I recommend to financial institutions that if they’re going to just...
View ArticlePodcast: 3 technologies banks need now
Financial institutions are looking to grow deposits and increase customer loyalty as business clients look to diversify deposits and manage liquidity. Bottomline Technologies’ Chief Revenue Officer...
View ArticleTransactions: Citi TTS taps Icon Solutions for payments platform
Citi Treasury and Trade Solutions invested in payments fintech Icon Solutions last week to modernize its core payments capabilities and expand its payments offerings. Citi TTS, the transaction...
View Article5 questions with … Amex Digital Labs’ VP and head of partnerships
Stephanie Schultz, vice president and head of partnerships at Amex Digital Labs at American Express, is focused on building out digital client experiences as part of her innovation and product...
View ArticleFuture of finance: The digital wallet
The digital wallet is on its way to becoming the focus of financial well-being for consumers, and financial institutions can lead the charge with AI on their side. As it morphs into a financial tool...
View ArticleBECU rolls out same-day payments for dealers
BECU has rolled out same-day payments for its dealer partners as the credit union looks to increase funding speed as dealer cash flow remains squeezed amid elevated interest rates. The Tukwila,...
View ArticleMore than 200 FIs join RTP network in 2023
Financial institutions are looking to The Clearing House’s real-time payments network to grow deposits and offer instant gratification in their payments offerings. “It’s definitely been an...
View ArticleCredit Acceptance Corp. launches RTP with Citizens
Credit Acceptance Corp. went live Dec. 19 with real-time payments for its dealer base through a partnership with Citizens Financial Group. Dealers can receive payments six times per day, Monday...
View ArticleTop payments trends for 2024
Industry experts predict adoption of real-time payments as well as the increased use of FedNow and digital wallets in 2024 as consumer demand for instant payments continues to grow. “We are now...
View ArticleHSBC takes on Revolut, Wise with new Forex app for non-customers
HSBC Holdings Plc is set to debut an international payments app aimed at directly challenging the dominance of fintechs like Revolut and Wise Plc that have gathered tens of millions of retail customers...
View ArticleFintech funding: Citi’s 2024 investment outlook
Citi plans to invest in payments, liquidity, trade finance and security services fintechs in 2024 despite ongoing changing macroeconomic conditions, Bis Chatterjee, head of partnerships and innovation...
View ArticleCitizens Pay’s innovation pipeline 2024
Citizens Financial Group’s Citizens Pay is developing a new product offering to further enhance the platform’s ability to facilitate secure transactions as demand for contactless payments and digital...
View ArticleBank of America adds data insights to CashPro
Bank of America added data insights to its CashPro platform as corporate and commercial clients asked for real-time treasury management functionality. CashPro is Bank of America’s global digital...
View ArticleU.S. Bank tech spend up 12% to $513M
U.S. Bank made digital and operational investments during the fourth quarter as it focused on modernizing payments and technology. The $668 billion, Minneapolis, Minn. bank spent $513 million on...
View ArticleFintech Klarna CEO signals IPO in U.S. may happen ‘quite soon’
Klarna Bank AB, the Swedish fintech that was once Europe’s most valuable startup, may soon launch a stock market listing in the US, according to Chief Executive Officer Sebastian Siemiatkowski. “It’s...
View ArticleSynchrony to expand payments offerings, operations in 2024
Synchrony Financial is expanding its distribution network through acquisition and additional product offerings in 2024. The Stamford, Conn.-based company “continued to diversify our programs in 2023,...
View ArticleTransactions: Mastercard, The Clearing House extend RTP collaboration
Mastercard extended its collaboration with The Clearing House today to allow customers and businesses to use real-time payments. Mastercard will be the exclusive instant payments software provider...
View ArticleVisa teams up with Meta for P2P payments
Visa extended partnerships and made new connections during its fiscal first quarter as it looked to expand its reach, develop new use cases for its offerings and push its peer-to-peer payments...
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