Category: Business banking

Business banking, Products

Wells Fargo under fire from USAA over remote deposit capture patent

June 11, 2018

Via: Banking Technology

The United Services Automobile Association (USAA) is suing on grounds of intellectual property charges for unspecified damages, over USAA’s remote deposit capture patents. San Antonio-based USAA claims to have invented such tech, and thus started demanding licensing fees from banks […]

Business banking, Products

BNY Mellon and Deutsche Bank launch co-developed chatbot for traders

June 4, 2018

Via: Banking Technology

The jointly developed chatbot-to-chatbot communication solution replaces manual responses to status updates on customers’ securities trades on the messaging platform Symphony. For references, processes that used to previously take up to three minutes for a single trade will now be […]

Business banking, Products

Five Benefits to Automating the Credit Process

May 29, 2018

Via: Bank Director

Automation is a common buzzword these days in the financial services industry. What does it really mean for your business, and how far can you take automation through your credit origination process? We have compiled the top five benefits of […]

Business banking, Products

PayPal and Google Pay deepen payments relationship

May 25, 2018

Via: Banking Technology

Bill Ready, COO and EVP, PayPal, says it already partners with Google for its shared users to pay via PayPal in-store, online and in-app with Google Pay and on Chrome mobile web. They are now extending that partnership to offer […]

Business banking, Channels, Products

Crypto Company Launches App Aimed to Replace Visa Mastercard Payments

May 21, 2018

Via: PR Newswire

CHARLESTOWN, St. Kitts and Nevis, May 21, 2018 /PRNewswire/ — MF Chain offers a solution that first solves for a great number of issues in commerce, by leveraging merchant payment integration to unite users, merchants and innovators MF Chain is […]

Business banking, Products

US tech firms form alliance to drive bank data sharing

May 18, 2018

Via: Finextra

The three have united to develop the Secure Open Data Access (SODA) framework, a set of consumer-centric principles for data access and financial data security to promote transparency, traceability and accountability in the financial services ecosystem. The joint principles identify […]

Business banking, Products, Regulations

Why Tax Reform Changes Nothing — and Everything

May 14, 2018

Via: Strategy Business

Companies in the U.S. were already sitting on piles of cash before tax reform passed in December 2017. Now, with a strengthening global economy and a tax overhaul that lowers the corporate tax rate from 35 to 21 percent and […]

Business banking, Products

Robinhood overthrows E-trade in user numbers, announces $5.6 billion valuation

May 10, 2018


Stock trading app Robinhood has beat its rival E-trade when it comes to users, doubling the number of accounts in the past year. The start-up now has 4 million brokerage accounts on its platform. On Thursday it announced a $363 […]

Business banking, Products

JP Morgan Chase to patent blockchain-based interbank payments tech

May 4, 2018

Via: Banking Technology

JP Morgan Chase has filed an application to the US Patent and Trademark Office to patent an interbank payments system based on the distributed ledger technology (DLT). The proposed system will record transactions using a peer-to-peer (P2P) network – creating […]

Business banking, Products

Goldman Sachs to open crypto-trading desk

May 3, 2018

Via: Market Watch

The push for widespread adoption of cryptocurrencies got a boost Wednesday when U.S. investment bank Goldman Sachs Group GS, -1.80% announced it would be opening a cryptocurrency trading desk. In an interview with the NY Times, Goldman executive Rana Yared, […]