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Category: Operational


Capital and Risk, Operational

4 Keys Banks Need to Unlock Value From Artificial Intelligence

November 15, 2022

Via: Bank Director

Banks of all sizes are tuning up their technology to better compete for customer loyalty by focusing on areas involving consumer interactions. But bank leaders need to understand that artificial intelligence, or AI, alone can’t revolutionize the customer experience. In […]


Capital and Risk, Operational, Regulations

Banking-as-a-service grows as regulators play catch-up

October 25, 2022

Via: Banking Dive

Banks’ relationships with fintechs, particularly banking-as-a-service (BaaS) arrangements, have garnered increased attention among regulators and lawmakers in recent months. BaaS, a business model that allows fintechs and corporations without a charter to offer their customers financial services by using the […]


Capital and Risk, Operational

‘Financial Hacking’ Plagues DeFi in Latest Setback for Crypto

October 20, 2022

Via: Insurance Journal

Decentralized finance, the once red-hot slice of the crypto universe that was at the center of this year’s collapse of the digital-asset world, is facing a rapidly increasing new challenge: financial hacking. After being plagued for years by hackers seeking […]


Capital and Risk, Operational

Deutsche Bank partners Fiserv to launch SME payments and banking solution Vert

October 17, 2022

Via: FinTech Futures

Vert is the only German provider that combines the two payment and banking services, “meeting market demand” for an integrated offering, Deutsche Bank says. The new platform also offers next-day banking-day pay outs, providing merchants with faster access to their […]


Capital and Risk, Operational

HSBC turns to Trade Ledger for digital receivables finance capability

October 12, 2022

Via: FinTech Futures

The bank says customers can now transfer data directly through an API from their accounting software package “with a few clicks”, and they also have the option to upload their data through a user interface (UI). Digital RF automatically generates […]


Capital and Risk, Operational

What to Consider as Regulators Scrutinize Bank-Fintech Partnerships

October 10, 2022

Via: Bank Director

Fintech partnerships, specifically banking as service arrangements, are changing the risk profile at community banks and require heightened risk management from executives and the board. Banking as a service has evolved from the niche domain of certain community banks to […]


Capital and Risk, Operational, Trading

JP Morgan partners AI/ML platform Cleareye to digitise trade finance operations

September 22, 2022

Via: FinTech Futures

The new “global strategic alliance” will see Cleareye work with JP Morgan’s Trade and Working Capital Group, leveraging the former’s digital solution ClearTrade to simplify the due diligence processing associated with trade finance transactions and related physical documents. Over the […]


Capital and Risk, Operational

Revolut falls victim to “highly targeted” cyber-attack

September 21, 2022

Via: FinTech Futures

In an e-mail to affected customers, the fintech says that while their money is safe and no card details, PINs or passwords were accessed, some individuals may be vulnerable to fraud and phishing attacks. A Revolut spokesperson says: “Revolut recently […]


Capital and Risk, Operational

How Banks Can Benefit From Adopting Automation for Month-End Close

August 16, 2022

Via: Bank Director

The finance industry is no exception when it comes to the general shift toward automation in daily life. Automation is a powerful tool that eliminates repetitive manual processes, whether it’s to improving the bottom line by increasing productivity and output […]


Capital and Risk, Operational

How can banks protect the new breed of fraud victims?

August 1, 2022

Via: FinTech Futures

Long gone are the days of going into a branch for our everyday banking needs, with everything from online banking and buy now, pay later (BNPL) services to cashless and contactless payments soaring in popularity. Last year alone, 93% of […]


Capital and Risk, Operational

‘Cryptojacking’ Attacks on Financial Firms Surged in First Half

July 27, 2022

Via: Insurance Journal

Hackers are increasingly targeting financial firms such as banks and trading houses with attacks designed to use their computer systems to mine cryptocurrencies, according to cybersecurity firm SonicWall. The number of so-called cryptojacking attacks on financial companies more than tripled […]


Capital and Risk, Operational

Top 8 Uses Of Data Analytics In Accounting And Finance

July 19, 2022

Via: TechBullion

Over the last couple of decades, data analytics has become the ultimate business dialect for better decision-making, with organizations integrating some form of data science into their business operations. And the finance and accounting niches are no exception. However, the […]


Capital and Risk, Operational

Equitable Bank will be first cloud-only bank with Microsoft Azure as its preferred cloud vendor

July 12, 2022

Via: PR Newswire

Equitable Bank, Canada’s Challenger Bank™, has announced a new three-year strategic acceleration with Microsoft Azure as its preferred cloud platform. This will enable Equitable to continue delivering award-winning cloud-based banking services to over 340,000 customers across the country. “We will […]


Capital and Risk, Channels, Operational

Why central banks need to engage the private sector on CBDCs

July 11, 2022

Via: FinTech Futures

As more governments consider launching a central bank digital currency (CBDC), they face many important questions: Why create a digital dollar, euro, or rupee? What technology best fits that purpose? How might a CBDC affect competition in the market? Policymakers […]


Capital and Risk, Operational

KPMG and Microsoft partner to deliver cloud-based tax technologies

June 23, 2022

Via: FinTech Futures

The collaboration aims to aid companies and their operations through AI, machine learning, automation and data and analytics applications on the KPMG proprietary Digital Gateway platform, enabled by the Microsoft Azure cloud. The companies say that the investment in new […]


Capital and Risk, Operational

Breach at Flagstar Bank impacts more than 1.5M customers

June 22, 2022

Via: Banking Dive

Flagstar said it has no evidence that any of the information obtained in the breach has been misused. The bank has hired the global consultant Kroll in the aftermath of the breach. “Nevertheless, out of an abundance of caution we […]


Capital and Risk, Operational

Swiss cantonal bank BLKB turns to NetGuardians to fight payment fraud

June 9, 2022

Via: FinTech Futures

BLKB selected NetGuardians’ fraud mitigation software and plans to go live with it in H2 this year. “Everything we do is for our customers,” states Christoph Schaer, chief operating officer (COO) at BLKB. “By working with NetGuardians we will be […]


Capital and Risk, Operational

What AI can do for Crypto Trading

June 6, 2022

Via: TechBullion

The announcement by Fidelity that it will provide 401K asset management services for Bitcoin is just the latest sign of crypto becoming a mainstream asset. Now, the question for investors is how to approach this immature and extremely volatile market. […]


Capital and Risk, Operational, Regulations

NY Department of Financial Services Releases Guidance for Use of Blockchain Analytics by Virtual Currency Entities

June 6, 2022

Via: JD Supra

The New York State Department of Financial Services (NYDFS) recently issued guidance on the use of blockchain analytics for all virtual currency businesses that either have a BitLicense or are chartered as limited purpose trust companies under the New York […]


Capital and Risk, Operational

Open finance is the future of banking

May 16, 2022

Via: American Banker

The global COVID-19 pandemic has shone a floodlight on financial vulnerabilities and the stress they cause for families. A recent survey shows that only 22% of Americans give themselves high scores on their own financial wellness. This is a failing […]