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Tag: banking tech


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Where Banks Can Find Tech Talent

August 8, 2022

Via: Bank Director

Even as the labor market cools, the need for tech talent remains particularly acute. The problem for banks is that they compete not just with other banks, credit unions and financial technology companies for data scientists, software engineers and product […]


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. […]


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Why banks and fintechs need to be strategic with digital transformations

August 10, 2021

Via: FinTech Futures

In fact, IDC forecasts $6.8 trillion will be spent globally on DX by 2023, with 65% of the world’s GDP being digitalised by 2022. There are many reasons why DX shortfalls occur, painful lessons many in fintech know all too […]


Capital and Risk, Operational

Banks and bad actors: the race to digitally adapt

December 24, 2020

Via: FinTech Futures

Firms must start building on the lessons learned during the initial crisis if they are to survive the second wave, meaning customer experience and fraud should be working hand in hand right now for banking leaders. As an industry, banking […]


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If consumers welcome new payment options, why are they slow to adopt them?

November 18, 2020

Via: FinTech Futures

Consumers largely welcome a more diverse range of payment choices, but do not always take advantage of them when managing their money. These are some of the latest findings of the 2020 ING International Survey on new technologies which provides […]


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What trends will shake up the Banking Tech sector in 2020?

December 2, 2019

Via: Finextra

In the past year, we’ve seen technology play a huge part in shaping the banking industry landscape, from emerging fintechs to new solutions facilitated by Open Banking to the latest AI tools. With such progression happening throughout the sector, we […]


Activity, Corporate Banking

Citi partners Global Processing, PPRO to support new payments offering

October 29, 2019

Via: Banking Technology

The new solution – Spring by Citi – has been designed to offer institutional clients the chance to collect from a “wide range” of payment methods including cards, ewallets, instant payments, and open banking. Global Processing will provide its card […]


Capital and Risk, Operational, Retail Banking

Wells Fargo launches mobile “tap and pay” functionality at 5,000 ATMs

October 11, 2017

Via: Banking Technology

More than 5,000 ATMs of Wells Fargo (40% of its ATM network) now have near-field communication (NFC) enabled mobile wallet capability – i.e. the bank’s debit card customers can now “tap and pay”. The bank says it aims to upgrade […]


Activity, Investment Banking, Retail Banking

InComm to buy Serve platform, become exclusive Amex prepaid distributor

August 25, 2017

Via: Banking Technology

American Express and InComm have entered into an agreement for InComm to acquire the exclusive distribution rights of Amex’s prepaid reloadable and gift card products in the US, including Bluebird and Serve, reports Banking Technology‘s sister publication Paybefore. InComm also […]


Activity, Investment Banking

Where top European banks are investing in fintech – CB Insights

June 19, 2017

Via: Banking Technology

European banks are placing strategic bets in areas ranging from wealth management, lending, payments, regulatory technology, software, and blockchain, according to CB Insights. The research company analysed the private market fintech investment activity of the top European banks (including the investments […]


Activity, Investment Banking

SoftBank finally wows with $93bn investment fund

May 23, 2017

Via: Banking Technology

SoftBank has announced its first major close with $93 billion of committed capital, and the promise to hit $100 billion within six months, reports Telecoms.com. While it has been circulating in the news for some time now, it should be […]


Retail Banking

Credit card complaints in US on the rise – CFPB’s latest report

April 6, 2017

Via: Banking Technology

The federal agency’s latest month snapshot report highlight credit card complaints, of which 116,000 have reached the CFPB since July 2011. Credit card complaints account for 10% of all complaints received by the CFPB. Credit cards stand as the fourth-most-complained-about […]


Regulations

Wells Fargo settles account-scandal claims but runs afoul of federal regulator

March 30, 2017

Via: Banking Technology

Wells Fargo will pay $110 million to settle a class action lawsuit brought by US consumers over a scandal about fake accounts its employees set up for customers without their knowledge, writes Paybefore (Banking Technology‘s sister publication). But the trouble […]


Capital and Risk, Operational

Digital security requires a complex hybrid approach

November 10, 2016

Via: Banking Technology

In early June, Reuters disclosed that the US Federal Reserve had detected more that 50 cyber security breaches from 2011 through 2015. It should be noted that this may only represent a small fraction of the Fed’s total exposure during […]


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Driving traffic to online banking sites: top keywords

September 15, 2016

Via: Banking Technology

Online search is a vital source of traffic generating around 14% of traffic to global banking sites, according to digital market intelligence agency SimilarWeb. So what are the most searched keywords in the global online banking industry and who is […]


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Visa Inc completes acquisition of Visa Europe, appoints new board member    

June 21, 2016

Via: Banking Technology

Visa Inc and Visa Europe are united again. The combined company provides digital payment products, services and processing to about 17,100 financial institution clients and partners, 40+ million merchant outlets, and three billion Visa accounts worldwide. The company says its […]


Activity, Corporate Banking

New coalition to ensure fair banking software deals for community FIs

June 17, 2016

Via: Banking Technology

A new alliance of US community banks, credit unions and other financial institutions – Golden Contract Coalition (GCC) – launches to stand up to IT providers. GCC’s aim is to ensure fair market deals from the technology suppliers to its […]


Activity, Investment Banking

UBS invests in digital tech firm SigFig, develops new platform for advisors

May 17, 2016

Via: Banking Technology

UBS Wealth Management Americas (WMA) and tech company SigFig has formed a “strategic alliance” to develop digital technology for UBS WMA, its financial advisors and their clients. San Francisco-based SigFig specialises in wealth management software. It will create and customise […]


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Infographics: Video banking – it’s on

April 12, 2016

Via: Banking Technology

Video banking has finally reached inflection point, according to Efma and Vidyo Inc. The two companies have carried out the research, “which uncovered massive support for video banking among financial organisations worldwide”. Nearly 80% of all banks surveyed plan to […]


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Banks should aim for “optichannel” delivery and experience

April 11, 2016

Via: Banking Technology

Today’s consumers demand financial services to be as available, and delivered to them as seamlessly and ubiquitously as any transaction they have with Amazon. It is no longer just about improving customer service, but satisfying today’s hyper-connected consumer by delivering […]