Comerica Bank & Trust reaches formal agreement with US OCC over enforcement action
The OCC has ordered the bank to create a compliance committee as part of the action.
The OCC has ordered the bank to create a compliance committee as part of the action.
The new bank says it plans to start lending “later this year”.
Geidea has been selected to enhance the offering by integrating a merchant acquiring facility.
FinTech Futures takes a look back at five of the top core banking stories of the month.
The bank claims to have migrated “over 200,000” customer accounts to the new cloud-based platform.
North America’s sixth-largest commercial bank has tapped the platform to “detect more early warning signs” in lending.
How can credit unions leverage AI to help boost deposits and improve loan growth?
The deal will see CR2’s BankWorld platform combined with HPS’ PowerCard suite.
The deal is expected to close in Q1 2025 pending regulatory approvals.
N26 says it has implemented “numerous measures to further improve reporting processes” since 2022.
Stanbic Bank Kenya first went live with Temenos’ core banking tech in 2010.
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Finastra says the move will enable LGT to meet the EU instant payments regulatory timeline.
FinovateSpring 2024 concluded on Thursday after a day filled with thought-provoking panels and keynotes.
The $483 million-asset credit union is also making use of Tyfone’s Skip-a-Pay and Quick Pay solutions.
UK start-up Sunshine+Kittens is launching a new offering for children designed to help boost financial literacy.
The successful upgrade has launched “a new chapter in banking at Arab National Bank”, says CIO Naif Alharbi.
BBVA has begun deploying 3,000 ChatGPT Enterprise licenses among its employees in Spain.
Kuwait-based Burgan Bank will replace its legacy tech with the TCS Bancs integrated core banking system.
Koc Group has held a stake in the Istanbul-based full-service bank since 2005.
In addition to the funding, the platform has also announced Abhi Pabba as its new chief risk officer.
FinovateSpring 2024 sustained its momentum over day two with a line-up of informative debates and keynotes.
Inefficient and inadequate systems and standardised processes are the reality within every bank.
Mercado Pago GM Pedro Rivas says the firm’s ambition is to become “the largest 100% digital bank in Mexico”.
The total penalty consists of a £33,880,000 fine from the PRA and a £27,766,200 fine from the FCA.
EFG Hermes has also signed an MoU with Kenzi to enhance its EFG Hermes One trading platform.
Industry leaders convened in San Francisco on Tuesday to kick off FinovateSpring 2024.
Fideuram first made a $20 million investment in Alpian back in 2022.
The bank’s CEO says the partnership will deliver “secure and adaptable financial tools” to consumers.
Chetwood states that the purchase will complement its forthcoming ModaMortgages proposition.
The investment aims to “help connect young people and underserved communities to economic opportunities”.
The bank projects that the new investment will allow it to increase its lending to £500m over the next year.
The Malaysian bank plans to launch a digital Islamic banking super-app “by the end of the year”.
Neuflize Vie was founded in 1990 as part of a joint venture between AXA and ABN Amro.
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Cache Valley Bank also plans to migrate all on-premises software to the cloud over time.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The tool aims to help small businesses comply with the UK’s upcoming Making Tax Digital initiative.
Lydia says it plans to pump over €100 million into Sumeria over the next three years.
The bank has also tapped Temenos’ US Model Bank to “meet the unique business needs of the US market”.