FinTech Futures: Top five stories of the week – 21 July 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Credit Union
The US Federal Reserve launches new instant payments system FedNow
FedNow operates in parallel with the Federal Reserve’s existing payment services, Fedwire and FedACH.
Stanford Federal Credit Union overhauls digital engagement through Agent IQ partnership
The partnership will see Stanford FCU leverage Agent IQ’s digital engagement platform Lynq.
Corelation signs three more credit unions for core processing
All three are preparing their organisations for future growth with higher member engagement.
IC Credit Union selects Alkami for tech stack modernisation
The credit union intends to create a modernised user experience for its 37,000-strong member base.
James Dixon named as new Allied Payment Network CISO
Dixon intends to “ensure fast and secure payments” and bolster Allied’s information security practices.
State Employees Credit Union taps Apiture for digital banking upgrade
The credit union will utilise Apiture’s Consumer Banking and Business Banking solutions.
Video: MSUFCU at FinovateSpring 2023 – Boosting financial inclusion in the US
We chat with MSUFCU’s Ben Maxim about how banks across the US can do more to tackle the wealth gap.
Congratulations to the Banking Tech Awards USA 2023 winners!
Take a look at the 2023 Banking Tech Awards USA well-deserved winners.
Platinum Federal Credit Union taps Jack Henry for Symitar platform
The Symitar platform will allow PFCU to offer business payment services including ACH and wire transfers.
Akuvo inks partnerships with seven credit unions in the US
Together, these credit unions serve 747,388 members and represent $20 billion in assets.
US banking tech provider Nymbus bags $70m Series D funding
With the funding, Nymbus plans to expand and advance its core banking system, and diversify its product portfolio.
Credit union North Carolina SECU selects NCR for digital banking upgrade
Using NCR Digital Banking, SECU will be able to upgrade its mobile and online banking capabilities.
What the FinTech? | S.4 Episode 7 | Banking Tech Awards USA 2023 special
In this podcast episode, we’re joined by Locality Bank’s Keith Costello to discuss the Banking Tech Awards USA.
Peter Major joins MDT in newly created VP of fintech services role
Major previously spent more than 15 years with banking tech firm Jack Henry.
US core banking tech provider Corelation signs two new clients in Hawaii
Corelation has signed Hawaii Community FCU and Pearl Hawaii FCU as its new clients.
Georgia United Credit Union taps Jack Henry for digital banking platform
The scalable platform is built on an open-API infrastructure, allowing the credit union to customise features.
Is there a future for credit unions and building societies?
With the finite resources of a small bank, credit union or building society, the future could be daunting.
Utah’s Mountain America Credit Union taps Corelation for KeyStone core
Corelation says the deal is “significant” for the company due to the size of Mountain America Credit Union.
Kennebec Savings Bank taps Alkami for digital banking platform
The Alkami platform will provide a “consistent” user experience for Kennebec business customers.
US credit union Golden 1 taps AML RightSource to strengthen transaction monitoring
AML RightSource’s tech will automate Golden 1’s transaction monitoring investigations and reporting.
Finastra reportedly looking to sell banking business
Finastra is understood to be exploring the sale of its banking portfolio for as much as $7 billion.
United Heritage Credit Union taps NCR for ATM-as-a-Service solution
The credit union will have access to the full suite of ATM capabilities offered by NCR’s ATMaaS solution.
US fintechs Core10 and Union Credit secure funding
Two fintech companies in the US – Core10 and Union Credit – have reported funding this week.
Allied Payment Network appoints Kathi Klawitter as COO
Kathi Klawitter joins Allied Payment Network from banking and payments tech heavyweight Fiserv.
L&N Federal Credit Union taps Jack Henry for tech upgrade
With Jack Henry’s tech, L&N FCU plans to continue expanding its services while maintaining its “hyper-local approach”.
Getting banked: financial services and the US cannabis industry
We chat with Michael Beird of Infused Banking about how banking is changing for US cannabis businesses.
Wellington Holbrook steps down as CEO of Connect First Credit Union
Holbrook first joined the firm as COO in 2020 and was made CEO in February this year.
Shoreline Credit Union partners VizyPay for small business payment services
Shoreline Credit Union will refer its commercial members to VizyPay for specialised payments solutions.
First Tech Federal Credit Union taps Pegasystems for unified CRM
Pega’s CRM platform will consolidate four different back-office systems at First Tech FCU.
Finalytics.ai helps Visions Federal Credit Union “humanise” digital experiences
The Finalytics.ai digital experience platform increased conversion rates more than 270% at Visions FCU.
Mahalo tapped by Rocky Mountain Credit Union for digital banking upgrade
Mahalo’s banking platform will integrate various customer channels with the credit union’s core.
Banking Tech Awards USA 2022 Winners Supplement out now
People, projects & products that demonstrated stellar results, genuine innovation and had a tangible impact.
Digital banking tech provider Bankjoy signs up UMe Credit Union
UMe members will be able to access Bankjoy’s digital banking platform, including mobile and online banking.
Banking Tech Awards 2022 – nomination deadline extended
The deadline for nominations for the Banking Tech Awards 2022 is now Friday 19 August.
Payments veteran Steve Ledford retires, leaves The Clearing House
The self-described “payments nerd” says he is leaving the payments industry after 41 years.
Credit union tech provider Mahalo Banking raises $20m
Mahalo Banking provides online and mobile banking solutions for credit unions.
Less than two weeks until nomination deadline for Banking Tech Awards 2022
The deadline for nominations for the Banking Tech Awards 2022 is Friday 22 July.
Credit unions comms platform Eltropy acquires video banking tech firm POPi/o
Together, Eltropy and POPi/o serve more than 400 credit unions in the US.
Allegacy FCU taps enterprise tech provider NCR for data analytics solution
Allegacy FCU says partnership will “make data actionable, unlock predictive insights and drive innovation”.
