Citi launches new digital commercial banking platform
Citi Commercial Bank (CCB) says the new platform has been created “in close collaboration” with its clients.
Citi Commercial Bank (CCB) says the new platform has been created “in close collaboration” with its clients.
The new seven-year agreement is to last until 31 March 2030.
The US payments platform is to cut 9% of its workforce by Q3 2023.
Flaws in its US and European payment systems meant that some declined transactions were wrongly refunded.
Apple is reportedly exploring a partnership with HDFC Bank in India to roll out a credit card offering.
Utilising Temenos’ core banking platform, BanCoppel aims to scale its operations and offer more banking services.
The transaction is expected to close by Q1 2024, subject to regulatory approvals and closing conditions.
The start-up has also secured a $150 million consumer lending program with banking partner Pathward.
Leavy joins the company following a decade-long stint at US financial services firm SEI.
Jana has gone live with the solution in an effort to streamline and automate its operational processes.
Christian Channell joins the cloud-native platform following a 25-year career at Goldman Sachs.
Cheqly’s services include business accounts, physical and virtual Visa cards, ACH payments and wire transfers.
Mascoma Bank will utilise VSoft’s Teller Deposit, Branch Deposit and ATM Deposit solutions.
Laser says the deal will help bring cross-asset post-trade capabilities to institutional digital asset investors.
Sources tell Reuters that FIS will keep a minority stake in the business if the deal goes through.
The petition was filed on 26 June and the final hearing on the case is expected on 28 July.
The company says the funding has fueled the growth of its Fintech Fraud DAO consortium, launched last fall.
The bank’s CEO says Avaloq’s solution will enable its clients to have “even more control over their assets”.
Socure has integrated Berbix’s tech to launch its new predictive document verification solution, DocV 3.0.
The credit union will utilise Apiture’s Consumer Banking and Business Banking solutions.
Founding members include Chesapeake Bank, Visa, Airbase, Blockchain.com, Alloy Labs Alliance, iLex, and Novo.
Accusoft’s VirtualViewer provides true cross-platform document support for Java-based applications.
The news marks Robinhood’s third round of layoffs since April 2022.
Cohere.io’s entire team, including CEO Yunyu Lin, will join Ramp as part of the deal.
Sources tell Bloomberg that the layoffs are currently ongoing as the bank looks to cut costs.
The solution is certified for FedNowSM, the Federal Reserve’s new instant payment offering launching in July 2023.
Heitsenrether will be responsible for leading the adoption of AI across the bank’s operations.
The transaction is expected to close soon following customary regulatory approvals.
The acquisition is expected to close in Q3 2023, subject to customary closing conditions.
The move marks Fortis’ first expansion outside the United States.
Google Cloud claims its AML AI solution helps increase risk detection and lower operational cost.
Merchants using Instant Pay will be able to accept instant online, mobile and in-store payments.
The bidding group is led by Jeff Leerink, SVB Securities’ CEO and founder.
The central bank plans to test Ripple’s CBDC platform in a controlled environment.
Citi will initially deploy Pismo’s cloud-based core solutions in the US market.
Blackbird.AI helps organisations detect and respond to threats that can cause reputational and financial harm.
Our weekly fintech round-up for you to get the latest funding news from around the world.
During the next three months, Payments Canada will review the risks identified in the delivery of the Real-Time Rail.
With the latest funding, Paro has raised $67 million to date.
It will use the funding to accelerate growth, expand into the US market, and to expand its team.