IncredibleBank selects Alloy for digital account opening tech
With Alloy, IncredibleBank has reduced new approval times “from 2-5 days to instant decisions”.
BankingTech
Banking tech news, resources and expert commentary.
BMO hires former JP Morgan exec Tony Sciarrino to lead US commercial bank
Sciarrino succeeds the role from Ray Whitacre, who stepped down in December.
Connecticut’s Bankwell Bank names Brian Merritt as new CTO
The new CTO previously led US neobank Seed up until 2019.
Patriot National Bancorp raises $50m as CEO David Lowery steps down
The raise involves issuing common stock and non-voting preferred stock to investors.
Nick Delikaris rejoins EquiLend as CPO
Delikaris has served intermittently on EquiLend’s board since 2019.
Have high street banks lost their squeeze?
Banks should think carefully about edge cases and have simple solutions as backups for when things go wrong.
Accelerating innovation in financial services with AI
98% of financial institutions surveyed globally are actively taking steps toward technological change.
White paper: How AI is propelling innovation in financial services
This free white paper examines key AI use cases in financial services and explores the challenges of AI implementation.
Capital Credit Union upgrades core system to Jack Henry’s Symitar solution
Capital’s CIO says the move will help the credit union “free up resources” and offer “competitive differentiators”.
Princeton Federal Credit Union goes live with Mahalo’s Thoughtful Banking platform
The digital banking platform has been integrated with the credit union’s Corelation Keystone core system.
Ham and eggs
Honesty and strategic intent about how we are measuring delivery against growth goals is key.
Verizon partners Santander Bank to launch digital savings accounts in the US
The savings accounts leverage Santander’s Openbank digital banking platform, which launched in the US last October.
Solutions that help protect your business and customers from fraud
Consumers are much more likely to answer calls if they trust who’s calling.
US lender SmartBiz completes Centrust Bank acquisition to form SmartBiz Bank
SmartBiz will now offer SBA loans and personalised financial guidance as SmartBiz Bank.
OakNorth set to acquire Michigan’s Community Unity Bank to fuel US expansion plans
CUB CEO Greg Wernette will lead OakNorth’s US banking division, launched in July 2023.
Critical third parties: best practices for supplier resilience
The introduction of the CTP regime marks an important step in enhancing the resilience of the financial sector.
Victor Dodig to step down as CIBC CEO, capital markets head Harry Culham named as successor
Dodig started with CIBC in 2005 and assumed leadership of the bank in September 2014.
Banking accelerated
Technology horizon planning must evolve into a continuous approach that integrates innovations in real time.
Neobank start-up Zolve raises $251m in mix of debt and equity
The raise reportedly includes $51 million in equity and a $200 million credit warehouse.
Cloud-based AI workflows for fraud prevention
Empowering financial institutions and fintechs to build, run, and scale AI solutions.
US BaaS fintech Synctera raises $15m after signing “largest customer to date”
E-commerce checkout fintech Bolt has made Synctera its new technology partner.
Life happens on a Tuesday
Can your strategy be executed alongside everything that needs to happen on an average Tuesday?
Mexican fintech Plata raises $160m in Series A funding round at $1.5bn valuation
Plata secured a Mexican banking licence in December 2024.
FTC data reveals US consumers lost $12.5bn to scams in 2024
Imposter scams were the “most commonly reported scam category” according to the FTC.
HSBC launches new e-commerce trade credit solutions with TreviPay
HSBC will use TreviPay’s order-to-cash technology to help businesses offer trade credit to buyers.
Nationwide upgrades credit decisioning with FICO’s cloud platform
Nationwide now utilises FICO’s solution to process around 1.5 million credit decisions monthly.
Brazil’s Nubank partners OpenAI to enhance internal efficiency and customer experience
Through the partnership, Nubank has launched AI assistants, an internal search engine, call centre co-pilots, and more.
Bank of Ireland taps Canada’s Surecomp for Trade Finance-as-a-Service solution
The bank is set to deploy Surecomp’s cloud-based DOKA-NG solution within its trade finance back office.
Valley National Bank bolsters leadership team with new CFO and president of commercial banking
Travis Lan has been named as CFO, while M&T’s Gino Martocci will head commercial banking.
Achieva Credit Union names Eric Jenkins as new CEO and president
Jenkins succeeds Gary Regoli, who is retiring after 17 years at Achieva.
Barclays reportedly nears deal to offload UK merchant acquiring business to Canada’s Brookfield
Sky News reported back in November that the two firms were in detailed discussions over a potential deal.
Finovifi acquires Modern Banking Systems to expand core banking capabilities
The acquisition of MBS follows Finovifi’s split from ThreatAdvice in December.
US-based WSFS Bank partners Greenlight for family financial literacy app
The partnership will provide the bank’s clients with access to Greenlight’s family finance and literacy app.
American Eagle Financial Credit Union taps Alkami for digital banking platform
The $2.5 billion-asset credit union has also picked Alkami Technology’s data and marketing solutions.
US-based FinWise Bank promotes president Jim Noone to CEO
Noone will take up the position alongside his current role as the bank’s president, which he has held since 2023.
The things that we carry
We are looking to the future and building the future, but we are still doggedly carrying all of the past with us.
Banking Technology Magazine March 2025 issue out now
Cover story: THE FUTURE IS NOW – Don’t let your imagination hold you back.
Oscar Roque named Beem Credit Union’s new chief product and innovation officer
Roque succeeds Sue Britton, who has acted as chief innovation officer since January 2024.
Missouri’s First Community Credit Union adopts Fiserv’s DNA core platform
Fiserv’s DNA core account processing platform will enable FCCU with real-time transaction processing.
US CFPB drops savings account lawsuit against Capital One
The CFPB has recently dismissed numerous lawsuits initiated under the Biden administration.
