Former TD Bank exec Michael Rhodes appointed as new CEO and president of Discover Financial Services
Rhodes succeeds former CEO and president Roger Hochschild, who stepped down with immediate effect in August.
BankingTech
Banking Technology Magazine Dec 2023 / Jan 2024 issue out now
Cover story: THE BEST OF BANKING TECH – Winners and pictures from an amazing night.
Report: Trends in technology for the wealth management community
Delving into the wealth management industry issues, competing priorities, budget, expertise and culture – now and in the future.
Elemi Bank applies to FDIC and seeks $25m in capital to launch corporate offering
The bank is expected to establish itself as a state-chartered, corporate bank with a B2B offering.
US OCC highlights key risks to federal banking system in latest report
The report also covers the current market, credit and compliance risks being faced by FIs.
Building a world for the 99%
We have the technology to create a more supportive ecosystem for millions of SMEs worldwide.
The perspective on AI from Abu Dhabi Finance Week 2023
I truly believe that 2024 is the year that GenAI goes from talk to action.
And sometimes… less is just less
Doing more with less often reaches a point where it is no longer possible.
Canadian regulator fines RBC $5.5m for “administrative violations” of its AML rules
FINTRAC says it uncovered three administrative violations by RBC during an examination last year.
The future of financial wellness: banks need to do more to support Gen Z in 2024
Gen Z is facing the bleakest financial outlook of any generation for the last century.
IDB Invest and IFC team up to launch the Amazon Finance Network
The global network aims to boost the economic development of the Amazon region.
Credit Union 1 migrates core to Jack Henry’s Symitar platform
Jack Henry says its open banking infrastructure was the decisive factor for CU1 to migrate its core.
Valley Bank CIO Stuart Cook leaves to join start-up True Digital Network as CEO
Cook previously served as chief innovation officer at Valley National Bank for 11 months.
Congratulations to the winners of the Banking Tech Awards 2023
Check out the winners and highly commended from the 24th annual Banking Tech Awards ceremony.
Why AI won’t solve legacy problems
Not every problem is a nail that needs a hammer when it comes to AI.
The ‘Boots’ theory of socioeconomic unfairness
The people who need fair credit products the most may not have access. That’s economic unfairness.
Apple’s partnership with Goldman Sachs is reportedly nearing its end
Apple has reportedly proposed ending its partnership with Goldman Sachs within the next 12 to 15 months.
State of play: GenAI in financial services
Generative AI is currently in the ‘experimental phase’ in the financial services industry.
HSBC appoints CEO and COO for new embedded finance JV
HSBC executives Vinay Mendonca and Shehan Silva have been appointed as CEO and COO of the new JV, respectively.
Codebase launches BaaS solution in Egypt with Visa and eFinance
The BaaS model will enable Egypt’s non-bank firms to integrate banking services into their product lines.
JP Morgan receives approval from ADGM to upgrade licence, plots UAE expansion
The US banking giant is aiming to boost its presence and service offerings in the UAE.
Jack Henry’s president of bank solutions, Stacey Zengel, to retire in 2024
A longstanding company executive, Zengel has worked with Jack Henry for the last 24 years.
Are we AI ready?
As we continue to layer AI technology into our day-to-day lives, the risks continue to multiply.
Mexican fintech start-up Trafalgar taps Thought Machine for core banking technology
Trafalagar plans to launch its new platform, running on Vault Core, in Q2 2024.
This can’t be right
The only way to support people who need money is to give them fair, affordable and speedy access to it.
Blue Ridge Bank set to trim BaaS fintech partnerships down to a “limited number”
The bank was flagged by the OCC last year for “unsafe or unsound” practices concerning its BaaS business.
Scottish challenger Alba Bank taps nCino to power SME lending
The SME-focused challenger landed its UK banking licence with the FCA and PRA in March.
US challenger HMBradley winds down consumer business, eyes B2B space
“Our consumer brand growth was falling short of our goals,” says HMBradley CEO and co-founder Zach Brunke.
Google parent company Alphabet in talks to seize major stake in UK challenger Monzo
Monzo could close its latest round of funding before the end of the year as it eyes up a potential IPO.
Driving competitive advantage in financial services with UX research
The role of UX is to be the voice of the customer in the journey of transformation and solution discovery.
US digital bank Green Dot appoints SVP Dave Harden as new CTO
Harden has served as the bank’s SVP of product development since February 2022.
The irony of incumbent core banking vendors
Incumbent core banking vendors have become the very thing they have been selling banks to replace.
Skin in the game
An organisation that lives by its values is worth more than gold.
MDT appoints Dan Schneider as CPO and Greg Lanigan as CIO in C-suite shake-up
Tracie Loudermilk has also been appointed to the role of vice president of project and consulting solutions.
Moneythor launches Customer Activation Management platform
Moneythor’s Customer Activation Management aims to help banks achieve long-term customer profitability.
Report: Increasing new customer acquisition and engagement in digital banking
The findings and analysis of a survey to identify key issues around new customer acquisition in digital banking.
Customers Bank taps Funding Circle for Lending-as-a-Service platform
The bank says the platform will enable it to deliver “affordable term loans” directly to its SMB customers.
Regulators should greenlight more M&A among banks and fintechs to avoid bankruptcies
Consolidation and M&As can create an environment where dynamic regional banking ecosystems can flourish.
AI, BaaS and identity: Inside day one of the Fintech Talents Festival
Hosted at The Brewery, London, the festival has this year attracted over 2,000 delegates and 400 speakers.
Demystify Podcast: Demystifying embedded banking success with Chris Dean and Chris Tremont
Grasshopper and Treasury Prime are thriving at a time when so many neobanks and BaaS providers are struggling.
