Canadian credit union Vancity lays off 7% of workforce
The cuts, actioned by president and CEO Wellington Holbrook, have resulted in the loss of almost 200 positions.
BankingTech
The rise of instant payments: protecting consumers from criminals in 10 seconds
How can financial institutions strike a balance between speed and safety with instant payments?
Canada’s Haventree Bank partners Temenos for new core banking platform
Haventree serves the Canadian alternative mortgage sector through the broker network.
Raiffeisen Bank International opts for Surecomp’s collaborative trade finance platform
The Austrian bank will utilise RIVO to digitise its processes for guarantees and letters of credit.
Mirror, mirror on the wall, who has the best core of them all?
As the rate of change increases, a bank’s ability to adapt becomes even more important.
Washington’s Industrial Credit Union selects Mahalo Banking to enhance digital banking experience
The partnership seeks to “deliver an optimised member-centric experience”.
Brazil’s Nubank buys AI-powered data intelligence start-up Hyperplane
Nubank plans to harness Hyperplane’s AI expertise to enhance its core machine learning capabilities.
Frost Bank in Texas taps Finzly for instant payments
The San Antonio-based bank has deployed the vendor’s single API instant payments platform.
June 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories during June.
The day after the glitzy trade show is never a good day
If you want to participate in the future, you have to let go of the past.
Mashreq to roll out Flexcube core banking system across global operations
Flexcube will be implemented at Mashreq’s international hubs in Hong Kong, the US and the UK.
June 2024: Top five core banking stories of the month
FinTech Futures takes a look back at five of the top core banking stories of the month.
Canada’s Vancity taps Intellect Design Arena for digital engagement upgrade
Vancity has selected the vendor’s DEP and CBX solutions to digitise member engagement.
Bank Midwest launches new digital bank for US healthcare industry powered by Finastra
Bank Midwest says OnePlace.bank will be “a natural progression” of its OnePlace Capital division.
June 2024: Top five new fintech launches of the month
FinTech Futures takes a look back at five of the top new launches in June.
The consumer credit applications of open finance: a snapshot
Open finance has the potential to help consumers take control of their financial lives.
Video: BNY Mellon at FinovateSpring 2024 – Working with early-stage tech companies
Dexter Wilson of BNY Mellon discuses the process of collaborating with early-stage technology companies.
Video: Fremont Bank at FinovateSpring 2024 – Harnessing AI to augment a bank’s customer experience
Vivian Yeung from Fremont Bank chats about how AI has transformed the financial services sector.
BaaS fintech Unit to reduce workforce by 15%
The cuts are in response to “slower than expected revenue growth”.
DZ Bank partners Surecomp for collaborative trade finance platform
DZ Bank acts as a central bank to more than 700 cooperative banks in Germany.
Webinar | Watch on demand | Fintech rebound: Unveiling opportunities for 2024 and beyond
Join this free webinar to learn more about the opportunities arising in the fintech industry in 2024.
US Federal Reserve Board issues cease and desist order against Evolve Bank
The bank is alleged to have “engaged in unsafe and unsound banking practices”.
JP Morgan and WeRealize settle Viva Wallet lawsuit
The outcome “could allow Viva to be sold soon”, according to JP Morgan.
The future of fraud detection: how AI revolutionizes your bottom line
Building a proactive fraud shield with AI for unstoppable banking.
Video: Women in Payments at FinovateSpring 2024 – The obstacles women encounter when pursuing careers in fintech
Kristy Duncan from Women in Payments talks about barriers for women entering the fintech sector.
Video: OMB Bank at FinovateSpring 2024 – Open banking trends and how to retain a bank’s customers
OMB Bank’s Stephen Bishop sits down with FinTech Futures to discuss the facilitation of open banking.
BIS and Bank of England team up to evaluate synchronised settlement in FX transactions
The initiative is scheduled to commence towards the end of 2024.
Account takeover fraud: the definitive guide
Discover account takeover fraud techniques, impacts, and prevention strategies in this free definitive guide.
White paper: Deepfakes and identity – ensuring authenticity in a synthetic world
Learn about detection solutions and how to safeguard digital identities in this comprehensive white paper.
Merrick Bank partners Kompliant for digital merchant onboarding
The merchant acquirer is to utilise the vendor’s workflow automation tools.
Bendigo and Adelaide Bank partners MongoDB for core banking update with AI
The Aussie bank has deployed MongoDB’s Atlas solution.
Product innovation is the key to growth for banks
Banks have a significant opportunity to take advantage of the digital shift driven by the next generation of customers.
Moldindconbank taps Salt Edge for PSD2 compliance in Moldova
Moldindconbank is to leverage the vendor’s open banking compliance solution.
What would the Jetsons do?
We already live in the Future. It is here. It is the Present. It is fully formed and at times rather wonderful.
Former Temenos execs found GenAI banking tech start-up, yPilot
Based in Vancouver, Canada, yPilot says it “leads the way in AI innovation for banks and credit unions”.
Major financial institutions unite to address liquidity fragmentation threat of blockchain incompatibility
Deutsche Bank, Citi, Mastercard, Northern Trust and trade finance platform Centrifuge all contributed to the report.
US Bank taps Greenlight for family-focused money management tools
US Bank becomes the first financial institution to offer Greenlight through an embedded mobile app.
Alkami names former SVB exec Gagan Kanjlia as new chief product officer
Kanjlia previously spent 15 years at Capital One, holding several senior leadership positions.
A banking kiosk for a new era of banking
Despite the overall downward trend, a lot of cash is still being withdrawn and used in circulation.
State of play: Money20/20 Europe 2024
Money20/20 Europe was a glimpse into the progress that the fintech industry continues to make.
