Mambu Reveals Top Financial Trends Set to Shape the Industry in 2024
- 11 months 2 weeks ago
- Artificial Intelligence, Banking
Mambu, the
CFPB Orders Atlantic Union Bank to Pay $6.2 Million for Illegal Overdraft Fee Harvesting
- 11 months 2 weeks ago
- Banking
The Consumer Financial Protection Bureau (CFPB) today took action against Atlantic Union Bank for illegally enrolling thousands of customers in checking account overdraft programs. The CFPB found that Atlantic Union misled consumers who enrolled in this overdraft service by phone and failed to provide proper disclosures. The CFPB is ordering Atlantic Union to refund at least $5 million in illegal overdraft fees and pay a $1.2 million penalty to... more
HSBC Pioneers Quantum Protection for AI-powered FX Trading
- 11 months 3 weeks ago
- Banking
HSBC has become the first bank to pioneer quantum protection for AI-powered foreign exchange trading. As one of the world's largest foreign exchange providers, HSBC is leading the way in exploring how quantum cryptography can safeguard highly sensitive trading data against possible cyber threats as powerful as future quantum attacks.
Lucinity Estimates $27 Billion Annual Savings for Banks Through Generative AI Upskilling
- 11 months 3 weeks ago
- Artificial Intelligence, Banking
Lucinity, the leader in AI for financial crime prevention, estimates that the recent advancements in generative AI can save the banking industry $27 billion annually in training and staff costs. Generative AI has the potential to significantly enhance the skills of less-experienced workers, improve the quality of their output, and result in substantial cost savings for the banking sector.
Report Highlights Need for Banking Hubs as Million at Risk of No Local Branch
- 11 months 3 weeks ago
- Banking
Nearly a million customers across the UK are at risk of having no major bank branch in their local area within a matter of months, according to a new study on the state of banking in the UK.
Shawbrook Bank Turns to SAS Viya on Microsoft Azure
- 11 months 3 weeks ago
- Banking
Shawbrook Bank, expert providers of personal loans, residential and commercial mortgages, SME finance, and savings products, has implemented SAS® Viya® on Microsoft Azure to enhance its application of analytics, mitigate risk and better meet customers’ evolving needs.
GFT Partners with Engine by Starling to Help Banks Rapidly Modernise
- 11 months 3 weeks ago
- Banking
Starling Bank is working with GFT, the global digital transformation pioneer, as an implementation partner for its Software-as-a-Service business, Engine by Starling.
Bank of Commerce Selects Infosys Finacle Suite for its Core Banking Transformation
- 11 months 4 weeks ago
- Core Banking
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Bank of Commerce, an affiliate of San Miguel Corporation (SMC) group and one of the fast-growing universal banks in the Philippines, today announced the bank’s decision to select Infosys Finacle Suite for its core banking transformation.
Trade Ledger and 10x Banking Revolutionise Commercial Lending with Comprehensive Account Creation and Lending Solution
- 11 months 4 weeks ago
- Banking
B2B LendTech platform Trade Ledger and 10x Banking, the transformational cloud-native SaaS core banking platform, have partnered to offer banks and alternative l
Paydock and Commonwealth Bank of Australia Deliver Industry Leading Solution to Enhance the Payments Experience for Merchants
- 12 months 2 hours ago
- Banking
Paydock, the leading institutional payment orchestration platform, and Australia’s leading bank, Commonwealth Bank (CBA), have officially rolled out PowerBoard, an innovative payments offering that gives Australian merchants flexibility and
Majority of Banks Are Piloting Opportunities of Generative Ai - and Preparing for the Risks, According to New Industry Study
- 12 months 1 day ago
- Artificial Intelligence, Banking
UK Finance and global management consultancy Oliver Wyman today released their report on the use of AI in financial services (FS), and the future opportunities and risks for the sector. It includes a snapshot survey of 23 companies ranging from international to mid-size banks and non-banking FS firms.
AMLYZE and Plumery Forge Strategic Partnership, Revolutionizing Digital Banking Solutions
- 12 months 4 days ago
- Banking
AMLYZE, a leading RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, and Plumery, a 3rd generation digital banking solution provider, have joined forces in a groundbreaking partnership to reshape the landscape of financial technology.
Swiss Pioneer in Open Finance Kreditarbank Lenzburg AG Introduces Multi-banking with ndgit Munich – Lenzburg
- 12 months 4 days ago
- Banking
Hypothekarbank Lenzburg AG is one of the first of 40 Swiss banks to sign a “Memorandum of Understanding” to introduce multi-banking for its clients. The bank again relies on the open finance platform from ndgit, thanks to which it has already received various awards, such as the Fintech Innovation Award from the Swiss Competence Center Ecosystem and the EURO FINANCE TECH Awards 2017.
Trafalgar Will Launch New Mexican ‘Turbofintech' for SMEs Using Thought Machine’s Technology
- 12 months 4 days ago
- Core Banking
Trafalgar, a Mexico-based financial services provider for SMEs (regulated SOFIPO), today announces its partnership with Thought Machine, the cloud-native banking technology company, to create Mexico’s first fintech deployed on next-generation core technology. Trafalgar will use Thought Machine’s core banking platform, Vault Core, and develop a suite of additional financial services, including digital cards, POS systems, digital authentication,... more
Mashreq Partners with Visa and ecolytiq to Unveil MENA-first Personal Banking Platform Offering Carbon Emissions Insights
- 1 year 23 hours ago
- Banking
Mashreq, a leading financial institution in the MENA region, in partnership with Visa and ecolytiq, is announcing the roll out of its new climate banking platform to its nearly one million customers – a first of its kind product in both the UAE and in the MENA region overall.
