The collaboration between Wysh Life and Health Insurance Company and Jack Henry & Associates stands as a testament to the power of fintech partnerships in enhancing financial protection for credit union members. By embedding Wysh’s Life Benefit product into Jack Henry’s extensive digital banking platform, the partnership aims to bring significant advantages to community and regional financial institutions while promoting
The subject of traditional banks and embedded finance has long been seen as a battleground of old versus new. Embedded finance, the practice of integrating financial services into nonfinancial platforms, is shaking up the financial services industry. This growing market is transforming how businesses and consumers interact with financial products. The potential for embedded finance is massive, but traditional banks
The shocking verdict in Tahvio Gratton’s lawsuit against United Parcel Service (UPS) has cast a bright spotlight on allegations of systemic racial discrimination and retaliation in the workplace. Gratton, a Black employee, secured a groundbreaking $237 million verdict, including $198 million in punitive damages, after enduring years of alleged racial harassment and retaliatory actions from his supervisors and peers at
Corporate America is witnessing a notable shift in its approach to Diversity, Equity, Inclusion, and Belonging (DEI&B) initiatives. Companies like Lowe’s are trimming or reevaluating these programs amidst mounting external pressures. This trend has spurred conversations about the future of DEI efforts and their ramifications for employees, particularly those from minority and underrepresented backgrounds. Through insights from Sarah Reynolds, the
Artificial Intelligence (AI) has become a cornerstone in the transformation of banking and fintech operations, representing a fundamental shift rather than a fleeting trend within the financial industry. The infusion of AI into these sectors is reshaping how institutions operate, engage with customers, manage risks, and drive innovation. Through intelligent automation and advanced data analytics, AI is enhancing efficiencies and
The financial technology landscape is consistently evolving, and companies like Enfuce are at the forefront of this transformation. The launch of Enfuce’s E2 2-in-1 card in partnership with Mastercard marks a significant milestone in the UK and European markets. Integrating both debit and credit functionalities, this innovative card promises to change the way consumers handle their finances. Introduction of the
In the ever-evolving world of financial technology, Monzo has once again captured the spotlight by offering Apple Pay monthly payment options, making it the first UK bank to do so. This development signifies a new era in consumer banking, emphasizing the integration of traditional financial services with modern digital platforms. By bridging this gap, Monzo is setting a new standard
Despite continued attention and efforts toward improving diversity in the workforce, the high-tech industry shows little progress, especially in the representation of Black workers, women, and people over the age of 40. According to a recent report from the U.S. Equal Employment Opportunity Commission (EEOC), this lack of diversity has remained virtually unchanged over the past generation, emphasizing the industry’s
The recent partnership between Liberis, an embedded finance platform, and myPOS, a leading fintech company, aims to deliver revenue-based financing to small and medium-sized enterprises (SMEs) across Europe. This collaboration targets 10 European countries, beginning with the UK and subsequently expanding to nations such as Germany, Ireland, Iceland, and Finland. This article will delve into the significance of this partnership,
In Q2 2024, Latin America’s FinTech sector experienced a notable contraction in funding and investment activity. This trend reflects a broader shift within the global financial technology sector, with a reduction in both the number and scale of deals. Despite these challenges, strategic investments and the evolving landscape indicate a potential for significant transformation and growth. The Downturn in Funding
The collaboration between Experian and Oakbrook marks a pivotal development in consumer lending, emphasizing the enhancement of financial inclusivity and the provision of more competitive loan options. This partnership showcases the integration of Experian Boost into Oakbrook’s personal loan application process, utilizing alternative data to assess an applicant’s financial health more accurately. This move aims to extend credit access to
The financial technology landscape witnesses a significant transformation with the collaboration between Enfuce and Saldo Bank. This partnership, aimed at introducing Saldo Bank’s first payment card products, marks a strategic move to accelerate growth and offer innovative financial services in the Nordics and the Baltics. Saldo Bank’s entry into the payment services sector, bolstered by Enfuce’s advanced issuer processing technologies,
