It’s no secret that traditional high street banking has been facing significant challenges lately, particularly in the face of increased competition from newer fintech companies. However, recent developments in payment technology and APIs (application programming interfaces) offer a potential solution, provided banks are willing to make some tough choices. In this article, we will explore the role of payments and
Leading RegTech provider Know Your Customer is proud to announce its latest strategic client wins in Singapore: Volopay and Coda Payments. The double win comes in the context of an unprecedented growth of the digital payments industry in Southeast Asia, which is expected to reach an astonishing USD 1.5 trillion by 2030. Know Your Customer’s innovative compliance platform will streamline
The behavioral banking solutions provider, exagens, has announced its fourth consecutive multi-year agreement with Desjardins, the largest credit union group in North America with assets of more than $407 billion. This announcement reaffirms the strong relationship that extends back to 2015 and confirms the ongoing value they have provided to both Desjardins and their members over the past eight years.
Digital payment solutions have been revolutionizing the way businesses across various industries manage payments. Now, construction firms are turning to digital payment solutions to increase cash flow and clear accounts receivable faster. Handle, a company that offers credit software specifically for the construction industry, has now added Fiserv’s embedded payment capabilities to its platform. Benefits of integrating industry-leading payment capabilities
Ocho is a financial technology company founded by Ankur Nagpal in 2020. Nagpal is a former founder of Teachable who realized that the company’s debut product was not a venture-backed business in and of itself. Therefore, he pivoted to create Ocho, a brokerage platform that allows people to invest in a variety of exchange-traded funds (ETFs) and stocks, with financial
Hudson Structured Capital Management, a leading private investment firm, has recently announced that it led a $12 million Series A funding round for Earned. Earned is a tech-enabled wealth system exclusively designed for physicians, providing data-driven recommendations to help them achieve their financial goals. For physicians, managing financial assets can be a daunting task. With highly demanding work schedules, it
The world of banking and finance has undergone a significant shift in recent years with the rise of fintech products and services. Now, the industry is taking things to the next level with the emergence of embedded fintech. Banks are increasingly evaluating this new approach to extend their brand and presence into new areas of customers’ lives. In this article,
Bankjoy, a digital banking provider, announced an integration with Fiserv Portico, a full-service account processing system. The integration will enable credit unions that work with Fiserv Portico to offer their members an online and mobile banking experience with a modern, intuitive UX. Benefits of Integration for Credit Unions and Their Members This integration will have a significant impact on both
Peer-to-peer (P2P) payments are becoming increasingly popular as people move away from traditional payment methods such as cash and checks. While P2P payments are convenient and easy to use, they also come with some challenges, particularly in terms of interoperability between different payment apps. To address this issue, Visa has launched Visa+, a P2P payments interoperability tool. The tool is
The payments industry is on the brink of a major revolution with the launch of FedNow, a real-time payment service by the Federal Reserve. This long-awaited service is expected to accelerate money movement between accounts, transform bill payments, and enable instant payments for various use cases that are yet to be imagined. It is scheduled to go live in July
As the world is shifting towards digital payments, payment service providers play a crucial role in facilitating seamless transactions. The European payment service provider, Cardstream, has recently announced its launch of a new white-label PayFac-as-a-Service. This new offering will provide a consolidated platform to businesses for payment facilitation and also ensure compliance with regulations. Cardstream launches white-label PayFac-as-a-Service Cardstream’s latest
Atradius, one of the global leaders in credit insurance and risk management solutions, has won the prestigious IBS Intelligence Global Fintech Innovation award for Best Risk Management Implementation in the Best Adoption of Tools and Best Practices category. The company was recognized for its innovative utilization of artificial intelligence and machine learning using Temenos Explainable AI (XAI) to reduce risk
