Author: hjenkins42

Swiss core provider Temenos will upgrade digital banking at Canadian Tire Bank, the companies announced Wednesday.   Temenos, one of the world’s largest core providers, will enhance account opening and buy now pay later (BNPL) capabilities for the $6 billion Oakville, Ontario-based bank, whose customer base clears 2 million customers.  Canadian Tire Bank selected Temenos over…

Stripe is launching the Stripe App Marketplace. The company’s business customers will be able to browse the new digital store to find and integrate third party apps into their own operations. Businesses will be able to develop and launch their own custom apps within their own company. Ecommerce technology company Stripe launched an offering that…

Here is our pick of the 3 most important Stablecoin news stories during the week. Here come the Regulators! After the failure in recent weeks of an Algo stablecoin (Terra) the Regulators have now got some red meat to stick their teeth into and propose sweeping regulations of the entire industry and this week they pounced.  …

After years of stop-start evolution, the market boom that open-banking advocates have been waiting for appears to be underway. The potential of this sector is as large as it is untapped with the sector projected to be worth $43.15 billion by 2026, equivalent to an annual growth rate from 2019 upwards of 24%. Open banking…

Half of JPMorgan Chase’s total infrastructure spend is on the cloud, the bank announced Monday during its 2022 Investor Day. Investors were left scratching their heads in January when the $4 trillion global bank announced it would increase its 2022 tech spend by 20%. During Monday’s 2022 Investor Day, which included a 20-minute technology presentation…

Modern card issuing platform Marqeta has come a long way since its Finovate debut in 2016. Back then, Marqeta was a six-year-old company, presenting the world’s first fully-documented, open API issuer processor platform, and emphasizing the company’s commitment to producing payments solutions that were “developer-friendly.” In fact, it was at Finovate’s developer conference, FinDEVr Silicon…

TransferMate is fintech’s latest unicorn, having secured $70 million in funding this week and earning a valuation of more than $1 billion. TransferMate’s platform enables businesses and individuals to make cross-border payments in more than 201 countries and more than 140 currencies. Headquartered in Ireland, TransferMate was founded in 2010. With a new investment of…

Banking technology provider Temenos is launching ESG Investing-as-a-service. The tool will help banks and wealth managers offer a digital experience that allows end customers to build an investment portfolio that reflects their values. The move comes amid a time of major growth for ESG investing, which is expected to exceed $53 trillion by 2025. ESG…

What a week it was in San Francisco, as FinovateSpring landed back in the tech capital of America! And as much as this show felt familiar, being back in the same city again didn’t mean that we’re returned to 2019.  We come back to find a very different fintech ecosystem. There are surface-level similarities between…