Author: hjenkins42

Banco Santander is launching a new tool to help retail customers track the carbon footprints of their transactions. The bank is partnering with ClimateTrade and the Mastercard donation platform to enable users to offset their impact. The app is currently available to customers in Spain and will soon go live in Poland, Portugal, and the…

Twenty-four banks, including Bank of America, JPMorgan and Wells Fargo, are part of a pilot project for immediate cross-border (IXB) payments in dollars and euros. The IXB pilot project involves U.S.-based The Clearing House’s (TCH) real-time payments (RTP) network, global messaging service SWIFT and the European EBA Clearing, which provides a real-time pan-European payment infrastructure,…

Jack Henry Associates (JHA) becomes the fourth core provider to partner with Bitcoin fintech NYDIG, the vendors announced today. NYDIG allows banking customers to buy, hold and sell — but not spend — Bitcoin. Monett, Mo.-based Jack Henry — the second-largest core provider in the U.S. with 18.5% marketshare, according to data firm FI Navigator…

Current launched its platform API today and introduced Plaid as its first partner. The collaboration between Current and Plaid will enable Current members to access digital financial services from more than 6,000 apps and services on the Plaid network. Current earned a valuation of $2.2 billion after securing $220 million in Series D funding last…

Automation fintech Open Lending’s certified loan volume increased for the sixth consecutive quarter in Q1 as the automation fintech grew its credit union and bank line businesses, expanded its refinance channel partnerships, and extended its indirect lending limits. Total certified loans, or “certs,” in Q1 increased 32% year over year and 3% sequentially to 43,944…

The internet, both Web1 and Web2, changed our lives in profound ways. Once again we are on the brink of another big change. We are at a point of transition between technological evolutions that are going to change how we play, how we shop, how we hang out with friends, and even how we go…

On one day in April I ran a simple experiment. I typed Fintech into a search engine and hit News and looked at the top 10 news items through a West or Rest lens. Among the top 3 results, 2 have a Rest slant with one being an Indian company and the other being a…

A startup digital bank is working with Google and Deloitte to automate its lending for small and midsize businesses (SMBs) and use artificial intelligence (AI) to eliminate bias. In this episode of “The Buzz” podcast, Bank Automation News hears from Seke Ballard, founder and CEO of Beta Financial Services, a Chicago-based holding company that has…

Digital wealth management company Envestnet announced new technology platforms and an internal automation drive during its first-quarter earnings presentation last week. The Berwyn, Pa.-based company, which has $5.5 trillion in assets and touts its relationships with more than a dozen of the biggest U.S. banks, will release a solution for wealth advisors next week that…