Author: hjenkins42

Embedded finance company Highnote is powering the new card program from SKUx. SKUx is a payments technology and consumer engagement platform headquartered in Florida. San Francisco, California-based Highnote made its Finovate debut last May at FinovateSpring 2022. SKUx, a payments technology and consumer engagement platform, has launched a new card program. The company has teamed…

Wells Fargo on May 8 named Jeff Hogan as its co-head of global mergers and acquisitions within its banking division. Hogan joined the $1.9 trillion bank after leaving Morgan Stanley, where he held the same position, according to a Wells Fargo release. Hogan and fellow co-head David DeNunzio will report to Wells Fargo Head of…

Mastercard has launched an enhancement to its Open Banking Account Opening solution to make it more secure as clients increasingly go digital. Digital account opening and transaction volumes are expected to reach $15 trillion by 2027, according to data from Statista, and Mastercard’s solution allows banks and fintechs to monitor digital fraud using account and…

Financial infrastructure company Plaid made a relatively quiet announcement last week that will have a big impact on open banking in the U.S. The California-based company unveiled that it has migrated 100% of its traffic to APIs for major financial institutions, including Capital One, JPMorgan Chase, USAA, Wells Fargo, and others. Taken at face value,…

Business automation specialist Kognitos raised $6.75 million in seed funding. The investment takes the company’s total capital to $9.35 million. Kognitos leverages Generative AI and Natural Language Processing (NLP) to enable business users to build automations using “English as code.” Kognitos made its Finovate debut at FinovateSpring last year. Here’s a funding announcement from a…

This is a sponsored article by Jesper Petersen, CTO, 9Spokes SMBs have long been a challenge for banks to serve well. They are often too small to offer a tailored service that they may need during times when there is opportunity for growth or when their business is suddenly challenged. Embedded finance is rapidly becoming…

Debt collection is challenging even during times of economic expansion, so when a recession looms, banks and lenders (and the customers you serve) are in even more of a bind. Higher interest rates are making debt more expensive and potentially more challenging for customers to stay current on payments, especially when facing job loss or…

When Washington, D.C.-based Customers Bank made the decision to augment its third-party risk processes with the assistance of a fintech, it joined nearly 100 other community banks to shop for one via vendor platform True Digital.  True Digital allows banks to connect with fintechs in various banking technology areas, essentially making it possible for financial…