Category: digital currencies

The banking industry is on the brink of a transformation driven by technological advances that have created the potential for new products, services and delivery channels that promise to reshape the very definition of what banking means. But for established financial institutions, this seismic shake-up is destabilizing long-standing business models and giving rise to competition…

Hot on the heels of FinovateEurope next week is our West Coast flagship event, FinovateSpring, this May. Dozens of companies will demo, and we’re excited to unveil 50% of the lineup today. With Finovate’s lucky number seven in mind, here are more details about these early selections: 60% taking the Finovate stage for the first time 50%…

Due to increasing demand for faster and more convenient payment options, real-time payments (RTP) are gaining traction globally. In the US, the Clearing House’s RTP network processed over 1 billion transactions. Countries like Australia, Singapore and Canada have also implemented  RTP systems. FedNow, a new real-time payment system (developed by the Federal Reserve), is expected…

Goldman Sachs Transaction Banking has developed internal APIs that link into the firm’s existing core infrastructure to streamline global payment capabilities for its clients at scale. The financial institution’s Transaction Banking business helps treasurers and chief financial officers store and move liquidity globally in a way that can be tracked in real time through API…

Arvest Bank is switching from its existing core to a new one built from scratch by a development team working closely with the bank.  The $26 billion financial institution has been in the building phase for the past 10 months, adopting a side-by-side approach with its existing Fiserv Signature core as Arvest looks to get…

FinovateEurope 2023 begins next week, March 14 through March 15, at the Intercontinental O2 in London, U.K. Tickets are on sale now. Visit our FinovateEurope hub today and secure your spot! This year’s annual European fintech conference is on track to be even bigger than last year’s event. What’s more, we have all of the…

Bankjoy, a Michigan-based digital banking solutions provider, has secured new funding. The amount of the investment was not disclosed. The round was led by credit union service organization (CUSO) Curql Collective and featured participation by current and prospective credit union clients of Bankjoy. Bankjoy made its most recent Finovate appearance at FinovateFall last September. Digital…

This is a sponsored blog post by Saurav Gupta, Sales Engineer, InterSystems Financial services organizations are awash with data, and there’s a clear appetite in the sector to make use of it for a wide variety of initiatives, including analytics on real-time transactional data and reducing customer churn. But doing so requires putting the right…

Modern Payments and Silicon Valley Bank partnered to launch a cross-border money movement tool called Global ACH. Global ACH leverages local payment rails to enable mutual clients to send cross-border payments. Global ACH differs from SWIFT in that it is less expensive and works better for fast, one-off transactions. Payment operations platform Modern Treasury has…

To succeed in today’s digital-first world, banks are under pressure to orchestrate differentiated customer journeys to attract, win, and maintain long-term loyalty. Troves of real-time customer data and advancements in artificial intelligence (AI) technologies are paving the way for delivering hyper-personalized experiences that are both relevant and timely. However, many banks are struggling to realize…