Category: digital currencies

Greenwood, a digital banking platform catering to black and Latino communities, raised $45 million in new funding this week. The funding round was led by Pendulum, an investing and advisory platform for founders of color. Atlanta, Georgia-based Greenwood was named after the Greenwood District in Tulsa, Oklahoma, which was known as “Black Wall Street” in…

LONDON — Swedish utility Bankomat CEO Nina Wenning discussed the decline of the bank branch in Sweden at Branch Transformation 2022, the leading conference dedicated to branch design, customer experience and strategy-driven transformation, on Nov. 29 at the Park Plaza: Riverside Hotel in London. “We have a central bank in Sweden that effectively gave up…

Santander U.K. selected NCR Corporations’ NCR ATM-as-a-Service technology to run its ATM network to manage the bank’s network of more than 1,700 ATMs across the U.K.   The service allows the bank to pass its operational management including the software, transaction processes, cash management and ATM monitoring needs, according to an NCR release. “Moving to NCR…

Here is our pick of the 3 most important stablecoin stories during the week. Stablecoins or CBDC, do we need both?  This week we heard a lot about the progress of CBDC’s but also people are starting to realise that they will have to compete with their nimble cousins the private company issued stablecoins. But first,…

The following is a guest post written by Lance Boyer, a recent college graduate and a Gen Z journalist. Generation Z made up about 40% of active U.S. consumers in 2020, according to Fast Company. It also has more buying power than any of the Generation X, Boomer, or Silent generations. And it’s growing rapidly.…

This is a sponsored post by Accusoft. Faster, flexible and easy. It would be surprising if those words weren’t the top cited needs for your customers on what they expect when using your fintech app. If you can provide these obvious, yet sometimes elusive characteristics in your next release, you’ve hit the jackpot or, at…

Small business banking platform Tide has agreed to acquire lending marketplace Funding Options. Tide will integrate Funding Options’ loan matching technology into its own business loan comparison site. Financial terms of the deal were not disclosed. A rising tide lifts all boats. Or in today’s case, a rising Tide lifts Funding Options. That’s because small…

FinovateEurope’s Alumni Alley is a great way for our pioneering alums to show that, more than a decade later, they are still driving fintech innovation. Check out our Finovate Alumni Alley hub for more information on how to get involved. To celebrate the launch of this new opportunity, we’re going to highlight alums that demoed…

Banks can onboard and meet the evolving needs of business customers when they integrate and use data analytics to tailor the customer experience.  Understanding what the data reveals about clients— and the gaps financial institutions can fill through partnerships or vendors’ digital products — is paramount, Dean Jenkins, vice president of product marketing at e-banking…

Scotiabank’s ongoing technology modernization has resulted in tech staff reductions in Canada and internationally during its fiscal fourth quarter 2022. The 1.3 trillion bank’s digital strategy was part of its Q4 restructuring charge of $66 million, according to the bank’s Q4 earnings supplement. The restructuring charge fell 29% when compared with the same period in…