Category: digital currencies

Brightwell is launching a new cross-border payments solution called ReadyRemit. Integrating ReadyRemit will enable Brightwell customers to help their end clients send money to 90% of the world’s population. The new tool is leveraging partnerships with Mastercard and The Bancorp Bank. Payments technology company Brightwell unveiled its new cross-border payments solution today. The new offering,…

Huntington Bancshares’ online engagement and acquisition mix has grown significantly through technology investments and customer experience enhancements since the bank first embarked on its digital journey five years ago. The $179 billion Huntington’s digital checking acquisition increased to 46% this year, up 228% from 14% in 2017, according to the bank’s 2022 Investor Day presentation.…

Virtual card and spend management platform Extend announced a partnership with Bank of the West. The collaboration will enable small and medium-sized businesses to take advantage of virtual card technology to enhance spend management. Extend made its Finovate debut three years ago at FinovateSpring 2019, demoing its platform, app, and APIs. Virtual card and spend…

Community banks can contend with their larger counterparts by leveraging artificial intelligence (AI)-powered chatbots to improve both customer experience and internal efficiencies.  Virtual assistants save valuable time and resources by routing customers to the appropriate digital channels based on their inquiries, Murali Mahalingam, senior vice president of AI business at Eltropy, tells Bank Automation News…

Dominic Cugini, chief information officer of service digitization at KeyBank, has joined the speaker faculty for the Bank Automation Summit U.S. 2023.   Dominic Cugini, domain chief information officer of service digitization at KeyBank Cugini will speak on the panel “New approaches and techniques in RPA,” on Friday, March 3, at 9:05 a.m. ET at the…

The FTX blow up has highlighted this strategic question. This is one WITHOUT a magic quadrant. Crypto is either a regulated asset or a disruptive technology – but it cannot be both. If you believe that crypto is a regulated asset, the easy trade is to buy Coinbase stock (COIN). Coinbase is fully regulated in…

Canadian software-as-a-service (SaaS) provider Coveo recently launched a solution that answers business banking customers’ questions without the use of a call center.   The artificial intelligence (AI)-powered Coveo Relevance Cloud for Financial Services platform uses predictive search to aggregate data sources for customers’ lending, revenue and expense forecasting inquiries, Michael Jepsen, vice president of sales…

Technology spend at banks grew in the third quarter as mobile usership, tech partnerships and digital enhancements remained a priority for most of the larger financial institutions. The $1.6 trillion Goldman Sachs, for one, allocated $459 million for technology and communication in Q3, up 16% year over year. The $3.1 trillion Bank of America’s tech…

Britain is taking the lead among major developed economies in moving away from cash in everyday payments, but more than two-thirds of people surveyed remain reluctant to go fully digital. That’s the conclusion of a survey by YouGov Plc for Bloomberg, which showed 57% of people in the UK rarely or never use cash in…

As banks prioritize the move toward automation, they can take digitization one step further by looking to hyperautomation as the next logical step in their digital journeys to achieve streamlined workflows and drive faster outcomes.  Extending automation  The key difference between automation and hyperautomation lies in the scale of digitization, according to IBM.   Automation is…