Category: digital currencies

Blend and PNC Bank announced a strategic partnership to help the bank digitally optimize its online mortgage process. The partnership between Blend and PNC Bank comes in the wake of Blend’s Instant Home Equity product, launched in August. Blend made its Finovate debut in 2016 and is also an alum of Finovate’s developer conference, FinDEVr.…

Core provider Finastra is partnering with Visa on a banking-as-a-service (BaaS) solution that will give its clients access to cross-border payments around the globe beginning in 2023. The solution will integrate into the Visa network through Finastra’s FusionFabric.Cloud using the open development platform’s APIs, Barry Rodrigues, executive vice president and head of payments at Finastra,…

The $727 million Security State Bank in Winters, Texas, recently chose FI-Mobile banking platform, according to an FI Navigator report provided to Bank Automation News. The following credit unions also switched mobile banking providers: $114 million New Castle Bellco Federal Credit Union in New Castle, Pa., selected CU Mobile apps; $114 million CBW Schools Federal…

JPMorgan Chase & Co.’s UK digital lender has attracted 1 million customers in its first year of operation, making it one of the UK’s most popular neobanks. Chase UK clients hold an average of £27,000 ($29,084) in their Chase Saver account, according to a statement Wednesday. The lender said it has processed about 92 million…

This week’s Finovate Alumni Profile is a salute to Hispanic Heritage Month, an opportunity every year to recognize the achievements of Americans whose ancestors came from Central and South America, as well as Spain, the Caribbean, and Mexico. Here are some of the Latino and Hispanic fintech leaders who have demonstrated their company’s innovations on…

Fresh off a $21 million funding round, London-based regulatory technology provider SteelEye is expanding into the U.S. as it anticipates increased demand for compliance technology amid heightened scrutiny from lawmakers. SteelEye’s series B on Sept. 8 marks the largest raise by a European regtech firm in 2022. The company has raised a total of $43…

Bank of America launched a new QR code sign-in for its CashPro offering. Paired with biometrics, the new sign-in option takes advantage of the trend in favor of QR code technology as a verification and log-in solution. Bank of America’s CashPro has received recognition from Celent, Global Finance magazine, The Asian Banker, and Treasury Management…

Bank of America on Monday announced the launch of QR and biometrics sign-in capabilities through its CashPro app, enhancing the identification and authentication process for its users. CashPro, which allows businesses to access their payments, cash management and trade finance operations, had more than 44,000 password reset requests come through its customer service team in…

Executives from tech-forward financial institutions at Bank Automation Summit Fall 2022 last week addressed the industry’s evolving technology environment, including moves to the cloud, strategies to reuse code and leveraging data to improve overall client and employee experience. Some key takeaways from the event: Cloud compliance is a journey Regulators and banks in overwhelming numbers…