Category: digital currencies

Despite a challenging backdrop, large commercial (re)insurers realized approximately $200 billion in top-line growth over the last decade. The scale of growth provides optimism for this decade. Some estimates put top-line growth of up to $600 billion by 2030 through new customers (particularly in fast growth markets), a hardening market, well-targeted technology investments, strategic partnerships,…

FIS has unveiled Worldpay for Platforms, a software-as-a-service (SaaS) that enables software providers that serve small- to medium-sized businesses (SMB) to embed payments and finance features into their platforms through a single integration. Consumer banking expectations began changing during the COVID-19 pandemic along with their interactions with SMBs, Matt Downs, group president of platforms at…

White-label card issuer Optimus Cards has selected core provider Temenos’ open platform for composable banking to scale its cards-as-a-service business. The API-connected platform will process London-based Optimus’ transactions and manage customer accounts. Under the new platform, Optimus customers’ back-office systems can enable instant authorization from both customers’ accounts and crypto wallets, according to a release.…

Banks and credit unions are looking to mobile offerings to ensure they have the digital products consumers now expect amid widespread adoption on the heels of the COVID-19 pandemic. Read More: Bank of America sees 1B digital logins in July The largest banks and credit unions by asset size to renew their partnerships with technology…

NEW YORK CITY — Data and customer authentication and messaging platforms are proving to be at the fintech forefront as 33 fintechs demonstrated their capabilities Monday during the first day of the FinovateFall 2022 conference in New York City. Auto lenders should keep an eye on four startups as they look to bolster their data…

(Bloomberg) –Coming soon from the world’s largest retailer: checking accounts. A venture that’s majority-backed by Walmart Inc. is poised to emerge from the shadows this month with digital bank accounts meant for the retail giant’s 1.6 million US employees and legions of weekly shoppers. In coming weeks, the company will start offering the accounts to…

Here is our pick of the 3 most important stablecoin stories during the week. How much can having your own stablecoin be a competitive advantage? It seems if you’re an exchange or even a country, quite a lot is the answer.  This week we saw the emergence of stablecoins as a tool to attract, hold and…

A contributory database where lenders share knowledge helps the industry reduce fraud. Recent trends highlight the importance of lenders collaborating to address fraud before funding. Utilizing a feedback loop and multi-channel fraud checks increases Informed’s accuracy in stopping fraud. Fraud is not lender specific and significantly impacts the banking industry. As loan originations shift to…

With hundreds of ballots officially cast and carefully counted – here are the winners of Best of Show for FinovateFall 2022! Debbie for its technology that leverages behavioral psychology and rewards to help users pay off 3x more debt and help lenders recession-proof members. Horizn for its platform that helps financial institutions maximize the impact…

Bank of America is reporting record digital usership and multiple granted patents on the heels of boosting its technology spend in the first quarter of the year. “Bank of America has a deep culture of being innovative and exploring creativity,” Michael Young, senior vice president of global information security at $3.1 trillion Bank of America,…