Category: digital currencies

The current reality is that costs of suffering cyberattacks continue to climb while the ability to insure against a possible cyber disaster diminishes. The cyber insurance gap is widening, with many businesses either uninsured or underinsured against a rising tide of cyber threats.  A typical data breach could cost the average organization $2.4 million for…

What happens when a PhD from MIT gets into a bank’s engineering operation? Ian Eslick is going to tell attendees at the upcoming Bank Automation Summit. (Hint: It has something to do with systems thinking.) Ian Eslick, chief technology officer for enterprise architecture and engineering at US Bank The MIT grad, who is now the…

City National Bank of Taylor has grown its eSign and digital document collection completion rates more than 90% since selecting fintech Lightico as its digitization partner. The $250 million Taylor, Texas-based bank began leveraging Lightico’s API-based, no-code, mobile-first digital completion cloud in May 2020 amid the COVID-19 pandemic. “We were looking for an alternative to…

Compliance communications surveillance service txtsmarter has raised Series A funding. The amount of the investment was not disclosed. The Silicon Valley, California-based company also announced a new CEO, Edward Green. Founded in 2014, txtsmarter demoed its technology at FinovateSpring earlier this year. Private messaging communications surveillance service txtsmarter is sharing some big news. First, the…

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Global payments fintech Fiserv scored several wins during the second quarter as financial institutions (FIs) opted for its cloud-enabled core platforms for enhanced customer experiences. “Open-banking capabilities and access to APIs to connect to third-party applications are also top of mind for our clients,” a Fiserv spokesperson told Bank Automation News. “Modern financial institutions need…

Payments fintech Highline announced that it has extended its partnership with employment data platform Argyle to extract payments from direct deposit rather than checking or savings accounts. The platform’s APIs will help lenders — particularly those offering unsecured loans — receive payments more reliably while expanding credit approvals. The fintech aims to provide users with…

Here is our pick of the 3 most important stablecoin stories during the week. How rogue should your stablecoin be? While we wait for CBDC’s that may never arrive, should we be putting faith in designs that try to accommodate regulators or should we be preparing to live “off grid” as much as possible?   First, the…

User experience and software engineering company Praxent has hired 45 employees over the last year to enhance the customer experience and keep up with new product launches. Tthe Austin, Texas-based company expanded its workforce following the launch of 40 products and software releases aimed at assisting customers in Latin American communities, along with financial institution…

Bank of America saw a record one billion digital logins in July as it continues to make technology a centerpiece of client engagement. The numbers come as the $3.1 trillion bank recorded 2.8 billion logins during the second quarter, an 11% year-over-year increase. Over the past 12 years, the bank has dedicated more than $35…