Category: digital currencies

New Finovate alum Hawk AI announced a collaboration with Diebold Nixdorf. The partnership will facilitate the distribution and implementation of Hawk AI’s AML Surveillance and Fraud Prevention suite to banks. Hawk AI made its Finovate debut earlier this year at FinovateSpring in San Francisco. Hawk AI, a fraud-fighting and AML platform based in Germany, announced…

This is a sponsored post by Strands, Gold Sponsors of FinovateFall 2022. Nowadays, personalization has become a must in all sectors that affect consumers’ daily lives. Companies such as Netflix and Amazon have already been able to create totally customized and customer-centric experiences thanks to advances in technology, data, and analytics. Digital Banking has also…

UBS and Wealthfront have mutually terminated a $1.4 billion acquisition announced earlier this year. Despite the call-off, UBS has given Wealthfront $69.7 million in financing at a $1.4 billion valuation. The termination of the deal comes after a significant decline in fintech valuations. No matter the circumstances, breakups are always hard. Just ask financial services…

Small banks are facing intense competition from their big rivals and to compete effectively and win they need a smart strategy. If they try to fight toe to toe with the giants, they will be overpowered and outspent. So, how do they prevail? They need to think like David. Just like startups move faster than…

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot. Eltropy enables Community Financial Institutions to digitally engage in a secure and compliant way via text, video, audio, secure chat, and social messaging. With Eltropy’s world-class digital communications platform, financial institutions can improve…

Open banking fintech MX has appointed Wes Hummel as its chief technology officer, a role in which he will oversee the company’s engineering and information security teams and report to Chief Executive Jim Magats. “[Wes] brings a tremendous amount of experience building and leading high-impact engineering teams at the world’s leading technology and fintech companies,”…

Citing 500,000 unfilled cybersecurity positions in the U.S., Bank of America has announced a partnership with Liberty Science Center in New Jersey to help high school STEM students in underserved areas acquire cybersecurity skills, and potentially, jobs. The $3.1 billion Charlotte, N.C.-based bank said the dearth of cybersecurity professionals was impetus for the program in…

The U.S. government’s real-time payments (RTP) service FedNow is slated to launch by mid-2023, with technical testing of the pilot program starting this month. The Federal Reserve will begin rolling out the service between May and July 2023, the agency announced this week. Following the launch, thousands of financial institutions, regardless of geographical location or…

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot. ASA is an embedded fintech solution providing a clear path to innovation, scale and customer empowerment for financial institutions and fintechs, powering growth and opportunity for all. Features FIs turn on any new…

Yesterday we shared the announcement that FinovateFall 2022 is on track to be our biggest event to date. Today we have great news from the other side of the Finovate stage: fully 50% of the speakers at FinovateFall in New York next month will be women. “This definitely contributes to our DEI initiatives and effort…