Category: digital currencies

The Royal Bank of Canada (RBC) spent $2.6 million on technology-related costs in the third quarter, an 8% year-over-year bump boosted by both increased staffing and digital initiative costs. The $1.3 trillion bank continues to “invest in our people and technology to create more value for our clients,” RBC President and Chief Executive Dave McKay…

Square is launching its first integration with ClearPay this week. Square merchants in the U.K. can now leverage Clearpay (known as Afterpay outside of the U.K.) to offer a BNPL payment option to their customers making purchases both online and in-person. The integration is the result of an acquisition between Square parent Block and Afterpay…

Here is our pick of the 3 most important stablecoin stories during the week. Are CBDC’s too dangerous to allow? CBDC implementations have the potential to be very dangerous in terms of personal freedom and political liberty.  Can we design out the danger but keep the good stuff?  This will be the big debate in western…

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot. Apiture’s embedded banking tools allow financial institutions to embed financial services into non-bank partners’ software, extending these services to new users and giving more convenient banking options. Why it’s great Embedded banking enables…

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot. Bankjoy’s new Business Banking platform makes it easier for community banks and credit unions to deliver truly feature-rich digital banking technology to their business customers. Features Use one portal for multiple business accounts…

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot. Gridspace is a voice technology and artificial intelligence software company. The company provides natural-sounding virtual agents and voice observability software to contact centers. Features Performance – Gridspace runs neural networks directly on its…

Scotiabank added 150,000 new members to its mobile app rewards program during the third quarter as the bank expanded the program in Canada and increased its revenue 5% year over year. The loyalty program allows members to earn points by using the bank’s mobile app to make purchases with Scotiabank debit or credit card products.…

As mobile banking becomes more widely adopted by users of all ages, the technology comes with its own drawbacks, with nearly half of mobile banking customers saying their money-related apps and financial accounts regularly lose connectivity. U.S. customers at the younger end of the age spectrum are running into problems with mobile platforms, according to…

Ren Riley, investment partner at Fin Capital, will speak at Bank Automation Summit Fall 2022 to discuss investor interest in banking technology in 2023. Ren Riley, investment partner, Fin Capital The panel, “RPA & Beyond: Investors on what’s next in banking technology,” will dive into valuation trends, differing views on investment between banks and venture…

Truist announced Monday it has acquired the Zaloni Arena platform from data technology solution provider Zaloni to assist in the financial institution’s data strategy and reduce IT costs. The technology, once added to the Truist platform, can be built out with new capabilities like API calls, user experience enhancements, and software that has been developed…