Category: Doing Business Overseas

Capital One looked to technology to help navigate economic uncertainty as it invested in machine learning during the first quarter.  The $471 billion bank saw a 3% year-over-year increase in communications and data processing to $350 million as the bank used machine learning (ML) to assist in making business decisions based on market sentiment, Capital…

Digital banking solutions company Tyfone has secured a “significant investment” from Demopolis Equity Partners. The Portland, Oregon-based company also announced a merger with digital banking provider Cubus Solutions. Tyfone made its Finovate debut in 2008 at FinovateSpring. Digital banking solutions company Tyfone hit the fintech headlines with a pair of big announcements in recent days.…

FIS posted an uptick in its banking solutions demand in the first quarter following the collapse of Silicon Valley Bank.   The financial services technology provider remains committed to banking services through turbulent or uncertain times, Chief Executive Stephanie Ferris said during Thursday’s earnings call. “As banks go through whatever volatility they’re dealing with, [FIS…

Tech spend remained strong overall in the first quarter as the industry prepped for an economic downturn, and turbulence swept the banking world amid the collapse of Silicon Valley Bank and Signature Bank. The $132 billion Discover Financial Services increased its technology and consulting expenses 31% year-over-year in Q1 to $232 million, according to the…

Core provider Jack Henry is looking to technology to address changes in today’s payments landscape and client concerns following the collapse of Silicon Valley Bank while preparing to launch new solutions to address cyberthreats in the financial services industry. Bank Automation News sat down with Lee Wetherington, senior director of corporate strategy at Jack Henry…

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. AI Squared has created an AI integration platform designed to reduce AI/ML integration time from eight or more months to just eight hours. Features Includes reverse ETL for ML Delivers a lightweight browser…

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. 9Spokes unlocks the potential of open data and open banking by collecting consented data from businesses to give financial institutions a powerful set of tools to engage their business customers. Features Cashflow –…

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. Merlin Investor offers a multi-asset educational, strategizing and tracking tool complementary to any trading platform and designed for any kind of investor. Features Access different market data and sentiment all in one place…

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. The Lazu Group’s CULTURL Heritage Calendar offers insights into the history and significance of holidays across many different cultures, helping companies educate and communicate in a multicultural workplace. Features Provides a wealth of…

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. Prelim is a white-labeled platform that helps banks digitize business banking. With core integrations and out-of-the-box AML/BSA solutions, they power automation by connecting with any system via API. Features Automate business account onboarding…