Category: Doing Business Overseas

Great Southern Bank has selected core provider Fiserv to overhaul its digital banking and payments experience. The partnership allows the $5.6 billion Great Southern Bank to use DNA, Fiserv’s real-time account processing platform, to streamline customer interactions with tellers, allow mobile deposits through the bank’s app, and use its open APIs to integrate the bank’s…

Millennials and Gen Z customers are opting for a frictionless banking experience through automation in digital payments, loan approvals and money transfers. “If I’m a banker looking for ways to not only attract but retain the next generation, I need to make sure I have the right products and services,” Bryce Deeney, chief executive at…

Paytech Finix secured $30 million in funding last week. The investment takes the San Francisco, California-based payment facilitator’s total capital to $133 million. Founded in 2015, Finix includes Kabbage, Pay Theory, and Passport among its customers. San Francisco, California-based paytech Finix announced a $30 million investment last week. The funding featured participation from both new…

TD Bank’s head of integrated sales and advice for consumer distribution, Chris Yancey, has adapted his approach to relationship banking to meet the needs of both in-branch and mobile banking clients based on personal preferences collected through the bank’s customer relationship management (CRM) platform. The bank recently launched several technology initiatives, including its Next Evolution…

Ronald Regan once said: “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” Does this “One size fits all” approach work for crypto? In recent months there has been a flood of cryptocurrency news, due to market volatility and piecemeal regulatory developments. The crypto crash —…

Flagship Credit Acceptance is expanding into direct-to-consumer lending through an equity investment in automotive e-commerce technology provider Blinker, which offers loan origination technology powered by artificial intelligence (AI) and machine learning (ML). WHY IT MATTERS: The partnership, announced earlier this month, allows consumers to apply for and complete financing online. Whereas Flagship previously purchased direct…

Financial institutions could improve security, reduce costs and enhance the customer experience by replacing the password with integrated biometric solutions. Dupont, Wash.-based America’s Credit Union, for example, integrated omnichannel digital banking provider Access Softek’s biometric solution to its platform to replace the password, an Access Softek spokesperson told Bank Automation News. “We think that the…

JPMorgan Chase is looking to hire one employee for its payment automation systems on the wholesale payments technology team amid a continuing effort to revamp its real-time payment platform by the end of 2023, according to the bank’s 2022 Investor Day presentation. The initiative is part of the bank’s $2.4 billion tech investment in the…

Deal Makers Feel the pinch   Berenberg Bank is laying off deal makers as the market for equity issuance has started to dry up. Although Berenberg is not a big player in London it is a significant, respected and long-standing European player. I fear it will be the first of many to come as Winter approaches.…

Credas has appointed Geraint Rogers as Chief Strategy Officer. Rodgers formerly worked at Experian U.K., where he served as the company’s Product Director for Identity, Fraud, and Financial Crime. Rodgers will also serve on Credas’ executive board, which includes Barnett and company CTO Kevin Smith. Digital identity verification platform Credas is bolstering its team this…