Category: Doing Business Overseas

LAS VEGAS — Wells Fargo will launch a new artificial intelligence (AI)-based virtual assistant that will be powered by Google Cloud. The AI assistant, Fargo, will allow customers of $1.9 trillion Wells Fargo 24/7 access to their accounts with the ability to activate and deactivate debit cards, search for transactions, monitor FICO scores and review…

Mark Twain once said that “History never repeats itself, but it does often rhyme.” This is certainly true of financial cycles. What all have in common is an attempt to use derivatives and leverage to make something risky appear safe. If you understand the above you are all set and can skip to the end…

In addition to hosting the biggest FinovateFall to date, Finovate VP Greg Palmer has spent the month of September talking with some of the most interesting achievers in fintech. From CEOs of digital banks to entrepreneurs working to bring about greater financial inclusion, Greg Palmer’s Finovate Podcast is a great way to meet the people…

Mitek launched its new biometric authentication solution, MiPass, that leverages both voice and facial recognition. The new technology provides advantages over both passwords and solutions that rely on on-device stored biometrics. Mitek’s MiPass can be deployed in a range of use cases ranging from simple password resets to high-value transactions. Could the end of passwords…

Regtech company ComplyAdvantage has teamed up with anti-fraud fintech Resistant AI on a solution that alerts financial institutions to patterns that signal money laundering and other fraudulent activity. The artificial intelligence (AI)- and machine learning (ML)-powered solution, which has been in the works since ComplyAdvantage was founded in 2014, offers banks two options for implementation,…

Core provider Jack Henry continues to invest in its API portal and automation solution as it looks ahead to upcoming projects, including the migration of its data, reporting and integration systems to Google Cloud. Mackenzie Kizer, senior director of enterprise integrations and services at Jack Henry, sat down with Bank Automation News recently to discuss…

This year has been tough for many companies in the crypto market. Some have collapsed altogether, others have fired a huge number of employees to keep their heads above water and some are going all in on crypto. It’s no secret that in 2022 the price of bitcoin and other cryptocurrencies have been tumbling, and…

Huntington Bancshares is planning to self-fund tech investments as it prepares to close 31 branches in early 2023. The $179 billion bank’s noninterest expenses fell 18% to $1 billion, largely due to lower personnel costs and cutbacks on equipment and outside data processing compared with the same reporting period last year, according to Huntington’s Q3…

Westlake Financial has launched a credit card rewards program using back-end technologies from embedded finance company Railsr. The Westlake Black Credit Card gives the financial institution’s customers 2% cash back on all qualified automotive-related purchases including vehicle maintenance and servicing, gas, oil changes and brakes, Jim Eyraud, vice president of Wilshire Consumer Credit, a wholly…

Revolut shifts trading clients to Lithuania. Blames Brexit It seems that Fintech start up Revolut is moving the hosting of a million of its trading clients from the its UK trading subsidiary to its to Lithuania. Apparently, this is because the UK regulator has not yet granted the outfit a Mifid licence which would allow…