Category: Doing Business Overseas

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Nordigen has been selected by Teenit, an Amsterdam-based PFM tool, to provide open banking services. Nordigen will enable Teenit to securely connect to customers’ bank accounts to source transaction and account balance information. “Open banking goes hand-in-hand with personal financial management tools as access to customer information enables PFMs to stay up-to-date with their suggestions…

Finicity, a wholly owned subsidiary of Mastercard, is partnering with banks to allow customers to instantly verify their identities, employment status and assets for quicker loan underwriting. “On the lending side, it’s just a very high-friction space and has been traditionally if you think about it,” Ryan Christiansen, senior vice president of data access at…

Truist is enhancing its mobile banking capabilities to allow customers to validate their identities online, at the branch or an ATM. The Charlotte, N.C.-based bank sees an opportunity to leverage smartphones as “an extension” of the branch, in turn creating “a better client experience across all of our channels,” Ken Meyer, chief information officer of…

The $336 million Farmers & Merchants Bank of Colby, located in Colby, Kan., is one of seven financial institutions that chose Fiserv’s Mobiliti mobile banking and payments platform in August, according to an FI Navigator report provided to Bank Automation News. The other FIs include: $324 million CIBC National Trust Company, based in Atlanta; $309…

SEATTLE — Financial institutions are looking beyond so-called tech cities in the hunt for cloud engineers amid a surging demand for top talent. The market for cloud engineers is so hot, in fact, that $532 billion Truist Bank is scouting for talent in lesser-known areas of the U.S., Bryce Elliott, chief information officer for wholesale…

If you want to see the future of commercial banking, it’s already here, in the form of software-embedded payments. For commercial banks the opportunities to unlock new revenue growth are unparalleled. But for banks that aren’t prepared, embedded payments could prove an existential threat. Dimitri Dadiomov, CEO and co-founder, Modern Treasury Over the last 10…

Here is our pick of the 3 most important stablecoin stories during the week. How much interest is there in stablecoins? Interest rates are returning to Financial Markets and with it comes extra income for the existing private stablecoin issuers, in the meantime interest as in focus seems to be waning in the CBDC or Central…

Provenir announced a new partnership with Inovatec Systems. The partnership will enable auto lenders on Inovatec’s LOS platform to access Provenir’s risk decisioning solutions Headquartered in New Jersey, Provenir has forged partnerships with TransUnion, Kueski, and Provu in recent months. Real-time risk decisioning software company Provenir announced a new partner today. The Parsippany, New Jersey-based…

Agora Data received a $100 million revolving credit facility from Credit Suisse. The company anticipates the funds will help it expand how it delivers capital to loan originators who offer in-house financing. The news comes just under a year after Agora Data unveiled its reducing rate line of credit. Auto lending technology company Agora Data…