Category: Trade & Industry

Michigan State University Federal Credit Union is launching a personalized digital banking experience in the fall developed using a low-code, no-code digital banking solution by Nextly.  The solution allows $7.3 billion, East Lansing, Mich.-based credit union to provide customers with faster search functionality and financial insights while giving the credit union the ability to tailor…

The U.S. federal government’s instant payment service network FedNow will launch in July, triggering financial institutions and tech providers to come together to prepare operations for the new payment rail. “If you’re not focusing on FedNow, you probably should be,” Al Carpetto, lead solutions consultant on the payments team at Finastra, tells Bank Automation News…

Twitter has selected eToro to provide real-time pricing data for its $Cashtags feature. The $Cashtag will not only show real-time pricing data, it will also enable users to navigate to the eToro platform to view more information and make a trade. The news comes about a month after Twitter CEO Elon Musk said he thinks…

Financial institutions must consider personnel, physical security and technical security when safeguarding their data and operations against cybercrimes.   “You must look at all three as a combined piece, especially if you think about that personnel piece in a hybrid environment,” Sue Gordon, former Principal Deputy Director of National Intelligence, said at the recent CBA Live event in Las Vegas. “How…

Socure partnered with payments company Alacriti to bring identity fraud prevention to instant payments. The partnership comes as the transition toward instant payments gains steam in the U.S. Socure most recently demoed its digital identity verification technology at FinovateFall 2017. Socure and Alacriti have teamed up to bring third-party and synthetic identity fraud prevention to…

FinovateSpring is just over a month away, on May 23 through May 25, and we’re already excited to watch the stage fill with fresh fintech demos and discussions about the hottest industry topics. Just as fintech is a constantly changing industry, so are the conversations, advice, and relevant themes. So when we hit the networking…

Behavioral banking solutions provider exagens announced its fourth consecutive multi-year agreement with Desjardins. Desjardins has leveraged its relationship with exagens to bring the benefits of behavioral banking to its members. Exagens made its Finovate debut at FinovateSpring 2018. The company is based in Montreal, Canada. Behavioral banking solutions provider exagens has renewed vows with credit…

ID.me announced a $132 million funding round, bringing its total raised to $240 million. The company has brought on Samantha Greenberg as CFO. Today’s news comes a week after the company reached a major milestone– reaching 100 million registered wallets on its platform. Digital identity network ID.me announced it closed a $132 million funding round…

United Bank of Michigan added electronic signatures to its Federal Deposit Insurance Corp. coverage solution through its digital signature provider IMM as more bank clients became concerned about insurance following the collapse of Silicon Valley Bank last month. The $850 million, Michigan-based bank saw an influx of demand for its FDIC coverage solution through IntraFi’s…

Visa is teaming up with PayPal and Venmo for its new Visa+ service to allow customers to move money between more person-to-person digital payment apps.  The Visa+ pilot uses personalized payment addresses linked to PayPal and Venmo accounts to allow users to send payments without using a card, according to a Visa release. “Consumers continue…