Category: Trade & Industry

Banking software provider Blend is partnering with Navy Federal Credit Union (NFCU). The partnership will enable NFCU to reimagine its digital account opening process for new members with greater automation and enhanced workflows. Blend made its Finovate debut in 2016, presenting its technology at both FinovateSpring and at our developer’s conference, FinDEVr Silicon Valley. Cloud…

For many, FinovateEurope is like a family reunion. For others, it’s all about the new trends and tech that will change the course of finance. Find out what brings everyone back to FinovateEurope – check out our event highlights. [embedded content]

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade. The deal to settle SVB’s fate could help tamp down some of the turmoil that has engulfed the financial world, and shares of regional banks…

Citi Treasury and Trade Solutions is improving customer experience and growing its annual revenue through its platform modernization investments for better use of its data.  “Leveraging data-driven origination can activate possible incremental revenue and increase client confidence through customized solutions,” Naveed Anwar, global head of TTS digital and data at Citi Treasury and Trade Solutions,…

Data aggregation tools like those offered by Envestnet | Yodlee are helping banks attain an improved return on investments and enhanced customer experience, as financial institutions using the tool saw a 416% return on investment following a three-year period ending in January.   In addition, banks using Envestnet | Yodlee saw a net present value of…

Klarna partnered with OpenAI to offer ChatGPT users curated product recommendations. When users download the Klarna plug-in, they will be able to receive links from ChatGPT for curated products. The move comes as OpenAI rolls out plug-ins for a select set of users. Payments innovator Klarna has teamed up with OpenAI to bring ChatGPT users…

Kredivo Holdings has raised $270 million in Series D funding. The round was led by Japan’s Mizuho Bank. Square Peg Capital, Jungle Ventures, Naver Financial Corporation, GMO Venture Partners, and Openspace Ventures also participated. Kredivo will use the funding to enhance its status as a digital financial service provider, particularly via online lending, credit cards,…

Banks know that to gain a competitive edge in the market and better service customers, they must modernize their tech stack. There is a definite awareness of the challenges that legacy core providers face in keeping up with the evolution of today’s digital banking demands. However, much of the conversation has been centered on time,…

Cyberattacks are on the rise, with attempted payment fraud in the buy now, pay later segment seeing a 211% year-over-year increase, attempted payment fraud in fintechs was up 13% in 2022, and payment fraud losses are anticipated to grow 17% YoY to $48 billion by the end of this year.   The increases were revealed…

TD Auto Finance plans to launch an integrated digital experience in the third quarter that allows customers to manage their auto loan using the bank’s mobile app.   “The folks who take out an auto loan through our dealer network, once they’re in our book, [we’re] making sure that they have a fully integrated mobile or online…