Category: Trade & Industry
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Listen: U.S. regulations for open banking, digital wallets
Digital wallet providers are creating customer-centric experiences as more clients desire open banking with control over their finances. In this episode of “The Buzz” podcast, Curve U.S. Chief Executive Amanda Orson discusses what consumers want at the center of their financial universe amid lacking U.S. open-banking regulations. Banks can get ahead of regulatory scrutiny by…
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FIS Breaks Off Merchant Solutions, Plans to Restore Worldpay Brand
FIS is letting go of its Merchant Solutions business, along with the Worldpay brand, which it originally acquired for $34 billion in 2019. The company states that Worldpay needs a different capital allocation strategy to enable the brand “to pursue more aggressive investment opportunities, including M&A.” The spin-off is expected to take 12 months. FIS…
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Paytech HUMBL Launches Mobile Wallet
Paytech HUMBL unveiled its new mobile wallet this week. The new offering enables users to buy, sell, and hold digital assets, and includes a search engine and a social media platform. Currently available for Apple users, an Android version of the wallet is expected “soon.” California-based paytech HUMBL is the latest company to launch a…
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FinovateEurope 2023 Sneak Peek: BehaviorQuant
A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. BehaviorQuant brings behavioral science and machine learning to investment decisions. Their automated survey technology provides detailed data about financial professionals, clients, and investment teams. Features Improves performance for asset managers and teams Allows investors to select…
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FinovateEurope 2023 Sneak Peek: NF Innova
A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. NF Innova is dedicated to the digital transformation of banks by helping them provide state-of-the-art digital banking services to their customers. Features Delivers personal finance management in augmented reality Includes buy now – pay later shopping…
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FinovateEurope 2023 Sneak Peek: Ender Turing
A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. Ender Turing has created the fastest-to-value AI-based speech analytics for financial services companies. The platform improves the quality of service, customer experience, and front-end employee experience. Features Includes AI analysis of calls, chats, and e-mails in…
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Embedded finance is the ‘golden goose’ of fintech
We’ve seen a rise of innovation in financial services over the past few decades, which has brought us to the current boom of the embedded fintech market. Embedded fintech is the integration of financial services with non-financial business infrastructures, without the need to redirect customers to traditional financial institutions. The technology can be applied to…
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5 questions with … Banco Santander Global Chief Information Officer David Chaos
Banco Santander Global Chief Information Officer David Chaos is focused on cloud migration, modern technology and acquiring talent in his role at the bank. David Chaos, Global CIO, Banco Santander The Cantabria, Spain-based bank is migrating its core banking platform to the cloud through a partnership with Google Cloud, which was first announced in October.…
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Finastra rolls out asset liability solution amid rising interest rates
Technology provider Finastra is launching an asset liability management solution aimed at helping small- and medium-sized banks with their balance sheet and compliance needs. The cloud-based software-as-a-service (SaaS) solution, named ALM IQ, is a platform-agnostic microservice designed to help banks with data consolidation, operational efficiency and regulatory compliance, according to Finastra. “[Small banks] see that the…
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Checking in on Fintech in Africa
Fintech in Africa has experienced a growth spurt in recent years. Last month, investment banking firm FT Partners took a deeper look into the state of fintech in Africa in a report titled Fintech In Africa: Momentum is Building and the World is Taking Notice. The report examines underlying drivers of recent growth, offers details…