As payments giants combine, Square narrows its focus
Mega-mergers in the payments sector appear to be leading Square to narrow its business focus and boost investment in its seller and Cash App ecosystems. To help fuel its investments, the payments...
View ArticleInside OTP Lab, Eastern Europe’s most adventurous bank innovation effort
It might have $55 billion in assets and 18.5 million customers in 10 countries, but OTP Bank, one of the largest financial institutions in Central and Eastern Europe, might be one of the most...
View ArticlePayActiv adds instant payday advances to lure more employers to its platform
PayActiv is tapping into the demand for employee payday advances by linking up with employers to offer the feature directly through payroll. PayActiv's growth is evidence of the strong demand for...
View ArticleGulf Capital, a ‘de novo’ bank, to launch without legacy tech
Gulf Capital Bank, Houston’s first new bank to launch since 2009, will open its doors by early next year. It confirmed on Monday that it received conditional approval from the Texas Department of...
View ArticleINV Fintech’s pivot to bank enablement evident in new accelerator class
INV Fintech’s new class, announced today, solidifies the accelerator’s pivot to greater bank enablement. INV has refocused its operations within the last year on FI enablement, and the new class –...
View ArticleMorgan Stanley sees threats to legacy core providers’ business models
Core banking providers FIS and Fiserv face pressure from banks' growing in-house tech investments as well as fintech competition, Morgan Stanley reported in a research note this week. The study argued...
View ArticleCore banking startup Neocova to serve challenged niche of small banks
The popular refrain in the industry is “innovate or die,” but community banks face added obstacles resulting from the costs and structural limitations of working with core tech providers. A recent Bank...
View ArticleJack Henry the newest core provider to offer a digital bank in 90 days
Core providers are rolling out digital bank toolkits that can launch a new offering within 90 days, and Jack Henry is the latest contender to join that race with BankAnywhere, a cloud-based system for...
View ArticleFiserv: Open banking key to banks’ survival
As banks continue to explore best practices around handling customer data, insight from core technology provider Fiserv suggests open banking can help banks compete with fintechs and large incumbents...
View ArticleFiserv dives into cashierless checkout
With the growth of smartphone use and online shopping, merchants are increasingly adding cashierless checkout options. This includes the Amazon Go-style “walk in, walk out” system, along with hybrid...
View ArticleGCB raises $93M to build digital tools for customers
Houston-based Gulf Capital Bank recently completed a capital raise of $93 million. With the funding, the bank plans to invest in its digital capabilities, providing services that include mobile...
View ArticleFintechs launch SBA PPP platforms amid stimulus scramble
As banks scramble to stand up digital interfaces and participate in the SBA Paycheck Protection Program (PPP) that launched today, fintech providers are rolling out different technology platforms to...
View ArticleSBA loan platforms could be fintech’s ‘big moment’
A handful of fintech providers are bringing SBA Paycheck Protection Program loan platforms to market, a move that could be the industry’s moment to shine. “The real opportunity here is going to be the...
View ArticleLenders brace for PPP round 2 with automation, APIs
Armed with automation, APIs and experience, lenders across the country are making preparations to process the torrent of Paycheck Protection Program loans expected when the Small Business...
View ArticleTemenos and Microsoft partner on cybersecurity software
The Swiss banking technology company Temenos is teaming up with Microsoft to help banks implement crime-fighting software for financial institutions. Through the partnership, banks can trial the...
View ArticleINV Fintech unveils slate of 10 startups for newest accelerator cohort
INV Fintech, Bank Innovation’s sister accelerator, announced its ninth class today of 10 startups from around the world. The startups were selected after a rigorous review process by INV Fintech and...
View ArticleFiserv launches AI banking assistant
Fiserv, a core technology provider, has launched a conversational AI technology tool that allows customers to type or speak their inquiries to get real time answers and follow up actions. Lenders can...
View ArticleBanks prep for PPP forgiveness as fintechs brace for changing regs
Community banks led the charge through the origination process of the Paycheck Protection Program, answering the call of many small businesses shut out from larger financial institutions. According to...
View ArticleFiserv-powered kiosks help Hawaii through pandemic
Hawaii State Federal Credit Union is speeding up the integration of its interactive branch kiosks (IBK) to better serve their customers amid the coronavirus pandemic. These enhanced ATMs allow...
View ArticleAlerus, Fiserv launch financial wellness tool
Alerus Financial, a Grand Forks, N.D.-based institution with more than $2.3 billion in assets, is providing customers with comprehensive financial wellness scores through a partnership with Fiserv....
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