Morgan 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....
View ArticleZelle Reports Record High Payment Value, Volume in Q1
Zelle, the P2P payments service run by Early Warning Services LLC, reported $39 billion in transaction value for the first quarter of 2019, representing a 54% year-over-year increase in payment value...
View ArticleMore Deals, Less Funding for Fintechs in Q1 2019
The number of fintech funding deals in the first quarter this year recovered from the previous quarter's dip, but it's still not near the record highs seen in 2018, according to a CB Insights report....
View ArticleGlobal Payments acquires TSYS for $21.5b
The consolidation wave among payments companies got a major boost today with Global Payments’ acquisition of Total Payments Systems (TSYS) for $
View ArticleCan the US draw lessons from Czech contactless card adoption?
As contactless payments gain wide adoption in Europe, there are questions around how quickly the technology will scale to U.S markets. The Czech Repub
View ArticleINV Fintech accelerator signs up BMO Harris Bank
INV Fintech has secured BMO Harris Bank as a member of its accelerator and technology innovation platform, INV announced today. INV Fintech, the sister accelerator to Bank Innovation, fosters...
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