Mastercard Engage adds fintech Amount to partner network

https://bankautomationnews.com/allposts/payments/mastercard-engage-adds-fintech-amount-to-partner-network/

Digital banking fintech Amount is now offering financial services solutions through the Mastercard Engage global partner network as the credit card giant enters the open banking space. Through an extended partnership that started nearly a year ago between the fintech and Mastercard Installments, a buy-now-pay-later consumer program, Amount is now supporting Mastercard customers by building […]

https://bankautomationnews.com/allposts/payments/mastercard-engage-adds-fintech-amount-to-partner-network/

Treasury Prime, Plaid team up for faster payments

https://bankautomationnews.com/allposts/payments/treasury-prime-plaid-team-up-for-faster-payments/

Banking-as-a-service (BaaS) provider Treasury Prime and API-data network fintech Plaid are partnering to deliver faster payments for financial institutions and their customers. Through the partnership which has been in the works for two years, Treasury Prime clients will have access to platforms including cash flow app Branch and budgeting tool Rocket Money to improve user […]

https://bankautomationnews.com/allposts/payments/treasury-prime-plaid-team-up-for-faster-payments/

5 banks renew Jack Henry partnership

https://bankautomationnews.com/allposts/core-cloud/5-banks-renew-jack-henry-partnership/

Financial institutions continued to invest in technology in the third quarter as mobile usership climbed and client preferences migrated further toward digital offerings. The shift to mobile banking has banks looking to tech providers — including Jack Henry’s Banno cloud-based digital banking platform, which enables online and mobile banking capabilities, and can be directly integrated […]

https://bankautomationnews.com/allposts/core-cloud/5-banks-renew-jack-henry-partnership/

Huntington digital checking acquisitions up over 200%

https://bankautomationnews.com/allposts/retail/huntington-digital-checking-acquisitions-up-over-200/

Huntington Bancshares’ online engagement and acquisition mix has grown significantly through technology investments and customer experience enhancements since the bank first embarked on its digital journey five years ago. The $179 billion Huntington’s digital checking acquisition increased to 46% this year, up 228% from 14% in 2017, according to the bank’s 2022 Investor Day presentation. […]

https://bankautomationnews.com/allposts/retail/huntington-digital-checking-acquisitions-up-over-200/

Listen: Deploying AI-based chatbots at community FIs

https://bankautomationnews.com/allposts/core-cloud/listen-deploying-ai-based-chatbots-at-community-fis/

Community banks can contend with their larger counterparts by leveraging artificial intelligence (AI)-powered chatbots to improve both customer experience and internal efficiencies.  Virtual assistants save valuable time and resources by routing customers to the appropriate digital channels based on their inquiries, Murali Mahalingam, senior vice president of AI business at Eltropy, tells Bank Automation News […]

https://bankautomationnews.com/allposts/core-cloud/listen-deploying-ai-based-chatbots-at-community-fis/

KeyBank’s Cugini joins Bank Automation Summit US 2023 speaker faculty

https://bankautomationnews.com/allposts/business-banking/keybanks-cugini-joins-bank-automation-summit-us-2023-speaker-faculty/

Dominic Cugini, chief information officer of service digitization at KeyBank, has joined the speaker faculty for the Bank Automation Summit U.S. 2023 

Dominic Cugini, domain chief information officer of service digitization at KeyBank
Dominic Cugini, domain chief information officer of service digitization at KeyBank

Cugini will speak on the panel “New approaches and techniques in RPA,” on Friday, March 3, at 9:05 a.m. ET at the Westin in Charlotte, N.C.

The panel will discuss methods of designing automation, and ways to build smarter and safer bots through artificial intelligence (AI) and robotic process automation (RPA) while automating verticals in banking. 

Bank Automation Summit U.S. 2023 brings together U.S.-based industry experts to discuss banking automation and technology topics — from embedded finance to customer service. 

Cugini joins the 2023 speaker faculty after having been a panelist at Bank Automation Summit Spring 2022 and Fall 2022 events last year, where he spoke on KeyBank’s RPA capabilities and eliminating digital platform redundancies. 

Learn more about Bank Automation Summit U.S. 2023 and register. 

Bank Automation Summit US 2023, taking place March 2-3 in Charlotte, is a crucial event on automation and automation technology in banking. Learn more and register for Bank Automation Summit US 2023.

https://bankautomationnews.com/allposts/business-banking/keybanks-cugini-joins-bank-automation-summit-us-2023-speaker-faculty/

Coveo launches AI-based cloud platform for FIs

https://bankautomationnews.com/allposts/core-cloud/coveo-launches-ai-based-cloud-platform-for-fis/

Canadian software-as-a-service (SaaS) provider Coveo recently launched a solution that answers business banking customers’ questions without the use of a call center.   The artificial intelligence (AI)-powered Coveo Relevance Cloud for Financial Services platform uses predictive search to aggregate data sources for customers’ lending, revenue and expense forecasting inquiries, Michael Jepsen, vice president of sales […]

https://bankautomationnews.com/allposts/core-cloud/coveo-launches-ai-based-cloud-platform-for-fis/

Earnings roundup: Big banks boost tech spend, focus on digital revamps

https://bankautomationnews.com/allposts/retail/earnings-roundup-big-banks-boost-tech-spend-focus-on-digital-revamps/

Technology spend at banks grew in the third quarter as mobile usership, tech partnerships and digital enhancements remained a priority for most of the larger financial institutions. The $1.6 trillion Goldman Sachs, for one, allocated $459 million for technology and communication in Q3, up 16% year over year. The $3.1 trillion Bank of America’s tech […]

https://bankautomationnews.com/allposts/retail/earnings-roundup-big-banks-boost-tech-spend-focus-on-digital-revamps/

Britain develops a lead in scrapping cash in everyday payments

https://bankautomationnews.com/allposts/payments/britain-develops-a-lead-in-scrapping-cash-in-everyday-payments/

Britain is taking the lead among major developed economies in moving away from cash in everyday payments, but more than two-thirds of people surveyed remain reluctant to go fully digital. That’s the conclusion of a survey by YouGov Plc for Bloomberg, which showed 57% of people in the UK rarely or never use cash in […]

https://bankautomationnews.com/allposts/payments/britain-develops-a-lead-in-scrapping-cash-in-everyday-payments/

Unleashing the power of hyperautomation in banking

https://bankautomationnews.com/allposts/center-of-excellence/unleashing-the-power-of-hyperautomation-in-banking/

As banks prioritize the move toward automation, they can take digitization one step further by looking to hyperautomation as the next logical step in their digital journeys to achieve streamlined workflows and drive faster outcomes.  Extending automation  The key difference between automation and hyperautomation lies in the scale of digitization, according to IBM.   Automation is […]

https://bankautomationnews.com/allposts/center-of-excellence/unleashing-the-power-of-hyperautomation-in-banking/

Bankman-Fried’s assets plummet from $16 Billion to zero in days

https://bankautomationnews.com/allposts/crypto-defi/bankman-frieds-assets-plummet-from-16-billion-to-zero-in-days/

The entire $16 billion fortune of former FTX co-founder Sam Bankman-Fried has been wiped out, one of history’s greatest-ever destructions of wealth. The downfall of his crypto empire — which filed for bankruptcy on Friday along with his resignation — means assets owned by the mogul once likened to John Pierpont Morgan have become worthless. […]

https://bankautomationnews.com/allposts/crypto-defi/bankman-frieds-assets-plummet-from-16-billion-to-zero-in-days/

Petrus urges Temenos top duo to exit, wants strategic review

https://bankautomationnews.com/allposts/core-cloud/petrus-urges-temenos-top-duo-to-exit-wants-strategic-review/

Activist investor Petrus Advisers is amping up the pressure on banking software maker Temenos AG, calling on the chairman and chief executive officer to resign and the rest of the supervisory board to start a strategic review including a potential sale. Max Chuard “is far out of his depth in a CEO role and should […]

https://bankautomationnews.com/allposts/core-cloud/petrus-urges-temenos-top-duo-to-exit-wants-strategic-review/

Envestnet partnerships enhance digital and automation efforts

https://bankautomationnews.com/allposts/retail/envestnet-partnerships-enhance-digital-and-automation-efforts/

Wealth tech giant Envestnet continued its tech modernization efforts in the third quarter, boosted by new partnerships, product launches and footprint expansion plans. As the Berwyn, Pa.-based company grew, its revenue, users and ultimately expenses in Q3 all inched up year over year: Envestnet’s total revenue inched up 1% to $306.7 million; The tech company’s […]

https://bankautomationnews.com/allposts/retail/envestnet-partnerships-enhance-digital-and-automation-efforts/

Transactions: Provenir taps Sekura for mobile fraud detection

https://bankautomationnews.com/allposts/core-cloud/provenir-taps-sekura-for-mobile-fraud-detection/

Risk decisioning platform Provenir is collaborating with mobile data intelligence provider Sekura to enhance fraud protection in the financial services industry.  The partnership gives Provenir’s clients — including buy-now-pay-later startup Zilch, Marcus by Goldman Sachs, and SoFi — access to a suite of identity verification, anti-fraud and online authentication services through global mobile operators via […]

https://bankautomationnews.com/allposts/core-cloud/provenir-taps-sekura-for-mobile-fraud-detection/

Open Lending’s cert volume declines QoQ

https://bankautomationnews.com/allposts/retail/open-lendings-cert-volume-declines-qoq/

Automation fintech Open Lending’s certified loan volume decreased for the second consecutive quarter in Q3 following six quarters of growth.  Total certified loans, or “certs,” decreased 5.3% sequentially and 14.5% year over year to 42,186, according to the fintech’s earnings presentation. Credit unions and banks accounted for 86% of certs while OEM certifications made up 14%.  “In the third quarter, […]

https://bankautomationnews.com/allposts/retail/open-lendings-cert-volume-declines-qoq/

Crossing the $10B threshold: Compliance considerations for banks

https://bankautomationnews.com/allposts/center-of-excellence/crossing-the-10b-threshold-compliance-considerations-for-banks/

Financial institutions approaching the $10 billion asset threshold are leveraging automation and APIs to ensure they have proper governance in place ahead of increasing regulator scrutiny. “Banks must have the ability to pull all of the data and information that regulators expect when they come in and start asking their questions,” Anna Kooi, national financial […]

https://bankautomationnews.com/allposts/center-of-excellence/crossing-the-10b-threshold-compliance-considerations-for-banks/

Jack Henry launches real-time payments solution

https://bankautomationnews.com/allposts/payments/jack-henry-launches-real-time-payments-solution/

Core provider Jack Henry has launched a person-to-person (P2P), open-loop payment solution that allows the transfer of money regardless of whether a transaction takes place on the same network.  The real-time payment solution gives customers a way to use their local bank to send and receive funds, allowing smaller financial institutions (FIs) to compete with […]

https://bankautomationnews.com/allposts/payments/jack-henry-launches-real-time-payments-solution/

Zenus Bank chooses Finxact for digital transformation

https://bankautomationnews.com/allposts/business-banking/zenus-bank-chooses-finxact-for-digital-transformation/

Zenus Bank has tapped cloud-native core banking solution Finxact to scale its digital transformation.  The San Juan, Puerto Rico-based bank’s new platform is expected to launch in April 2023 with Finxact capabilities operating on the Microsoft Azure cloud, Pedro Martinez, Zenus Bank’s chief information officer, told Bank Automation News. “We needed to rely on modern […]

https://bankautomationnews.com/allposts/business-banking/zenus-bank-chooses-finxact-for-digital-transformation/

ConnexPay raises $110M for tech enhancements

https://bankautomationnews.com/allposts/payments/connexpay-raises-110m-for-tech-enhancements/

Payments technology platform ConnexPay secured a $110 million investment last week from growth equity firm FTV Capital to help support technology enhancements and grow its international team, according to a release.  Minneapolis-based ConnexPay integrates payment acceptance and issuance inside a single platform using API documentation, according to the company’s website.  “With FTV’s proven track record […]

https://bankautomationnews.com/allposts/payments/connexpay-raises-110m-for-tech-enhancements/

U.S. Bank, Microsoft team up on embedded payments

https://bankautomationnews.com/allposts/payments/u-s-bank-microsoft-team-up-on-embedded-payments/

U.S. Bank embedded its payment capabilities into enterprise resource planning (ERP) solution Microsoft Dynamics 365 this week, giving Microsoft business clients access to digital payment tools. “Embedded payments can deliver powerful new ways for businesses to streamline processes, enhance visibility, deliver better experience and reduce risk,” Bill Borden, corporate vice president of worldwide financial services […]

https://bankautomationnews.com/allposts/payments/u-s-bank-microsoft-team-up-on-embedded-payments/