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What are the biggest challenges facing banks when it comes to modernization and digital transformation? We checked in with Charbel Safadi, President, Modernization and Transformation, with Zafin, to hear his thoughts on what banks and other financial institutions are doing to future-proof their businesses and better serve their customers. Zafin made its Finovate debut in Read more…
Lithuania is one of those countries that punches above its weight in terms of fintech innovation. With a population of less than three million, the country boasts more than 260 fintech companies. It is the largest fintech hub in the EU when it comes to licensed companies. These fintechs, numbering nearly 150, represent the majority Read more…
International treasury services provider Neo announced today that it has cleared more than $10.5 billion (€10 billion) via its corporate multi-currency accounts since their launch three years ago. This includes a doubling of its cleared volume in less than a year, as its accounts for corporate treasurers reached $5.3 billion (€5 billion) already in 2023. Read more…
Last month’s launch of FedNow has sparked discussions on the future of real-time payments and their implications on banks and fintechs. In an interview with ConnexPay Founder and CEO Bob Kaufman, we look at the introduction of FedNow and how it stands to impact competition and adoption across the sector. The interview also sheds light Read more…
This is a sponsored post by Accusoft. Fintech software plays an instrumental role in the financial services industry today, facilitating customer access to financial products in a manner that enhances operational efficiency and suits individual needs. The advent of digital technology continues to transform financial institutions’ operations, pushing developers to innovate new applications that can Read more…
Payroll data connectivity platform Pinwheel unveiled Smart Branch today. The new tool gives banks a digital way to set up direct deposits for customers who come into their physical bank branch. “A customer’s account setup experience should automatically include direct deposit set up when they visit their bank,” said Pinwheel CRO Lauren Crossett. “For banks, it’s Read more…
As the going gets tough for crypto, will the underlying blockchain technology get going? That was one of the top takeaways from the conversation on cryptocurrencies, digital assets, and the blockchain at FinovateEurope in London last week. We may be in a crypto winter – if not, as author Steven Van Belleghem quipped during his Read more…
Payment operations platform Modern Treasury has teamed up with Silicon Valley Bank to create a new cross-border payments solution. Global ACH, the new tool, will allow mutual clients to send cross-border payments via local payment rails. The goal of Global ACH is to provide users an option other than the SWIFT network to send payments Read more…
Finzly has released an API connection to the U.S. FedNow Service. The API enables developers to test out the new set of payment rails in a sandbox environment. FedNow, the U.S. Federal Reserve’s real-time payment rails, is set to launch later this year. Banking-as-a-service provider Finzly released its new API that offers connection to the Read more…
U.S.-based banking association and payments network operator The Clearing House appointed a new CEO this week. David Watson will assume the leadership position from Jim Aramanda, who will retire at the end of this month. Watson comes to The Clearing House from SWIFT, where he served as Chief Product Officer. The Clearing House (TCH) is Read more…
U.K.-based fraud and financial crime prevention company Featurespace secured funding to help build an AI-powered prototype to fight money laundering and other financial crimes. The funding comes from both the U.S. and U.K. governments, and is part of an initiative supported by Innovate UK, the U.S. National Science Foundation, and messaging network SWIFT. Featurespace made Read more…
To ensure innovation success, it’s vital that financial services organizations can easily leverage and provision new fintech services and applications by seamlessly integrating with their existing production applications and data sources. But the true value and potential of fintech solutions can’t be unleashed until integration is quick and easy.