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Challenger banks have been slowly making their way into the mainstream banking sector. By offering competitive rates, unique services, and digital-first user experiences, this new breed of banks has disrupted the traditional banking scene, causing some incumbents to rethink their approach. This certainly seems to be the case with Credit Suisse, a 164-year-old bank. The Read more…
Paystand’s Zero Card, launched today, offers businesses a touchless, prepaid corporate expense ePayable solution that leverages Paystand’s zero-fee payment network to eliminate the cost of transaction fees. Geared to help mid-market businesses in particular, which often require a high degree of flexibility and control over their budgets, the Zero Card streamlines expense management operations such Read more…
The following is a guest post by Jake Rheude, Vice President of Marketing for order fulfillment company Red Stag Fulfillment. Fintech has dramatically shifted the way people and enterprises use and move money, and that’s increasingly impacting the world of ecommerce. While logistics is typically thought of a sloth when it comes to adopting innovative Read more…
A newly announced partnership between ThetaRay and Banco Santander will enable correspondent banks to better defend themselves against cybercrime. Specifically, Banco Santander will use ThetaRay’s anti-money laundering technology to detect activity in SWIFT traffic, risk indicators, and KYC data that may be indicative of money laundering. Banco already has begun deploying ThetaRay’s anomaly detection solution Read more…
As parts of the world inch toward a new normal in the face of the COVID-19 pandemic, fintech companies – including our Finovate alums – are increasingly finding their footing in an environment of health and financial insecurity. Companies are developing solutions to make it easier for small businesses, for example, to access relief funding. Read more…
The following is a guest post written by Apoorv Gehlot, founder of Matellio LLC, a software engineering studio based in California. Fintech has drastically improved the products and the services of the traditional financial services in the past few years. However, even after many financial institutions have readily adopted fintech services, there are still some Read more…
Eurobank Group is to overhaul its core and digital banking with Temenos’ T24 Transact and T24 Infinity, reports Martin Whybrow of Fintech Futures (Finovate’s sister publication). The project will cover the group’s international operations. It will start in Cyprus, with the intention of swiftly moving on to Eurobank Private Bank Luxemburg, with Eurobank Bulgaria AD (Postbank) Read more…
On Finovate.com Gusto Teams with Trainual to Automate Job Role Training. Finovate Global: Finn AI Powers Chatbots in South Africa; Token Drives Open Banking in MENA. Around the web Green Dot helps Walmart customers move more than $2 billion through the program’s virtual Vault savings program. Top Image Systems shareholders approve acquisition by Kofax. BuyerQuest Read more…
Ibanera has become the first iSignthis client to integrate core banking (CorePlus), SEPA and Swift interbank network technology (CoreConnect) to prospective customers, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). These products are offered via iSignthis’ wholly owned subsidiaries Probanx and UAB Baltic Banking Service (BBS).The parent company has said it is integrating the Read more…
Online invoice factoring innovator BlueVine has teamed up with recruitment industry software provider Bullhorn to give the company’s SME customers better financing options. Bullhorn is a cloud computing firm that specializes in helping staffing and recruiting companies better serve SMEs. This new partnership will provide yet another way for the company to support the business Read more…
Euro Exim Bank has signed up for Ripple’s payment network RippleNet – putting its digital currency XRP on a potential path to replace correspondent banking, reports Antony Peyton of Fintech Futures (Finovate’s sister publication). The bank was one of the 13 new financial institutions that have signed up for RippleNet. The others comprise SendFriend, JNFX, Read more…
As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe. Sub-Saharan Africa Mastercard partners with Kenya-based PSP, DGO Group, to enable 40,000+ African merchants Read more…