FinTechs are connecting banks with tools such as integrated receivables that they can provide to their corporate customers — and offer them one view of all their payments. This technology has three components, including remittance matching, a single file for an enterprise resource planning (ERP)...
JPMorgan Chase developed an eWallet product for tech companies like Airbnb, Lyft and Amazon designed to help them provide customers with virtual bank accounts, Bloomberg reported on Wednesday (Nov. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Bank of America has teamed with IBM and its regulatory compliance arm, Promontory Financial Group, to create a cloud computing platform that has privacy, security and regulatory banking compliance protocols built in, according to a report by American Banker. Get the Full Story Complete the form...
There are several reasons why consumers might complain about the services provided by their traditional banks. Perhaps the worst, HM Bradley CEO Zach Bruhnke told Karen Webster in a recent conversation, is when one gets the feeling that their bank isn’t all that interested in...
South Korea has started a pilot-testing program for open banking, according to a release. The company started testing on Wednesday (Oct. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Marqeta, a card issuing platform, has introduced a new service called Marqeta Reserve Financing, which is designed to help businesses incorporate a reserve financing option into their workflow, according to a release. Get the Full Story Complete the form to unlock this article and enjoy...
The Clearing House (TCH) reported that 15 Jack Henry & Associates financial institutions (FIs) will use JHA PayCenter to connect to the RTP network, TCH said in a press release on Tuesday (Oct. 29). Get the Full Story Complete the form to unlock this article...
Russia’s Sberbank, which is trying to become more digitally inclined as a financial institution, said it is buying Gazprombank’s holding stake in Mail.ru, a Russian internet company, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
FinTech firms are delivering technology solutions to banks that can help them maintain their customer relationships — and generate income. As it stands, many larger banks — and even mid-sized banks — tap into treasury management solutions for two reasons. DadeSystems CMO Tom Berdan told PYMNTS...
