Back in October, the Consumer Financial Protection Bureau (CFPB) made public a new rule about data and data sharing. And it wasted no time signaling the intent behind it. In a press release issued Oct. 19, the CFPB said Rule 1033 “would accelerate a shift toward open banking, where consumers would have control...
Payments firm Orum has debuted a tool to help clients prevent failed payments. No Code Verify, announced Thursday (May 2), lets businesses and institutions determine if a bank account is open and valid before initiating payments, Orum said in a news release. It’s an extension of the...
The digital transformation of banking continues to reshape how financial institutions (FIs) are meeting the evolving expectations of consumers. And central to this evolution are partnerships, which play a pivotal role in enhancing customer experiences and streamlining financial processes. A recent collaboration between Bankjoy, a provider of digital...
OpenAI is reportedly stepping up its efforts to sell its artificial intelligence services to corporates worldwide. The company’s CEO, Sam Altman, hosted meetings this month in San Francisco, New York and London, each of which was attended by more than 100 corporate executives, Reuters reported Friday (April 12). The...
May 07, 2024
Back in October, the Consumer Financial Protection Bureau (CFPB) made public a new rule about data and data sharing. And it wasted no time signaling the intent behind it. In a press release issued Oct. 19, the CFPB said Rule 1033 “would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and would gain new […]
April 10, 2024
There’s no shortage of damage payments and social engineering fraud can do to a company as well as its member relationships. Creating silos within an organization usually isn’t one of...
April 03, 2024
Shadi Saifan, vice president of engineering at NCR Voyix, told PYMNTS in an interview that bridging the gap between the promise of open banking and making that promise a reality is...
March 18, 2024
Embedded payments, embedded lending and a continuing shift to virtual cards all demand a reconsideration of technical infrastructure. Banks, grappling with legacy back-end systems, and FinTechs, seeking to innovate within...
May 16, 2024
Digital payments company Aeropay has raised $20 million in new financing. The company, which specializes in pay-by-bank, announced the Series B funding in a Thursday (May 16) press release, saying it would use the financing to develop new products, enhance strategic partnerships and “explore greenfield opportunities.” Aeropay, which got its start in the cannabis and gaming industries, connects bank accounts […]
May 02, 2024
Payments firm Orum has debuted a tool to help clients prevent failed payments. No Code Verify, announced Thursday (May 2), lets businesses and institutions determine if a bank account is open and...
April 12, 2024
OpenAI is reportedly stepping up its efforts to sell its artificial intelligence services to corporates worldwide. The company’s CEO, Sam Altman, hosted meetings this month in San Francisco, New York and London,...
April 08, 2024
Kyriba and J.P. Morgan’s blockchain business unit, Onyx, are collaborating to streamline cross-border payments. Kyriba, a provider of liquidity performance solutions, will use Onyx’s digital currency and blockchain technology for cross-border payments, the...
