Open Banking and bank-FinTech collaboration are the new norm for financial institutions around the world looking to upgrade their offerings for small businesses (SMBs). In this week’s examination of the latest tie-ups, collaborations emerge from India and Qatar to the U.S. and beyond, with small...
Bank of America is developing a new cash-flow forecasting solution for its corporate customers in conjunction with a FinTech partner. On Monday (Nov. 4), Bank of America said it is gearing up to bring its CashPro Forecasting IQ solution to market after a successful proof...
MX, a Utah-based technology startup offering a data cleansing and analytics platform for the finance sector, has just announced a $100 million investment. Crunchbase reported Tuesday that Battery Ventures led the investment round in MX, while Point72 Ventures, Sorenson Capital, Pelion Venture Partners and other...
In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always...
June 21, 2019
Consumers’ lives are becoming more digitally focused, which means it’s natural and expected that credit unions (CUs) are feeling the pressure to raise the level of their services across channels. This fact is borne by data in the latest edition of the Credit Union Tracker, a PYMNTS collaboration with PSCU, which found that 59.9 percent […]
May 03, 2019
Keeping global commerce moving requires rapid-fire, cross-border B2B payments. As financial institutions (FIs) and other corporates seek to keep pace, many are turning to application program interfaces (APIs) to help....
April 16, 2019
Being open about Open Banking means adopting technological change, even though there’s no requirement to do so. As Red Hat’s Justin Goldsmith, senior consulting architect, explains in the latest “State...
March 19, 2019
One cannot run a mainframe in the cloud. No one will ever beat the speed of light. Oh, yeah — and no one wants to lose their data to sloppiness, inefficiency...
September 02, 2025
Stripe said in comments submitted to the Consumer Financial Protection Bureau (CFPB) that while the regulator finalizes its revisions to the open banking rule, Rule 1033, it should ensure that banks do not “unlawfully charge access fees” for connecting consumers’ bank accounts to the financial products of their choice. Bloomberg flagged Stripe’s comments Tuesday (Sept. […]
November 30, 2018
HSBC, one of the largest banks in the world, wants to launch its new cloud-based anti-money laundering risk management system by next year, according to Reuters. In cooperation with Google Cloud, the...
October 01, 2018
Tesco Bank agreed on Monday (Oct. 1) to pay £16.4m in a settlement with the Financial Conduct Authority (FCA) due to a cyberattack at the lender in 2016. According to a...
September 06, 2018
Add another investigation to the roster of headlines swirling around Wells Fargo. As The Wall Street Journal reported on Thursday (Sept. 6), the Justice Department has opened an investigation into...