As financial services move increasingly online — even as value remains in branch experiences — FinTechs are looking for banking partners to expand their reach into traditional accounts and credit. Banks are mindful of the need to expand their tech stack and reach digitally-minded consumers....
Fifth Third Bank says it has introduced tools to make changing financial institutions easier. “Switching banks has historically been stressful — scheduling an appointment at a bank to fill out applications, figuring out HR processes to set up direct deposit for a new account, waiting for money to...
A top global banking regulator wants financial institutions to take more responsibility in outsourcing services. “Ongoing digitalisation has led to rapid adoption of innovative approaches in the banking sector,” the Basel Committee on Banking Supervision said Tuesday (July 9) in a new report on outsourcing. “As a result, banks...
Both the banking and business landscape are being reshaped by next-generation behavioral expectations. In order to meet these emerging end-user expectations, which tend to center around convenience, security and digital innovation, it has never been more important for financial institutions (FIs) to stand up competitive...
January 16, 2025
As financial services move increasingly online — even as value remains in branch experiences — FinTechs are looking for banking partners to expand their reach into traditional accounts and credit. Banks are mindful of the need to expand their tech stack and reach digitally-minded consumers. Partnerships are key on both sides of the equation. First […]
June 06, 2019
It’s not just technology that moves the world. Culture plays a huge role — as well as the sparks that often come from the tension when cultures clash. That promises...
June 04, 2019
Lead, follow or get out of the way — that seems to apply to the rise of Open Banking, which promises more financial services innovation, along with greater financial transparency and...
December 14, 2018
Whoa, mule. Pay.UK’s Faster Payments team said this week that it is deploying technology powered by Mastercard’s Vocalink, which uses machine learning and other advanced technologies to help banks identify...
January 21, 2025
Goldman Sachs has introduced an AI assistant for its traders, bankers and asset managers. Marco Argenti, the bank’s chief information officer, tells CNBC in an interview published Tuesday (Jan. 21) that it’s part of a larger artificial intelligence (AI) program that will ultimately take on the traits of a Goldman Sachs (GS) employee. The GS AI Assistant has […]
July 11, 2024
Fifth Third Bank says it has introduced tools to make changing financial institutions easier. “Switching banks has historically been stressful — scheduling an appointment at a bank to fill out applications, figuring out...
July 09, 2024
A top global banking regulator wants financial institutions to take more responsibility in outsourcing services. “Ongoing digitalisation has led to rapid adoption of innovative approaches in the banking sector,” the Basel...
June 10, 2024
JPMorgan Chase has reportedly named former PayPal executive Sri Shivananda as its chief technology officer. Shivananda will take up the CTO post later this month and succeed A.J. Lang, who announced his retirement...