Tagged: banking

April 17, 2025 @ 3:52 pm By Omar Faridi  |  

UST FinX, the financial services platform from UST, and Thought Machine, the cloud-native banking technology company, announced a strategic partnership that makes “enterprise-grade banking technology accessible to financial institutions of all sizes.” Initially, the partnership will target its advantages for mid-tier US banks and credit… Read More

April 17, 2025 @ 3:51 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), the provider of intelligent, best-in-class banking solutions, announced that Zions Bancorporation has selected nCino as its technology platform as they “digitally transform their loan origination process.” Zions Bancorporation is a collection of “locally led and community-focused banks serving businesses, households and… Read More

April 14, 2025 @ 10:24 am By JD Alois  |  

Gibraltar-based Xapo Bank, a digital asset-friendly regulated bank, is reporting that Bitcoin trading volume hit record highs in Q1 2025 compared to the prior quarter. Xapo says that strong Euro and strong dollar (USDC) deposits have helped fuel the trading as Bitcoin prices dived. Xapo… Read More

April 14, 2025 @ 7:43 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) has released an assessment of the level of preparedness among local banks, in view of the amendments to EU banking regulations known as CRR3. This follows an industry-wide survey conducted in 2024, which revealed different “levels of readiness among… Read More

April 14, 2025 @ 6:37 am By Omar Faridi  |  

The microfinance institution HES Finances, a subsidiary of the Master Financial Group (MFG), has acquired the CapitalBanker MFI microfinance management solution from the software provider Capital Banking Solutions. In order to accelerate its growth and digitize its microfinance activities, HES Finances will now rely on… Read More

April 13, 2025 @ 3:37 pm By Michael Wong  |  

The National Bank of Oman (NBO) has launched a fully digital account opening feature on its mobile app, allowing users to open accounts without visiting a branch or submitting physical documents, as part of its broader shift toward mobile-first banking services. The app-based feature enables… Read More

April 12, 2025 @ 7:25 am By Omar Faridi  |  

Mayer Brown continues to expand its complex structured financing capabilities with the addition of two lawyers—Rudgee S. Charles and Jeff O’Connor—who have joined the firm’s Banking & Finance practice. Rudgee joins the firm’s New York office as a partner. Jeff joins the firm’s Chicago office,… Read More

April 10, 2025 @ 5:20 pm By Omar Faridi  |  

In a speech delivered at the Federal Reserve Bank of San Francisco, Federal Reserve Governor Michael S. Barr highlighted the transformative potential of bank-Fintech relationships in driving the integration of Generative Artificial Intelligence (GenAI) into the financial services sector. Barr emphasized that the interplay of… Read More

April 10, 2025 @ 11:19 am By JD Alois  |  

Solid, a banking platform, has filed for bankruptcy. According to filings submitted to the Bankruptcy court in Delaware, the company reports unsecured trade debt totaling approximately $760,000 with a limited amount of current revenue and approximately $7 million in cash on hand and approximately $2… Read More

April 8, 2025 @ 8:06 am By Omar Faridi  |  

  The Consumer Financial Protection Bureau’s (CFPB) recent shutdown caused a ripple across the industry and calls into question many regulations, including the status of the October open banking ruling. As the situation continues to evolve, CI caught up with Aaron Byrne, Head of Financial… Read More

April 6, 2025 @ 10:03 pm By Omar Faridi  |  

ClearBank, an enabler of real-time clearing and embedded banking, today announced a new regional partnership with Kraken, one of the world’s digital asset platforms. The extended partnership sees ClearBank provide Kraken’s UK based clients with GBP clearing services “enabling on and off ramps into the digital… Read More

March 31, 2025 @ 10:33 pm By Tony Zerucha  |  

In an uncertain economic environment in which overall consumer financial health, total deposits, annual household income and total investments are declining, retail bank customer satisfaction is on the rise. According to the J.D. Power 2025 U.S. Retail Banking Satisfaction Study, released this week, this counterintuitive improvement… Read More

March 29, 2025 @ 11:05 am By Omar Faridi  |  

CommBank is reportedly establishing a Tech Hub in Seattle, Washington (US), to advance the bank’s technology leadership and delivery of improved customer experiences by equipping teams with the skills needed to stay ahead. CommBank Chief Executive Officer, Matt Comyn said, “As the rate of global… Read More

March 26, 2025 @ 11:16 am By JD Alois  |  

FV Bank says it has added SWIFT to its platform. The code is ITTLPRS2XXX. FV Bank is based in Puerto Rico and licensed to operate in the US. The bank provides a wide range of traditional banking services while supporting the digital asset ecosystem. By… Read More

March 25, 2025 @ 8:04 am By Omar Faridi  |  

Ever faced frustrating wait times with your bank’s customer service or wished for 24/7, personalized financial support? The solution lies in the next innovative wave: Agentic AI. Agentic AI represents a leap in technology—an autonomous system that not only sets goals but also analyzes, decides,… Read More

March 24, 2025 @ 11:15 am By Omar Faridi  |  

Standard Chartered (LON: STAN) announced the launch of its whitepaper titled ‘Frictionless reconciliation and allocation of cash: Can the adoption of ISO 20022 XML turn this dream into reality?’(Opens in a new window). Developed in partnership with Zanders, the whitepaper offers perspectives and seeks to… Read More

March 24, 2025 @ 12:53 am By Omar Faridi  |  

UK’s digital bank Monzo noted that their engineering team has created Monzo Stand-in, which is described as a fully independent backup bank complete with its own data, software, and infrastructure. This system can reportedly become effective / go live instantly during outages, ensuring customers retain… Read More

March 21, 2025 @ 4:17 pm By Omar Faridi  |  

WealthKernel, a digital investing infrastructure provider, announces a new partnership with Round Treasury, a banking and treasury platform that aims to simplify and help businesses manage their treasury and cash. Managing cash flow remains a challenge for founders, as traditional banking solutions are typically “not… Read More

March 21, 2025 @ 11:01 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) announced that it will no longer examine its regulated institutions for “reputation risk” and is removing references to reputation risk from its Comptroller’s Handbook booklets and guidance issuances. These actions reportedly aim to support the OCC’s… Read More

March 20, 2025 @ 10:35 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has joined forces with the Commercial Bank of Dubai (CBD) to train the bank’s employees in the fields of data and AI. As the first bank in the UAE to launch an enterprise-wide data literacy program, CBD says that it is setting… Read More