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Category: Banking Tech


Banking Tech, Mobile Banking

US Bankruptcy Filings Surge in 2023; Expected to Climb Further in 2024

January 4, 2024

Via: Blockchain News

The United States witnessed a significant surge in bankruptcy filings in 2023, with an overall increase of 18%, according to Reuters. This upswing has been largely attributed to the confluence of several economic factors, primarily post-pandemic economic changes and rising […]


Banking Tech, Mobile Banking

American Fintech Council Identifies Hurdles in CFPB Open Banking Proposal

January 3, 2024

Via: The Fintech Times

The CFPB proposed a change on personal financial data rights implementing Section 1033 of the Dodd-Frank Act. It has stated that it aims to finalise the rule in 2024, formally establishing consumers’ right to control and securely share their financial […]


Banking Tech, LendTech

BCFC taps Codebase Technologies and Atyaf eSolutions to launch lending app in Bahrain

December 20, 2023

Via: FinTech Futures

The launch of the app comes after the three-way partnership between the Bahrain-based financial institution, the open API banking solution provider and the digital web development agency was first announced back in August 2022. BCFC says Sahel will enable its […]


Banking Tech, Mobile Banking

Instant payments, BaaS and GenAI: A fintech industry review of 2023

December 20, 2023

Via: FinTech Futures

With the end of 2023 on the horizon, FinTech Futures takes a look back over a year full of highs, lows, innovations, challenges, and transformative moments across the fintech landscape, featuring insights from the likes of JP Morgan Chase, Citi, […]


Banking Tech, Mobile Banking

Customers more satisfied with National Banks, yet leave for better interest rates

December 19, 2023

Via: Fintech News

Although overall satisfaction with national banks slightly improved 5 points (on a 1,000-point scale) to 653 in 2023 from 648 in 2022, higher deposit interest rates at other financial institutions are driving customers to investment/wealth management and internet-only financial services […]


Banking Tech, Mobile Banking

InvesTex Credit Union selects Bankjoy for digital banking upgrade

December 18, 2023

Via: FinTech Futures

Through the partnership, InvesTex Credit Union says all its members will have access to Bankjoy’s digital banking platform, armed with a suite of digital and mobile banking features including online account opening and integrated loan applications. Bankjoy says its platform […]


Banking Tech, Mobile Banking

First Bank taps Backbase for engagement banking platform

December 18, 2023

Via: FinTech Futures

Founded in 1910, the family-owned bank provides commercial, retail and business banking services across the states of Missouri, California and Illinois, while also offering mortgage services in Kansas. It is now leveraging its partnership with Backbase, a Dutch provider of […]


Banking Tech, Mobile Banking

FinTech Futures: Top five stories of the week – 15 December 2023

December 15, 2023

Via: FinTech Futures

UK-based fintech SumUp has secured €285 million (around $307 million) in fresh funding as the company looks to pursue international growth opportunities and broaden its suite of payment services for SMEs. The company’s latest capital raise was led by Sixth […]


Banking Tech, Mobile Banking

US Eagle FCU partners Lumin Digital for digital banking

December 14, 2023

Via: FinTech Futures

Through a multi-year partnership, US Eagle FCU will make use of Lumin Digital’s cloud-based digital banking infrastructure, which includes features such as savings plans, financial guidance, personalised spending insights and real-time app updates. The new mobile app will enable individuals […]


Banking Tech, Mobile Banking

AI, BNPL and CBDCs: The industry’s fintech predictions for 2024

December 12, 2023

Via: FinTech Futures

2023 was a defining year for artificial intelligence, in particular generative AI (GenAI), which experienced a huge surge in popularity following the launch of ChatGPT in late 2022. As we move into 2024, Capgemini predicts AI will become “deeply rooted” […]


Banking Tech, Mobile Banking

The Fintech Power 50 2024 Unveiled at Fintech Connect

December 7, 2023

Via: The Fintech Times

The programme showcases 40 trailblazing companies and 10 of the most trusted industry leaders across the fintech ecosystem. Companies in the 2024 cohort – the fifth edition – span from countries including Canada, Europe, the Middle East, the UK and […]


Banking Tech, Digital Lending and Credit

The opportunity for banks to bring BNPL to small, medium-sized enterprises

December 6, 2023

Via: Fintech News

According to the U.S. Small Business Association, small businesses make up 99.9% of the nation’s business landscape. With such a large pool, one would expect that seamless access to financial services would be fairly easy to come by. But that […]


Banking Tech, Mobile Banking

Congratulations to the winners of the Banking Tech Awards 2023

December 1, 2023

Via: FinTech Futures

Now in their 24th year, the awards acknowledge key developments in banking, finance, and technology. This year, we recognised a broad range of organisations, from established players to emerging fintech start-ups. The awards ceremony took place at the 5-star Royal […]


Banking Tech, Mobile Banking

State of play: GenAI in financial services

November 29, 2023

Via: FinTech Futures

This month, Philip takes an in-depth look at GenAI in financial services. I’ve stayed away from writing a ‘state of play’ piece on generative artificial intelligence (GenAI) due to the sheer pace of change and my concern that any analytical […]


Banking Tech, Mobile Banking

Report: Increasing new customer acquisition and engagement in digital banking

November 15, 2023

Via: FinTech Futures

But for financial institutions of all sizes, there are key challenges and obstacles to success. What are these key challenges and obstacles and how are they overcome? Fintech Futures, with Moneythor, conducted a survey to identify key issues around new […]


Banking Tech, Digital Lending and Credit

Beyond a BNPL: Klarna Expands Growth Tools For UK, US and Swedish Businesses

November 13, 2023

Via: The Fintech Times

Specifically, Klarna is expanding its self-service advertising platform, ‘Ads Manager’, in the UK and Sweden. This will enable better engagement between retailers and high-intent shoppers. Then across the pond, Klarna has made ‘Creator Shops’ live in the US, in turn […]


Banking Tech, Mobile Banking

European Union Council and Parliament Reach Agreement on New Instant Payment Rules

November 10, 2023

Via: The Fintech Times

Instant payments enable people to transfer money within ten seconds at any time of the day, including outside business hours, not only within the same country but also to another European Union member state. The new instant payment rules will […]


Banking Tech, Mobile Banking

Two weeks until FinTech Futures’ AI Insights networking morning

November 8, 2023

Via: FinTech Futures

At this exclusive new event taking place in Blackfriars, London, you’ll get essential insights into the latest AI trends including generative AI, strategies and advancements, and what the future holds for the technology, and have the unique opportunity to connect […]


Banking Tech, Mobile Banking

US CFPB proposes supervising digital app providers, including crypto wallets

November 7, 2023

Via: Cointelegraph

The United States Consumer Financial Protection Bureau (CFPB) has proposed a rule to allow it to supervise large non-bank digital wallet and app providers. The rule is part of a larger move by the agency that has seen it extend […]


Banking Tech, Mobile Banking

FinTech Futures: Top five stories of the week – 27 October 2023

October 27, 2023

Via: FinTech Futures

UK digital bank Monese is parting ways with Thought Machine three years after signing up for its Vault core banking platform, with the company instead implementing new core tech developed in-house by the company’s recently launched fintech subsidiary XYB. Monese […]