Smaller FIs Turn To Digital Vendors To Compete With Big Banks’ CX

Standard Chartered Offers Banking As A Service (BaaS) Through audax: Through audax, Bukalapak is offering current account and savings account services, debit cards and to its whitelisted users, lending.

Do Debit Card Round-Up Plans Hurt Consumer Savings?: Many financial firms offer round-up plans that allow a user to round-up an expense to the full dollar, or to another sum, such as $5, on every expenditure.

Outdated Credit Card Rewards Annoy Gen Z - What’s On Your Phone?

U.S. Regulators Are Promoting Open Banking Through Uniform Rules: The rule would give people have the power to share data about their use of checking and prepaid accounts, credit cards, and digital wallets.

CFPB Is Promoting Open Banking Through Uniform Rules: The rule would give people have the power to share data about their use of checking and prepaid accounts, credit cards, and digital wallets.

Offers Bank Consumers Control Of Their Data, Easier Bank Switching: The Personal Financial Data Rights rule proposed by the Consumer Financial Protection Bureau (CFPB) has generated more than 11,000 comments.

Neo Banks In The U.S. Have Grown, But They Aren’t Profitable: Neo banks offer features like savings envelopes, free short-term overdrafts and no fees but they struggle to become profitable.

Add To Your Pension When You Buy Groceries With Embedded Finance: Embedded finances now can include lending, insurance and wealth management.

First Covid, Now Convenience Spur Remote Banking: Remote banking applications that proved their value when bank branches closed during Covid are thriving as financial institutions and customers learned how to use them...

Financial Firms Should Develop Ecosystems — Broad Partnerships —To Upgrade Their Technology: HFS proposes partnerships, ecosystems in its term, as the solution for financial firms that are struggling to modernize their operations.

Many Active Asset Managers Stick To Outdated Models: Asset managers are either optimistic (Coalition Greenwich) or complacent (Northern Trust) about the future of active funds.

Finastra Launches Cloud-Based Payments Hub Ready For FedNow: Finastra, a global fintech company, has completed testing and certification for the FedNow real-time payments service which is scheduled to go live later this month.

Fed To Launch Real-Time Payments —Nationwide Adoption Could Take Years: The Fed is expected to launch FedNow, its real-time payments system, this month, but banks may take a little longer.

Microsoft Uses AI To Improve Its Dynamics 365 ERP System: Microsoft has added AI capabilities to Dynamics 365 to take some of the drudgery out of finance and project management.

Bud Financial Teams With Google To Provide Insights From Transaction Data: Bud Financial uses AI and transactional data in retail banking and wealth management to provide advice and prompts to customers.

Public Transit Needs Better And Cheaper Payment Systems: Improving digital payments on transit could be seen as a major green issue.

The Clearing House’s RTP Or FedNow For Instant Payments? Users Want Both: Businesses appear to be in favor of real-time payments, according to a survey by U.S. Bank, and a better payment experience is one of the top drivers.

LTX Corporate Bond Trading Moves To AWS For Better AI: LTX has migrated its electronic trading platform for corporate bonds to Amazon Web Services (AWS).

Real-Time FedNow Expected To Boost Instant Payments: When the Federal Reserve launches its real-time payments network, FedNow in July, it will be a major catalyst for growth in instant payments.

IBM Provides Highly Secure And Resilient Cloud For Financial Services: IBM has created a cloud practice aimed at regulated businesses, with a focus on financial services.

Monetary Authority Of Singapore (MAS) Joins Mojaloop Foundation For Financial Inclusion

Fintech — The Personal Stories Of The Money Hackers Who Have Changed Finance

Broadridge Signs With IBM For Greater Cloud Capabilities