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FinTechs Link With FIs Down Under And Beyond

PYMNTS

Increasingly, digital strategy is in the purview of banks and non-bank lenders, who in turn are seeking pairings with FinTechs. The insurance FinTech, said the site, will seek to offer insurance contracts that are binding in real time, whereas traditionally insurance companies have finished the process. million USD.

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HSBC Pairs With AI FinTech On Compliance

PYMNTS

The plan was disclosed by Chief Operating Officer Andy Maguire, said Reuters. That board is tasked with offering insight and guidance when it comes to HSBC’s digital strategy. The newswire stated that the company seeks to automate anti-money-laundering investigations, taking those tasks from human eyes and hands.

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J.P. Morgan Looks Toward Payments Modernization

PYMNTS

While the trend of corporate treasurers seeking ways to enhance the global visibility of bank accounts and payment flows was clearly there well before the pandemic, said Georgakopoulos, what changed was a sense of urgency from clients to move to a digital environment with a renewed focus on guiding their organizations through the volatility.

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CellPoint Mobile Rebrands As CellPoint Digital To Power Travel Payments

PYMNTS

. “I am very excited to unveil our new brand, which captures our ambition and capability as both FinTech and travel tech specialists. “But even more important is what happens behind the scenes: the cross-channel unification that allows total visibility of all customer data.

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Why agile banks are relying on hybrid cloud

Insights on Business

Not only are financial institutions being squeezed by growing costs and continued margin pressure, agile FinTechs are driving an imperative for hybrid cloud banks to become more open and agile in order to offer more compelling services to clients. Improved operational efficiency. Cloud is how they are getting there.

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Bank of America Lays Foundation for Merchant Payments-Focused Lab

Bank Innovation

EXCLUSIVE – After its recent partnership with digital product Innovation Company Stuzo, Bank of America’s merchant services business is laying the foundation for an innovation lab. “It

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Reinventing Financial Services

Insights on Business

From pressures around data security, a constantly evolving regulatory environment, and disruptive new players (fintechs)—all amplified by cost pressures and diminishing margins—it’s clear that business models need to quickly adapt. We’ve been long saying that financial services firms today are undergoing a radical transformation.