U.S. Bank announced Monday an expansion on its current eBill product that includes enhanced “Request for Payment” services in a bid help billers provide a better experience for its customers. According to the financial giant, U.S. Bank commercial clients can choose to have their bills delivered directly to them through their bank’s website or app. […]
Latest Posts
For a number of financial institutions, anti-fraud and anti-money laundering are two of the top priorities. However, within the compliance world lives various regulations, rules and practice areas that banks and companies need to be mindful of, and one of the many reasons millions of dollars have been pumped into “regtechs.” One company working to […]
Ocrolus, a financial document automation provider, and end-to-end cloud-based lending platform Blend, announced a strategic partnership which will embed Human-in-the-Loop (HITL) document analysis into Blend’s digital mortgage applications, according to a press release.
Monument Bank, a digital banking startup targeting affluent professionals, is cleared to launch in the UK following the Financial Conduct Authority removing regulatory restrictions from the neobank, according to a press release.
A slew of products designed to build a consumer’s credit history are on the market these days; however, San Francisco-based fintech startup TomoCredit is targeting a new niche: cash rich and credit poor.
[Opinion]
It seems crass to admit it, but periods of crisis drive innovation. While the jet engine, large-scale penicillin manufacturing and programmable computing would all have been developed in time, the Second World War massively accelerated the process, with the exigencies of war bringing us unimaginable dividends during the peace that followed.
But not every company has the time, money or motivation to match their desire to implement fintech services. This is a place where a company like Tern, a fintech-as-a-service provider, comes into play.
“We help people launch programs, through our technologies that are connected to a number of different processors and a number of different banks. We offer pretty much every fintech product available,” co-founder and CEO Brion Bonkowski said in an interview with FinLedger.
Bookkeeping automation provider Botkeeper announced Thursday a $42 million Series C financial raise led by Grand Oaks Capital, an investment firm established by Paychex founder and chairman Tom Golisano. Concurrent with the latest funding, Golisano will also take a seat on Botkeepr’s six-member board of directors. Founded in 2015, Botkeeper’s tech utilizes artificial intelligence and outsourcing […]
As long as fintechs have fought for community banks’ customers, the narrative has been the same: fintechs are technologically, financially and innovatively advanced compared to their local brick-and-mortar counterparts. Community banks are then displayed as hesitant and wary of new advances, having been spurned by previous vendors and overwhelmed by the options that may or may not be compatible with legacy systems.
A multi-currency central bank digital currency (mCBDC) network could potentially save global corporations up to $100 billion in transaction costs annually, according to a joint research report by JPMorgan and Oliver Wyman.
