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Tag: BAS Fall22

Shaky economy alters fintech investment

Investments in fintechs dropped in the first half of 2022 compared with high funding volume in 2021 as interest rates continue to rise. However,...

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Seattle Bank explores BaaS, embedded finance

Seattle Bank is preparing to enter the banking as a service and embedded finance markets as part of its digital banking and post-core conversion...

Citizen developers pose opportunities, risks

Citizen developers could prove essential for financial institutions (FIs) looking to ramp up automation efforts while avoiding compliance pitfalls. Banks that test applications using...

Open banking will reach 304M users by 2026

Open banking is predicted to grow nearly 680% by 2026 to 304 million users as regulations, technology and consumer awareness of their data improves....

Truist improves CX with smartphone biometrics

Truist is enhancing its mobile banking capabilities to allow customers to validate their identities online, at the branch or an ATM. The Charlotte, N.C.-based...

Mastercard’s Finicity speeds data sharing for lenders

Finicity, a wholly owned subsidiary of Mastercard, is partnering with banks to allow customers to instantly verify their identities, employment status and assets for...

Banks scout for talent outside ‘footprint’ cities

SEATTLE — Financial institutions are looking beyond so-called tech cities in the hunt for cloud engineers amid a surging demand for top talent. The...

Ally Financial uses RPA, AI to combat synthetic identity fraud

SEATTLE — Ally Financial is using robotic process automation (RPA) and artificial intelligence (AI) to identify the fraudulent paystubs commonly used in conjunction with synthetic identities.  ...

Reskilling, rethinking to embrace cloud technology

SEATTLE — Cloud engineers are in high demand as financial institutions seek to digitalize their cores and update their processes, but finding talent comes...

Embedded finance ups stakes for responsible data use

SEATTLE — Embedded finance adoption is highlighting the importance of responsible data usage for banks and fintechs. As demand for real-time payments surges, customers...

3 automations Citi Ventures is eyeing for investment in 2023

SEATTLE — Citi Ventures is investing in fintechs that focus on data security and developer productivity this year and is already eyeing an expanding...

U.S. Bank focuses on APIs, automations to streamline workflows

SEATTLE — U.S. Bank is tying its APIs into a workflow within the bank’s central tools to automate previously manual services and streamline bank...

Lenders must satisfy regulators’ cloud inquiries, Truist’s Elliott says

SEATTLE — Lenders migrating to the cloud must fully understand their technology in order to satisfy potential inquiries from regulators, Bryce Elliott, Truist’s Chief Information...

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