Jun 1, 2022
5 people you’ll hear at Digital Banking 2022
5 people you’ll hear at Digital Banking 2022
5 people you’ll hear at Digital Banking 2022 Source link
View On WordPress
seen from China
seen from United States
seen from Russia
seen from China
seen from Malaysia
seen from United States
seen from Ecuador
seen from Germany
seen from Germany
seen from China
seen from United States
seen from United States
seen from China
seen from China
seen from Malaysia
seen from United States
seen from China
seen from China
seen from Bangladesh
seen from United States
5 people you’ll hear at Digital Banking 2022
5 people you’ll hear at Digital Banking 2022
5 people you’ll hear at Digital Banking 2022 Source link
View On WordPress
Truist, TD Bank join group that pushes back on patent aggression
Truist, TD Bank join group that pushes back on patent aggression
Banks are tired of getting sued for using technology on which other companies hold patents, and they’re starting to push back. Patent aggression is when companies sue other companies for alleged patent infringement. It’s been on the rise: At least 125 suits were filed in the financial services industry in 2021, according to Anthony Blum, a partner at Thompson Coburn. In recent months Delaware…
View On WordPress
How Amazon, Apple, Facebook, Google are infiltrating financial services
How Amazon, Apple, Facebook, Google are infiltrating financial services
Mega technology companies such as Amazon, Apple, Meta and Alphabet, the parent company of Google, occupy the tricky space of being both a friend and perceived threat to traditional financial institutions. On one hand, their credit cards, buy now/pay later products and prospective deposit accounts depend on traditional financial institutions or fintechs to get off the ground. Banks are also…
View On WordPress
Congress passes 72-hour cyberattack reporting requirement
Congress passes 72-hour cyberattack reporting requirement
A bill that would require banks to report substantial cyber incidents and ransom payments to the federal government passed through Congress this week and now heads to President Biden’s desk. The House passed the Cyber Incident Reporting for Critical Infrastructure Act of 2022 as part of its omnibus spending package on Wednesday, and the Senate passed the legislation the next day. The Senate had…
View On WordPress
SoFi nabs another tech company in its quest to be a ‘one-stop shop’
SoFi nabs another tech company in its quest to be a ‘one-stop shop’
SoFi Technologies has targeted another acquisition in its quest to become a one-stop shop for financial services. The San Francisco company, which started as a lender that refinanced student loans and has diversified to offer other types of loans, investing, banking and more, announced on Tuesday that it is buying Technisys, a digital and core banking platform provider in Miami. Through its…
View On WordPress
Grasshopper Bank’s challenge: Designing apps for people who make apps
Grasshopper Bank’s challenge: Designing apps for people who make apps
“Reducing the friction of working with a financial services company for small businesses is probably the number one experience that we’re constantly focused on,” says Mike Butler, CEO of Radius Bank. Transcription below: Penny Crosman: (00:03)Welcome to the American Banker podcast, I’m Penny Crosman. Mike Butler is someone who’s been on our radar at American Banker for years when he was CEO of…
View On WordPress
‘Small banks are disappearing’: FDIC’s Jelena McWilliams
‘Small banks are disappearing’: FDIC’s Jelena McWilliams
“Early on in my tenure, I thought, who are the banks working in these communities that have traditionally not received banking representation, or have not been served as well as some other communities in the United States?” says FDIC Chair Jelena McWilliams. “And I realized that minority depositing institutions, so called MDIs, we also call them mission-driven banks, are it. I reached out to a…
View On WordPress
M&T's plan to use in-house data rather than cookies in messaging
M&T’s plan to use in-house data rather than cookies in messaging
M&T Bank is focusing on first-party data as a way to personalize the interactions it has with its customers. “A lot has been written about the ‘death of the cookie,’ ” said Chris O’Brien, vice president of marketing technology strategy at the Buffalo, New York, bank. “How do we get good at leveraging first-party data and using that within digital-media strategies, rather than relying on more…
View On WordPress