FDX moves 12 million consumers away from screen scraping
The Financial Data Exchange (FDX) is trying to create a standardized environment for banks, third-party fintechs and consumers to share financial data. Don Cardinal, managing director of FDX, said the...
View ArticleBank Innovation unveils Build as virtual event
Bank Innovation is proud to announce the Bank Innovation Build 2020 Virtual Experience, designed to provide industry professionals the insights, strategies and best practices to propel their innovation...
View ArticleWeekly Wrap: Fintechs during civil unrest, and Varo’s big Series D
Protests launched around the country this week in response to systemic racism and police brutality. Many fintechs rallied for social justice on Twitter, but their offline actions were a mixed bag. Varo...
View ArticleVanessa Colella, Citi’s chief innovation officer, to headline BI Build fireside
Vanessa Colella, Citibank’s chief innovation officer and head of Citi Ventures, will sit down for a fireside chat at Bank Innovation Build, which takes place from Sep. 9-10 in a digital format. “Now,...
View ArticleBBVA partners with Visa Direct, tees up product expansion
BBVA is developing additional features and products for its Open Platform service after integrating with Visa Direct to bring real-time payments onto the platform. The Birmingham, Ala.-based bank is...
View ArticleMastercard takes step away from cards with $825 million deal
Mastercard Inc. made another push away from traditional card payments with an $825 million deal to acquire technology firm Finicity. The purchase gives Mastercard more tools that help banks speed up...
View ArticleAlerus, Fiserv launch financial wellness tool
Alerus Financial, a Grand Forks, N.D.-based institution with more than $2.3 billion in assets, is providing customers with comprehensive financial wellness scores through a partnership with Fiserv....
View ArticleEuromonitor: Consumers don’t trust business to handle data
It seems consumers still haven’t come around to trusting business with their digital security. According to Euromonitor International’s Digital Consumer Survey 2020, which came out this week, just...
View ArticleBanking Automation Summit unveils virtual event format
Bank Innovation is proud to announce the Banking Automation Summit 2020 virtual experience on Nov. 9-10, an event designed to provide industry professionals the insights, strategies and best practices...
View ArticleRoyal Bank of Canada, First National Bank of Omaha join BI Build speaker faculty
Top executives from Royal Bank of Canada and First National Bank of Omaha are slated to speak at the Bank Innovation Build digital event on Sept. 9-10. Taking the virtual stage will be Rami Thabet,...
View ArticleWatch: Chris Tremont on Radius Bank’s tech roadmap
Radius Bank reaches a national customer base through its digital channels and powers banking services for fintechs like Brex and NorthOne. It’s a business plan the former community bank, which was...
View ArticleWells Fargo tees up international payments gateway
The rise in e-commerce has pushed Wells Fargo to begin development on a gateway product for business clients that will support international transactions online, Colleen Taylor, head of merchants...
View Article5 Questions With PNC Bank CIO Ganesh Krishnan
In this monthly Q&A segment, Bank Innovation directs five questions to executives and industry thought leaders who highlight technology and innovation trends in financial services, exploring...
View ArticleJPMorgan Chase’s Sairam Rangachari to speak at Bank Innovation Build
Sairam Rangachari, global head of digital channels and open banking for wholesale payments at JPMorgan Chase, will speak at Bank Innovation Build, which will be presented in a fully digital format...
View ArticleData aggregators push to meet banks’ PFM needs
As banks race to launch sophisticated personal finance management tools, data aggregators are developing solutions to help their bank clients paint accurate, insightful pictures of consumers’ financial...
View ArticleInside Look: The state of open banking in the U.S.
Tucked in the middle of the massive financial services regulatory overhaul that is Dodd-Frank, are about 300 words that still aren’t enforced: Section 1033, which provides consumers the right to access...
View ArticleWeekly Wrap: Examining the state of U.S. open banking and FIs eye...
More than 70% of executives predicted that spending on banking innovation will increase in the next two years and that the industry is poised for growth, according to a recent INV Fintech survey. Many...
View ArticleWells Fargo’s Ben Soccorsy to speak at BI Build
Ben Soccorsy, senior vice president and head of digital payments for Wells Fargo virtual channels, will speak at Bank Innovation Build, which will be presented in a fully digital format Sept. 9-10. He...
View Article2020 election: How will the election results impact U.S. open banking?
The 2020 presidential race is in full swing, and speculation about whether President Trump will energize enough of his base to stave off former Vice President Joe Biden has dominated headlines for...
View ArticleHow open banking will force banks to adopt the cloud
Banks may need to share information with other financial institutions sooner than they thought. That will cause companies to finally embrace the cloud. At some point over the next few years, banks will...
View ArticleOpen banking and best practices in innovation risk management
Creating data sharing agreements that work The future of data aggregators The state of open banking in the U.S. and lessons learned from overseas Presenter: Sairam Rangachari, Global Head of Digital...
View ArticleCase studies on getting digital transformation back on track
Addressing capability gaps through fintech partnerships Encouraging fintech engagement through open APIs Best practices for a streamlined operations and integration Panelists: Herman Man, Chief Product...
View ArticleAPI-based data sharing ‘ahead of the adoption curve,’ FDX’s Cardinal says
Banks and fintechs are moving away from credential-based data sharing as they migrate to API-based solutions. Don Cardinal, managing director of the Financial Data Exchange, compared the adoption of...
View ArticleWeekly Wrap: API-based data sharing and bank spending take center stage
This week, Bank Innovation sat down with Don Cardinal, managing director of the Financial Data Exchange, to talk about the adoption of API-based data sharing. One way to get more small and mid-size...
View ArticlePlaid expands reach with Jack Henry partnership
The shift toward API-based data sharing is gaining momentum. Data aggregator Plaid announced today it is partnering with core provider Jack Henry to make Plaid Exchange, an API-based data-sharing...
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