Wealth-tech giant Envestnet is ramping up its investment in data and analytics to increase subscription-based revenue and create new products.  The data and analytics business at Envestnet, which generates subscription-based revenues across open banking and alternative data offerings, generated revenue of $35 million in the first quarter, down 8% year over year, partly driven by…

Global Payments has received EU regulatory approval and is launching a joint venture with CommerzBank — Commerz Global Pay — this month.  CommerzBank, based in Frankfurt, Germany, will use Global Payments’ point-of-sale and digital payment solutions for its commercial clients across the EU , Cameron Bready, chief executive of Global Payments, said during Global Payments’…

Talking about trust, the other side of the coin is what is the bank doing to protect privacy? Increasingly, due to regulatory concerns, banks are becoming government spies. They are watching our every move and reporting it. This recently cropped up on my personal radar when the bank became my interrogator and grilled me about……

Talking about trust, the other side of the coin is what is the bank doing to protect privacy? Increasingly, due to regulatory concerns, banks are becoming government spies. They are watching our every move and reporting it. This recently cropped up on my personal radar when the bank became my interrogator and grilled me about……

Daloopa, a startup building AI to extract info from financial reports and investor presentations, has raised cash in a new funding round. © 2024 TechCrunch. All rights reserved. For personal use only.

Bank Automation News is pleased to announce that the inaugural Bank Automation Summit Europe 2024 will take place Oct. 7-8 in Frankfurt, Germany, at the Hilton Frankfurt.   Located in one of Europe’s top three financial hubs and co-chaired by Angela Yore, founder and managing director of media and marketing consultancy firm SkyParlour, this premier…

Digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the company has told TechCrunch exclusively. The additional features puts the company in even more direct competition with the likes of Brex and Ramp, two rival fintechs that have for…

I’ve recently been seeing more and more about eugenics. Eugenics is a supposed scientific way to develop the perfect human, immune to disease and designed to live long and prosper (as Spock would say). A more formal definition comes from The National Human Genome Research Institute: Eugenics is the scientifically erroneous and immoral theory of “racial……

Things we’re reading today include … BBVA proposes merging with Banco Sabadell to create a European leader – NEWS BBVA HKMA Launches FiNETech to Bolster Fintech Collaboration Across Hong Kong | The Fintech Times UK fintech raises £800M for AI that determines how much money you can borrow (thenextweb.com) Chinese fintech Ant to expand into……

NEW YORK — Tech provider FIS debuted its embedded finance platform, Atelio, in its Investor Day presentation today as its tech leaders discussed growth strategies.   Atelio allows software companies, enterprises, banks, fintechs and developers to embed financial capabilities into their platforms via API and software development tools, Tarun Bhatnagar, president of platform and enterprise…