I just got pinged with some research about which countries are trying to save money the most from Finansvalp, a Swedish price comparison service and information site that writes about and compares banking services. Usually I ignore such surveys and press releases – as they are generally not that exciting – but this one intrigued……

Regional banks are deploying technology to keep up with client demand and compete with major financial institutions.  The $62 billion Valley Bank joins other financial institutions, including the $18 billion Alliant Credit Union, $40 billion EverBank and $170 billion Navy Federal Credit Union, in investing in tech stacks to keep up with digital demands from…

TD Bank took a provision of $2.6 billion in the third quarter as it estimates the cost of fines from its U.S.-based money laundering compliance lapses.  During the Canadian bank’s Q3 earnings call, Chief Executive Bharat Masrani gave an update on TD’s remediation program resulting from the U.S. money laundering investigations. He said the bank…

Gather Federal Credit Union has selected credit underwriting platform Zest AI to reduce fraudulent activity during the loan origination and decisioning process.  AI-driven Zest Protect can help financial institutions fight identity fraud and identify fake documents during the loan procedure, Adam Kleinman, head of strategy and client success at Zest AI, told Bank Automation News.…

Jonny Fry, head of digital assets strategy at ClearBank and chief executive of TeamBlockchain, will be featured in a fireside chat at Bank Automation Summit Europe 2024 on Monday, Oct. 7, at 2:15 p.m. GMT +1.  The summit takes place Oct. 7-8 at the Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss…

Construction companies deal with a lot of documents — so many that it can be difficult to process and manage them all. According to one recent survey, a third of construction professionals found accessing documents to be a challenge in completing a project, while a fourth said that inaccurate project paperwork has contributed to a…

U.K. regulators are starting to look at the European Union’s Digital Operational Resilience Act, and are monitoring the resiliency and business continuity plans of critical industry enterprises, a trend that is leading to new transactions.   Software company Cockroach Labs Chief Executive Spencer Kimball told Bank Automation News, that the U.K. regs have led it…

Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.  Generative AI has allowed financial institutions to beef up their cybersecurity but has also lowered the barrier of entry for low-skilled adversaries to launch sophisticated attacks, according to cybersecurity company CrowdStrike’s 2024…

I realised today that I’ve talked lots and lots about Asia, Africa, Europe and the South Americas banking, fintech and digital state. But I haven’t written much about the USA. So, today’s the day! With a colossal $176 trillion in Household Financial Assets and $128.5 trillion in non-cash payments, the U.S. banking sector stands as a……

Things we’re reading today include: Starling Bank job advert hints at looming London listing (thetimes.com) Exploring AI’s impact on anti-money laundering efforts globally – FinTech Global The role of FinTech in the accountancy profession | Accountancy Today Race for UK banks to repay £100bn in Covid loans could help savers | Banking | The Guardian……