Category: FinTech

  • The things that AI will never tell you

    As a seasoned traveller, I know an awful lot about flying through Heathrow Airport, and it is always frustrating me about how the airport is structured. By way of example if you land at Heathrow terminal 4 and 5, the newer terminals, they have on-site hotels, the Hilton and Sofitel respectively. However, if you land……

  • The things that AI will never tell you

    As a seasoned traveller, I know an awful lot about flying through Heathrow Airport, and it is always frustrating me about how the airport is structured. By way of example if you land at Heathrow terminal 4 and 5, the newer terminals, they have on-site hotels, the Hilton and Sofitel respectively. However, if you land……

  • The things that AI will never tell you

    As a seasoned traveller, I know an awful lot about flying through Heathrow Airport, and it is always frustrating me about how the airport is structured. By way of example if you land at Heathrow terminal 4 and 5, the newer terminals, they have on-site hotels, the Hilton and Sofitel respectively. However, if you land……

  • Lloyds Bank’s operating costs up 11% YoY

    Lloyds Bank reported an increase in operating costs in the first quarter driven by higher inflation and increased investment in technology.  “Cost management remains a core discipline for us as a group,” Chief Financial Officer William Chalmers said during the bank’s earnings call today. Operating costs “include expected elevated severance charges taken early in the…

  • Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack

    Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, Stripe is…

  • Transactions: Navy Federal selects Zafin for core modernization

    Navy Federal Credit Union selected SaaS core modernization provider Zafin to update its core and move away from its legacy mainframe.   “We selected Zafin to help us as we work to externalize our products and pricing from the banking core,” Pete Amstutz, senior vice president of savings and membership at Navy Federal, told Bank Automation…

  • Fintech gaming startup Sanlo’s webshop tool could help developers avoid costly app store fees

    Sanlo, a fintech startup that helps gaming companies manage finances, announced Wednesday the closed beta launch of its webshop tool, giving select game developers and studios a plug-in-play solution that works alongside their existing tech stacks. Gaming companies can join the waitlist starting today. With Google and Apple charging a 30% fee for in-app purchases,…

  • How Bank of America approaches innovation

    Bank of America’s innovation is never complete since its team constantly updates offerings to meet ever-changing client needs.   “At Bank of America, innovation is everybody’s job,” Jorge Camargo, managing director of mobile app, online banking and Erica AI at Bank of America, told Bank Automation News. “We’re constantly listening to clients and building solutions…

  • I just debanked my bank … before they debanked me

    There’s a huge furore in Britain about debanking: the process where a bank says we cannot trust you anymore so get lost. It happened to Nigel Farage, a high profile figure, and now it’s happened to me. What happened? My bank basically decided that my regular withdrawals from a crypto exchange looked like money laundering……

  • Things worth reading: 24th April 2024

    Things we’re reading today include … Goldman Sachs becomes latest bank to withdraw from London – The CFO (the-cfo.io) JPMorgan’s Jamie Dimon Has a Tech Rival: Silicon Valley Bank – Bloomberg UK bankers warned of ‘severe losses’ if they fail to monitor private equity exposures | Private equity | The Guardian The Fintech Files: Has……