Things we’re reading today include: How To Rob a Bank: the wild true story of ‘Point Break’ robber Scott Scurlock, the (telegraph.co.uk) Beware the Bank of Mum and Dad’s grey areas (ft.com) Major bank with 1.5 million customers axes popular service ‘after 25 years’ (yahoo.com) Bank of Canada cuts rates by 25bp | articles |……

The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card issuers can fuel the industry’s growth, experts say.  The rule, published May 22 to take effect 60 days later, “makes the model more sustainable because [BNPL] has been around for a long time, it has…

BNY Mellon’s automated smart routing solution decides which payments rail to send transactions through behind the scenes, without burdening clients with the decision.  “We don’t want our clients to know — or care — about [how money is sent], we want them to think about real-time payments, period,” Carl Slabicki, managing director and co-head of…

Financial institutions look to their tech providers to help them embrace new technologies, including AI.  At cloud-based fintech nCino, Chief Industry Innovation Officer Anthony Morris works to identify technologies that banks need to implement to keep up with the “industry ahead of them,” he tells Bank Automation News on this episode of “The Buzz” podcast.…

A friend of mine was inspired by my aggregation discussions last week* to ask ChatGPT what they would do about it. The discussion was so good that I feel I have to share it so, here it goes: Anonymous I am researching Financial product and fintech product solutions that provide do good, positive financial wellness……

AMSTERDAM — ING is using generative AI in its know-your-customer processes to boost productivity for its data analysts and improve the client experience.   The generative AI efforts for KYC have both an operational and client benefit, Marnix van Stiphout, chief operating officer and chief technology officer ad interim at 976 billion euros ($1.1 trillion) ING,…

Presenting to a group of banking people the other day, the constant question was about risk, return, regulation and compliance. It actually became quite irritating until one person said: “how can we create an innovation transformation culture in a zero-risk company?” It then hit me: these guys cannot do this. It’s too hard. I’ve had……

Things we’re reading today include … Money 20/20 Europe 2024: Day One in Amsterdam | The Fintech Times Business Reporter – Payments – Navigating five years of UK fintech amid Brexit and Covid-19 (business-reporter.co.uk) Standard Chartered: UK bank accused of helping to fund terrorists – BBC News King Charles III banknotes enter circulation – BBC……

Card giant Mastercard and digital bank bunq are teaming up on open banking and AI, the companies announced this week at Money2020 in Amsterdam.   The partnership breaks down “how open banking is helping to provide the next generation of financial insights to their users,” Bart Willaert, executive vice president of open banking international markets at…

A friend of mine was inspired by my aggregation discussions last week* to ask ChatGPT what they would do about it. The discussion was so good that I feel I have to share it so, here it goes: Anonymous I am researching Financial product and fintech product solutions that provide do good, positive financial wellness……