Greylock Federal Credit Union has selected Alkami to improve its digital banking offerings.  The $1.5 billion credit union will implement the Alkami Digital Banking Platform to provide online and mobile banking to its retail and business clients, according to Alkami’s March 5 release.  Plano, Texas-based Alkami will also provide the following to the credit union: …

Mastercard Foundry, the innovation hub for product development at the card giant, is creating a new technology-focused position, as it continues its tech investment.  The company’s operating expenses in 2023 increased 11% year over year to $11.1 billion, according to Mastercard’s Jan. 31 earnings presentation.   Director of innovation The $42 billion card giant’s ideal…

The company says it was cash flow positive in 2023, and plans to be again in 2024. With $8.7 billion in venture capital it likely means it has little to no need to raise more before it goes public. © 2024 TechCrunch. All rights reserved. For personal use only.

Consumer Financial Protection Bureau Director Rohit Chopra released an update today on the bureau’s Personal Financial Data Rights rule-sharing based on his remarks given March 13 at the Financial Data Exchange Global Summit in Washington, D.C.   Chopra discussed at the FDX event how the bureau is identifying standard-setting organizations.   FDX, a financial services consortium,…

ING Bank is moving its operations to the cloud for scalability, efficiency and security.  The $967 billion bank’s operations are 65% on a private cloud, Marco Eijsackers, head of the CIO office at ING, told Bank Automation News. “We started our migration in 2014-15 in partnership with Microsoft by building private clouds,” Eijsackers said. “Back…

Grasshopper Bank is investing in its digital offerings to meet its clients where they want to be met — whether through self-service channels or other avenues.  The digital bank, which has 18,000 business clients, gains roughly 1,000 clients a month, and to keep them, must update to meet customer demand, Chief Executive Mike Butler tells…

Navy Federal Credit Union is developing an omnichannel lending platform as credit unions and captives prioritize technology upgrades in the face of increased competition and changing consumer preferences.  Along with migrating more processes to the cloud, Navy Federal is aiming to give consumers the same financing and servicing experience regardless of what channel or device they…

Navigating the landscape of finance and technology requires innovation and a strategic vision addressing industry challenges. A big concern is the staggering amount of non-mortgage consumer debt—over $100 billion—charged off last year. In the face of rising fraud, digital document collection and consumer transparency is a game-changing approach for lenders. One example of these digital…

I’ve been following Dan McCrum, the investigative journalist with The Financial Times, for quite a while. He’s the guy who broke the Wirecard story, even though it could have meant quite a lot of personal danger. If you haven’t read his book The Money Men, I can strongly recommend it or, if not, watch the……

I’ve been following Dan McCrum, the investigative journalist with The Financial Times, for quite a while. He’s the guy who broke the Wirecard story, even though it could have meant quite a lot of personal danger. If you haven’t read his book The Money Men, I can strongly recommend it or, if not, watch the……