You may or may not know Cornerstone Advisors. If you don’t, you are missing out on major news! They are my favourite bank consulting service in the USA ever since I subscribed to their newsletter Gonzo Banker, years ago. They also have two of my favourite people in the banking world on their staff: Ron Shevlin,……

I just received an interesting report released in January by ClearBank and Celent, looking at how electronic money and electronic payment institutions (EMIs and EPIs) work with banks and the financial ecosystem. The findings indicate that these start-up companies fill the gaps where incumbent banks feared to tread, such as offering crypto clearing services. John……

Things we’re reading today include … Why we’re fighting to keep London first for fintech | Evening Standard Top fintech chiefs join Innovate Finance ‘Unicorn Council’ (finextra.com) Dutch fintech Bunq moves top exec to UK to lead post-Brexit return (fnlondon.com) European Central Bank sees supervisory boost from generative AI – Thomson Reuters Institute Starling Bank……

Lloyds Bank is looking to invest in cybersecurity and technology related to insurance and regulatory monitoring in 2024 amid uncertain macroeconomic conditions.   “I like regtech because it’s important to keep on innovating in that space,” Robin Scher, head of fintech investment at Lloyds Bank, said at FinovateEurope last week. “We are also looking at cybersecurity…

Citizens Bank takes a measured approach to adopting new technology.   The best new products are created with an abundance of identified use cases, Jo Wyper, executive vice president and head of operations at Citizens Commercial Bank, tells Bank Automation News on this episode of “The Buzz” podcast.   Wyper was named a Bank Automation News’…

Is AI a good or bad thing? As I write my daily blog, I’ve realised that it seems to ask a question almost every single day. By way of example, just checkout my blog index and read the titles of the entries. A few recent examples: Is technology making our lives better or worse? Is……

Technology buzz, both inside and outside the banking industry, is centered on innovation — including the ongoing ramp of cloud migration and the excitement around the promise of AI, the new kid on the block.   The World Economic Forum in January highlighted how topics such as the application of and disruption from generative AI…

London-based fintech company Monzo raised a late-stage funding round of $430 million (£340 million), confirming a report from the Financial Times from a few weeks ago. Following this round, the company has reached a post-money valuation of $5 billion (£4 billion). Founded in 2015, Monzo provides U.K. current accounts, debit cards and several financial products…

The company launched its payments orchestration product in 2022 and provides over 300 payment methods with fraud-detection capabilities, one-click checkout and advanced smart routing technology. © 2024 TechCrunch. All rights reserved. For personal use only.

For the first time since going public in 2022, digital bank Dave posted a profitable quarter.  Dave reported fourth-quarter adjusted EBIDTA of $10 million compared to a loss of $13 million in Q4 2022, according to the bank’s earnings release today.   The $391 million company’s growth is due to continued investment in advanced technology like…