I was driving to pick up my dog the other day from his kennel stay. We had been away on a holiday and the dog was booked into his doggie hotel. Halfway there, and being purely reliant on digital maps, the maps stopped navigating. Maybe I lost the signal or maybe there was no signal……

Canadian banks leaned into technology spend during the most recent quarter as efficiency and innovation remained a priority.  “Transformational level use of technology, creating capacity and business velocity,” is top of mind for Canadian clients, Karin Kirkwood, president of Canada-based fintech Broadridge Canada, told Bank Automation News.  She added that banks are focused on three…

Quantum tech provider Quantum Dice has developed hardware to make financial services operations faster and more efficient.   The Oxford, U.K.-based company’s hardware can increase the accuracy in statistical modeling, speeding processes like trading activities and risk assessment by 15% to 20%, Annika Moslein, technical project manager at Quantum Dice, told Bank Automation News Feb.…

There has been a movement over the past years to create a cashless world. Is that OK? It’s debatable. One of the big things about cash is that it represents society. In Europe, the euro notes mark major landmarks; in the UK, the bank notes recognise major figures from Britain’s history; in the USA, legends……

Things we’re reading today include … HSBC is paying salaries like a Wall Street bank now (efinancialcareers.com) Jeremy Hunt to announce UK government sale of NatWest shares | The Guardian Is bitcoin back? Price suddenly surges as investors flock to crypto | The Independent What bank execs are saying about embedded finance | Bank Automation……

LONDON — Will embedded finance technology usher in a new era of banking, or is the impact of the technology overblown?  Bank executives from ClearBank, Deutsche Bank and Raiffeisen Digital Bank weighed in at FinovateEurope this week.    ClearBank  Head of Embedded Banking Paul Staples at $3.4 billion ClearBank said that many organizations have embedded…

National Bank of Canada focused on cost management and overall efficiency as it boosted tech spend and pulled back on headcount in the first quarter of 2024.   Tech spend grew 3.6% year over year to $CA259 million ($190 million) for the quarter ended Jan. 31 as the bank continued to invest in technology across…

Royal Bank of Canada’s deal to acquire HSBC Canada for $10 billion, announced in November, is expected to close on March 28.  The bank announced last quarter that conversion activities would likely begin April 1, according to an RBC release. Expenses were up 6% year over year, “adjusting for the acquisition and integration-related costs to…

Payments infrastructure giant Stripe said today it has inked deals with investors to provide liquidity to current and former employees through a tender offer at a $65 billion valuation. Notably, the valuation represents a 30% increase compared to what Stripe was valued at last March when it raised $6.5 billion in Series I funding at…

Things we’re reading today include … Debanking fears as over 140k business accounts closed | Sky News Stablecoins win 60% of crypto volume as soaring coins lure bets on reliability – DL News Asset servicing industry news | BNP Paribas and Citi invest in United Fintech (assetservicingtimes.com) Greening the Bank of England’s Collateral Framework –……