ACI Worldwide is exploring the use of its cloud platform to onboard bank clients to The Clearing House’s Real-Time Payments network.  The payments service provider already onboards bank clients to the Federal Reserve’s FedNow payments network through its real-time payments cloud, so moving The Clearing House’s (TCH) deployment to the cloud will offer “similar benefits,”…

TD Bank is experimenting with virtual reality to build practical skill sets through controlled customer simulations, leading to improved employee training.  “TD has been experimenting with different immersive experiences for colleagues and customers,” TD Product Manager Kerry Narduzzi told Bank Automation News. “This is a new technology and we want to really understand it and…

CB Insights released its Q1 2024 State of Venture Report, revealing that fintech funding slid by 16% during the three-month period. © 2024 TechCrunch. All rights reserved. For personal use only.

Fifteen years ago, social media was becoming popular. Facebook was growing fast, and Twitter had just launched. Ten years ago, banks were cautious about such media as it might compromise customer information. Five years ago, many were starting to get the idea, but were still trying to work out how to be social and compliant….…

Things we’re reading today include … The EU wasted €60M on a pointless fintech fad — but the Belgians won’t let it die – POLITICO Scayl comes out of stealth with its “fintech for fintech lenders” and €100M funding – Tech.eu Bitcoin Is Soaring This Year. This Goldman Sachs Skeptic Isn’t Biting. – WSJ Deutsche……

Lending-as-a-Service platform Epic River has integrated Finastra’s loan documentation system LaserPro into its platform to give customers a place to send the additional borrower information being collected.  “We had a lot more banks generating loan application data in our system instead of having borrowers fill out PDFs,” Epic River Chief Executive Jeff Grobaski told Bank…

Citizens Bank is expanding its use of cloud-based banking platform Blend to offer bank customers easier access to credit through the tech provider’s credit card solution.  The $222 billion bank is preparing for high consumer demand for credit when interest rates start to fall, Adam Boyd, executive vice president, head of home equity, credit card…

It’s interesting how people interpret things. Many think it’s old banks versus new banks; branch versus app; physical versus digital; government currencies versus cryptocurrencies; and more. For me, it’s not versus though. It’s and. We live in a world of transition where new and old banks work together well. My old bank does my boring……

Things we’re reading today include … Citi report reveals 42% of energy clients lack climate transition plans – FinTech Global Pastor created ‘worthless’ cryptocurrency targeting Christians to support ‘lavish lifestyle’: Authorities – ABC News (go.com) Bitcoin prices fall more than 7% as cryptocurrency market expected to remain volatile – UPI.com Lloyds Banking Group invests £3……

Certified service providers of the Federal Reserve’s FedNow network are looking to the cloud to streamline client onboarding and drive adoption of the payments rail.   Tech provider FIS is exploring cloud-based onboarding but hasn’t launched the capability, John Wilson, director and leader of real-time payment products and services at FIS, told Bank Automation News, noting…