flwnet

Jonny Fry, head of digital assets strategy at ClearBank and chief executive of TeamBlockchain, will be featured in a fireside chat at Bank Automation Summit Europe 2024 on Monday, Oct. 7, at 2:15 p.m. GMT +1.  The summit takes place Oct. 7-8 at the Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss…

Gather Federal Credit Union has selected credit underwriting platform Zest AI to reduce fraudulent activity during the loan origination and decisioning process.  AI-driven Zest Protect can help financial institutions fight identity fraud and identify fake documents during the loan procedure, Adam Kleinman, head of strategy and client success at Zest AI, told Bank Automation News.…

J.P. Morgan is joining French payments network Cartes Bancaires, Mike Lozanoff, managing director and global head of merchant services at J.P. Morgan, tells Bank Automation News on this episode of “The Buzz” podcast.  The bank is tapping cloud-based Renovite to build the connection to the network, Lozanoff says. The bank acquired Renovite in 2022 and…

Things we’re reading today include: Starling Bank job advert hints at looming London listing (thetimes.com) Exploring AI’s impact on anti-money laundering efforts globally – FinTech Global The role of FinTech in the accountancy profession | Accountancy Today Race for UK banks to repay £100bn in Covid loans could help savers | Banking | The Guardian……

I realised today that I’ve talked lots and lots about Asia, Africa, Europe and the South Americas banking, fintech and digital state. But I haven’t written much about the USA. So, today’s the day! With a colossal $176 trillion in Household Financial Assets and $128.5 trillion in non-cash payments, the U.S. banking sector stands as a……

Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.  Generative AI has allowed financial institutions to beef up their cybersecurity but has also lowered the barrier of entry for low-skilled adversaries to launch sophisticated attacks, according to cybersecurity company CrowdStrike’s 2024…

U.K. regulators are starting to look at the European Union’s Digital Operational Resilience Act, and are monitoring the resiliency and business continuity plans of critical industry enterprises, a trend that is leading to new transactions.   Software company Cockroach Labs Chief Executive Spencer Kimball told Bank Automation News, that the U.K. regs have led it…

Things we’re reading today include … US Banking Agencies Are Ramping Up Scrutiny of Bank-Fintech Partnerships | Insights | Skadden, Arps, Slate, Meagher & Flom LLP Majority of Fintech Partner Banks Report Losses Over Compliance – Bloomberg Why I pay a monthly fee to have an ‘ethical’ bank account (inews.co.uk) Inside Chase’s Efforts To Embrace……

For some reason, I’ve just been bombarded with emails about the secret memo from venture capital firm Sequoia, about their investment twenty years ago in YouTube. Maybe it’s because it’s only just come to light or maybe it’s because it provides the secret sauce of how to achieve a successful early funding round. For me,……

Having written a book about how fintech can make finance good for the world, the biggest issue is those banks investing in fossil fuel firms. It’s not investing in fossil fuel firms that is the issue, but it’s investing in NEW fossil fuel firm projects. Now, who would do that when we know the planet is……