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We Were Promised Flying Cars In 2014, Gartner predicted over 75% of the Fortune 1000 would have public APIs by 2017. This number is way higher in 2024! The initial motivation for enterprise APIs was mostly internal benefit: Hardened ‘services’, loosely coupled to each other to enable rapid new development – just like Jeff Bezos…

Digital Grasshopper Bank will roll out an improved check-clearing process this year to streamline the time between depositing a check and gaining access to the funds.  Check deposits are “a complicated process in the industry,” Grasshopper CEO Mike Butler told Bank Automation News, noting, Grasshopper is “working toward giving people access to their money a…

Fintechs are looking to legacy banks with strong portfolios to provide seamless onboarding and digital capabilities following the regional banking crisis last year.  One year after the collapse of Silicon Valley, Signature and First Republic banks, clients are still clinging to “too big to fail” institutions, Ashish Garg, co-founder and chief executive of digital communications…

This week’s main blog discussions include … How the Wirecard story unravelled: an interview with Dan McCrum who broke the truth 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……

Things we’re reading today include … Millions more in cash needed to fund UK’s open-banking watchdog | Banking | The Guardian Over a third of first time buyers relying on ‘bank of mum and dad’ | Housing | The Guardian Bitcoin Bulls vs. Bubble Bears: A Cryptocurrency Clash (cryptotimes.io) The evolving relationship between supermarkets and……

A long time ago, before most of you were born, I worked with Dr. An Wang, a visionary. Wang created Wang computers, a company that blossomed quickly into a global firm thanks to word processing. Word processing? Yes, word processing. What it allowed was the replacement of typewriters with computers, and companies loved it because……

AI has landed for the consumer. It’s no longer a topic for data scientists and IT alone. But what is Generative AI? Equally as mystifying is Process Intelligence – a complex subject, frequently hidden behind the process expert wisdom. So, how can department and functional leaders, from risk to operations to IT, leverage AI and…

NASHVILLE — Bank Automation Summit U.S. 2024 kicks off today with panelists from BankUnited, Fifth Third Bank and Wells Fargo taking the stage to discuss today’s AI revolution in banking at the Omni Nashville in Nashville, Tenn.  The two-day event is packed with panel discussions, presentations and networking opportunities, and will be highlighted by a…

Fintech valuations and funding rounds had a tough year in 2023 as high interest rates pushed investors into capital conservation mode.  In 2023, “VCs were just trying to protect their own portfolios and be cautious with their investments,” Robin Scher, head of fintech investment at Lloyds Bank, said at FinovateEurope last month. “Fintechs that raised…

In the dynamic world of financial services, the need for rapid and precise credit decisions has never been more crucial. This demand is driving a transformative shift towards leveraging Artificial Intelligence (AI) and automation to redefine credit and risk assessment strategies. These technologies promise a future where financial institutions can navigate the complexities of credit…