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To keep up with consumer demand for digital capabilities, Bank of America’s inventors focus on solving client problems and removing friction through innovation and patent efforts.  In 2023, the $3.2 trillion bank was granted 644 patents, up 6% year over year from 2022, according to a bank press release.  The bank’s inventors work on identifying…

Bristol, U.K.-based ClearBank has applied for a license to expand its services to Europe in search of growth.  ClearBank officials are hopeful for approval from the European Central Bank in the second quarter, Paul Staples, group head of embedded banking, told Bank Automation News.   “This will be a full Dutch banking license that we will…

Things we’re reading today include … Deutsche Bank’s new top engineers are AI specialists and Meta alumni (efinancialcareers.com) Silicon Valley Bank one year on: Is another banking crisis around the corner? (cityam.com) Fintech-Bank Partnerships: Three Strategies for Seamless Integration and Lasting Impact | Fintech Nexus Fintech is sold as the answer to Africa’s problems, but……

In the 1990s, I got very excited about a number of challenger banks. Sainsburys, Tesco and Virgin all launched new banks in the UK, and there were several others worldwide such as the (David) Bowie Bank and the G&L (Gay and Lesbian) Bank. Where are they now? Nowhere. Sainsbury bank is up for sale, Tesco……

Fintel Connect helps Live Oak Bank increase its deposit volume.  The digital, FDIC-insured bank looked to affiliate marketing platform Fintel Connect nearly two years ago to expand its reach, Fintel Connect Chief Executive Nicky Senyard tells Bank Automation News on this episode of “The Buzz” podcast.  “When Live Oak came to us, they had been…

First Financial Bank has grown its operations and attracted new customers through implementation of an AI-driven digital assistant.   The $4.8 billion FFB teamed up with AI-driven tech provider Kasisto toward the end of 2022 to launch a digital assistant, according to a Feb. 22 case study by Kasisto.  The digital assistant, Gabby, can help…

A really interesting survey by Sifted appeared this week* about start-up founders. It’s not specific to tech of fintech, although that’s the bulk of Sifted’s audience, but the results are fascinating. The reason? The fallout of funding. I called out a fintech bloodbath over a year ago (October 2022) and, a year later, here it is,……

A really interesting survey by Sifted appeared this week* about start-up founders. It’s not specific to tech of fintech, although that’s the bulk of Sifted’s audience, but the results are fascinating. The reason? The fallout of funding. I called out a fintech bloodbath over a year ago (October 2022) and, a year later, here it is,……

A really interesting survey by Sifted appeared this week* about start-up founders. It’s not specific to tech of fintech, although that’s the bulk of Sifted’s audience, but the results are fascinating. The reason? The fallout of funding. I called out a fintech bloodbath over a year ago (October 2022) and, a year later, here it is,……

A really interesting survey by Sifted appeared this week* about start-up founders. It’s not specific to tech of fintech, although that’s the bulk of Sifted’s audience, but the results are fascinating. The reason? The fallout of funding. I called out a fintech bloodbath over a year ago (October 2022) and, a year later, here it is,……