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Lia Cao, global head of embedded finance and solutions at J.P. Morgan Payments, is focused on meeting consumers where they want to be met through integrated banking services.   “Consumer demand is driving significant interest in embedded banking and alternative payment methods,” Cao told Bank Automation News.  To keep up with demand, J.P. Morgan Payments offers…

Scotiabank saw digital adoption among customers and its tech spend tick up during its fiscal second quarter 2024.  The Toronto-based bank reported active mobile users increased 10% year over year to 4.3 million, while its digital adoption rate increased 2.7% YoY to 64.5% in Canada in the quarter ended April 30. The $1 trillion bank…

Things we’re reading today include … Fintech N26 says regulatory action cost it ‘billions’ in lost growth (ft.com) A (not so) brief ‘criminal’ history of the ECB  – POLITICO Blockchain Technology Can Help Banks Weather Margin Pressure, Deutsche Bank Says – Bloomberg Shaping the future of Digital Banking (danskebank.com) Five Things to Watch as Synapse……

I got into a new debate yesterday, talking with two guys who are formerly with big card companies (shush, you know who), and we started debating the four-pillar model that’s been around for the last half century. The model is the basis of the card industry and involves acquiring merchants, issuing cards through banks, and then……

Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank accounts that owners could really use. “SMBs make up 44% of U.S. GDP, underpin the economy and have a deep impact on all of us,”…

BMO continued to deliver on its digital-first agenda during its fiscal second quarter 2024 with AI, data and overall modernization at the forefront of its efforts.   “We’re using agile practices to accelerate time to market, deploying increasingly sophisticated data and analytics, including AI, and leveraging cloud engineering to drive modernization and deliver more, faster,…

Cache Valley Bank has selected fintech Finastra for its core banking and digital banking offerings.  The Logan, Utah-based bank will use the tech provider’s core banking platform, Fusion Phoenix, and its mobile banking platform, Fusion Digital Banking, for commercial and retail banking clients, according to a May 16 release from Finastra. Cache Valley Bank has…

I was having a candid chat with a banking friend about life, the world and money, and he asked me a series of questions: How do we change culture to meet today’s fast-moving changes? How can we be more agile? How important are partnerships? Can we work with FinTechs? How will we work with them?……

I was having a candid chat with a banking friend about life, the world and money, and he asked me a series of questions: How do we change culture to meet today’s fast-moving changes? How can we be more agile? How important are partnerships? Can we work with FinTechs? How will we work with them?……

I was having a candid chat with a banking friend about life, the world and money, and he asked me a series of questions: How do we change culture to meet today’s fast-moving changes? How can we be more agile? How important are partnerships? Can we work with FinTechs? How will we work with them?……