June 27, 2024
Stablecoin Regulation & Adoption are Essential for U.S. Crypto Policy
This article discusses the role of stablecoins in the cryptoasset ecosystem, examining not only the functionality and role that these cryptoassets play in this rapidly growing sector, but how these...
June 27, 2024
Are Stablecoins Winner-Take-All?
Stablecoins have the potential to significantly increase competition in payments and financial services, although achieving this is not certain. Success hinges on fostering a diverse ecosystem with multiple issuers and...
June 27, 2024
What Core Banking’s 40-Year Evolution Says About What’s Next for...
There’s a misperception about bankers and banking. That misperception is that money — in all its forms — is the most important asset. The reality is that customers are the...
June 26, 2024
Citi Head of Risk Data Peter Cai Leaves Bank
Citigroup’s head of risk data, analytics, reporting and tech Peter Cai has reportedly become the latest senior executive to leave the bank. Cai’s departure was announced internally on Tuesday (June...
June 26, 2024
Clariti Secures $10 Million Financing for Government Permitting, Licensing Solutions
Clariti has secured $10 million in growth capital financing from CIBC Innovation Banking for its permitting and licensing software solutions for North American local governments. The company also recently received...
June 26, 2024
Trovata Introduces Embedded Banking Solution for Corporate Bank Accounts
Trovata has introduced an embedded banking solution designed for corporate bank accounts. The new Multibank Connector includes an extensive library of direct-to-bank application programming interfaces (APIs) to power financial services...
June 26, 2024
Will US Dealerships Shake Off CDK Attack By Independence Day?
It is almost July Fourth, and summer holiday travel is about to enter its peak season. But despite the sunshine and blue skies, Americans planning to buy a new car...
June 26, 2024
Nubank Accelerates AI-First Strategy With Hyperplane Acquisition
Digital banking platform Nubank has acquired data intelligence company Hyperplane, saying this move will accelerate its artificial intelligence (AI)-first strategy. With the addition of Hyperplane’s capabilities to Nubank’s existing AI...
June 26, 2024
FinTech Banking Partner Evolve Bancorp Hit by Major Ransomware Attack
In many ways, it has been the summer of cyberattacks and data breaches. And with the news Tuesday (June 25) that Russian-linked ransomware gang Lockbit is claiming to have stolen 33...
With nearly half of CU executives saying a lack of resources prevent them from bringing innovations to market, CUs are stuck piloting the digital innovations their members crave — and are willing to switch FIs for. The rise of strategic mergers is a way that some CUs are exploring to pool resources, innovate and drive scale. Read more in the “Credit Union Tracker®,” a collaboration with PSCU.
To drive growth and reduce churn, credit unions should invest in digital solutions that improve user experience, offer robust security features, and provide convenient self-service options tailored to the preferences of Gen Z and millennial consumers. PYMNTS Intelligence’s latest 40-page report,“How CUs Can Drive Engagement with Self-Service Banking Innovation,” a collaboration with Velera (formerly PSCU/Co-op Solutions), examines why CUs need to up their self-service banking innovation.