Banking Technology news and trends

Digital-First Banking’s Mantra: Check Friction at the Virtual Front Door
Opinion // November 14, 2024

Banks and credit unions will need to focus on customer experience, security and technology, Candescent Chief Product Officer Doug Brown writes in a new PYMNTS eBook, “The New Value Equation: 11 Financial Services Leaders Share Their Vision for 2025.”   As we launch a new...

Technology Collaboration Set to ‘Supercharge’ Service-Oriented Approach
Opinion // November 12, 2024

Collaboration will be key for payment industry players to deliver value in marketing, fraud, risk and operations, Banyan Chief Commercial Officer Mike Minelli writes in a new PYMNTS eBook, “The New Value Equation: 11 Financial Services Leaders Share Their Vision for 2025.”   Uncertainty surrounds...

Staying Competitive: Why Speed and Efficiency Are Crucial for Loan Origination
Opinion // November 11, 2024

Banks and credit unions face pressure to meet rising consumer expectations for fast, personalized and seamless digital experiences, Amount Chief Product and Technology Officer Kevin Trilli writes in a new PYMNTS eBook, “The New Value Equation: 11 Financial Services Leaders Share Their Vision for 2025.”...

From Banking to Binge-Watching: How AI Spots the Unseen
artificial intelligence // October 28, 2024

Machine learning algorithms scan millions of transactions in banks’ fraud detection centers, flagging suspicious patterns human analysts might miss. Similar mathematical models help Netflix predict which shows subscribers want to watch next and guide Walmart’s inventory decisions. These are examples of artificial intelligence (AI) models...

Interviews & Exclusives
Digital-First Banking’s Mantra: Check Friction at the Virtual Front Door

November 14, 2024
Banks and credit unions will need to focus on customer experience, security and technology, Candescent Chief Product Officer Doug Brown writes in a new PYMNTS eBook, “The New Value Equation: 11 Financial Services Leaders Share Their Vision for 2025.”   As we launch a new brand, 2025 will be particularly interesting, challenging and exciting for […]

Technology Collaboration Set to ‘Supercharge’ Service-Oriented Approach

November 12, 2024
Collaboration will be key for payment industry players to deliver value in marketing, fraud, risk and operations, Banyan Chief Commercial Officer Mike Minelli writes in a new PYMNTS eBook, “The...

Staying Competitive: Why Speed and Efficiency Are Crucial for Loan Origination

November 11, 2024
Banks and credit unions face pressure to meet rising consumer expectations for fast, personalized and seamless digital experiences, Amount Chief Product and Technology Officer Kevin Trilli writes in a new...

AWS and J.P. Morgan Weigh In on the Cloud’s Role in Payments Modernization

October 25, 2024
Although the technology has come a long way in a short period of time, it’s not like an organization can hit a switch and migrate to the cloud. Not yet,...

Quick Reads
Mbanq Debuts AI-Powered Loan Origination Platform Comet

November 25, 2024
Banking technology company Mbanq has debuted Mbanq Comet, an AI-powered digital loan origination platform. Comet integrates with core banking systems and is designed to allow banks, credit unions and FinTechs to streamline their loan decision process without interrupting their existing operations, according to a Monday (Nov. 25) press release. “Mbanq Comet is a vital tool for financial […]

Amount Targets ‘Deposit Drift’ With Account Opening Platform

October 15, 2024
Banking technology firm Amount has introduced its unified account opening and loan origination platform. The new solution is designed to help banks and credit unions reduce costs, streamline operations and improve customer/member...

India Central Bank Head Warns of AI ‘Opacity’ in Finance

October 14, 2024
The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that the increased usage of artificial intelligence...

Amount Raises $30 Million to Expand Into Credit Union Space

August 15, 2024
Banking technology firm Amount has raised $30 million to expand into the credit union sector. Amount announced the $30 million equity capital raise in a Thursday (Aug. 15) press release that also...