financial institution

‘Risk as a Service’ Helps Banks Monetize Back-Office Expertise
‘Risk as a Service’ Helps Banks Monetize Back-Office Expertise
March 14, 2022  |  API

Application programming interfaces (APIs) are transforming all manner of business verticals, improving the connectivity between computers, yes, but also companies, and even departments within companies....

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Barrons: Online Lender Kabbage Shopping For Buyers
Barrons: Online Lender Kabbage Shopping For Buyers
August 04, 2020  |  Partnerships / Acquisitions

FinTech Kabbage could be seeking a sale, and in doing so, could look to garner up to $1 billion, according to sources quoted by Barron’s....

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ID Verification Platform Payfone Raises $100M
ID Verification Platform Payfone Raises $100M
June 19, 2020  |  Investments

ID verification firm Payfone has completed a $100 million funding round which the company says it will use for strengthening machine learning and building a...

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New Data: FIs’ Most Underutilized Asset: Their Apps
New Data: FIs’ Most Underutilized Asset: Their Apps
March 24, 2020  |  Authentication

Mobile banking apps are designed to make digital banking more convenient for customers, yet 21.7 percent of consumers who use these apps are dissatisfied with...

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HSBC Reorganization Slashes 35K Positions, $100B Assets
HSBC Reorganization Slashes 35K Positions, $100B Assets
February 18, 2020  |  International

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S.,...

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WEX Opens FI Commercial Payments Services Unit
WEX Opens FI Commercial Payments Services Unit
September 18, 2019  |  B2B Payments

Commercial payments company WEX is adding a new business segment under its Corporate Payments division, created to address the payments needs of financial institution clients,...

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BB&T And SunTrust To Merge
BB&T And SunTrust To Merge
February 07, 2019  |  Partnerships / Acquisitions

SunTrust Banks Inc. (STI) and BB&T Corp. (BBT) announced a $66 billion merger Thursday (February 7), combining the two regional banks. In a press release,...

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Barclays Shifts 15 Pct Of Assets To Dublin In Brexit Plan
Barclays Shifts 15 Pct Of Assets To Dublin In Brexit Plan
January 31, 2019  |  B2B Payments

U.K. financial institution Barclays has moved about 15 percent of its total assets to Dublin in anticipation of Brexit, reports in the BBC said on Wednesday...

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Why Strong Authentication Fights Fraud, But Consumers Prefer Convenience
Why Strong Authentication Fights Fraud, But Consumers Prefer Convenience
September 13, 2018  |  Fraud Prevention

Doppelgängers are real — but they’re not phantom twins in pre-modern German fairy tales: they are online, and they can be used to steal digital...

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