Citi is expanding its use of Google Cloud to access the cloud provider’s generative AI capabilities. Rohit Bhat, general manager and managing director at Google Cloud’s financial services,…
Read more Transactions from Money20/20: Citi, Google Cloud expand AI and cloud strategyEverBank has announced plans to acquire Sterling Bank for $261 million, through a stock purchase agreement. Jacksonville, Fla.-based EverBank is set to acquire Sterling’s 25 branches, $900 million…
Read more Transactions: EverBank to acquire Sterling Bank for $261MGather Federal Credit Union has selected credit underwriting platform Zest AI to reduce fraudulent activity during the loan origination and decisioning process. AI-driven Zest Protect can help financial…
Read more Transactions: FIs invest in credit decision platforms | Bank Automation NewsPayments fintech Marqeta saw growth in its total processing volume during the second quarter as consumer demand for non-traditional banking and digital banking channels increased. According to Marqeta’s…
Read more Marqeta’s total processing volume up 32% YoY to $71B | Bank Automation NewsPayPal is investing in its platforms and capabilities to keep up with consumer demand for digital payments. “Today, we operate in a massive, $6 trillion plus, global e-commerce…
Read more PayPal focuses on omnichannel capabilities for long-term growth | Bank Automation NewsThe new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card issuers can fuel the industry’s growth, experts say. …
Read more New CFPB rule makes BNPL sustainable | Bank Automation NewsNavy Federal Credit Union selected SaaS core modernization provider Zafin to update its core and move away from its legacy mainframe. “We selected Zafin to help us as…
Read more Navy Fed selects Zafin for core modernization | Bank Automation NewsU.S. Bank is using technology company Pagaya to leverage its AI-driven underwriting for personal loans to consumers. Â Pagayaâs AI-powered credit decisioning platform will conduct a secondary review…
Read more U.S. Bank taps Pagaya for AI underwriting | Bank Automation NewsBNY Mellon has expanded its use of Microsoft for cloud services and AI models, according to a Feb. 5 release from the bank. The $30 billion bank will…
Read more BNY expands use of Microsoft for data management | Bank Automation NewsOn Monday, BMO, with Mastercard and digital card fintech Extend, rolled out a mobile wallet for virtual cards for its commercial banking clients in the U.S. and Canada…
Read more BMO launches mobile wallet | Bank Automation NewsCard-issuing fintech Marqeta announced earlier this month that it has secured a four-year extension of its contract with digital payments company Block to power that company’s Cash App…
Read more Marqeta extends contract with Block | Bank Automation NewsJPMorgan on July 11 appointed John China as the co-head of Innovation Economy (IE) for Commercial Banking (CB). China joined the $3.2 trillion bank after serving as president…
Read more JPM’s co-head of Innovation Economy | Bank Automation NewsMarqeta (NASDAQ:MQ – Get Rating) issued its quarterly earnings data on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of…
Read more Marqeta (NASDAQ:MQ) Posts Earnings Results, Misses Estimates By $0.03 EPSPayments fintech Marqeta announced today it will acquire credit card management platform Power Finance in an all-cash transaction to help supplement its credit offerings. The cloud-based solution is…
Read more Marqeta acquires Power Finance for $275M | Bank Automation NewsPayments fintech Marqeta is eliminating manual authorization in its payments process through an extended partnership with Mastercard. The credit card giant’s Track Instant Pay is a business-to-business virtual…
Read more Marqeta taps Mastercard for B2B payments automation | Bank Automation News
