Trillion Dollar A Day CLS Group Launches New Products Around Core FX Settlement
Now in its 15th year of operation, CLS #Group is launching some new features to provide faster #settlement and a better view of market activity.
Financial Technology
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Switzerland Shuts Down E-Coin ‘Sham’ Currency as Crypto-Concerns Grow
Swiss financial regulator the Financial Market Supervisory Authority, or FINMA, has shut #down the providers of a #cryptocurrency known as “E-Coin,” which the regulator dubbed as “fake.” The #currency was shut down as they did not have the proper bank license. FINMA told Reuters in a statement: This activity is similar to the deposit-taking business […]
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NACHA Gears Up for Phase 3 of ACH Same-Day Payments Initiative
EXCLUSIVE – Now that same day ACH debit payment has kicked off, National Automated Clearing House Association (#NACHA), the steward of Automated Clearing House (ACH), is in the final phase to implement its same-day payment vision for ACH. That phase 3, which consists of mandatory credit availability before 5PM, is set to happen on March […]
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FIS Mobile Acts As ATM Remote Control To Improve Security
ATM card skimming has grown into a multi-billion dollar fraud; now FIS #Mobile offers a way to obtain cash without inserting card into the ATM/
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Finn.ai is Developing New Features for Financial ‘Customer Care’
EXCLUSIVE — #Finn.ai wants to use artificial intelligence and machine learning to promote #financial literacy and healthy consumer behaviors in its users. The conversational commerce platform, which currently works with #banks to provide a white-labeled “virtual assistant” for banking apps powered by AI, is #developing new features for what it calls “#customer #care.” These are features […]
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MoneyLion’s New Augumented Reality Feature on the New iPhone [VIDEO]
EXCLUSIVE – Grow Your Stack is the PFM app developed by MoneyLion in its latest attempt to make finance “fun.” And fun it is. The #feature , which goes live on Tuesday on iOS 11 (the version supported by the newest #iPhone), can be found in the MoneyLion mobile app and allows users to see a visual of […]
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KPMG and Microsoft Boost Their Global Alliance
Recognizing the need for tech-powered solutions, #KPMG will work closely with #Microsoft in both consulting and audit, including Azure-enhanced tools.
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Moven Brings AI to its App
New York-based #fintech #Moven has just integrated artificial intelligence into its mobile apps, a feature that will make use of contextual conversation to better serve customers and their financial needs. The update will include “ChatUI,” a feature to be available within the app that answers customer questions in chat using artificial intelligence. ChatUI can also […]
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CFPB Reassures Fintechs with ‘No-Action’ Letter for Upstart Network
Online lending service #Upstart #Network has received a “no-action” #letter from the Consumer Financial Protection Bureau, the first such letter to be issued by the regulator, the #CFPB announced yesterday. Upstart Network requested the “no-action” letter. Companies can apply for a no-action letter from the CFPB if they are launching a new financial product. The […]
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Google’s New Payment App “Google Tez” to Launch in India
Internet giant #Google will release a mobile #payment service in #India, according to reports. The Unified Payments Interface (UPI) app is called Google Tez, according to The IndianExpress. ‘Tez,’ in Hindi (India&8217;s national language) means fast. The app will be launched as a part of the “Make in India” government initiative, which aims to encourage […]
Bank Innovation
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