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Wells River Savings Bank To Access TCH’s RTP Network

PYMNTS

12) announcement from the Vermont-based financial institution (FI), which noted that Atlantic Community Bankers Bank (ACBB) will offer funding agent functions. Our customers need financial technology tools that align with their personal and business needs. according to a Tuesday (Jan.

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RTP Picks Up Pace With Corporates, While CBDCs Raise Banker Doubts

PYMNTS

Our customers need financial technology tools that align with their personal and business needs,” Wells River Savings Bank Chief Financial Officer and Chief Operations Officers Judy Lavely said in the announcement. “Our Modern Treasury Raises Funding To Accelerate B2B Payments.

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Galileo, Plaid Integrate To Streamline ACH Transfers

PYMNTS

The Salt Lake City payment processing platform has joined with Plaid, a Visa subsidiary based in San Francisco, that builds financial technology platforms to connect bank accounts and initiate automated clearing house (ACH) transfers. Last month, Galileo launched what it called a faster and less expensive way to create debit cards.

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Common Cents And MetLife Unveil Annual Report

PYMNTS

But thanks to strides made in financial technology, consumers now have the ability to automate practically any bill payment, as well as a plethora of financial planning tools. Duke University’s financial research lab, Common Cents, teamed up with MetLife Foundation on financial behavioral research and today (Feb.

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Small Firms Demand Higher Speed, Lower Costs In Global Payments

PYMNTS

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). Earlier this week, CIBC announced that it would be rolling out its Global Money Transfer platform for small business clients, a cross-border payments tool that had been available for consumer customers for several years.

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The BaaS Gold Rush is On

Gonzobanker

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income.

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Evolution through digital reinvention in banking

Insights on Business

Today, if banks want to continue to succeed, they must reinvent themselves once again from generalist to specialist by creating new products that enable banks to build better forms of customer experiences. Digital reinvention at its most fundamental level reconceives banking using a customer-first or customer-centric perspective.