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Metro Bank Explores Additional Use for AI-Driven PFM Tool, Insights

Bank Innovation

challenger bank Metro Bank could extend its AI-driven money management tool Insights, designed for its retail side, to its business customers. Formed in partnership with Israeli AI company Personetics, Metro Bank is currently preparing to roll out Insights in beta over the summer.

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US Finance Crimes Org Calls For Private Sector Innovation

PYMNTS

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.

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High-Profile — But Secretive — Funding For B2B FinTechs

PYMNTS

While Khanna added that it’s “hard to say” whether venture capital funding is getting easier for startups, there is evidence that FinTech — and, specifically, B2B FinTech — is headed for a solid year. Over the weekend, Australia’s Timelio revealed a $3.7 According to reports Wednesday (Dec. B2B eCommerce.

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Challenges for the neo-challengers: Four hurdles to overcome

Accenture

In my frequent conversations with clients across the UK and Irish banking industry, one of today’s hottest topics is the rise of the challenger banks such as CYBG, Metro and AIB UK, and particularly the neo-challenger banks providing digital-only services, like Monzo, Atom and Starling. Why the intense interest in the neo-challengers?

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Scottsdale Community Bank: Making microloans

Independent Banker

The technology it uses allows it to maximize efficiency while minimizing costs in its operations. Scottsdale Community Bank’s Lemonade Stand Loan Program offers microloans—up to $25,000 each—to small businesses and individuals who own businesses or operate nonprofit organizations.

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New Payment Rails Take On Real-Time B2B Friction

PYMNTS

Yet this week’s look at payment rail innovation finds that many players in the B2B space are turning to develop new payment networks and services infrastructure from the ground up, rather than rely on new technology for legacy payment rails to improve the business payment experience. . ” Metro Bank Loops SMBs Into Bacs.

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Open Banking Casts Global Net

PYMNTS

Open Banking is making its rounds across the globe as regulators embrace financial services industry competition, and as financial services players — both banks and FinTech firms — recognize their market opportunities by embracing data sharing.

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