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Transactions: Cache Valley Bank selects Finastra for core and digital banking

BankInovation

Cache Valley Bank has selected fintech Finastra for its core banking and digital banking offerings. The Logan, Utah-based bank will use the tech provider’s core banking platform, Fusion Phoenix, and its mobile banking platform, Fusion Digital Banking, for commercial and retail banking clients, according to a May 16 release from Finastra.

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Planning Our COVID-19 Response is Also Planning for the New Normal

Gonzobanker

My neighbor in Phoenix is closing on a house this week and will do so with the only physical meeting in the entire process – offer, loan, title, etc. An early survey of 93 banks done by Fintech Forge showed that 31% of respondents already had back-office employees working from home. being the first open house he went to with his agent.

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Investments Stay Afloat And Thrive Market Bags $111 Million

PYMNTS

Thrive Market’s pitch to consumers is that they can count on saving 50 percent, on average, off of standard retail prices. The Phoenix Companies got an infusion of $100 million in equity capital from Nassau Reinsurance as part of a larger deal where the former was taken over by the latter.

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Crossing the Mobile Divide

Independent Banker

Nearly every community bank has rolled out mobile check deposit, but the banking industry remains on the cusp of experiencing how millennials and their smartphones are going to change retail banking and payments. Millennials crave financial advice, even though they don’t have the excess cash to make big investments yet.

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Big Plays Push Investments & RedKix Grabs $17 Million In Seed Funds

PYMNTS

We’ve been seeing this same bifurcation, but it stood on its head in the latest week, with B2B carrying the weight of the deal flow, and FinTech relatively lighter. The firm makes enterprise resource planning and retail management software. Drilling down a bit, it’s easy to see what held sway.

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Major Core Vendors Are Failing Regional Banks

Gonzobanker

Helping the JHA cause, long-term efforts to improve its branch and back-office platforms (Xperience and Enterprise Workflow) as well as its retail and commercial digital platforms have finally come to market.

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4 Gonzo Takeaways from BAI Retail Delivery ’15: Viva Las Vegas?

Gonzobanker

BAI Retail Delivery was at the Venetian in Vegas this year, sharing conference space with a travel convention called IMEX, which made things interesting in between sessions. During a Fintech Forward panel, Zenbanx CEO Arkadi Kuhlmann talked about how to lend money to data because we don’t see the people anymore.