article thumbnail

FIs comparison shop for fintechs

BankInovation

When Washington, D.C.-based based Customers Bank made the decision to augment its third-party risk processes with the assistance of a fintech, it joined nearly 100 other community banks to shop for one via vendor platform True Digital.

article thumbnail

Blockchain-Powered B2B FinTech Roars Back With VCs

PYMNTS

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. The company plans to use the funding to ready its software for enterprise adoption and explore additional verticals into which it can expand. Transparent Systems.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Quona Capital Raises $203M For FinTech-Boosting Fund

PYMNTS

Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia.

Capital 141
article thumbnail

State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Regulatory News, of the Global Type. of India.

article thumbnail

Dr. Annamaria Lusardi: FinTech Is Great, But No Substitute For Teaching Kids Financial Literacy

PYMNTS

She’s the George Washington School of Business ’ endowed chair of economics and accountancy academic director and head of the Global Financial Literacy Excellence Center (GFLEC). FinTech Is A Tool, Not A Replacement For Knowledge. And the world has changed so fast around us. Lusardi should know.

Fintech 258
article thumbnail

Bank-owned fintech automates verification with help from Amazon

BankInovation

Fintech Pike Street Labs (PSL), a wholly-owned subsidiary of WaFd Bank, has launched an automated voice authentication feature for the bank in collaboration with Amazon Web Services’ Lex conversational artificial intelligence (AI) software and Talkdesk, a cloud contact center.

Fintech 52
article thumbnail

FDIC order against First Fed Bank latest example of third-party scrutiny

American Banker

The Port Angeles, Washington-based bank said it has already invested "significant resources" into enhancing its compliance management for fintech partnerships, after self-reporting a problem last year.