article thumbnail

Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. However, Kansas City Fed chief George said the system will initially focus on domestic movement of money and won’t include cross-border transactions.

America 189
article thumbnail

Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking

Gonzobanker

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

Arizona 145
Insiders

Sign Up for our Newsletter

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

article thumbnail

Fed Names New Payments Security Leader

PYMNTS

Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry.

Security 112
article thumbnail

Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

Uber Turns App Into ‘Everyday Operating System’. The company plans to merge its ride-hailing and food delivery applications in a fashion that would join its offerings as “the operating system for your everyday life,” as CEO Dara Khosrowshahi said. Uber’s apps are getting a makeover – and a bit of a new combination.

Data 122
article thumbnail

Branch Transformation: Innovating to be Nimble

Banking 2020

Innovation requires understanding your client base and providing differentiated services that clients will find value in. Banks must innovate and be nimble to address emerging client needs in the neighborhoods they serve. As community banks, we must recognize and be responsive to what our clients are demanding of us.

article thumbnail

Why AI Risk Tech And Banks Could Be A Match Made In Heaven

PYMNTS

Today, Upstart is a profitable firm, which means it didn’t need to raise $50 million to fund operations. Innovation, he said, is still an advantage, and Upstart’s goal is to bring its accuracy in judging risk to the advantage of as many banks as possible going forward. Expanding Offerings and Partners.

article thumbnail

CFPB announces new appointments to advisory groups

CFPB Monitor

Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Raul Vazquez, Chief Executive Officer, Oportun, Redwood City, CA. Dion Kidd Johnson, President, Chief Operating Officer and Chief Risk Officer, Western Bank, Alamogordo, NM. William Howle, Head of U.S. Retail Bank, Citibank, New York, NY.