Ripple becomes technology partner of National Bank of Georgia
The Paypers
NOVEMBER 6, 2023
US-based crypto solutions company Ripple has become the technology partner for National Bank of Georgia ’s (NBG) digital GEL pilot project.
How To Do Better Against National Bank Lending Competition
South State Correspondent
FEBRUARY 20, 2023
Many existing community bank customers and prospects are also national bank customers. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. Scale, security, and innovation are all linked to better information technology design and implementation.
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Perficient WIT Group Shares Advice for Women Taking a Job in Technology
Perficient
AUGUST 25, 2020
Perficient Colleagues Share How to Build a Successful Career in Technology. We recently asked the Women in Tech group at Perficient what advice they would give for a woman hoping to build a career in the technology industry and their thoughtful advice was both inspirational and actionable. . Lisa Hunter , national sales director.
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China launches the National Blockchain Technology Innovation Center
The Paypers
MAY 12, 2023
The government of China has launched the National Blockchain Technology Innovation Center in Beijing to support blockchain technology research.
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National Bank of Canada prioritizes cost management in Q1
BankInovation
FEBRUARY 28, 2024
National Bank of Canada focused on cost management and overall efficiency as it boosted tech spend and pulled back on headcount in the first quarter of 2024. 31 as the bank continued to invest in technology across […] Tech spend grew 3.6% year over year to $CA259 million ($190 million) for the quarter ended Jan.
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Reimagining The Bank As A Technology Company
PYMNTS
APRIL 10, 2020
Intimidated by the scale and cost of a massive technological overhaul, large financial institutions (FIs) may approach their digital transformation (DX) journeys gradually, targeting various areas of operations to modernize one-by-one. “Banks are technology companies,” Rio Tinto recently told PYMNTS.
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Blockchain Lending Firm Figure Seeks National Bank Charter
PYMNTS
NOVEMBER 6, 2020
Financial services firm Figure Technologies, Inc. has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let it meet “promises of efficiency, affordability and financial inclusion,” according to a Friday (Nov. 6) announcement.
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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion
PYMNTS
NOVEMBER 23, 2020
While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. But a national charter would allow for a uniformity of presence and market scope.
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Bitcoin Daily: Crypto-Themed Cruise Ship To Set Sail, Nigeria Eyes National Crypto Adoption
PYMNTS
OCTOBER 15, 2020
The National Information Technology Development Agency and the Federal Ministry of Communications and Digital Economy of the country have teamed to create a framework for country blockchain adoption, CoinDesk reported, citing local media. billion USDC in circulation, according to the announcement.
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National Bank of Canada invests in technology, talent in Q4
BankInovation
DECEMBER 2, 2022
National Bank of Canada (NBC) is set to continue its digital innovation strategy through hiring technology-focused talent. “We
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Bank Santander, BBVA, Other Spanish Companies Create National Network Using Blockchain
Bank Innovation
OCTOBER 17, 2017
EXCLUSIVE — Spanish banks, along with certain Spanish telecommunication companies, have come together to establish a national network based on blockchain. The consortium is called Alastria.
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Varo Achieves Milestone As First Consumer FinTech To Get National Charter
PYMNTS
JULY 31, 2020
Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. the San Francisco-based online bank, had the last laugh.
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Restaurant Industry Report: Change And Technology On The Menu
PYMNTS
JANUARY 27, 2021
The National Restaurant Association , the country’s (and world’s) foodservice trade association, released its annual State of the Restaurant Industry report on Tuesday (Jan. 26) compiling and analyzing data elicited from 6,000 restaurant operators and 1,000 adult consumers. Creating Culinary Experiences Remotely.
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Starship Technologies Rolls Out Robotic Food Delivery In Arizona
PYMNTS
APRIL 10, 2020
Amid increasing demand for contactless delivery, Starship Technologies has rolled out a robot food delivery offering in Tempe, Arizona. Ryan Tuohy, who leads Starship Technologies’ business development, said in a statement, “The demand for contactless delivery has expanded exponentially in recent weeks.
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Indian Gov’t Drafts Plan For National Blockchain Applications
PYMNTS
NOVEMBER 28, 2019
India’s Minister of state for electronics and IT (MeitY) has announced that the government is drafting a national framework to expand the deployment of blockchain use cases. Dhotre added that the government is drafting an approach paper on the National Level Blockchain Framework. India has been embracing blockchain technology.
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Digital Services Mean Every Bank Is a National Bank
Bank Innovation
JULY 19, 2017
But the most significant revelation from the company’s earnings call yesterday may be that digital banking allows any bank to become national. Pittsburgh-based PNC Financial Services Group is making a significant digital push this quarter, and highlighted a number of areas this is benefiting the bank’s consumer business.
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Mastercard Protests Payments ‘Nationalism’ In India
PYMNTS
NOVEMBER 1, 2018
government over the use of nationalism by the government in India to promote a domestic payments network there. ” Modi has said that using RuPay is akin to offering a service to the nation, given the fees associated with the use stay in India. payments technology companies,” according to Reuters.
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Banks Won’t Skimp on Technology Spend Despite Bleak Economic Predictions
Bank Innovation
FEBRUARY 14, 2019
Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.
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Mastercard CEO Pushes Back Against National Payments System
PYMNTS
FEBRUARY 3, 2020
Ajay Banga, the chief executive officer (CEO) of Mastercard, is adamantly against any attempts to fracture the Global Payments Systems (GPS) into national domains, Financial Times (FT) reported on Sunday (Feb. Privacy-weary consumers could return to cash if governments push in the direction of nationalization of payments, Banga warned.
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IDEMIA Secure Transactions partners with Arab National Bank
The Paypers
FEBRUARY 8, 2024
IDEMIA Secure Transactions has partnered with the Arab National Bank to launch a card developed with Braille printing technology in the Kingdom of Saudi Arabia.
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This week’s podcast: Do we need a National Financial Technology Commission?
CFPB Monitor
DECEMBER 5, 2019
In this podcast, we are joined by Tom Vartanian, who leads the Financial Regulation & Technology Institute of George Mason University Antonin Scalia Law School, to discuss his proposal for the President and Congress to establish a National Financial Technology Commission. Click here to listen to the podcast.
National Bank of Australia to Hire 600 Tech Experts to Compete with Fintech Industry
Bank Innovation
NOVEMBER 10, 2017
The National Bank of Australia (NAB) will create 600 new technology jobs. This announcement comes just a few weeks after the bank said it was cutting 4,000 jobs. The new job additions will help the bank build its tech presence in order to efficiently compete with the burgeoning fintech industry, NAB said.
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Fleet Feet: Running Shoe Retailer Sprints With Technology
PYMNTS
OCTOBER 5, 2020
The Carrboro, North Carolina-based chain has used its technology-first strategy to get, keep and grow its customer base – even while its stores were shut down early in the pandemic. Fleet Feet has come up with proprietary technology to address that. More than one million Fleet Feet customers have used the technology.
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OCC approves national bank charter applications of fintech company
CFPB Monitor
JANUARY 24, 2022
SoFi) to create SoFi Bank, National Association (SoFi Bank, N.A.), as a full service national bank headquartered in Cottonwood Heights, Utah. The bank will also provide a fully digital, mobile-first national lending platform for consumers across the country. In addition, the parent company of SoFi Bank, N.A.,
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Report: Overcoming ID Fraud’s Technology Blind Spots
PYMNTS
SEPTEMBER 23, 2020
A study from the Cifas National Fraud Database found that identity theft against consumers over the age of 61 rose by 22 percent in 2019, contributing to an 18 percent increase in identity theft overall. Technologies like video onboarding and AI have shown promise in facing this threat, but each is vulnerable when deployed alone.
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Leafbuyer Technologies Buys Greenlight Technologies To Expand Its Cannabis Markets
PYMNTS
NOVEMBER 8, 2018
Leafbuyer Technologies, the cannabis technology company, announced Thursday (November 8) it has acquired Greenlight Technologies, a California-based application development company. Both the consumer and client experience will improve with the addition of this user-friendly technology.
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China Creates National Cyberattack Database
PYMNTS
SEPTEMBER 14, 2017
China revealed that it is creating a national cyberattack database and will require telecom firms, internet companies and domain name providers to report any threats to it.
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It’s Dreadful Being a Buyer of Bank Technology
Gonzobanker
MAY 17, 2022
As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. And you may ask yourself, ‘How do I work this?
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Central Bank In Russia Skeptical Of National Crypto Benefits
PYMNTS
OCTOBER 10, 2019
The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to a report by Russian News Agency TASS. The regulator made the remarks at the Finopolis forum of innovative financial technologies.
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Bitcoin Daily: 7,000 Crypto ATMs Worldwide, Data Says; Marshall Islands Plans National Digital Currency
PYMNTS
MARCH 3, 2020
The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. Algorand created a permissionless, open source and pure proof-of-stake blockchain technology. The supply of SOV will be set to increase at 4 percent yearly to stop inflation from occurring.
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168 Mumbai Bus Operator To Test India’s National Transit Card
PYMNTS
AUGUST 13, 2019
India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. The national transit card system uses a bank-issued card that will run on India’s RuPay payments network, the news outlet said. Bagde said the central government will foot the bill for the Mumbai pilot project.
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National Bank of Canada invests in digitalization
BankInovation
AUGUST 25, 2022
National Bank of Canada (NBC) bumped up its technology spend and focused on retaining and attracting talent in the third quarter as business growth remains a priority. billion, an 8% year-over-year increase, reported its “occupancy and technology” spend climbed 10% YoY to $233 million, with […].
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Swiss Central Bank Nixes National Crypto
PYMNTS
JUNE 25, 2018
Schweizerische Nationalbank Board Director Thomas Moser said he doesn’t think it’s the right time to talk about issuing a national cryptocurrency for the country. Switzerland isn’t the only country putting plans for a national crypto on hold.
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National Bank of Canada ups tech spend 10% YoY in Q2
BankInovation
MAY 31, 2023
National Bank of Canada was selective in expense management in the second quarter, specifically in areas of headcount, technology investment and discretionary spending. In Q2, the bank’s tech spend increased 10% year over year to $122 million, according to the bank’s earnings supplement.
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Ingo CEO: Technology Plays Defensive Role Against Mobile Deposit Check Fraud
PYMNTS
NOVEMBER 23, 2020
Conversely, mobile check deposit capture is real-time — and, depending on bank technology solutions, may provide real-time access to at least part of the funds. Edwards told Webster: “You can use modern technology to attack this fraud” and also ensure greater confidence in making services available digitally to good customers.
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Estonia Shelves Plans For National Cryptocurrency
PYMNTS
JUNE 1, 2018
Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank.
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Deep Dive: Accelerating Cross-Border Payments With Cloud Technology
PYMNTS
OCTOBER 19, 2020
Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-border payments. New cloud-based technologies have shown much promise in securing cross-border payments and making them faster and more transparent.
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Internet Association Says Companies Support National Data Privacy Rules
PYMNTS
SEPTEMBER 12, 2018
The Internet Association, a group that represents Facebook, Amazon and Alphabet’s Google , among other technology and internet companies, said on Tuesday (Sept. that are more modern, but urged lawmakers to approach the issue nationally. 11) that it supports data privacy rules in the U.S.
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Compass Plus Technologies hits the double at Global Banking & Finance Awards
Bobsguide
JULY 14, 2022
The first accolade received by Compass Plus Technologies was for Best Banking Technology Overhaul Project in recognition of its recent achievements with the Central Bank of Mongolia. The second accolade was handed to Compass Plus Technologies in the Best Banking Transformation Partner category.
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UK?s National Health Service Gave Tech Giants Access To Millions of Britons? Health Records
PYMNTS
JUNE 8, 2020
The National Health Service (NHS) provided Palantir Technologies with volumes of personal information including contact details, gender, race, occupation, health conditions, criminal offenses and religious and political affiliations, according to the 37-page contract that was published online.
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130 FAIR, National Institute of Standards and Technology Come Together To Publish New Resource
PYMNTS
AUGUST 12, 2016
11) it teamed up with the National Institute of Standards and Technology (NIST) to publish a new resource to help enterprises and government organizations enhance their cybersecurity risk analysis , reporting and decision-making.
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Palantir Technologies Readies Bid To Go Public
PYMNTS
JUNE 12, 2020
Palantir Technologies , the Palo Alto, California-based Big Data analytics company, is planning to go public soon and could be trading as early as this fall, sources told Bloomberg News. The pandemic has boosted Palantir, particularly with businesses using the products to help determine how to reopen.
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131 How The Nation's First Credit Union Took the Technological Lead with Core Integrated ITMs
ATM Marketplace
SEPTEMBER 14, 2021
Credit unions continue to be on the cutting edge of branch technology. Mary's Bank, a member-centric institution committed to providing progressive products, services and technology - all in service to member needs. Case in point: St. Read about how core integrated ITMs are critical to its success.
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Citigroup Eyes Creation Of National Digital Bank
PYMNTS
MARCH 6, 2018
Citigroup is gearing up to launch a digital consumer bank that will be national in scope and will arrive within the next three years. The CFO said the bank won’t start marketing a national digital bank until it can provide services via mobile phones and computers for customers, who have increasingly gone digital.
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