Bank of New York Mellon to boost 2022 tech spending
The Bank of New York Mellon will increase its technology spend next year in an effort to build its platform...
Banking
Digital shortfalls may be biggest threat to community FIs
Consumers and businesses have high opinions of community financial institutions (FIs) but increasingly demand digital banking services, so "for community...
State Street sees CRD tech acquisition pay off with 22% YOY revenue growth
State Street saw 22% year-over-year growth in revenue from deployments of Charles River Development (CRD), a front-office software firm it...
Expensify files for IPO
Cloud-based expense management software provider Expensify last week filed an initial public offering (IPO) for its common stock with the...
Citi develops embedded finance services, adds 80 partner APIs
Citigroup’s digital strategy and focus on future partnerships led to a rise in technology spend in the third quarter. Photo...
Truist AI chatbot leverages tech to promote financial health and literacy
Truist Financial’s workplace financial wellness division is expanding the capabilities of its artificial intelligence-driven chatbot this month, launching phase two...
Payroll API provider Atomic raises $22 million in series A funding round
Atomic, a payroll integration API provider, has raised $22 million in a series A funding round announced Tuesday. Image: Michael...
New SMBs signal opportunities for automation in financial services
With 4.3 million new business applications processed in the U.S. in 2020 ― an increase of 23% from the prior...
Standard Chartered taps FinLync to expand reach of bank’s treasury management offerings
Standard Chartered has tapped Singapore-founded fintech FinLync to help expand the reach of its treasury management offerings, specifically the bank’s...
RBC launches AI-powered cashflow prediction tool
As more Canadians shift to online banking, Royal Bank of Canada continues to expand its digital capabilities by offering customers...
