Understanding DeFi’s attempt to disaggregate financial services
A recent spurt in investment activity and dizzying yields have brought decentralized finance, or “DeFi,” to mainstream attention. DeFi is ...
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Listen: How automation helps CDFIs and MDIs improve loan turn time
Community development financial institutions (CDFIs) and minority depository institutions (MDIs) serve as major sources of consumer and commercial loans for ...
Core provider Jack Henry plans to add digital currency support
Core provider Jack Henry plans to add support for digital currency via its Banno Digital Platform. Photo by CanStock Support ...
President Biden executive order gives customers more control of financial data
President Joe Biden will sign a sweeping executive order today designed to promote competition in the U.S. While the order primarily targets Big Tech ...
Funding roundup: New Delhi-based Pine Labs nabs a $600 million investment round
This week, some of the more notable funding rounds included sizeable capital raises for a New Delhi fintech and two ...
Weekly Wrap: White House executive order points to stepped up regulation on tech, health care
This week, the Bank Automation News team discusses the July 9 announcement from the White House regarding stepped-up regulatory efforts to promote ...
BNY Mellon to acquire fund and investment automation platform Milestone Group
Bank of New York Mellon is looking to automate fund management through a deal to acquire technology provider Milestone Group, ...
Cryptocurrency firm Circle eyes public listing via SPAC merger
Stablecoin issuer Circle is looking to go public via a merger with special purpose acquisition company (SPAC) Concord Acquisition Corp. ...
Data breach at BNPL firm Klarna prompts scrutiny
After a recent data breach, Swedish fintech Klarna is under investigation by Sweden’s Financial Supervisory Authority, the government agency responsible ...
RPA vendor Nice adopts five rules for ethical bots
Robotic process automation (RPA) vendor Nice has developed an ethical framework for building bots that it plans to share with ...
