Data from devices like leak detection sensors can improve insurers’ risk assessments, and their alerts can strengthen customer relationships.
Temenos-Microsoft cloud plans could help banks build ESG records: The banking software provider’s work with Microsoft on “Green Cloud Initiatives” could eventually expand to offering ESG solutions to other clients.
Letting users pay directly from their bank accounts minimizes their reliance on cards, which could mean less volume and revenues for issuers.
In an open banking world, Scotiabank’s Intuit data deal looks limited: The bank’s bilateral collaboration comes as open banking—which enables bank data sharing with larger groups of outside financial institutions—expands among big Canadian and US banking players.
Increasing competition in the realm of point-of-sale installment plans will push existing buy now, pay later firms to diversify their offerings and target consumers beyond the existing core of Gen Z and millennial users.
Growth will come from Gen Z’s interest in buy now, pay later (BNPL) and incumbents’ push to outspend and outinnovate competitors.
Digital-only Chime turns to free cash deposits via Walgreens: Collaborating with the pharmacy chain will help the US neobank’s cost-conscious customers avoid fees for cash deposits and keep it competitive with other banking players that work with retailers.
The solutions can help billers improve payment collection while giving customers a more efficient way to pay their bills.
Digital ID regtechs are attracting record funding and revenue growth amid spiking AML fines, but as investments grow, so will FIs’ expectations of fewer incidents and fines
JPMorgan’s digital-only bank plays in a market with strong neobanks and support for open banking. That could spur globally applicable innovation and best practices for its parent.
Woes prompting NatWest’s AML fine include cash-stuffed bags: The UK-based bank’s reputation gets another dent as it’s ordered to fork over nearly £264.8M ($339.5M) after a guilty plea to criminal convictions.
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