May 12 – -FIS, a global leader in financial services technology, and The Venture Center have announced the 10 startup companies selected to participate in the 2017 VC FinTech Accelerator, now in its second year.
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May 8 – Jack Henry & Associates, Inc., has entered into a strategic services agreement with First Data – a global leader in payment technology and services solutions – and PSCU – the nation’s leading credit union service organization – to further expand the credit and debit card platform offered to financial institutions by its JHA Card Processing Solutions group.
April 27 – Wela’s free mobile app is changing the way financial advice is delivered by pairing real financial advisors with artificial intelligence (AI) through the personification of its digital advising algorithm, Benjamin. The first true digital advisor, Benjamin utilizes AI to track users’ daily, weekly and monthly spending habits and provides personalized advice based on their financial needs and goals. Unlike other free consumer finance apps on the market, Wela pairs AI capabilities with a human touch, offering access to real financial advisors via phone, video chat or in-person at no additional cost. (more…)
April 25 – IDology, a leader in multi-layered identity verification and fraud prevention, today announced the addition of two innovative digital authentication solutions, ExpectID Mobile Authentication and ExpectID Secure SMS, to its fully integrated platform. The new solutions are designed to help companies increase customer success in the digital environment and securely authenticate new and existing customers, while eliminating factors that negatively impact the customer experience.
April 25 – nCino, a leader in cloud banking, has again broadened the scope of its Bank Operating System to give financial institutions the front-end digital experience their consumers want, supported by the back-end processing capabilities that make a difference to their bottom line.
April 25 – Jack Henry & Associates‘ ProfitStars division has announced the availability of its CECL DataStore and Validation solution to provide financial institutions with an efficient way to meet the data collection tasks associated with Current Expected Credit Loss (CECL) regulations.
April 20 – Bankers surveyed about planning implementation for the current expected credit loss (CECL) model said that introducing new models and executing various methodologies is their biggest challenge. The survey was taken in a recent webinar from the CECL Methodology Webinar Series offered by Sageworks.
April 18 – In its latest “Monkey Memo,” The Design X-Factor, Malauzai Software provides an in-depth analysis of mobile banking apps customer ratings, comments and feedback as published in Google Play and Apple’s App Store. Malauzai’s research found that 70 percent of the negative feedback was related to customers’ frustrations with a particular policy or procedure enacted by the financial institution and poor and/or lack of communication. (more…)
April 19 – Computer Services, Inc., a provider of end-to-end financial technology solutions, has promoted David Culbertson to chief operating officer. In his new role, Culbertson now oversees the strategic direction for the company’s entire portfolio of technology and financial services solutions.