When it comes to managing data, smaller financial institutions like regional banks and credit unions are not lacking the resources of larger banks, they...

Attendees at the recent Bank Automation Summit were presented with new ideas, strategies and practical applications for automation. Bank Automation News editors selected five of the best use cases from the Summit: strategies to help financial institutions on their automation journeys. 1. Establish a lab for automation innovations The $5.7 billion MSU Federal Credit Union […]

To poorly automate a process, use technology as the starting point rather than the ideation process, Pepe Porrata, chief operating officer at $731.7 million bank Varo Bank, says in this episode of "The Buzz.” This is because banks can “automate poorly designed experiences that are built to manage unnecessary complexity,” Porrata said. “So you got […]

For financial services firms wanting to compete against an ever-growing number of fintech players, the road to parity goes through the back office — specifically in reevaluating and upgrading technology and processes. Many banks, credit unions, wealth management firms and other financial services companies are already feeling the pain of being anchored to legacy technology […]

University Credit Union saved nearly $2 million in expenses and revenue gains in the first 12 months after launching its artificial intelligence (AI)-powered virtual assistant Royce in August 2020. The savings easily amounted to more than the cost of the technology and allocations made to support the bot, says David Tuyo, president and CEO of […]

CHARLOTTE, N.C. — In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News team pivots to an excerpt from the Bank Automation Summit 2022 held in Charlotte, N.C., March 1-2. Learn how blockchain is being deployed at TIAA and other banks to both automate and solve unique business problems. This episode features […]

Money laundering, automated clearing house fraud and wire transfer scams are running rampant in the banking industry. U.S. financial institutions spent more than $4.5 billion on fraud detection systems in 2021 as continuous threats around real-time payments emerged in the space, according to an analysis from fintech and core provider Fiserv. Executives from Nebraska-based First […]

SAN ANTONIO — With the use cases for cryptocurrency ranging from embedded payment and trading platforms to fiat-backed stablecoins that have real-world lending applications, banks are focusing on safely meeting a growing consumer appetite. But proving the use cases for crypto is just one step for bankers looking to deploy cryptocurrency services at their institutions. […]

This post is authored by Satish Jha, Intelligent Automation Manager, Matt Docherty, Data Science Manager, Jayesh Muley, Associate Consultant and Tapan Vora, Rapid Prototyping, from ZS Associates. At ZS Associates, we do a significant amount of qualitative market research. The work involves interviewing relevant subjects (such as healthcare professionals and sales representatives) and developing bespoke […]

CHARLOTTE, N.C. — KeyBank’s head of robotic process automation (RPA) hopes to expand his team by up to 30% this year for a total of 120 to 130 people with three more build-run squads, or teams of 10 developers responsible for coding (build) and servicing (run) of an application or bots. “I'm creating a whole […]

In September, El Salvador became the first country in the world to adopt Bitcoin…

The post Tether legal tender in Lugano, Switzerland – Interview with Tether CTO Paolo Ardoino appeared first on Coin Journal.

The program will have a series of webinars and a sale and auction of Filipino NFT artworks curated by CANVAS.PH.

The post UnionBank Collabs with Canvas.PH to Help Artists, Collectors Explore NFT Space appeared first on BitPinas.