Technology
Over half of bank execs polled are concerned about dependency on legacy technology The same execs have a positive outlook for 2024 Less than 8% of the execs polled expect to reduce their tech spending in the coming year Monitor Daily reports on a survey of over 100 bank executives which found concerns about dependency…
Read More
Not long after we saw Elon Musk’s X (ex-Twitter) make moves into payments, Visa has successfully completed its acquisition of Pismo, a global cloud-native issuer processing and core banking platform, for $1 billion in cash. Earlier reports said Visa was competing with at least one other firm to acquire Pismo. The collaboration aims to offer clients…
Read More
In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.
Read More
Elon Musk, who now owns Twitter (rebranded as X), plans to launch a peer-to-peer payments feature on the platform in 2024. Musk said he expected payments to launch by mid-2024 pending regulatory approvals from states. Approvals from California and New York are seen as particularly important for the payments launch. Back in April of 2023,…
Read More
Wendi Klein, VP of Marketing at Alogent, asks if 2024 just might be the time to take an even more serious look at mobile banking and suggests the best ways to take advantage of what has by now become an expected banking feature: With the kick-off to 2024, it’s an opportune time for financial institutions…
Read More
In the newest segment of their “I’ve Always Wondered” series, which addresses questions many of us have about the economy and spending habits, Marketplace tackles the question: “Why do we still use paper checks?” For insight, they consulted experts. There are a slew of reasons explaining our continued check use. Many check writers have had…
Read More
In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.
Read More
As we are all aware, the pandemic has changed the behavior of consumers when it comes to depositing checks — they’ve adopted mRDC and ATMs as their main deposit channels. In turn, ATMs have evolved over the past few years, offering new services to accommodate this change in behavior. As the year winds down, ATM…
Read More
McKinsey and Company sat down with leaders on the front lines to talk about the need for — and advantages of — third parties to help financial institutions with data analytics, modernization of core technology, and extension of customer reach beyond traditional banking channels. Joining the discussion were: Diego Caicedo, the cofounder and CEO of…
Read More
In a recent interview, Drew Edwards, the CEO of Ingo Money, shares his predictions with PYMNTS on shifting from check payments with the help of AI and faster payments. “We’re moving beyond simply ‘kill the check,’” he said of B2B payments, “which is where we were just a few years ago.” We recently covered a…
Read More