HSBC is to launch a Banking as a Service (BaaS) offering that will enable customers to create and provide business banking services through their own platforms. HSBC and Oracle NetSuite, one of the leading cloud Enterprise Resource Planning (ERP) systems with over 27,000 customers worldwide, are working together to provide international payments and expense management
To help organizations improve forecasting and make more strategic cash decisions, Oracle NetSuite today announced SuiteBanking. As the first unified suite that embeds fintech into cloud ERP, SuiteBanking helps customers automate key financial processes and gain full visibility into cash flow. By bringing together automated accounts payable and accounts receivable processes, SuiteBanking makes it fast
There are millions of digital products around us, but most of them do not have their own face, and have no story, all of which makes them boring and confusing. How can we change this situation? Unfortunately, there are no magical killer features to do so, as others may think. It is more important for
The reason U.S. Bank partners with clients to build their digital bridge is simple: connect progress with possibility, and accelerate business strategy.
Having already swept through numerous industries around the world, the sustainability revolution is now taking the banking sector by storm. Each day brings new announcements from banks, fintechs and solution providers. The sustainability trend presents the banking industry with unique opportunities to deepen customer relationships and, at the same time, is challenging players to innovate
Pagaya Technologies Ltd., a financial technology company that enables financial institutions to expand access to more customers through its artificial intelligence network, today announced its new partnership with SoFi, the digital personal finance company. The new partnership will enable SoFi to broaden members’ access to its financial products. Pagaya’s proprietary artificial intelligence, technology and infrastructure
The coronavirus pandemic is one of the most challenging crises the world has faced, significantly impacting public health, the economy and businesses at large. The pandemic has also brought to light the finance industry’s understanding that climate change may upend the financial system. This underscores the urgency for the industry to facilitate the transition to
What’s BaaS? A flock of sheep or another annoying but potent banking acronym? BaaS is a way to modernize and grow the banking industry. It is about an open financial services ecosystem and the API orchestration for customer attention by banks and nonbanks. But the industry has yet to land on an authoritative definition of
The COVID-19 pandemic resulted in unprecedented supply-and-demand shocks, not only increasing the uncertainty of the economic outlook, but also affecting the financial and operational capacity of manufacturing and supply systems. From lower cash reserves and higher administrative costs to capital disruption and lack of traditional sources of financing, in addition to a confluence of economic,
Telephone banking and chatbots unsurprisingly proved popular for customers during the pandemic because of how they allowed them to interact with people at their bank in a safe and convenient way. Research from GlobalData found that from 2017 to 2020, the number of active telephone banking customers almost doubled, and mobile usage saw a 15
Percent, the capital markets platform transforming a multi-trillion-dollar lending industry, announces the release of its comprehensive Sync platform to further accelerate the growth of today’s most innovative fintech lenders and financing companies as they continue to disrupt the industry. After raising $12.5 million in Series A funding this past April in a round co-led by
White Glove, a portfolio company of Rockbridge Growth Equity and fintech marketing company specializing in client acquisition services for financial advisors, announced the acquisition of Gainfully Inc., an industry leader in compliance-enabled content marketing technology for enterprise insurance and financial services companies. With the acquisition of Gainfully, White Glove continues its growth in serving financial
