Challenger banks have taught us much, but W.UP discusses what can they learn
Particularly in Europe, challenger banks have exploded onto the scene with their dedication to customer experience, challenging the incumbents to revamp their offerings. However, W.UP - who help banks turn their vast data sets into better banking experiences with the aid of AI - have turned the tables and dissected what the challengers can learn […]
Temenos acquires Avoka for USD 245 million
Temenos recently announced that it has agreed to buy Avoka, a digital customer acquisition and onboarding provider, with aims to nourish its Temenos Digital Front Office and digital banking products in the US. Through the integration with the Avoka platform, Temenos will offer banks a fast route to frictionless omni-channel digital banking. Max Chuard, CFO and COO, […]
Virtual Affairs helps create digital onboarding for Famed
Virtual Affairs, Famed, a financial services provider in the healthcare industry, and a host of other companies came together to create a completely digital factoring onboarding process for health care providers. According to a press release, onboarding can be done within seven minutes as opposed to the previous mark of 57 days. Virtual Affairs, which assists […]
Five Degrees and ieDigital co-launch digital banking portfolio
The parties are reported to have recently signed a partnership agreement in which they strengthen their positions in the retail, business banking and private banking. The digital banking portfolio will be one of the comprehensive solutions for financial institutions. The portfolio will consist of a straight-forward and cost-effective method to build end-to-end banking products, while […]
Five Degrees shares insights on digital banking platform
Martijn Hohman, CEO of Five Degrees, is reported to have discussed on and revealed his insights about digital banking platform. Martjin Hohman talked to Fintech Finance for a brief interview. He initially states ”Today, you should realize that banks need to be open.” He continues, ”It’s so hard to be open on one side, and extremely […]
Synechron taking a leap forward in artificial intelligence
Synechron takes a step forward in its involvement with artificial intelligence in announcing the launch of its AI Data Science Accelerators. The platform consists of a powerful set of accelerators, aiming to help financial services, banking and insurance firms. The accelerators integrate natural language processing (NLP), deep learning algorithms and data science to solve challenging business […]
Member Spotlight: SoftServe
In the words of Guillaume Kendall—Director, Fintech & DLT, “SoftServe was founded in 1993 in response to a request from General Electric in North America to help them migrate database technologies.” Today, SoftServe is headquartered in Austin, Texas and has 30 offices globally including: Lviv, London, Berlin, Sofia, and Wroclaw. The company predominantly specializes in: […]
eIDAS Regulation enters into force
The EU-wide legislation known as eIDAS is in force as of September 29, 2018. Standing for ”Electronic Identification, Authentication and trust Services”, eIDAS is an EU regulation setting the standards for electronic identification trust services for electronic transaction in the European Single Market. The regulation aims to enhance trust in electronic transactions, and seeks to […]