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BankingTech FinTech

NCR partners with Kasisto to deliver AI conversational data

January 15, 2021 at 04:32PM When NCR Digital Banking delivers a new version of its virtual assistant in a few weeks, small banks will have access to information that typically would require a data scientist to extrapolate. Digital banking platform NCR has partnered with the New York-based Kasisto, which offers KAI Business Banking, an AI-based digital assistant for the financial […] via Bank Innovation https://bit.ly/35IAtEh
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BankingTech FinTech

5 Questions with Citi Venture’s Managing Director

January 14, 2021 at 04:32PM Getting a hole-in-one on the golf course isn’t easy. Neither is specializing in automation fintechs, in which an investor must always be hitting metaphoric holes-in-ones. Matt Carbonara can speak to both. Carbonara is managing director of venture investing for Citibank’s Citi Ventures, the $2 trillion bank’s venture investment firm and incubator. Digital evolution is key […] via Bank Innovation https://bit.ly/2N4wqvA
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BankingTech FinTech

Automating the money experience: The future of banking and fintech

January 14, 2021 at 02:00PM Although digital banking has existed for decades, it’s too often felt like a chore. People have to track every expense they make, manually categorize their transactions, endlessly tweak their budgets, sort through indecipherable transaction descriptions, and so on. Fortunately, today’s data-driven machine learning and artificial intelligence have enabled something entirely different from yesterday’s digital banking […] via Bank Innovation https://bit.ly/3ia4u4W
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BankingTech FinTech

Fresh off $15M raise, Rho jumpstarts new AP product

January 13, 2021 at 11:43PM Rho Technologies secured $15 million in a Series A funding round today, a boost for the fintech in a space packed with AP process management software. The New York-based tech company plans to funnel the funding into Rho AP, its new automated accounts payable solution that also launched today, Rho Technologies co-founder Alex Wheldon told […] via Bank Innovation https://bit.ly/3sqDu5J
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BankingTech FinTech

Jack Henry solves PPP pain points with integrated approach

January 12, 2021 at 09:55PM Jack Henry Lending is offering an integrated solution for FIs unable to service loan applicants, just in time for this week’s launch of another round of Paycheck Protection Program (PPP) loans. The Monnet, Mo.-based tech company has helped approximately 400 banks and credit unions handle PPP requests from small businesses. During the previous funding round, […] via Bank Innovation https://bit.ly/2XCpIie
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BankingTech FinTech

Temenos eyes automated chat for Engage platform

January 11, 2021 at 10:32AM Bank software company Temenos is exploring automated messaging capabilities for its Infinity Engage platform, a move that would mark a strategy pivot for the messaging tool built on the idea of relationship banking between bank staff and customers. “One of the things we’ve talked about with Engage is, how do we turn some of those […] via Bank Innovation https://bit.ly/39ruOmS
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BankingTech FinTech

Automated invoice adoption lags despite FI investment

January 08, 2021 at 09:44PM The irony of automation is that while companies are pushing to automate payments, many are still dealing with paper-based invoices. In 2021, companies will look to change that, predict some industry leaders. “Citizens has had for some time payable automations, in digitalizing how customers pay for things,” said Ray Champ, senior vice president for commercial […] via Bank Innovation https://bit.ly/2L5pnSP
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BankingTech FinTech

Weekly Wrap: Green Dot debuts neobank, Chase Autosave use surges

January 08, 2021 at 12:00PM This week, Green Dot unveiled GO2bank, its second digital-only bank, the same week BBVA USA announced it was shuttering its neobank, Simple, according to published reports. Green Dot, which has bolstered its app with existing and new automated features, faces an uphill battle as it enters the crowded challenger bank field. Meanwhile, Chase’s automated savings tool is gaining traction, and total amounts […] via Bank Innovation https://bit.ly/38tGAOG
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BankingTech FinTech

Georgia election results may pave way for stricter regulation

January 07, 2021 at 11:52PM

Despite pro-Trump rioters’ efforts Wednesday to disrupt the U.S. Senate’s certification of President-elect Joe Biden’s victory, more Democratic legislation is likely bound for approval, thanks to the blue win in the Georgia runoff election on the same day. Four people are reported dead following the breach of the U.S. Capitol building as Congress met. Still, […]

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via Bank Innovation https://bit.ly/3hTNdgj

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BankingTech FinTech

Manufacturers group says Cabinet should consider removing Trump

January 07, 2021 at 01:34AM

U.S. business leaders denounced Donald Trump for inciting supporters who mobbed the U.S. Capitol, with the head of the National Association of Manufacturers saying Vice President Mike Pence should “seriously consider” working with the Cabinet to remove the president from office. Jay Timmons, head of the lobbying group that backed many of Trump’s initiatives, raised […]

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via Bank Innovation https://bit.ly/2LsEMfK