Banking Circle’s Post

Bank of America Launches CashPro® Insights - Latest Digital Innovation for Treasury Management "In treasury and cash management, data continues to be an untapped resource that has the potential to reveal trends, weaknesses or opportunities. This potential can only be realized when data is thoughtfully organized and analyzed, which is the key objective of CashPro Insights," said Jennifer Sanctis, head of the CashPro App and Personalized Technologies, Global Transaction Services (GTS), Bank of America. https://lnkd.in/eXHn7RXG Kasi Westerman Andy Aldridge Veronica Cadavid Jay Davenport Maria Roszkowska Veronica Cadavid #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance

Griffin launches Foundations, an early access programme for UK companies to embed banking products David Jarvis, CEO and co-founder of Griffin, commented: “We’re looking for mission-driven companies who share our conviction that finance should be contextual, relevant and seamlessly integrated into products that businesses and consumers are already using everyday. Foundations is an invitation to companies that want to make their customers’ lives easier with embedded finance: we’ve built a bank to help you do just that.” https://lnkd.in/emWGANkc LettsPay Garrett Foxon Sameer Dubey Adam Moulson Dora Grant Maria Campbell Chad Ryan Allen Rohner Jeremy Barber Miroslava Betinova #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance

NAB partners with Trovata on next-gen cash management solution! National Australia Bank (NAB) has partnered with fintech Trovata to launch NAB Liquidity+, an AI-enabled #cash #management, analytics, and forecasting platform. NAB Liquidity+ will allow #corporate #customers to bring together their critical banking data, providing #comprehensive and real-time visibility of their cash positions and delivering dynamic cash insights and precision forecasting. Trovata’s officials said today’s #finance and treasury teams are expected to do more than ever, all while navigating smaller budgets and fewer resources. There is a strong need for automation so that they can spend less time in spreadsheets and more time as strategic advisors for their businesses. Smart banks – like NAB – know this and are innovating to make their customer’s lives easier. https://lnkd.in/gWAZx-QC

Trovata Brings Next-Generation Banking for NAB "Finance teams have always been expected to continuously manage account data scattered across various banks and then manually build and maintain cash flow reporting and forecasting models in spreadsheets," said Brett Turner, Founder and CEO at Trovata. "But this is slow and terribly inefficient. NAB acutely understands the need for automation in finance and treasury. With NAB Liquidity+, teams get bank balances and transactions data seamlessly integrated in a platform that automates a lot of their cash management workflows, that includes cash positioning, cash flow analysis, and forecasting." Amanda Angelini Joseph Drambarean Rida Khan Catrina Zhang Suzana Ristevski Ross McEwan Sujeet Rana   https://lnkd.in/gqQYRDjp #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance

The landscape for launching payment programs is not what it used to be. But the importance of a strong bank partnership hasn’t changed. In fact, it’s become an even more crucial component of any successful payment program. Between higher capital costs and increased regulatory scrutiny, banks are more selective about who they partner with. Due diligence processes have become more difficult to navigate, and banks are increasingly committed to setting the right partners up for success. Asked about the current state of bank partnerships, here’s what Jason Hass, Head of Business Development at First Electronic Bank, had to say: “The landscape for launching card programs has evolved significantly over the past 24 months, with higher capital costs and increased regulatory scrutiny reshaping the process. Partnering with a sponsor bank in this environment involves longer diligence timelines and more comprehensive evaluations. At First Electronic Bank, we work closely with our fintech partners throughout this phase, helping to update and craft policies and procedures, providing expert guidance, and leveraging our subject matter expertise to support a successful launch. We believe that the success and compliance of our partners are essential to our own success, and we are committed to ensuring that your program thrives in this complex landscape.” To learn what else banks are looking for in fintech partners, and how you can get started on going direct, download our latest guide, “How to Go Direct to a Sponsor Bank.” Link in the comments.

When #FinTechs scale, many lose sight of effectively managing deposits and payments. But embedded #BankingSolutions can help. Seamless account openings, flexible FBOs and efficient payment facilitation are just some of the integrated perks of embedded finance solutions. Check out use cases: https://bit.ly/4cEoWWq

Wealthify and ClearBank unite for groundbreaking instant access savings account launch ClearBank, renowned for its cutting-edge real-time clearing and embedded banking services, has announced a strategic partnership with Wealthify, a digital investment platform backed by Aviva since 2016. Read the story here: https://loom.ly/eX5acBo #FinTech #WealthTech #Investing

Banking Circle Collaborates with Fundcraft to Accelerate Account Opening for Fund Managers Read the full story here: 👇 https://lnkd.in/ettXjJ4B #banking #fundmanagers #fintechboostup

Embedded finance is a rapidly growing area of fintech and a popular topic of conversation in the industry. Stena Center executive director Ryan Christiansen shares how large banks can positively impact embedded finance. #fintech #fintechinUtah #embeddedfinance

Great article from Miriam Cross at American Banker on embedded finance and some of the recent activity from large banks in the space. Honored to contribute some of my thoughts as part of the article along with Simon Taylor. #fintech #fintechinUtah #embeddedfinance #stenacenter