Intellect Global Consumer Banking | iGCB’s Post

Vancity, Canada’s Largest Community Credit Union, Selects Intellect for eMACH.ai Composed Digital Transformation Rajesh Saxena, Chief Executive Officer, Intellect Global Consumer Banking | iGCB), Intellect Design Arena Limited, said, “We are thrilled to join hands with Vancity, a respected leader in the credit union space. This collaboration is a testament to our shared vision of delivering exceptional member experiences through innovation and digital transformation and our commitment to the Canadian market. Our DEP and CBX platforms are designed to cater to the dynamic needs of modern financial institutions, and we’re excited to see how this partnership will enable Vanity’s offerings. This partnership is not only a pivotal moment for Intellect and Vancity but also sets a new benchmark in digital banking innovation, showcasing the potential of strategic collaborations in creating enhanced value and experiences for credit union members worldwide.”   https://lnkd.in/drtU37HT Wendy Murphy, ICD.D #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

finova unveils new digital-first, end-to-end savings platform to drive innovation with savings providers Chris Little, Chief Revenue Officer at finova, commented: “Customers like seamless tech experiences, whether that’s making a contactless payment at the supermarket or tracking their physical well-being on a fitness tracker. It is therefore natural that they would expect the same from their online banking experiences and finova Savings is designed to do just that. “The solution fits neatly into a lender’s existing systems allowing them to be operational in four months. In essence, the platform is designed to make the lives of customers easier, so they can manage their balance and reach savings goals, all while reducing operational costs for the savings provider. “We are excited to develop the solution further, and look forward to seeing it make an impact on the market.” https://lnkd.in/e26XKFwJ Rowan Clayton Gemma Reid Jenny Chu Richard Marsh #FFNews #Fintech #FintechMagazine #FintechFinance #Paytech #PaytechMagazine #Insurtech #InsurtechMagazine #KYC #Lendtech #Regtech

Marqeta and credi2 Team Up to Provide New Instalment Capabilities for Banks in Europe Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced a new partnership with credi2 to provide an end-to-end instalments platform designed for banks, helping them deliver instalment payments on cards to meet growing consumer demand for more flexible and seamless digital payments experiences. “Launching new payments solutions is incredibly time consuming and complex, not to mention the stakes are incredibly high when dealing with stringent regulatory requirements and cross-border payments,” said Todd Pollak, Chief Revenue Officer, Marqeta. “With Marqeta and Credi2, our bank customers will be able to focus on creating a delightful experience for their customers that gives them greater flexibility, while we navigate the complexities on the backend. We’re proud to work with an innovative partner like Credi2 to bring more banks to the forefront of innovation in BNPL.” https://lnkd.in/eB_tYEam Simon Khalaf Randy Kern Mike Milotich James Robinson Daniel Strieder Michael Handler Jörg Skornschek Federico Sanavio #FFNews #Fintech #FintechMagazine #FintechFinance #Paytech #PaytechMagazine #Insurtech #InsurtechMagazine #KYC #Lendtech #Regtech

UK Fintech News Roundup: The Latest Stories 06/12: Every Wednesday, we serve up the latest UK fintech news. On 06 December, we look at stories from SmartSave, Moneyhub, PayPlan and Napier. #finpeform #fintech

About a year ago, we did an article on why community banks are dying, but there is a massive opportunity if someone changes that narrative. Well, Randy San Nicolas, Co-Founder of Braid, found that article because his team was building the solution. In fact, they're building at a quintessential market time as existing banking as a service players are failing due to tighter regulatory oversight. The difference with Braid is that banks keep contractual control and compliance oversight with fintech customers - FYI, regulators love this. People still want to bank or raise credit locally, but banks need deposits from new sources. Looking forward to following Braid change the future of banking as they level the playing field for banks or credit unions of any size to launch or partner with fintechs. Also, Randy San Nicolas and Jake Zhu are just such good people and I'm lucky to know them. Old article here: https://lnkd.in/gz3qcmrC Check out why we invested here: https://lnkd.in/gCCHXaU4

Moneyhub are the FIRST to TPP to connect to The Co-operative Bank plc, Smile Bank AND Kroo Bank 👏 📲 Moneyhub’s open banking connectivity offers a simple solution to connect across current accounts, savings, loans, investments, mortgages and MORE 👨💻Dan Scholey, CCO at Moneyhub comments: “Our users have been increasingly asking for connections to Co-op, Smile and Kroo, so we’re delighted to announce that we have become the first TPP in the UK to connect with them via Open Banking. “We want to ensure that we continue to offer our users the most comprehensive set of connections in the UK to ensure they can see a true, holistic view of their finances on the app or through one of our partners’ platforms. Only with a holistic view can we truly make informed decisions on our finances, receive personalised advice and guidance, and ensure we are all prepared for later life.” Find out more on the link below! 👇 Amanda Bennett Samantha Seaton Jon Hart Dave Tonge Vaughan Jenkins Joanne Briggs Kim Jenkins Ingrid Anusic Alexey Gabsatarov Zach Sulley Andrea De Gottardo Rebecca Gee Deborah Darlington #openbanking #openbankingapi #moneyhub #personalfinance #fintech #fintechnews #fintechcommunity #kroo #financeapp #bankingapp #financialservices #digitalbank

Exciting news for Santander US! The bank has announced the rollout of Openbank in the US market in the second half of 2024. This marks the first time that Santander combines all of its core, award-winning proprietary technology to deliver an innovative and secure cloud-based banking platform in the US. With the launch of Openbank, Santander US is set to accelerate its execution against its profitable growth strategy, establishing itself as an at-scale digital bank with branches. This move is poised to bring a new level of convenience and flexibility to customers across the country. Stay tuned for more updates as we move closer to the launch of Openbank in the US market! #SantanderUS #Openbank #digitalbanking #innovation #cloudtechnology

Around 29 per cent of UK consumers who missed a payment or went into their overdraft, did so despite having funds in another account; new research from Moneyhub’s #Payments Division has revealed. Of those, 42 per cent said that having #automatic payments that would move money if one account didn’t have enough would help them avoid missing a payment or going into their overdraft. A further 38 per cent said receiving a notification of a payment due to be collected would similarly help – highlighting the positive impact #technology such as smart nudges and open banking payments can have.https://https://lnkd.in/es7jDyCF

Check out the latest op-ed on the CLA's official blog Canadian Finance News: "GenAI and Low-Code: Transforming the Canadian Retail Lending Landscape" Read here: https://lnkd.in/gPRSY4Xd Sandeep Hinduja, VP of Sales (Ameicas) at Newgen Software explores the transformative impact of generative artificial intelligence (GenAI) and low-code technologies on the Canadian retail lending landscape. Amid a digital revolution, these innovations offer unprecedented capabilities to enhance the customer experience and streamline operations in the face of increasing consumer demands and a competitive market. Despite potential economic downturns, the Canadian consumer credit industry continues to grow, with technological advancements playing a pivotal role in shaping efficient, personalized lending processes. From the historical evolution of retail lending to the modern integration of GenAI and low-code platforms, the blog details how these technologies are redefining the sector. It highlights GenAI’s role in automating and personalizing customer interactions and low-code platforms’ contribution to rapid solution deployment, ultimately presenting a future where financial institutions can leverage these technologies for growth, efficiency, and improved service delivery. Carry on the conversation at the 2024 Bankers Summit on May 15th at The Quay in downtown Toronto! Register your organization for the 2024 Bankers Summit here: https://lnkd.in/gZJpQSgN #nextgen #fintech #genai  #lending Canadian Lenders Association

An independent report commissioned by ClearBank and produced by leading analyst house Celent, has found that EMIs now hold deposits of €35 BILLION across Europe 🤯 🏦 🇬🇧 ClearBank's report - UK and European banks and EMIs: friends or foes? - examines how the EMIs are affected by the fintech downturn and increased regulatory pressure - AND their relationships with banks 🤝 🌐 Also highlighted is the interconnectedness and COMPLEXITY of the fintech ecosystem, where banks, EMIs and other fintechs are as much cooperative partners as they are rivals 👨💻 “EMIs have played a key role in the growth of fintech and are now systemically important. We live in an age of ‘coopetition’, with the same entities competing in one area and cooperating elsewhere,” said Zilvinas Bareisis, Head of Retail Banking and Payments at Celent, and one of the co-authors of the report. “This is the case for banks and EMIs—they can compete and partner on the way to capturing this opportunity.” Read the full report on the link below! 👇 Geoff Whitehouse John Salter Charles McManus Mark Fairless Emma Hagan Simon Lam Alla Babkina Yasemin Swanson Philip H. Sam Williams Tom Harris Megan (Caywood) Cooper Aimée Cole #clearbank #digitalpayments #electronicmoney #emoney #payments #emi #regulatorycompliance #fintechecosystem #banking #fintech #fintechnews #embeddedfinance #partnerships #financialservices #fintechcommunity