TD Bank Survey reveals Widespread Impact of Inflation
August 17, 202313 min
4 out of 5 consumers' spending habits were impacted by inflation, leading many to seek relief through savings and rewards
Posh announced the launch of a new AI-powered Knowledge Assistant
July 29, 20236 min
Posh, the market-leading AI provider for banks and credit unions, announced the launch of its new AI-powered Knowledge Assistant as a result of direct interest from their financial institution partners and the banking community. This employee-facing product complements their suite of external-facing AI services, which include Voice 360 & Banking Teller, Voice Concierge, and Website and Online Banking Concierge. Knowledge Assistant, a leading-edge solution for knowledge management, is already making an impact among customers who have embraced its...
Evertec to acquire Sinqia
July 24, 202317 min
Advances Evertec’s growth strategy, drives geographic diversification, and offers complementary products, Significant opportunity to provide Sinqia customers with access to Evertec’s best-in-class payments solutions, Increases share repurchase authorization. Evertec to host conference call tomorrow at 8:00 AM ET, EVERTEC, Inc and Sinqia jointly announced a definitive agreement for Evertec to acquire Sinqia, a leading player in the market of software for financial services in Brazil for consideration with a value of R$27.19 per share, increased...
Ascenda appoints Gautam Thapar as Chief Product Officer
July 21, 20234 min
Ascenda, the rewards infrastructure company for the world, announced the appointment of Gautam Thapar as the company’s Chief Product Officer (CPO). Gautam joins their executive team to lead their product vision as the company addresses the growing demand from financial services brands across the globe for Ascenda’s best-in-class rewards infrastructure. Thapar brings nearly two decades of technology and product leadership experience at big tech firms like Microsoft, Meta and Amazon. At Microsoft, he incubated their low...
First Bank and Malvern Bancorp, Inc. complete merger
July 18, 20233 min
Expanded Presence in Highly Desirable New York City to Philadelphia Corridor. First Bank announced that its acquisition of Malvern Bancorp, Inc was completed before the open of business on July 17, 2023. The combined stock and cash transaction was valued at approximately $129.7 million and will expand First Bank’s footprint in the highly desirable New York City to Philadelphia corridor. The consolidated assets of the combined company equal approximately $3.8 billion. “We are pleased to...
Craig Ault joins Honour Capital as Chief Revenue Officer & EVP
July 10, 20233 min
Honour Capital Co-Founders Brian Slipka and Shea Huston announced the hiring Craig Ault as chief revenue officer and executive vice president. “We are pleased to announce that we have added Craig to our team,” said Slipka. “Initially as the chief revenue officer, Craig will be a member of our executive team and will have responsibility for all aspects of the sales and business development efforts at Honour Capital.” “Craig is a proven leader with many ideas for how...
Moneyhub and MX enable personalized money experiences powered by consumer-permissioned data sharing and actionable insights Referral partnership will enable Moneyhub and MX to offer support for their clients in additional markets Moneyhub, the award-winning data and payments platform built on the principles of Open Banking and Open Finance, has announced a strategic partnership with MX Technologies, Inc., a leader in Open Finance in North America. This partnership enables Moneyhub and MX to leverage each company’s capabilities and...
Huntington Names Vijay Konduru Chief Marketing Officer
June 29, 20234 min
Experienced leader brings strong track record in brand performance and growth, customer experience, and analytics
The Future of Retail Banking: Info-Tech Research Group
June 23, 20236 min
The firm's research suggests that banks take into account emerging AI trends, as the existing offerings, services, procedures, and operational frameworks were primarily established before the advent of the internet.
Agora Services Named to AIFinTech100 2023
June 22, 20234 min
Agora Services, the next generation of bank as a service / embedded fintech provider announced its inclusion in the 2023 AIFinTech100 list.– a select global listing reflecting “the world’s most innovative solution providers” who are “using artificial intelligence (AI) to transform financial services.” The standout companies were chosen by a panel of industry experts and analysts who reviewed a study of over 2,000 fintech companies undertaken by FinTech Global, a data and research firm. The...