Backbase is excited to announce a major expansion of the Engagement Banking Platform with the introduction of the Intelligence Fabric layer, a powerful set of data and AI infrastructure and development capabilities that are now natively embedded in the platform. This groundbreaking launch is set to redefine how banks can harness the power of data and AI to unlock significant productivity gains within their business-critical customer servicing and sales operations. AI is already playing a pivotal...

– Bank Named CIO Awards Canada Winner by IDC and CIO –

BankUnited Inc. announced it has named bank industry veteran Beth Hosen as executive vice president and head of treasury management, based in New York City. In this position, she will oversee the company’s treasury management sales, service and product, as well as its commercial card business. “Beth has an exceptional background and standard of achievement in our industry over many years and we are thrilled about her decision to join us,” said Lisa Shim, BankUnited...

EQ Bank, the digital arm of Canada’s Challenger Bank™ with a mission to drive change in banking and enrich people’s lives, announces the beta launch of its Business Account, a high-interest, no-fee everyday bank account uniquely designed to suit Canadian small business owners’ banking needs. The EQ Bank Business Account is available to existing EQ Bank customers during the beta phase, with roll-out to all Canadian business owners expected in the coming months. “Small businesses are the...

Boom DeFi Ecosystem is a secure, self-custodial platform providing e-commerce solutions and financial autonomy without traditional banking Boom Technologies (“Boom”), a DeFi unicorn and e-commerce provider for the unbanked, has announced the official launch of its decentralised finance market infrastructure, a secure and comprehensive e-commerce solution designed to empower the world’s unbanked and underbanked population. The new ecosystem offers individuals and businesses a self-custodial approach to full participation in the global digital economy without the...

IDC Financial Insights ranks top enterprises worldwide serving the financial services industry

DailyPay continues to innovate its award-winning worktech platform with a new feature that will help users on their path to financial stability. The new Savings feature will be added to the newly branded DailyPay Visa® Prepaid Card and provide users with an opportunity to create savings goals and set aside money as they earn it. DailyPay Visa Card is a general purpose reloadable card that allows DailyPay users instant earned wage access for no fee*...

CSI, a leading provider of end-to-end financial software and technology, announced the acquisition of Velocity Solutions. Velocity offers financial institutions best-in-class account and deposit acquisition, customer engagement and retention solutions as well as intelligent software for serving consumer liquidity through overdraft management. Through the Velocity Intelligent Platform®, the company’s powerful analytics support banks and credit unions in managing risk while driving revenue, account holder engagement and non-interest income. With a track record spanning nearly 30...