Bank Automation

OCTOBER 31, 2024

The Consumer Financial Protection Bureau fined VyStar Credit Union $1.5 billion VyStar tried to transition to a new online banking platform in May 2022, but the platform failed leaving […] The post CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rollout appeared first on Bank Automation News.

Credit Union

Finovate

JANUARY 7, 2025

” Canada-based Lexop was founded in 2016 to offer a compassionate debt resolution platform for credit unions. The technology automates text, email, and voice payment reminders that meet members in their preferred digital channels.

Acquirers

Bank Automation

MAY 23, 2025

Teachers Federal Credit Union has reduced its loan decision time by 75% with deployment of Corridor Platforms gen AI-powered underwriting tool.

Credit Union

Finovate

JULY 23, 2025

Quavo, which provides cloud-based solutions to enable financial institutions to automate and manage fraud and dispute processes, will use the capital to accelerate investments throughout the business, drive innovation, and create even greater value for customers. Headquartered in Wilmington, Delaware, Quavo has recovered more than $1.4

Disputes

Finovate

FEBRUARY 20, 2025

Finzly’s Fedwire solution provides instant settlement, real-time visibility, and complete automation for Fedwire payments. Banks benefit from not only faster settlements, streamlined payments, and automation of key tasks, but also from the ability to seamlessly support multiple cores. billion in assets.

FedWire

Bank Automation

AUGUST 6, 2025

Since June, the following FIs selected the financial services technology provider for their core banking and tech modernization services: $70 million Triangle Credit Union, $2.4 billion Abound Credit Union; and $8 billion First Mid Bank and Trust.

Credit Union

Finovate

NOVEMBER 19, 2024

Credit union credit card issuer Collabria Financial Services has teamed up with digital identity verification fintech Trulioo. With Trulioo’s verification capabilities, Collabria will enhance its ability to provide fast, compliant, and automated onboarding experiences.

Verification

Bank Automation

JUNE 25, 2025

State Employees’ Credit Union of Maryland selected account origination solution provider Mantl to digitalize its in-branch and online account opening process. SECU uses Alkami’s digital banking platform, […] The post Transactions: SECU to automate 85% of application decisions with Mantl appeared first on Bank Automation News.

Automation

The Fintech Times

JUNE 28, 2025

Jack Henry, which serves around 7,500 banks and credit unions, says this problem is further exacerbated by the need to scale this solution across thousands of live use cases. to Automate Call Volumes appeared first on The Fintech Times. “Jack Henry’s decision to work with boost.ai

Volume

The Payments Association

JULY 21, 2025

Add to this already heavy burden, new product challenges from digital innovators – it’s understandable that banks, credit unions, building societies and other financial institutions struggle to innovate generally and can do little with cross-border payments – that’s why we’re here.”

Cross-Border Payments

The Fintech Times

JANUARY 23, 2025

“For instance, in Mexico, were working with local fintechs and other organisations including The Peoples Clearinghouse and The Mexican Association of Credit Unions of the Social Sector (AMUCSS) on an initiative that will introduce an interoperable, real-time payment pathway between the US and 140 rural community banks.

FinTech

Finextra

JULY 7, 2025

In the sections below, we break down the impact by five key areas of customer experience: personalization, self-service, customer engagement, support automation and accessibility. Market Impact: Banking Industry Leads in AI Adoption A McKinsey survey indicates that AI adoption is now mainstream across industries.

AI

Stax

MARCH 27, 2025

Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). Automated Clearing House (ACH) is one type of EFT that processes payments in batches through the ACH Network. Checks can bounce, and cash can get lost.

ACH

Fintech Finance

JULY 23, 2025

This service enables over 15 million account holders at participating banks and credit unions to digitize and transfer coins and cash directly to checking accounts from over 10,000 swipe-enabled Coinstar® kiosks at retail locations nationwide. Expand reach without expanding infrastructure.

Accounts

Bank Automation

APRIL 25, 2025

Benjamin Maxim this month was named as Michigan State University Federal Credit Unions first chief technology officer (CTO), where he will lead the East Lansing, Mich.-based based credit unions technology, product, innovation and engineering strategy. Maxim began his career at the $8.3 Maxim began his career at the $8.3

Credit Union

Fi911

JUNE 9, 2025

Banks and credit unions face a perfect storm of attractive targets, sophisticated attackers, and mounting regulatory scrutiny that makes BEC prevention a critical priority. Business email compromise attacks cost organizations $2.4 billion in 2021 alone , according to the FBI’s Internet Crime Complaint Center.

Email Compromise

Bank Automation

JUNE 11, 2025

People Trust Community Federal Credit Union is using technology provider Treasury Prime for embedded banking services. based credit union aims to diversify revenue and grow its deposit with a national reach, Treasury Prime Chief Banking Officer Jeff Nowicki told Bank Automation News.

Credit Union

Fintech Finance

JANUARY 29, 2025

Integrated payment hub for advanced processing and workflow automation with ISO 20022 translation, duplicate detection, transaction monitoring and fraud prevention. The Managed SWIFT Service is ideal for banks, credit unions, fintechs, and compliance leaders seeking reliable, cost-effective, and scalable solutions for SWIFT connectivity.

SWIFT

Bank Automation

MAY 16, 2025

Even the deep web, which unlike the dark web, includes hidden parts of the internet that can be accessed without a special browser for maintaining anonymity, can be a hotspot for fraudsters, Alex Hall, trust and safety […] The post FIs, regulators rev up anti-fraud strategies appeared first on Bank Automation News.

Regulations

Finovate

JUNE 24, 2025

Via a single interface, lenders will have end-to-end control over the optimization of their credit risk strategy. “I’ve seen how tough it can be for lenders to not only build strong risk models but also connect them to flexible, automated decision workflows,” Taktile CEO and Co-Founder Maik Taro Wehmeyer said.

Credit Risk

Finovate

JANUARY 13, 2025

FinGoal and DeepTarget have teamed up to enable community banks and credit unions to convert transaction data into actionable insights. A newly announced partnership between FinGoal and DeepTarget will help community banks and credit unions convert transaction data into actionable insights and potential revenue opportunities.

Credit Union

Finovate

JANUARY 8, 2025

Digital banking provider Lumin Digital has turned to process automation provider FINBOA for enhanced dispute management. Process automation provider FINBOA has teamed up with digital banking provider Lumin Digital to enhance the company’s dispute management operations. .”

Disputes

Finextra

JUNE 30, 2025

Even regional and mid-sized banks have started deploying AI for automation and analytics. On the risk and operations side, common uses include fraud detection, anti-money-laundering pattern detection, credit risk scoring and trading optimization. About 64% of U.S. An EMarketer report suggests that on the customer-facing side, many U.S.

AI

Bank Automation

FEBRUARY 5, 2025

The FTC estimates that consumer fraud losses in 2023 exceeded $10 billion and tech providers are looking for ways to combat that fraud for bank and credit union clients, Zest AI […] The post Transactions: MeridianLink, Sync1 Systems integrate Zest AI anti-fraud solution appeared first on Bank Automation News.

AI

Clearly Payments

MAY 13, 2025

It’s offered through most Canadian banks and credit unions. Interac e-Transfer for Business (Automated): This version is more powerful and includes features such as real-time settlement, automated deposit, higher transaction limits, and business name visibility. That makes automation and reconciliation harder.

Credit Cards

Finovate

APRIL 22, 2025

Banks, credit unions, community banks, wallets, and digital banks. Banks, credit unions, fintechs, or any other business looking to meet security awareness and compliance needs. Banks and credit unions. Quivly AI Quivly is an AI0-native revenue management platform.

Credit Union

Finextra

JULY 14, 2025

AI didn’t just automate services—it began shaping intimate, context-aware journeys that feel less like banking and more like a personal concierge for your financial life. Automated self-service options deflect routine inquiries that would otherwise flood call centers, freeing human staff to focus on high-value or complex cases.

AI

Finextra

JUNE 18, 2025

Automated tools and AI learning models can help eliminate overall friction for consumers and improve the digital experience, while also providing more effective fraud detection. With robust authentication and clear transaction context, it becomes possible to dramatically reduce fraud and increase transaction success rates.

Issuers

Finextra

JULY 14, 2025

In March 2025, the White House issued a mandate requiring that, by the end of fiscal year 2025, nearly all federal government payments—including tax refunds—must transition from paper checks to electronic channels, primarily through the Automated Clearing House (ACH) network.

ACH

Bank Automation

JULY 16, 2025

Fintech Tyfone is onboarding credit unions and regional banks looking to upgrade their digital banking services. Bronco Federal Credit Union selected Tyfone’s nFinia Digital Banking Platform to boost self-serve features for retail and commercial clients, according to a July 9 release from the Portland, Ore.-based

Transactions

Finextra

JUNE 6, 2025

For instance, AI assistants can carry out the initial processing of customer requests, automate the collection of debts and send borrowers reminders about payments as well as updating customer information. Blockchain also allows many processes to be automated through smart contracts.

BNPL

The Fintech Times

APRIL 24, 2025

Partnerships Identity platform Trulioo is partnering with PingPong , a cross-border embedded payment solution provider, to enable the cross-border firm to expand its global footprint while meeting rigorous Know Your Business (KYB) and Anti-Money Laundering (AML) compliance standards by automating verification processes.

FinTech

Bank Automation

MARCH 12, 2025

based American Eagle Financial Credit Union is integrating core provider Alkamis digital banking platform. Open banking is enabling financial institutions to stay […] The post Transactions: American Eagle FCU selects Alkamis platform appeared first on Bank Automation News. East Hartford, Conn.-based

Transactions

The Fintech Times

FEBRUARY 3, 2025

It includes expansion to credit union locals and some categories in clearing houses involved in clearing and settlement. This expanded membership includes categories for payment service providers, who will be also regulated under something called the Retail Payment Activities Act (RPAA).

Real Time Payments

Stax

NOVEMBER 13, 2024

Making a payment via the ACH network differs from making a payment with a credit card in that you are sending the money directly from one account to another, instead of charging it to a card you would later be liable to repay. Learn More What are ACH Credit Payments? Are ACH Transactions Secure?

ACH

Fintech Finance

FEBRUARY 12, 2025

Canopy Servicing , the leading commercial loan servicing platform, and Moov Financial , a leading provider of modern payment processing infrastructure, have joined forces to launch Canopy Repay, an integrated solution streamlining loan repayment operations for banks, non-bank lenders, and credit unions.

Credit Union

Bank Automation

JUNE 18, 2025

Credit unions are amping up digital banking offerings as they target a younger audience and compete with larger banks. The $128 million Shoreline Hometown Credit Union, for example, selected Mahalo Banking for digital banking services, according to a recent release.

Credit Union