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WSECU Invests in AKUVO to Modernize Collections and Credit Risk Management

Finovate

AKUVO secured a new investment from Washington State Employees Credit Union (WSECU), adding to its $13 million in previously raised funds. The investment will help AKUVO expand its cloud-native collections and credit risk solutions, enhancing efficiency and customer experience for banks, credit unions, and fintechs.

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First International Bank & Trust (FIBT) Named Service Bank for Raisin as Global Fintech Becomes First to Integrate with Kotapay’s Kavinu™ Platform

Fintech Finance

With the conversion of service bank responsibilities to FIBT, Raisin now accesses a variety of cloud-based microservices to processes fund transfers between external accounts and the 80+ banks and credit unions on the Raisin marketplace, as well as perform critical risk management and compliance functions.

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This Week in Fintech: TFT Bi-Weekly News Roundup 28/01

The Fintech Times

Delfi, a machine-learning risk management platform for financial institutions, has partnered with three US banks to address interest rate risk management. Mahalo Banking, a provider of digital banking solutions, closed seven new credit union partnerships in December 2024.The

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How Financial Institutions Can Combat Business Email Compromise (BEC)

Fi911

Banks and credit unions face a perfect storm of attractive targets, sophisticated attackers, and mounting regulatory scrutiny that makes BEC prevention a critical priority. Third-Party & Supply Chain Risk Management Vendors represent the weakest link in many BEC attacks.

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Fintech Rundown: A Rapid Review of Weekly News

Finovate

Regtech Financial services compliance company Thistle Initiatives launches its integrated Risk Management as a Service (RMaaS) solution. Lending Independent asset finance provider Liberty Leasing selects Lendscape as its new contract management platform. Somalia launches its first national instant payment system powered by BPC.

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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

For example, among banks that have implemented GenAI, 88% have seen improvements in risk management and compliance, and 85% report time/cost savings. Indeed, 64% of finance leaders report using AI for fraud detection and risk management in their institutions. These are significant positive outcomes.

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American Fintech Council Provides Middle Ground in CFPB Case on New Open Banking Rule

The Fintech Times

AFC also supports the final rule’s clarity around data security and third-party risk management, as well as its allowance for the development of consensus-based technical standards.

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