Alkami Technology, Inc. (Nasdaq: ALKT) is a leading cloud-based digital banking solutions provider for financial institutions in the United States. They recently announced a partnership with Atomic, a market-leading provider of payroll connectivity. This partnership is aimed at providing financial institutions with a direct deposit switching solution integrated into Alkami’s Digital Banking Platform. The key…

Bank of America has introduced a digital solution called Global Digital Disbursements to serve its corporate clients who hold deposit accounts at the bank’s Canadian branch. This move makes Bank of America the first U.S. financial institution operating in Canada to offer both C2B ‘Request for Pay’ and B2C payment processes. This development aligns the…

Visa’s expansion into stablecoin settlement with Circle’s USDC and piloting programs with Worldpay and Nuvei on the Solana blockchain represents a significant development in the payment industry. Here are some key points to understand about this announcement: In summary, Visa’s expansion into stablecoin settlement and its collaboration with blockchain networks like Solana and Ethereum signify…

In 2017, Finastra introduced FusionFabric.cloud as an open innovation platform for the financial industry. Since then, it has become a leading platform in this space. One of the notable products offered by Finastra is LaserPro, which is used by over 2,500 financial institutions. LaserPro is designed to enhance and expedite the loan processing journey for…

The collaboration between BNY Mellon and Trustly to create an open banking payment solution with guaranteed settlement, known as Bankify, represents a significant advancement in the financial industry. Here are the key points to note: Overall, Bankify represents a significant step forward in modern finance, making payment interactions more efficient, secure, and adaptable to the…

JPMorgan’s plan to expand its blockchain efforts with a blockchain-based digital deposit token represents a significant step in the financial industry’s ongoing adoption of blockchain technology. Here are some key points to highlight from this initiative: In summary, JPMorgan’s expansion into blockchain-based digital deposit tokens reflects its dedication to addressing the challenges of cross-border payments…

The Open Payment Network is a collaborative initiative between Mastercard and Paysend that aims to streamline and enhance cross-border payment services, specifically tailored to the needs of small and medium-sized enterprises (SMEs). This initiative is a response to the challenges faced by SMEs in conducting international transactions, which often involve slow and unpredictable payment processes….

Broadridge Financial Solutions has launched BRx Match, a cloud-based reconciliation and matching platform aimed at helping business users streamline complex reconciliation processes and improve data integrity. This innovation is part of Broadridge’s commitment to delivering advanced fintech solutions that address real-world challenges in the financial industry. Key features and benefits of BRx Match include: The…

Finastra has introduced a new payment solution called Finastra Compliance as a Service, hosted on the Microsoft Azure platform. This solution combines real-time sanctions screening and AI-powered anti-money laundering capabilities for banks in the United States and Europe, particularly focusing on supporting payment infrastructures like FedNow and TIPS. Key points about Finastra Compliance as a…

IBM Payments Center’s membership in the Swift Partner Programme is a significant development in the world of financial technology and payments. Here are the key points from the provided information: Overall, this collaboration between IBM Payments Center and Swift represents a strategic move to enhance the efficiency and capabilities of payment services, leveraging technology and…