Finzly brings agentic AI to back-end payments processing
Agentic AI Streamlines Back-End Payment Operations in Banks and Credit Unions Financial institutions are continually exploring new ways to leverage artificial intelligence (AI) to improve their operations. One such innovation is the introduction of agentic AI to back-end payment processing. Finzly, a fintech company based in Charlotte, North Carolina, is leading this wave of technological […]
RIAs are divided on advice-only flat fee structures
Financial planners have long relied on assets under management (AUM) fees as the foundation of their businesses. But as more independent RIAs enter the market, alternative fee models are gaining traction. Among the most popular are advice-only, flat-fee arrangements, where advisors charge by the hour or month instead of basing their income on client portfolios. […]
Synapse bankruptcy case tossed | Banking Dive
Synapse Financial Technologies Bankruptcy Case Dismissed After 19 months of legal proceedings, a judge made a significant decision regarding Synapse Financial Technologies’ Chapter 11 bankruptcy case. The judge, Martin Barash, granted bankruptcy trustee Jelena McWilliams’ request to dismiss the case in June, citing Synapse’s lack of funds to repay creditors and the failure to find […]
Emirates NBD stays in IDBI Bank bidding despite $3bn RBL Bank deal
Emirates NBD Continues Interest in IDBI Bank Acquisition Emirates NBD, the Dubai-based lender, remains an active participant in the bid to purchase a stake in IDBI Bank. This follows the announcement of an agreement to purchase a 60% stake in RBL Bank for $3bn. According to sources cited by CNBC-TV18, Emirates NBD has not withdrawn […]
A ‘regulatory sandbox’ model would keep fintech innovation in the US
Introduction As financial technology continues to evolve, the need for a regulatory landscape that encourages and fosters innovation becomes an imperative. Big banks such as JPMorganChase have started piloting deposit tokens for institutional payments, demonstrating the growing prominence of digital assets in mainstream finance. However, for smaller fintechs, the existing regulatory structure can often act […]
Why investment bankers on H1B visas are getting outshined by Indian colleagues
Investment Banks and H1B Visas in India We’ve recently launched a new weekly video series to provide a more in-depth look at one story to give you a comprehensive understanding. Today, investment banks employ thousands of employees on H1B visas, mainly from India. In their Indian offices, they have hundreds of thousands of employees. With […]
ECB’s Elderson welcomes debate on simplification
European Central Bank Advocates for Reduced Regulatory Complexities The Vice-Chair of the European Central Bank’s supervisory board, Frank Elderson, has made a persuasive case for the continuous efforts to reduce regulatory complexities in Europe. This remark was made during his address at the ECB’s forum on banking supervision on November 14th. Regulatory Simplification: A Necessity […]
These 4 banks are finding employee-centric uses of AI
The Emergence of AI in the Banking Sector Artificial Intelligence (AI) is making waves across various industries, and banking is no exception. The use of AI in this field is not aimed at replacing the workforce, but rather supplementing their efforts, according to Indranil Bandyopadhyay, a principal analyst at Forrester. AI-powered tools are automating mundane, […]
BNY launches stablecoin reserve fund
BNY Mellon Launches New Stablecoin Reserves Fund The Bank of New York Mellon (BNY) has recently announced the launch of a new money market fund, the BNY Dreyfus Stablecoin Reserves Fund. This innovative fund is designed to support the rapidly growing digital asset industry and take advantage of the recent regulatory allowances for banks to […]
Banking Center Region Relationship Banker 2
Embark on a Meaningful Career Journey at Webster Webster has been a beacon of financial fortitude and trust since its inception in 1935. From its humble beginnings, the bank has always been committed to putting people first, be they individuals, families, or businesses, helping them achieve their financial goals. This commitment extends to the bank’s […]