E-commerce giant DoorDash has teamed up with fintech Fiserv for embedded finance services. “This solution enables DoorDash to offer its delivery contractors a full range of financial services,” Frank Bisignano, chief executive at Fiserv, said during the company’s Oct. 22 third quarter earnings call. “Within a single app, they can get instant access to wages…
Francesca Diluiso and Aydan Dogan To achieve the emissions reduction targets outlined in The Paris Agreement, many economies have started implementing various types of climate policies. These policies, which include subsidies for green production or investment, carbon taxes, and cap and trade schemes, are crucial for guiding the transition to a greener economy. However, by…
Banks are investing in their digital banking offerings and Fiserv has launched a new platform to meet those needs. Fiserv launched experience digital, or XD, in September. It provides features like cash flow central, real-time payments and point-of-sale Clover for bank customers, Chief Executive Frank Bisignano said during the company’s third-quarter earnings call today. The…
US banks will now have to give customers access to their financial data after the top consumer watchdog finalized a long-awaited rule aimed at fueling more competition for financial products. Under the Consumer Financial Protection Bureau measure, consumers will be able to demand, download and transfer their highly-coveted data to another lender or financial services…
Ashleigh Ashbrook, vice president of digital service experience at Michigan State University Federal Credit Union, will join the Bank Automation Summit U.S. 2025 speaker faculty. The summit, which takes place March 3-4 at the Hilton Nashville Downtown in Nashville, Tenn., will provide two days of insight from industry experts on ways financial institutions are benefiting…
Dickinson Financial Corp., the holding company for $1.3 billion Armed Forces Bank, implemented an automated proactive monitoring and anomaly-detection system in the fourth quarter of 2023 that allows the bank to identify fraud before clients are aware it is happening. The $3.9 billion holding company of Armed Forces Bank and $2.6 billion Academy Bank selected…
Wells Fargo’s Innovation Center in Menlo Park, Calif., is hosting meetings with partners and venture capital firms after opening in May. “We are using this space to uncover new ways to collaborate internally, with customers, and partners, using skills across areas like research, emerging technology, product, strategy and operations to create solutions for our clients,”…
Commonwealth Credit Union is using Zest AI’s underwriting solution to speed up customer service and improve risk modeling and accuracy of underwriting. “Seventy percent to 83% of all our loan underwritings are automated now,” Chief Growth Officer Jaynel Christensen told Bank Automation News. The $2 billion credit union started working with Zest AI in 2021…
Ally Financial expects deposits to flow out as interest rates go down, but it is looking to digital tools and experiences to maintain — and even grow — deposits. “Our focus remains on providing a great customer digital experience while simultaneously demonstrating efficiency by adapting to different operating environments” like a low-rate cycle, Russ Hutchinson,…
Fifth Third Bank’s overall noninterest expenses increased in the third quarter driven by higher technology and communication spend. The $214 billion bank saw a $23 million increase from Q2 in noninterest expenses in the third quarter to $1.24 billion, driven by continued investments in its technology and branches, according to its earnings supplement released today. …
