Bank Automation News

Previously known as Bank Innovation, Bank Automation News has been a leader in monitoring the changes in digital banking since 2009. As the future of innovation leans towards automation, we have shifted our coverage to deliver insights that help industry professionals achieve better outcomes. Automation represents a significant advancement in financial services technology. It has the potential to enhance or completely change various banking processes, ranging from customer service to compliance, lending options, and investment strategies. This technology is set to bring about the most significant changes in financial institutions since the digitization of services following the Credit Crisis. Banks that haven’t yet invested in automation need to start focusing on this area to stay competitive. This shift will also require investment in training and educational resources. Bank Automation News is the first and only source dedicated to news and education in this growing area of financial technology. We offer a Premium subscription service that includes unlimited access to Premium articles, a weekly video update, exclusive discounts for events, and much more. Subscribers to the Premium plan gain access to valuable data and exclusive market insights. For those looking for even more benefits, our Premium Plus subscription includes everything in the Premium package, plus passes to all Bank Automation News events, a library of on-demand conference content, exclusive monthly webinars, and additional perks.

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Tariffs give fintechs chance to gain market share

2 days ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Traditional financial institutions are tightening their credit standards amid economic uncertainty and tariffs, presenting an opportunity for fintechs to gain small business market share. More banks tightened standards for commercial and industrial loans to large- and middle-market firms in the second quarter compared to Q2 2024, according to St. Louis Federal Reserve data. "We have [...]
4 key payments trends at JPM

3 days ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi NEW YORK - Banking giant JPMorgan Chase is innovating its payments infrastructure with new tech amid a shifting regulatory landscape. The $3.6 trillion bank is incorporating tech that can make operations simpler, efficient and cost effective, Sri Shivananda, chief information officer for payments at JPMorgan Payments, said during a panel at New York City Tech [...]
Bluevine taps Stripe for invoicing, payment links

4 days ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Small and medium-sized banking service provider Bluevine chose payments company Stripe for B2B payments. By working with Stripe, Bluevine customers can create invoices and payment links, accept multiple payment methods and get paid directly into their Bluevine accounts. "We wanted to join forces with a trusted partner like Stripe to solidify our status as an [...]
Thread Bank growing via embedded banking

5 days ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Thread Bank is looking to embedded banking to grow its deposits, while scaling operations through tech stack investments. The Nashville, Tenn.-based bank started offering embedded banking to businesses in 2021, Chief Executive Chris Black told Bank Automation News. Deposits were $700 million in 2024, up from $100 million in 2021. "The majority of growth [...]
AI saving clients169K accounting hours each month

6 days ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi Fintechs Brex and Bluevine are implementing AI within their products and operations to save time and keep up with volatile market conditions. Expense management and financial services provider Brex has embedded AI-driven tech in: Assistants; KYC and onboarding; and Client servicing. The Salt Lake City-based company introduced its AI-driven accounting assistant in 2023 and has [...]
3 FIs fight scams with gen AI

6 days ago | bankautomationnews.com | Whitney McDonald

By Whitney McDonald Consumers are increasingly falling victim to scams and financial institutions are stepping in to combat the losses. In 2024, consumers reported losing more money in investment scams than in any other scam category, according to data from the FTC. Consumers lost $5.7 billion to investment scams in 2024, up 24% from 2023. Trinity Bank, [...]
Banks replace passwords with QR codes for security, CX

1 week ago | bankautomationnews.com | Whitney McDonald

By Whitney McDonald Financial institutions are offering new options to traditional passwords to enhance security and sign-in experiences - and clients are opting in. The global cost of fraud and cybercrime is projected to reach $10.5 trillion in 2025, according to a report by the World Economic Forum and data from research firm Cybersecurity Ventures. Weak or [...]
Fintech funding future uncertain in tariff-saddled market

1 week ago | bankautomationnews.com | Vaidik Trivedi

By Vaidik Trivedi It is too early for experts to predict the impact of ongoing economic uncertainty worldwide - driven by tariffs and macroeconomic and geopolitical headwinds - on fintech funding. "The markets tend to dislike uncertainty and seize up/slow down when it increases, which it certainly has recently," Carey Ransom, managing director at financial services-focused strategic investment [...]
Trade research, fighting fraud among top Nvidia AI uses

1 week ago | bankautomationnews.com | Vaidik Trivedi

Chipmaking giant is seeing high demand for its AI tools within the financial services industry. Nvidia is seeing a "sharp jump" in its AI services as companies in all sectors across the globe continue to adopt and deploy AI, Chief Financial Officer said during the company's first-quarter earnings call today.
Michael Lehmbeck new CIO at AgFirst

1 week ago | bankautomationnews.com | Whitney McDonald

By Whitney McDonald AgFirst Farm Credit Bank has named Michael Lehmbeck chief information officer. Lehmbeck joins the Columbia, S.C.-based credit union from BankUnited where he was chief technology officer. At $47 billion AgFirst, Lehmbeck will be responsible for delivery of information technology solutions, innovation platforms, enterprise architecture management data services and IT operations, according to a May 20 [...]