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Equipment dealers, lenders lean into e-contracting technology - Bank Automation News
Equipment dealers and lenders are leaning into e-contracting to meet customers’ needs and take advantage of market opportunities like expanded bonus depreciation and AI improvements. Technologies such as AI and optical character recognition (OCR) tools are helping to standardize diverse customer inputs — whether they originate from paper, email or digitally — into a single system, […]
PNC teams with Coinbase to give bank clients crypto access - Bank Automation News
PNC Financial Services Group Inc. formed a partnership with crypto exchange Coinbase Global Inc. to offer its banking customers access to digital-currency services. While still in its early stages, the tie-up will probably start by allowing wealth- and asset-management clients the ability to trade cryptocurrency using their PNC accounts, according to Emma Loftus, head of […]
Crypto market gets major win as Congress passes stablecoin bill - Bank Automation News
Congress delivered a watershed victory for the crypto industry on Thursday, passing the first federal legislation to regulate stablecoins and clearing the way for broader use of the technology in everyday finance. Backed by Republicans and championed by President Donald Trump, the bill imposes federal or state oversight on dollar-linked tokens that can move around […]
PNC considers charging fintechs for access to customer data - Bank Automation News
PNC Financial Services Group Inc. is considering charging financial-technology companies for access to valuable customer data, following the lead of JPMorgan Chase & Co., Chief Executive Officer Bill Demchak said. The bank is in “discussions” to determine what actions to take, Demchak said Wednesday during a second-quarter earnings call with analysts. JPMorgan has sent pricing […]
How BNY’s AI agent helps customers navigate its API marketplace - Bank Automation News
BNY has deployed an AI-driven chat bot within its API marketplace to help clients navigate offerings. The chatbot was designed “to help those clients that are utilizing our APIs for embedded finance,” Carl Slabicki, executive platform owner of treasury services at BNY, said during today’s Bank Automation News webinar, “Seamless integration: The next frontier in […]
PayPal to create global digital wallet platform With Tenpay, UPI - Bank Automation News
PayPal Holdings Inc. is launching a platform that will enable customers with domestic digital wallets to easily transact with businesses globally, as the payments giant seeks to capture a bigger chunk of the international market.