Markets Media’s Post

Taurus SA-PROTECT Platform Now Integrates with Temenos Core, Offering Digital Asset Custody to Banks Jürgen Hofbauer, Head of Global Strategic Partnerships at Taurus, added: "This level of integration is a game-changer for financial institutions. It empowers banks to manage digital assets just like any other asset, reducing complexity while opening new avenues for growth. We look forward to launching together with Temenos many more features for our common clients." https://lnkd.in/erdaqzrE Victor Busson Aude Gallais Vassili L. Jean-Philippe (JP) Aumasson Bashir Kazour Nicolas Bonvin Alexandre Duret Scott Rowe Evelina Amanatidou #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

🏦 Transforming Global Payments: Derivative Path and Wells Fargo Partner to Empower Community Banks We’re seeing some big moves in fintech right now! 🚀 Derivative Path and Wells Fargo have joined forces to break down traditional barriers for regional and community banks, enabling them to compete in the global payments space like never before. This partnership combines Wells Fargo’s FX Payment APIs with Derivative Path’s advanced cloud-based platform, providing real-time FX rates across over 120 currencies and streamlining cross-border payments for smaller banks. By leveraging these cutting-edge technologies, regional and community banks will be able to eliminate inefficiencies tied to correspondent banking, while gaining access to enhanced risk management tools and improved regulatory compliance. This collaboration not only simplifies the payment process but also reduces operational costs, boosts transaction speed, and ultimately enhances the customer experience. This strategic partnership is a game-changer, allowing these banks to improve their global capabilities and compete more effectively in today’s dynamic financial ecosystem. @Sophia Rice @FinTech Magazine For more details, read the article: https://lnkd.in/eU3-4FQ8 #FinTech #GlobalPayments #BankingInnovation #FX #DigitalTransformation #CommunityBanks #FinancialServices

Save the Bank: Centralized Digital Bank — Centralization and Digitalization as Strategic Imperatives One crucial aspect highlighted is the need for a Centralized Transactions Repository (CTR). Transactions are the core of banking operations, and a centralized repository would significantly enhance ability to manage and monitor them effectively. Just as the US government uses SWIFT to control US Dollars globally, we can employ similar strategies to improve transaction oversight. The concept of "Know Your Unique Customer" (KYUC) is vital. One client had multiple client IDs, leading to inefficiencies and potential risks. A unified customer identification system would prevent this fragmentation and ensure coherence across all banking applications. With both transactions and KYUC under centralized control, the relationships between them will be clear and manageable. https://lnkd.in/et6diHN3

My latest article looks at how some banks are creating their own technology integration layers to facilitating their BaaS business lines. I spoke with Trent Sorbe at First International Bank & Trust, Hillel Olivestone at Cross River and Tom Bianco at Fifth Third Bank to learn more about the thought process behind each institution's distinct platform. My own theory is that this is creating a new era in BaaS, and I'm curious to see how this approach changes the space in the future. Read it here: https://lnkd.in/ekk4Dx5a

Derivative Path has partnered with Wells Fargo to improve global payments for regional and community banks. The partnership will streamline the collection of settlement details at the point of payment creation and provide real-time FX rates across over 120 currency pairs by combining Wells Fargo’s FX Payment APIs with Derivative Path’s purpose-built platform. 🗣️ Dan Vogt, Managing Director, Head of FX Payment Solution Sales & Product Strategy at Wells Fargo, explains: "Wells Fargo is committed to leveraging our global resources to enhance the capabilities of regional and community banks through strategic technology partnerships. "Working with Derivative Path allows our bank clients to leverage our robust APIs to bring FX payment solutions to their customers via digital channels where they want to transact.” Explore this partnership further in FinTech Magazine!

For all my banking friends looking to offer product diversification that may better attract a younger generation this article by my Wolf colleagues is a must read as the SEC has updated its guidance relative to custody of digital assets. https://lnkd.in/e6YgPW4D

🌍 Managing complex core banking operations in multiple jurisdictions? It's simpler than you imagine. As our Caribbean client is well aware, operating across six subsidiaries comes with unique challenges—the need for comprehensive monitoring and visibility across all operations, not to mention a boat load of manual tasks. Discover how a RBC benefits from the upgraded GAMMA IT operations tool to have transparency and control of its core banking operations across borders. With seamless integration and tailored training, they’re turning multi-jurisdictional complexity into a competitive advantage. Read the full story and see how GAMMA is empowering banks branching to multiple countries: https://lnkd.in/dTb_9Ypf #Automation #TemenosTPH #multicountry #GAMMA

Derivative Path and Wells Fargo Partner to Deliver Innovative Global Payments Solution to Regional and Community Banks "Wells Fargo is committed to leveraging our global resources to enhance the capabilities of regional and community banks through strategic technology partnerships," stated Dan Vogt, Managing Director, Head of FX Payment Solutions Sales & Product Strategy at Wells Fargo. "Working with Derivative Path allows our bank clients to leverage our robust APIs to bring FX payment solutions to their customers via digital channels where they want to transact.” https://lnkd.in/e7uRJ5P9 Nicole Cassidy Terrence Richardson Busey Neil Denault FirstBank Ronald Zimmerman Kristin Kelly (Fendelander) Zack Nagelberg Kyle Tompkins Josh Costner #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

FinTech Automation's EZForm launches solution for Banks & Credit Unions - IBS Intelligence: FinTech Automation (FTA) has unveiled its EZForm Digital Account Opening (DAO) solution, an innovative tool designed.

Cake by VPBank - Digital Bank achieves profitability within 3.5 years, positioning itself among the top 5 most profitable digital banks globally—a testament to its innovative business model and growth strategy. #DigitalBanking #Innovation #Profitability #CakeDigitalBank #FintechLeadership