News and Insights

A BRIEF HISTORY OF DIGITAL BANKING AND MONEY MOVEMENT Payments in Digital Banking used to be simple. For many years, members were limited to transferring money between their accounts, and paying some of their bills. Then, things started getting more complicated. Members asked for the ability to move money not just within the credit union,

The ability to manage our finances online, 24/7/365, is the new normal.

The rate of digital transformation has escalated beyond all measure over recent years, encouraged by a combination of the huge success of online-only challenger banks, technology becoming ever more sophisticated and the impact of the Covid pandemic, which saw the globe’s population becoming ever-reliant on digital transactions. Indeed, with branches and call centre closed, or operating a hugely reduced capacity, many people had no choice but to use digital channels during the pandemic – with many never turning back.

ieDigital, Connect FSS and ABAKA are integrating within a single identity, a move designed to offer clients a sophisticated and enhanced suite of digital customer-service channels. ieDigital, Connect FSS and ABAKA, which together form one of the leading digital banking and financial services specialists, have today announced the appointment of Rami Cassis as CEO. Cassis’

Fintilect has today announced the acquisition of  ABAKA, the AI platform for banks which uses machine learning and behavioral segmentation software to predict which products – such as banking products, savings accounts or retirement solutions – are the most likely to be bought by financial services consumers. The specialist insights offered by ABAKA enable financial services

ieDigital, a leader in digital banking software in the UK, has today announced it has acquired Connect FSS, the US-based digital banking technology provider. ieDigital is a major player in the UK fintech market, providing digital software solutions for over 50 financial services businesses. ieDigital is the chosen partner to four of the UK’s five largest

Building societies are often seen as much more community-focused than their banking counterparts. They are often “local” to the geographical area that they serve, sometimes with just a handful of branches covering a specific patch, and their customers may be referred to as “members”. Indeed, nearly three quarters of members agree that building societies are

Fintilect has been selected by Suffolk Building Society as its partner for a new eSavings platform. The digital platform will allow the Society’s members to access a range of online savings products, which is part of the Society’s wider digital transformation program across many areas of its business. The platform will be powered by Fintilect’s Interact software,

Digital transformation is a priority for financial institutions looking to stay competitive, but many banks make the mistake of relying on core banking systems to drive their evolution. The result? Slow updates, rigid processes, and missed opportunities to meet changing customer expectations. Why does this happen? Because core banking and digital banking systems serve entirely

Our CEO Jerry Young spoke to Fintech Zoom about how vital it is to be aware of the latest cutting-edge developments affecting the financial technology sector. This includes digesting the results of the latest surveys which come along on a regular basis. One such survey was released just the other day, from Lloyds Bank, which