Jack Henry to Acquire Payrailz
Core technology provider Jack Henry & Assoc. plans to acquire Connecticut-based Payrailz, a digital payments company used by several Massachusetts lenders.
KeyBank to Use BlueSnap’s Payments Platform
KeyBank has selected Waltham-based fintech BlueSnap to provide a global payments platform for some middle-market clients.
ZSuite Raises $11M in Funding Round
Westwood-based financial technology firm ZSuite Technologies has raised $11 million in a Series A funding round, the company said in a statement last week.
Writing a Small Bank’s Next Chapter
After 27 years working with community financial institutions at technology provider COCC, Marco Bernasconi is taking his skills to North Brookfield Savings Bank as the $350 million-asset lender orients itself for growth.
Can a Mutual Beat Fintechs on Their Turf?
Tom Senecal is leading Hoyloke-based PeoplesBank into a future even more dedicated to mutuality than before specifically because mutuality is the bank’s secret weapon.
Notarize Lays Off 25 Percent of Staff
Notarize, a Boston-based technology company that offers a remote online notarization product, laid off 25 percent of its employees on Wednesday.
BankProv Partners with Synctera on Debit Cards for Crypto Firms
Amesbury-based BankProv has partnered with financial technology company Synctera to give fintech developers in the cryptocurrency market a debit card program.
Suburban Fintech Makes Downtown Move Amid Growth Spurt
After Newton-based fintech startup Stavvy received over $40 million in series A venture capital financing last year, Chief Operating Officer Josh Feinblum and its HR team faced the task of looking for a new headquarters and onboarding hundreds of new employees.
Webster Bank to Acquire HSA Provider Bend Financial
The parent company of Webster Bank has agreed to acquire Boston-based Bend Financial Inc., a technology company that offers a cloud-based platform for health savings accounts.
Hometap Receives $245M in Capital Commitments
Boston-based financial technology firm Hometap, which provides a loan alternative for tapping into home equity without taking on debt, has received $245 million in capital commitments to its investment fund.
LendingClub Discontinues Some Legacy Radius Services
Nearly a year after LendingClub acquired Boston-based Radius Bank and its bank charter, the company has decided to discontinue some of Radius’ niche products and services.
Bank Collaborations, AI Ahead in 2022
Innovations coming in the next year could include enhancements to digital onboarding, internal processes and artificial intelligence, with some of these enhancements coming out of bank collaborations.
The Trouble with Chatbots – and How to Use Them Better
Hands up if you’ve ever cursed, mocked or yelled at a chatbot. Those automated “helpers” – supposedly designed to make customer service smarter, faster and more efficient – can certainly be a source of frustration for sentient beings.
Alloy Labs Alliance Launches Payments Network
A group of 10 community banks, including Reading Cooperative Bank and Southbridge-based Savers Bank, has partnered with a Connecticut financial technology company to launch an open payments network that the banks say will benefit consumers and community banks.
Hometap Raises $60M for Home Equity Alternative
Boston-based financial technology firm Hometap has raised $60 million in operating capital to support its platform that allows homeowners to tap into home equity without taking on debt.
Numerated Acquires Fintech to Improve Underwriting Process
Boston-based Numerated, a financial technology company that provides a business loan origination platform for banks and credit unions, has acquired another local fintech that the company said would help reduce work for lenders using the platform.
Grad Student’s Side Gig Leads to Fintech
Consulting work during Karan Kashyap’s graduate school years led him to found a startup that helps community banks and credit unions automate routine customer service calls.
Fed Outlines Banks’ Best Practices for Fintech Partnerships
In September, the Federal Reserve issued a report outlining what community banks, fintechs and other stakeholders have told it about the ways banks and fintechs partner and the risks lenders face balancing customer needs with safety and soundness concerns.
Boston-based DepositLink Joins eXp Program
Boston-based financial technology firm DepositLink has joined the eXp Partner program, making its real estate payments platform available to eXp Realty’s network of agents.
Monit Launches Partnership With Community Bank Fund
Boston-based financial technology company Monit, which offers a mobile platform for small businesses, has partnered with an investment fund that supports community bank technology, giving Monit access to more than 60 community banks involved with the fund.
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