Innovation Summit Showcased the Frontier of Banking Tech in Mass.
It’s clear the possibility of ensuring everyone is never far from high-quality digital banking services is within reach.
A Digital Bank Unlocks Transformation
In just two years, Cambridge Savings Bank’s new digital-only brand Ivy Bank had hauled in over $500 million in deposits. Kevin McGuire is the executive responsible for the technology that made it happen.
UMass Boston, Three Others Join Mass Fintech Hub
UMass Boston, the University of Rhode Island, nonprofit engineering consultancy MITRE and fintech LoanSpark have joined Mass Fintech Hub to be a part of the financial technology community in the state.
New Mass. Fintech Report Highlights Need for Diversity and Inclusion
A new report found that funding and employment in the financial technology sector in Massachusetts improved from 2020 to 2022. However, there is still room for improvement in diversity and inclusion, collaboration between industry stakeholders and partnership with regulators.
A World Away, Physically and Financially
I didn’t just travel to the other side of the globe when I went to celebrate my wedding with my family in the Philippines. I’d also returned to a completely different way of banking.
WPI Adds Fintech Degree Programs
Worcester Polytechnic Institute has become the latest school to add fintech-focused degree programs to its lineup.
Expecting Growth, Numerated Moves to a Bigger Boston Office
Fintech firm Numerated is moving to a larger office in downtown Boston, expecting more growth in commercial lending at the banks and credit unions it helps underwrite business loans.
BankProv joins Mass Fintech Hub
Amesbury-based BankProv has recently joined Mass Fintech Hub together with seven other new members to support the advancement of financial technology in the state.
M&T Bank Joins Mass Fintech Hub
Buffalo-based M&T Bank has joined Mass Fintech Hub, a public-private partnership that supports the financial technology industry in Massachusetts.
BankProv Joins Online Savings Platform
Months after one of its cryptocurrency-related products led to multimillion-dollar losses at BankProv, the Amesbury-based bank has a new financial technology partnership involving savings accounts.
Banks, CUs Hope to Scoop Up Laid-Off Fintech Workers
As layoffs send fintech workers out into the job market, community banks and credit unions could see a longstanding disadvantage in landing talent evaporate.
Non-Bank Lenders Move into HELOC Space
While banks and credit unions have long dominated the market for home equity lines of credit, Massachusetts has seen other lenders – both familiar and new – make headway in the second mortgage market amid rapid changes to the industry.
Large Bank Looks to Simplify Customer Products
Patrick Smith, Santander’s new head of consumer and business banking, got hooked on retail banking after a career in the IT sector. It’s proving to be an asset as he guides the bank’s efforts to simplify its consumer products.
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.
