Today we’re sharing our final set of conversations from our European fintech conference, FinovateEurope. This round of interviews expands beyond our recent look at embedded finance, open banking, and the customer experience in financial services to cover broader themes like AI, the intersection of geopolitics and finance, and the customer of tomorrow. The truth about generative aI: What financial institutions really need to know about adoption Author, Generative AI expert, and founder at Tamang Ventures, Nina Schick discusses the realities facing financial services companies when they adop ..read more

Paystand is acquiring Teampay. Financial terms of the agreement were not disclosed. Following the acquisition, Paystand will serve more than one million business customers. Teampay will continue to serve its existing customers under the same brand, and things will be business as usual “in the near term.” Cloud-based billing and payment platform Paystand announced this week it has agreed to acquire expense management platform Teampay. Financial terms of the agreement were not disclosed. The strategic move marks the California-based company’s second acquisition. Paystand purchased procuremen ..read more

BMO is bringing its Greener Future Financing program to the U.S. Green Future Financing is BMO’s first climate financing program to help SMEs become climate-resilient. BMO’s program offers both climate resiliency loan discounts and green business advisory. Canada-based BMO is bringing its Greener Future Financing program to the United States. The eighth largest bank in North America by assets, BMO announced the launch earlier this week. Greener Future Financing is the financial institution’s first climate financing program designed to help SMEs build climate-resilient operations. Specifica ..read more

Salesforce launched two new capabilities within its Einstein 1 platform, Transaction Dispute Management and Einstein Copilot Banking Actions. Transaction Dispute Management helps service agents streamline dispute management, while Einstein Copilot Banking Actions serves as a chatbot and AI assistant for bank service agents. Salesforce launched Einstein 1 in 2023 to enable customers to infuse AI, automation, and analytics into customer experiences. Salesforce announced today it has launched new capabilities to help banks resolve transaction disputes. The new, AI-powered tools streamline the ..read more

This week on the Finovate Podcast, Finovate VP and podcast host Greg Palmer sat down with Brian Lee, CEO of Landings Credit Union. Their conversation comes in advance of a special session at FinovateSpring next month, dedicated specifically to the credit union ecosystem. A part of Landings Credit Union for nearly a decade, Lee has spent the last four years as CEO. He started as CFO of the Arizona-based financial institution and, before that, worked as both a regulator and in public accounting. Founded in 1953 as “Tempe Schools Credit Union,” Landings Credit Union today has more than 15,000 m ..read more

A look at the companies demoing at FinovateSpring in San Francisco on May 21 and 22. Register today using this link and save 20%. Atomic Atomic’s PayLink simplifies subscription management by allowing consumers to efficiently manage, modify, and optimize recurring payments and subscriptions within their financial institutions. Features Update payment methods and change payment dates Pause or cancel subscriptions and resubscribe without the hassle Upgrade, downgrade or switch plans Who’s it for? Banks, fintechs, card networks, credit unions, etc. ScribeUp ScribeUp is the best-in-class ..read more

Finovate is best known for showcasing seven-minute fintech demos, and for this year’s FinovateSpring event (taking place May 21 through 23 in San Francisco), we have a lineup of fresh faces. Of the 40+ companies that will showcase their new technology during the conference, 33 companies have never set foot on the demo stage before. That’s 33 companies that are new to us– and may very likely be new to you, too. Here’s an overview of the new-to-Finovate demo companies currently on the roster: APIMatic APIMatic helps banks and fintechs generate ROI from their API investments via automation and ..read more

Impact asset manager Finance in Motion has teamed up with financial crime compliance specialist Napier AI. Finance in Motion will deploy Napier AI Continuum as its anti-money laundering and counter terrorist financing (AML/CTF) platform. London-based Napier AI made its Finovate debut at FinovateEurope in 2018. Financial crime compliance company Napier AI announced a partnership with impact asset manager Finance in Motion this week. The partnership calls for Finance in Motion to deploy Napier AI Continuum as its anti-money laundering and counter terrorist financing (AML/CTF) platform. Addit ..read more

ComplyAdvantage announced plans to acquire knowledge engine builder Golden Recursion for an undisclosed amount. ComplyAdvantage will implement Golden’s data extraction and disambiguation methods to help financial institutions minimize their risk of financial crime. The deal will also increase ComplyAdvantage’s footprint in the U.S. and will make Andreessen Horowitz (a16z) a top shareholder of ComplyAdvantage. Fraud and AML risk detection platform ComplyAdvantage announced it has agreed to acquire knowledge engine builder Golden Recursion. Financial terms of the deal were not disclosed. Fou ..read more

What do Apple Federal Credit Union, Carter Credit Union, and SCE Credit Union all have in common? All three financial institutions announced this month that they are teaming up with small business lending platform JUDI.AI. In a series of blog posts at the company’s website, JUDI.AI’s Director of Marketing Kyle Thom welcomed the three credit unions to what he called “our growing group of 35+ forward-thinking community lenders who are on a mission to reinvent small business lending.” JUDI.AI offers credit unions and community banks an alternative approach to helping small and medium sized busi ..read more