June 3, 2025

Bank technology

Banking

Banking on a single cloud platform? It’s time to rethink the risk

As banking customers’ expectations for digital experiences rise and fintech competition grows, the cloud has become essential to staying relevant. But in the rush to modernize, many banks are overlooking a growing risk: cloud concentration, write Vikrant Rai and Graham Tasman. Adobe Stock Banking’s relationship with cloud computing has shifted dramatically. What started as cautious

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Banking

We should accelerate the adoption of open banking in the US

The benefits of open banking are obvious and significant for consumers — especially those underserved by the current marketplace. Bankers and regulators should work to speed up its implementation, write Horacio Mendez, of the Woodstock Institute, and Phil Goldfeder, of the American Fintech Council.Adobe Stock It is common in the U.S. for consumers to scroll

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Banking

Latin American fintech Prometeo launches ‘borderless banking’

Prometeo, a Latin American fintech, has launched what it calls “borderless banking” for business-to-business payments between the U.S. and Latin American countries.  According to the company, Prometeo has developed middleware that integrates U.S. and Latin American financial infrastructures through a single application programming interface.  Users can access local accounts to receive payments, automate collections, and

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