Author Archives: Tom Groenfeldt

About Tom Groenfeldt

I write - mostly about finance and technology, sometimes about art, occasionally about politics and the intersection of politics and economics. My work appears on Forbes.com and and occasionally in The American Banker and Banking Technology in London.

Trulioo Makes The World Economic Forum Pioneers And CNBC Disruptor 50 Lists

Posted on June 16, 2020

Trulioo, a global identity verification company, has been selected as one of the World Economic Forum’s Technology Pioneers and was also named to the CNBC Disruptor 50 list for the second time. Trulioo’s mission is to provide verifiable identities for … Continue reading →

Posted in banking, Compliance, Compliance, digital banking, fintech | Tagged AML, Compliance, financial inclusion, KYB, KYC

Banking And Walter Bagehot — Smart Lessons From A Leading Victorian

Posted on January 23, 2020

Bagehot — The Life and Times of the Greatest Victorian. By James Grant. 334 pages. $29.95 What a match-up: James Grant, financial journalist and in modern terminology a public intellectual, writing on Walter Bagehot, who might qualify for that nomenclature … Continue reading →

Posted in banking, Central Banking, Financial commentary, Monetary policy, UK

Low-Code Can Compensate For Shortage Of Programmers In Financial Services

Posted on November 17, 2019

The financial services industry needs to use low code development because it doesn’t have the time or the people to create services the old fashioned way, says Omar Arab, vice president of business development at Veritran. The company provides a … Continue reading →

Posted in digital banking, payments, security, Uncategorized | Tagged APIs, digital wallets, front end, low code

Helping Employees Avoid Late Fees, Bounced Checks And Pay Day Lending With Their Own Money

Posted on September 16, 2019

PayActiv gives workers access to the money they have earned without requiring them to wait two weeks for their paycheck, said Safwan Shah, the company’s CEO. It advances the money and then is reimbursed by the employer when checks or … Continue reading →

Posted in digital banking, fintech, payments, Uncategorized | Tagged advance pay, hourly workers, Walmart

DHS Updates U.S. Critical Infrastructures Including Payments And Securities Settlement

Posted on June 10, 2019

The U.S. Department of Homeland Security last week released an update to its list of 16 critical infrastructures, which included financial services such as payments and clearing and settlement of securities. “The Financial Services Sector-Specific Plan details how the National … Continue reading →

Posted in fintech, payments, security, Uncategorized | Tagged Accenture, custody, DHS, fraud, payments, Risk management, Secret Service, US Treasury

Technisys – Ready With A Digital Banking Core For North & South America

Posted on May 28, 2019

North America has a newcomer in core banking — Technisys, originally from Argentina. It is implementing a digital first system at Alberta’s ATB in a new subsidiary bank called Brightside, and it recently raised a $50 million Series C investment … Continue reading →

Posted in Uncategorized | Tagged ABA, core banking, digital banking, FIS, Fiserv, ICBA, Jack Henry, mobile first banking, SAP

Z/Yen Group Designs New Index Linking Finance and Tech

Posted on May 25, 2019

London’s Z/Yen group has developed a Smart Centres Index, designed to track the development of commercial and financial centres across the world in their support for and readiness for new technology applications. Smart centres are cities across the world which encourage … Continue reading →

Posted in fintech, Uncategorized | Tagged financial centres, innovation, new technology, Z/Yen

Ohpen Gets New Investment, Adds More Bank Clients

Posted on May 18, 2019

Ohpen, a banking tech firm in the Netherlands that was the world’s first cloud native core banking provider, has announced that its first and long time investor, the investment management firm Amerborgh, has sold part of its shareholding to NPM … Continue reading →

Posted in Uncategorized

Pew Blasts CFPB For Reversal On Payday Lending

Posted on May 18, 2019

Midnight on the 15th ended the CFPB’s comment period on its proposal to rescind the payday loan rule to protect borrowers that it had finalized in 2017.Pew said the CFPB rule on payday ending could save consumers billions. “Pew is … Continue reading →