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

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 , , , ,

Banking And Walter Bagehot — Smart Lessons From A Leading Victorian

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

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 , , ,

Volante Offers SWIFT Message Validation on AWS

– Volante Technologies, a global provider of messaging and payments technology both in-prem and in teh cloud, today announced it has launched financial message validation on the cloud, available as an Amazon Machine Image (AMI) on the AWS Marketplace. Like … Continue reading

Posted in digital banking, fintech, payments | Tagged , ,

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

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 , ,

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

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 , , , , , , ,

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

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 , , , , , , , ,

Z/Yen Group Designs New Index Linking Finance and Tech

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 , , ,

Ohpen Gets New Investment, Adds More Bank Clients

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

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

Posted in Uncategorized