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.

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

Posted on September 16, 2019 by Tom Groenfeldt

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 →

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

Posted on June 10, 2019 by Tom Groenfeldt

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 →

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

Posted on May 28, 2019 by Tom Groenfeldt

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 →

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Z/Yen Group Designs New Index Linking Finance and Tech

Posted on May 25, 2019 by Tom Groenfeldt

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 →

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Ohpen Gets New Investment, Adds More Bank Clients

Posted on May 18, 2019 by Tom Groenfeldt

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 →

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Pew Blasts CFPB For Reversal On Payday Lending

Posted on May 18, 2019 by Tom Groenfeldt

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 →

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Arab Tunisian Bank Goes Digital With Temenos

Posted on May 7, 2019 by Tom Groenfeldt

The Arab Tunisian Bank (ATB) has selected Temenos, the Geneva-based banking software company for its digital transformation program. ATB will transform its bank with Temenos Infinity, the breakthrough digital front office product, and Temenos T24 Transact, the next generation core … Continue reading →

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EDI Challenges Reference Data’s Big Four

Posted on May 7, 2019 by Tom Groenfeldt

A relative newcomer to the reference data business, Exchange Data International, is challenging the incumbents for what it terms anti-competitive practices. Specifically, EDI contends that the termination clauses in reference data contracts, which typically require users to return or delete … Continue reading →

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Russia’s Yandex.Money’s E-Wallet Goes Multi-Currency

Posted on April 10, 2019 by Tom Groenfeldt

Yandex.Money, the largest online payments services in Russia, has introduced a new service for multi-currency accounts and cards. In addition to rubles, the service allows users to keep money and pay in 10 foreign currencies: US dollars, euros, British pounds, … Continue reading →

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SETL Clarification – Re-Org, Not Bankruptcy

Posted on March 8, 2019 by Tom Groenfeldt

From the esteemed Julia Streets: SETL announces start of corporate reorganisation further to successful completion and approval of the regulated CSD development  Roadmap to position business for strong financial future. London 07 March 2019, In line with its 2018 strategic … Continue reading →

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