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ChatGPT, DALL•E 2, Stable Diffusion, and other artificial intelligence products have captured imaginations over the past year by generating striking images never before drawn and writing stories never before read. A parallel renaissance has taken over fraud control. Banks and credit unions for years have employed AI to reduce fraud, and they are increasingly doing so today. A recent survey by the identity security company Alloy found that 59% of financial service companies are looking to invest in machine

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With smaller budgets and a shortage of tech talent, community banks often struggle to adopt new technology and launch innovative products. A new partnership between banks, a venture capital firm and an asset manager provides insights into tech trends and facilitates collaboration between smaller banks and fintechs. By Craig Guillot Because of legacy core systems, manual loan processes and poor digital account opening applications, many community financial institutions lag in offering a modern banking experience.

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24/7/365 payment capability. Increasingly it’s important to move money quickly, efficiently and accurately. The ability to offer payment specialization is an excellent way for banks to gather deposits and provide their customers with a competitive advantage.

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The Closing Exchange announced today it has integrated its signing services with Black Knight’s suite of closing solutions, including Expedite Close and DocVerify, to enable trained and vetted notaries the ability to execute signings via Remote Online Notarizations (RON).

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Savings and investing app Acorns has raised $300 million in a Series F funding round that values the company at nearly $2 billion. The announcement of the raise comes about six weeks after the consumer fintech startup said it was shelving its plans for its $2.2 billion SPAC with Pioneer Merger Corp. in favor of an eventual traditional IPO. New York-based Acorns had last raised more than three years ago — a $105 million Series E round in January

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Insellerate, a leading provider of customer relationship management (CRM) and marketing automation solutions to the mortgage lender and real estate industries, today announced a strategic investment led by Argentum with participation from First Analysis and joins existing investor Strandview Capital.

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The goal is to raise roughly 35% of the $100 million in commitments sought by year end and the rest by the conclusion of the first quarter of 2022. 

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We thought you would be interested in the recent announcement that Say Technologies is being acquired by Robinhood for approximately $140 million in an all cash deal. Strandview principals have personally invested in and advised Say since its founding in 2017.  Say’s founders previously worked at Strandview’s predecessor funds and at Acorns, a predecessor portfolio investment that recently announced a $2.2 billion IPO through a SPAC merger. Say is a shareholder reporting and communication platform

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Acorns Grow Incorporated ("Acorns"), the saving and investing app, has entered into a definitive business combination agreement with Pioneer Merger Corp. (NASDAQ: PACX) ("Pioneer"), a publicly traded special purpose acquisition company. The combined company (the "Company") will continue as a publicly listed entity and have an expected pro forma fully-diluted equity value of approximately $2.2 billion, assuming no redemptions.  Institutional investors including Wellington Management, Senator, Declaration Partners, Greycroft, The Rise Fund, TPG's global impact investing platform, and

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Silvergate to be the Exclusive Issuer of U.S. Dollar Backed Stablecoins by Diem  This strategic partnership will leverage Silvergate’s regulatory experience and modern financial infrastructure.May 12, 2021 04:15 PM Eastern Daylight Time LA JOLLA, Calif.--(BUSINESS WIRE)--Silvergate Capital Corporation (“Company”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital currency industry, today announced a partnership with Diem Networks U.S. Inc. (“Diem”), in which the Company’s wholly-owned subsidiary Silvergate Bank (“Silvergate”) will become

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