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Truist targets high-growth markets with significant multi-year branch investment

Truist Financial Corporation (NYSE: TFC) today announced a significant strategic growth investment over the next five years to attract new and grow existing client relationships in some of the strongest growth markets in the country.

/cloud

More than half of bank innovation leaders say they're sick of 'cloudwashing'

New data from data-driven core banking engine provider, SaaScada, shows that while UK banks increasingly adopt cloud technology to modernise outdated core banking systems, many are realising that not all clouds are created equal.

/people

DriveWealth names Naureen Hassan as CEO

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, has announced the appointment of Naureen Hassan as Global Chief Executive Officer (CEO).

/retail

Shawbrook Bank goes live on Thought Machine's Vault Core

Thought Machine, the cloud-native banking technology company, and Shawbrook, a leading UK specialist bank, today announce that the bank has successfully gone live with Thought Machine’s next-generation core banking platform, Vault Core, to accelerate product innovation in commercial SME lending.

/retail

Tyfone signs Sunwest Credit Union

Digital banking provider, Tyfone, today announced a strategic partnership with Phoenix-based Sunwest Credit Union ($583.4 million in assets and 47,000 members) to transform the credit union’s digital member experience, provide more engaging, personalized services, drive future growth and generate operational efficiencies across the entire institution.

/sustainable

Zero unveils new carbon projects feature

Cardiff based B- Corp and sustainable money app, Zero, has launched a new feature - Zero Carbon Projects - enabling users to offset their carbon footprint through verified carbon removal projects with no monthly commitment required.

/retail

Nu Mexico grows customer base by 50% in 12 months

Nu Mexico registered an increase of over 50% in its customer base in the last 12 months, and is already the third largest financial institution in terms of credit cards issued and the sixth largest in terms of customers, considering banks and SOFIPOs in the country.

/ai

Citi gives commercial banking platform an AI makeover

Citi’s single-entry point digital client platform, CitiDirect Commercial Banking, continues to be rolled out globally, and now has additional enhanced functionality, leveraging the power of Artificial Intelligence (AI) to achieve client experience efficiencies as well as streamlined digital enhancements.

/wealth

Openbank migrates investment accounts to Upvest

Openbank, part of the Santander Group, has chosen Upvest as its new investment infrastructure provider.

/payments

Finzly integrates with Q2

Finzly, a provider of modern payment infrastructure for financial institutions, today announced an integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program.

/regulation

Fig chooses Flagright for real-time transaction monitoring and AML compliance

Flagright, the AI-native, no-code platform for transaction monitoring and AML compliance, is pleased to welcome Fig as its newest customer.

/people

The Bank of London strengthens executive bench with the appointment of Aris Asimakis as CRO

The Bank of London is pleased to announce the appointment of Aris Asimakis as Chief Risk Officer (“CRCO”).

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