Dwolla Expands Partnership With Plaid to Streamline Pay by Bank
Pay-by-bank solution provider Dwolla is expanding its partnership with data network Plaid. The companies will integrate Plaid’s instant account verification and risk assessment tools into Dwolla’s pay-by-bank platform, according to a Wednesday (Oct. 23) press release. The solution is scheduled to launch in early 2025. The collaboration will...
How Open Banking is Enabling Better Embedded Finance Customer Experiences
As one of the hottest trends in payments, embedded finance has emerged as a compelling credit proposition for consumers and businesses. The execution demands an intricate web of collaboration and technology and might even intersect with another hot concept: open banking. As Tribh Grewal, head of FinTech partnerships at Discover®...
FinTechs and FIs Find Common Ground on Scaling Real-Time AML Compliance
Recent announcements and partnerships have shown core banking’s appeal — not just for traditional FIs, but FinTechs too — as anti-money laundering (AML) efforts must scale and move into real-time functionality, ideally automated, to monitor real-time transactions. Struggling with the Legacy Systems. Generally speaking, core banking providers...