Chris Boncimino

The problem is not bundling - the problem is fintech’s selling you smoke and mirrors - locking you into a 10 year contract - then relying on their big VC pockets to outspend you in legal to terminate. Everything we do at BankSocial has an easy out - we want you as a partner. To come share your problems and needs with us so we can fix them and help you grow. And if we end up not being the right partner- we want you to be free to find the right partner. That’s why we believe in the power of open banking and the coming wave of Web3. The fix is not unbundling and signing MORE contracts - it’s finding partners who care. #sorrynotsorry

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Exciting News! 🚀 Monit and Narmi have officially partnered up to help financial institutions provide an elevated digital experience for #SMBs and their bankers. FIs that leverage Narmi’s Business Digital Banking platform can now seamlessly enable Monit to provide actionable insights and cash flow forecasting capabilities to small business clients & members. In return, banks and credit unions will receive deep portfolio analytics, have the ability to identify deposits held away, and automatically receive highly qualified leads to deepen relationships within their portfolio. 👉 Check out the press release highlighting our client, First Internet Bank! #cashflowanalysis #businessbanking #insights

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Kasisto, Inc. Appoints Joshua Schechter as Chief Product & Innovation Officer to Lead Next Wave of Agentic AI in Banking https://lnkd.in/duTwU9QG #appointment #conversationalAIplatform #CPIO #Fintech #Kasisto

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It's a big day for #openbanking! This morning, the Consumer Financial Protection Bureau issued its final rule establishing a personal financial data right for consumers. The rule is a win for consumers, guaranteeing their right to own and securely share their financial data. The rule will increase competition, improve consumers’ choices, and drive momentum for future innovations that benefit consumers – like cash flow underwriting, stronger fraud tools, pay-by-bank, and personalized financial services – while fostering greater trust in the financial ecosystem. While today’s final rule covers account and transaction data, we are hopeful that future rulemakings will allow consumers to unlock more benefits by tapping into other aspects of their financial lives, such as payroll, student loan, investment, and mortgage accounts. Read more here ⬇ #PoweredbyFintech https://lnkd.in/eNDRuAxb

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How embedded finance helps merchants who "are looking for ways to increase conversions" but "don’t want to be financial institutions, and...don’t want to underwrite credit" still "help their customers buy more stuff."    Stream my convo w/ Fiserv's Sunil Sachdev, who also tells me why embedded finance now represents the fast-growing segment of many successful brands' revenues: https://lnkd.in/gZrfY9CB

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“A "Compassionate" Approach to Credit Data - with Prasanna Dhore, Chief Data Officer at Fiserv” https://lnkd.in/d_MacVm Today’s guest on the ‘#AIinFinancialServices’ podcast is Prasanna Dhore, Chief Data Officer at Fiserv and President of Data Commerce Solutions. Prasanna discusses the challenges faced by individuals in the "credit invisible" category, focusing on issues like lack of awareness and information asymmetry. He highlights how AI can be a pivotal tool in addressing these challenges and integrating these individuals into the financial system. In the episode, Prasanna delves into the innovative use of AI to predict creditworthiness. He emphasizes the importance of new data sources, such as cell phone records and rental payments, in enhancing credit assessments. His insights offer a comprehensive view of how technology can bridge gaps in financial inclusion and create more equitable credit opportunities. Listeners will gain a deeper understanding of how AI-driven solutions can transform credit evaluation processes and support the financial inclusion of underserved populations. This episode provides valuable guidance for leveraging AI to predict creditworthiness and expand access to financial services. #AI #FinancialServices #CreditInvisibility #DataInnovation #AIInFinance #CreditChallenges #PredictiveAnalytics #DataDrivenDecisions #FinancialInclusion #TechInFinance #Creditworthiness #NewDataSources #CreditAssessment #Fiserv #AIApplications

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Mark your calendar for sessions with Fed leaders at industry conferences next week to gain insight on innovations in payments. Details: https://lnkd.in/geDzV-hN #paymentsindustry #banking #fasterpayments #instantpayments #fintech #payments #FederalReserve

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Fintech lenders provide a CX that is enviable. At the core of this is the digitization of process, the use of alternative and open banking data, and the removal of friction from lending -- apply in a minute, get your loan in hours, no fuss. Most lenders we speak with see these technologies as table stakes for doing business in 2024. We're pleased to help so many lenders improve the customer experience and win back lost business! #CX #finance #consumers

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When customers expect options to pay online, businesses benefit from the use of electronic lockbox, or eLockbox. This is a remittance payment service that allows customers to make payments in whichever form they prefer while delivering those funds in one simple ACH deposit and compressed data file. Learn how bank lockbox services work in this blog: https://hubs.li/Q02z3RNh0

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Cindy White, Mitek's CMO, is set to take the stage at the American Banker’s DIGITAL BANKING conference on the 24th to present on 'Frictionless Fraud Mitigation'. Learn the best practices in identity verification and authentication that protect without complicating the user journey. #DigBanking #DigitalIdentity #IdentityVerification

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A CUToday article (link below) reported, "Nearly 80% of U.S. banking consumers ages 18 to 42 cited mobile banking apps as a channel where they became aware of an FI’s offerings,' according to an Oct. '23 report, 'US Banking Consumer Habits' survey from eMarketer. That's why OneDigitalTrust's platform is so right! It practically markets itself from inside your bank or credit union's own mobile banking app. And, research has found that young adults are more aware than ever of the importance of #estateplanning. Read the article, and then if you want to learn more about our easy-to-understand, legally valid estate planning platform (which also calculates tax liabilities, allows for storytelling to supplement bequeaths, provides opportunities to assign personal possession to individuals they mean the most to, and more!) please message us! https://loom.ly/cdOUGRg #creditunions #estateplanning #wills #trusts #financialwellness #trustservice #creditunion #financialadvisors #banks #wealthmanagers #mobilebanking #youngadult #banking #GenZ #Millennials

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#PaymentsSimplified The basic diagram can provide some methodology to build out from. SmartCard Marketing Systems Inc (OTC:SMKG) #PaaS #EmbeddedPaytech& #EmbeddedFinance with #DigitalPayments

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🚨 WEBINAR ALERT: Open Banking & the Impact of Regulation 1033 🏛️🌐 The CFPB’s Final 1033 Ruling is here, and it’s reshaping the payments industry by empowering consumers with greater access and control over their financial data. But what does this mean for merchants? 🔍 Join Optimized Payments and Plaid THIS Wednesday, November 20th, at 1 PM Eastern, for an exclusive webinar where industry experts Sharon Gross and Mollie Curran will break it all down for you. Key Takeaways for Attendees: ✔️ New payment channels & business opportunities ✔️ How 1033 could lower transaction fees and boost authorization rates ✔️ Compliance tips to integrate these changes safely and effectively ✔️ Insights on regulatory timelines & practical implementation tips Whether you’re a merchant or payments leader, this is your chance to stay ahead of the curve, leverage open banking, and prepare for the future of payments. Don’t miss out! Register now 🔗 https://lnkd.in/eZX-9b_U (Can’t attend live? No problem—we’ll send you the recording!) #Payments #OpenBanking #Regulation1033 #CFPB #Webinar #OptimizedPayments #Plaid #Fintech

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Aman Narain joined us on the Payments Leaders Advisory podcast. He spoke with Adrian Evans about how great companies always have a mission and purpose that they have conviction about. #mission #purpose #payments #paymentsleaders #paymentspodcast

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ICYMI: Ninth Wave and Plaid joined Breaking Banks Fintech Podcast in the Fall to discuss all things open banking and digital finance. Let's take a quick look back at the team's predictions and insights as we all look ahead to 2025: #openfinance #openbanking

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AI: it’s disruptive, divisive, and downright transforming small business lending. Watch Jane Prokop, EVP and Global Head, Small and Medium Enterprises at Mastercard, break down how AI and tech innovations are opening new doors for small businesses. Catch this quick clip from our webinar, 'Fair and Accessible Credit for Small Business and the Impact of AI' – a must-watch for anyone curious about the future of small business lending! https://lnkd.in/gcviidRs

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Be in the know on #payments news with this week’s #WeekendReads ⬇️ 1. CU 2.0 Podcast: James Colassano on Real Time Payments (RTP) Coming At You https://lnkd.in/g-ru-iXg / CU 2.0 2. New Study Highlights Tech Trends and Top Priorities for Banks in 2024 and 2025 https://lnkd.in/gS-gsKA4 / Bank Automation News 3. Is Request to Pay the New Frontier of Payments in Europe? https://lnkd.in/dH9z-HHK / Payments Cards & Mobile 4. Instant Payments Drive Profits for the Small Restaurants That Use Them https://lnkd.in/eXAyhUx5 / PYMNTS 5. Why Banks and Credit Unions Are Moving Slowly to Real-Time Payments https://lnkd.in/gZ3jz56g / PaymentsJournal

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