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Friday, June 25, 2021

Firstmark Selects Lumin Digital For Expertise

In at this time’s prime information in digital-first banking, Firstmark Credit score Union (Firstmark) has chosen PSCU firm Lumin Digital to supply on-line and cellular digital banking, whereas Jamaica is alleged to be one of many international locations trying into central financial institution digital currencies (CBDC). Plus, a longtime Google veteran is becoming a member of Robinhood as its new chief product officer.

Firstmark Credit score Union Faucets Lumin Digital For Banking Expertise

PSCU firm Lumin Digital has been chosen by Firstmark Credit score Union (Firstmark) to provision on-line and cellular digital banking to greater than 60,000 customers when the credit score union (CU) rolls out on the platform in April. Firstmark, a long-time PSCU associate, signed a multi-year deal for Lumin Digital’s cloud-native system. The CU was established in Texas in 1932.

Jamaica Readies For CBDC Later In 2021

Jamaica is reportedly one of many international locations analyzing CBDCs. Nigel Clarke, the nation’s minister of finance, mentioned that the CBDC will see a pilot by December previous to the official rollout in 2022. Clarke mentioned that the CBDC is “to not be confused with cryptocurrency, which is privately issued and never backed by a regulatory authority,” in keeping with a broadcast report.

Google Exec Joins Robinhood As Chief Product Officer

Lengthy-time Google veteran Aparna Chennapragada will now be serving as Robinhood’s chief product officer. Chennapragada can be answerable for supervising analysis, design and product in her new position. “Robinhood has constructed a uniquely accessible product that has opened up the monetary markets to hundreds of thousands of individuals,” Chennapragada mentioned in a publish.

Boutique Market Jane To Supply BNPL With Klarna

Jane, the boutique market, lately revealed that it now supplies Klarna’s purchase now, pay later (BNPL) choices on the level of sale. “With Klarna, we now provide our value-conscious customers better monetary management and a budget-friendly approach to improve their purchasing expertise,” Jane CEO Taleeb Noormohamed mentioned in an announcement.

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NEW PYMNTS STUDY: OPEN BANKING 2021 

About The Examine: Open banking-powered cost choices have been accessible in some markets since 2018, however the pandemic drove many customers to attempt these options for the primary time — and there’s no going again. Within the Open Banking Report, PYMNTS examines open banking’s rise as retailers and cost providers suppliers worldwide faucet into such choices to supply safe, seamless account-to-account funds.



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