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Category: Open Banking


API Strategy for Open Banking Regulations in the U.S. – Why Financial Institutions Should Prepare for FDX and CFPB 1033 Today
June 27, 2024

API Strategy for Open Banking Regulations in the U.S. – Why Financial Institutions Should Prepare for FDX and CFPB 1033 Today

in Banking Core Integration , Open Banking , ORCA

TL;DR:  The Consumer Protection Financial Bureau (CFPB) expects to implement Section 1033 of the Dodd-Frank Act in the fall of 2024. What does this mean for community banks and credit unions and the future of open banking in the U.S.? Open banking regulations began globally, with Europe’s PSD2 in 2016 and a handful of countries […]

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The Resilient FI: How Prepared is Your Bank or Credit Union for the Next Big Crisis or Rapid Growth?
May 28, 2024

The Resilient FI: How Prepared is Your Bank or Credit Union for the Next Big Crisis or Rapid Growth?

in Digital Transformation , Fintech , IT Management

An uncalculated or delayed response to market demands can have disastrous effects on a financial institution’s business operations. The same can be true if your financial institution isn’t prepared to react to rapid growth. How do you future-proof your organization, and what does that look like in financial services? This blog serves as an introduction […]

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Automating ACH: Banks and Credit Unions Eliminate Rejected Files and Slash Error Handling by Half
May 16, 2024

Automating ACH: Banks and Credit Unions Eliminate Rejected Files and Slash Error Handling by Half

in Banking Core Integration , Payment Management

The Automated Clearing House (ACH) network, established by Nacha and operated by The Federal Reserve and The Clearing House Electronic Payments Network, serves as a crucial infrastructure for managing electronic payments and collections in the U.S. Despite its reliability for handling transactions such as bill payments and direct deposits, the traditional ACH system is confronting […]

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Payment Manager Automates Wire Transfer Process for Regional Bank – Saving Time and Reducing Errors
May 1, 2024

Payment Manager Automates Wire Transfer Process for Regional Bank – Saving Time and Reducing Errors

in Digital Transformation , Payment Management

This use case examines how a regional bank utilized PortX’s Payment Manager to revolutionize its wire transfer process, transitioning from a labor-intensive system fraught with redundancies and errors to a streamlined, automated solution. The Challenge The bank faced significant challenges in its wire transfer process. Tedious, manual steps involving multiple data re-entry and verification procedures […]

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Banking Experts Reveal: Top Integration Mistakes for Banks and Credit Unions to Avoid with Fintech Partners
April 9, 2024

Banking Experts Reveal: Top Integration Mistakes for Banks and Credit Unions to Avoid with Fintech Partners

in Banking Core Integration , Fintech , IT Management

I interviewed two of our sales team leaders, Nick Paoloni and Alex Paoloni, cousins who have worked in the fintech integration space for over 20+ years. My goal was to understand better how banks, credit unions, and fintechs currently think about integration and how they can avoid the cringe-worthy, innovation-stifling, point-to-point architecture that is prevalent […]

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Integration Manager 2.1 Update – SSO, Automated Provisioning, VPN, and No-Code Advancements
March 21, 2024

Integration Manager 2.1 Update – SSO, Automated Provisioning, VPN, and No-Code Advancements

in Announcements , API Management , Connectors , IT Management

Integration Manager continues to evolve as a leading solution for financial institutions (FIs) aiming to streamline their digital core banking integration. Building on the successful launch of version 2.0, we’ve released Integration Manager 2.1, which brings enhancements designed to simplify API development and management for banks and credit unions, enabling them to rapidly adapt to […]

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Embedded Finance in Enterprise Resource Planning (ERP) Systems – A Competitive Edge for FIs
February 22, 2024

Embedded Finance in Enterprise Resource Planning (ERP) Systems – A Competitive Edge for FIs

in B2B/EDI , Banking Core Integration , Fintech

We interact with innovative financial institutions (FIs) on a daily basis, examining and assessing the embedded finance model. At PortX, our experience in integrating enterprise resource planning (ERP) tools has led to several discussions with our customers about creating new business lines that allow FI services to be directly embedded into a corporate customer’s ERP […]

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4 Hot Topics in Banking Integration for Financial Institutions
February 8, 2024

4 Hot Topics in Banking Integration for Financial Institutions

in API Management , Banking Core Integration , Fintech

Daily conversations with leaders from banks and credit unions have resulted in unique insights into the evolving landscape of banking integration. Every discussion reveals a fascinating, rapidly changing world where technology and customer expectations reshape how financial institutions (FIs) operate. In this blog, I’m excited to share a few hot topics dominating our conversations this […]

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5 Must-Read Blogs of 2023: Insights for Financial Institution Leaders
December 21, 2023

5 Must-Read Blogs of 2023: Insights for Financial Institution Leaders

in AI , API Management , Banking Core Integration , Fintech

I’m constantly inspired by our team members’ innovative thinking and insights. Reflecting on 2023, I want to highlight five thought leadership blogs from our employees (and one from me) that every financial institution leader should read. Each blog presents crucial advancements and ideas reshaping how our financial institution (FI) customers operate and innovate. As this […]

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