Pinwheel announced an integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, is a leading provider of digital transformation solutions for banking and lending. With this integration via the Q2 Digital Banking Platform, banks and credit unions can provide consumers with instant direct deposit switching within their account onboarding journey. Pinwheel’s integration with the Q2 Digital Banking Platform means all Q2 customers can embed 1-click deposit switching. The Q2 Partner Accelerator program through the Q2 Innovation Studio allows in-demand financial services companies leveraging the Q2 SDK to pre-integrate their technology to the Q2 Digital Banking Platform. This enables financial institutions to work with these partners, purchase their solutions and rapidly deploy their standardized integrations to their customers. “Removing friction from the deposit switching process is critical for financial institutions to boost activation rates and secure primacy,” said Brian Karimi-Pashaki, Head of Revenue at Pinwheel. “Q2 customers can take advantage of Pinwheel Deposit Switch by making it available through Q2’s Partner Accelerator Program.”
Amount’s platform enhancements allow banks and credit unions to pend certain deposit growth, risk management, compliance, and credit decisioning applications for manual review instead of automatically declining them, to support long-term customer relationships
Amount announced a suite of powerful platform enhancements designed to give banks and credit unions greater control over deposit growth, risk management, compliance, and credit decisioning. Each enhancement reflects direct feedback from Amount’s banking and credit union clients and addresses real-world challenges including adapting credit strategy and navigating regulatory and risk pressures. The platform enhancements also support relationship-driven banking models by allowing institutions to pend certain applications for manual review instead of automatically declining them. This flexibility is particularly valuable for credit unions and community banks that prioritize long-term customer relationships even in cases where traditional data sources may fall short. New capabilities available in this release include: Real-time custom rule builder, Customizable pricing and credit line strategies, Faster, more secure bank account verification. With self-service controls embedded directly in the platform, banks and credit unions can rapidly update risk, eligibility, and pricing logic without filing a change request or waiting on implementation cycles.
Ibanera’s onboarding and AML compliance solution adopts a layered and tokenized design that replaces sensitive data with unique identifiers and makes compliance traceable and verifiable across complex networks of users
Digital banking platform Ibanera announced the launch of its ‘Nested Compliance’. Produced by the company CEO, Michael Carbonara, the infrastructure directly combats current risks faced by the Fintech and Banking as a Service (BaaS) industry. The framework differs from current financial compliance processes by automating KYC and AML processes while adopting a layered and tokenized design that embeds compliance across its vast customer network. Ibanera’s new Nested Compliance concept introduces high-level automation for KYC and AML processes for operational efficiency. The upgraded system uses API-driven, real-time compliance monitoring with early warning triggers for expiring KYC, automated counterparty verification, and embedded reporting to speed up processes and keep detailed records for audit purposes. The framework also debuts a unique design that tokenizes compliance. Sensitive data is replaced with unique identifiers, minimizing PII (Personally Identifiable Information) exposure risk. The tokenized design also creates a system where compliance is traceable and verifiable across complex networks of users, simplifying financial relationships and the overall compliance process. Through this, layered transactions are secure, monitored, and compliant with FATF, FINCEN, and global Anti-Money Laundering (AML) regulations. The new Nested Compliance protocol is being rolled out on Ibanera’s ecosystem this year and is available for customers and partners. Key updates include real-time risk assessments of counterparty data, along with ongoing AML checks to prevent illicit activities within nested payment structures.