Transactions: BNY Mellon, Accenture team up to boost data and analytics services

BNY Mellon has selected technology services provider Accenture to enhance the bank’s data and analytics services. The bank will use Accenture’s AI and data expertise to introduce new services and create new client experiences, according to an April 15 release. [caption id="attachment_57368859" align="alignright" width="359"] Courtesy/Bloomberg [/caption] BNY Mellon’s Data and Analytics business provides software and data management to more than 800 clients, according to the release. In its first-quarter earnings report April 16, BNY Mellon listed: Non-interest expense of $3.2 billion, up 2% year over year; Revenue of $4.5 billion, up 3% YoY, quarterly record; and Net-interest income of $1 billion, down 8% YoY. “We are taking important steps to run our company better by simplifying processes, powering our platforms and embracing new technologies,” Chief Executive Robin Vince said during the bank’s earnings call on April 16. The $30 billion bank is implementing AI to boost efficiencies and productivity, Vince said. BNY Mellon appointed Julie Gerdeman as its global head of data and analytics in February. She manages software and data for nearly $47 trillion of assets managed by BNY, according to the bank’s Feb. 20 release. Mastercard launches consumer small business benefits rewards Mastercard rolled out a series of credit card benefits with new retail partners on April 1. Retailers in the new rewards program include Alo Moves , Booking.com , HealthLock , Instacart Business , Lyft , MoviePass and ResortPass , according to Mastercard’s April 4 release. The rewards program offers the following benefits: Zero - liability protection; Secure global network; and Multiple payment options. “Every Mastercard cardholder in the U.S. has access to valuable benefits, including critical safety and security card features,” Seema Chibber , executive vice president of North America Product and Engineering at Mastercard, told Bank Automation News . “These benefits simplify and enhance daily routines while bringing savings and access.” Entrust acquires Onfido for an undisclosed amount Identity-based security software and services provider Entrust is acquiring automated digital identity verification platform Onfido for an undisclosed amount, according to Onfido’s April 8 release. Onfido brings $140 million in annual revenue to Entrust’s portfolio, Tony Ball , president of payments and identity at Entrust, told BAN . “Onfido’s capabilities are critical, with AI-driven attacks from phishing and deepfakes to synthetic identities on the rise,” Ball said. By integrating Onfido’s solution on Entrust’s platform, the company can: Stop phishing and credential misuse with enhanced authentication using biometrics and digital certificates; Neutralize deepfakes while creating secure digital experiences with AI/ML-driven identity verification; and Secure data and cryptographic assets with cutting-edge encryption, key management and compliance solutions. “Onfido saw a 3,000% increase in deepfakes and a five-times increase in forged identities over the past year,” Ball said. “Onfido’s technology fights fire with fire, utilizing AI to deliver reliable liveness detection and spot deepfakes, video spoofs, masks and similar identity theft tactics.” The $175.5 billion State Bank of India, $163 billion UnionBank and The Co-Operative Bank are some of Onfido’s customers, according to the company’s website. Adyen teams up with UNICEF for fund emergency program Global payments company Adyen has teamed with the United Nations International Children's Emergency Fund to provide payment solutions for collecting donations for emergency response globally, according to Adyen’s April 11 release. “Adyen’s merchants can support nonprofits by activating [payment solution] Giving at checkout,” an Adyen spokesperson told BAN . “Giving acts as the connection between our customers and their chosen nonprofit partners — one of which is UNICEF.” By activating Giving, merchants can fundraise in their checkout online, in-app and in-store, through terminals and APIs, the spokesperson said. “Customers can donate via fixed amounts or by rounding up.” Adyen said that the easier it makes it for merchants to adopt donations at checkout, the more donations it will process, the spokesperson said. “For us, that means absorbing all interchange and scheme fees on donation transactions and building the product to meet the needs of enterprises who want to adopt global impact strategies,” the spokesperson said. Arizona Financial Credit Union selects NCR Atleos for ATMaaS Arizona Financial Credit Union (AFCU) has selected NCR Atleos as its ATM-as-a-service provider to give its customers self-service banking opportunities, according to NCR’s April 9 release. “As many of the credit union’s ATMs were reaching end of life, AFCU evaluated how to provide strong self-service experiences while supporting ongoing growth now and into the future,” an AFCU spokesperson told BAN . “The credit union ultimately selected Atleos’ ATMaaS solution, trusting the experts at NCR Atleos to manage the distribution, installation, maintenance and cash management of its fleet.” The $3.9 billion, Pheonix-based credit union operates more than 30,000 surcharge-free ATMs in the country, according to the credit union’s website. The $13 billion VyStar Credit Union , $3.5 billion Grow Financial Credit Union and Security Bank of Kansas City are among NCR customers that use the tech provider’s ATMaaS solution. Navy Fed renews contract with Backbase for digital banking solutions Navy Federal Credit Union has extended its partnership with Backbase , a digital banking solutions provider, for another seven years, according to Backbase’s April 11 release. Backbase will provide the credit union with a streamlined customer journey and internal workflows to provide a consistent experience across digital, call center and in-branch channels, Jan Rempe , vice president of customer success, North America, at Backbase, told BAN . Backbase is seeing high demand across U.S. financial institutions for providing customers with personalized digital tools for savings, investing and budget management, Rempe said. Backbase is also providing NFCU with services from fintechs like data company Yodlee “to enable transaction data enrichment, enabling members to view their transaction spending categories and better track and monitor budgets and spending,” Rempe said. Visit Bank Automation News’ Transactions Database, which lists the technology selected or acquired by companies in the financial services industry , with a specific focus on technology that enhance s automat ion.

Transactions: BNY Mellon, Accenture team up to boost data and analytics services

Mastercard launches consumer small business benefits rewards

U.S. Bank’s investment in payments tech drives growth

Ally launches digital products in first quarter

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Transactions: BNY Mellon, Accenture team up to boost data and analytics services

Mastercard launches consumer small business benefits rewards

U.S. Bank’s investment in payments tech drives growth

Ally launches digital products in first quarter

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