The Point Solution Paradox
A point solution is any software that’s designed to address a single use case or solve one specific business challenge. Tyfone’s Skip-a-Pay digital banking solution is a classic example of a point solution. It [...]
Star One Credit Union’s Path To Real-time Excellence
CASE STUDY Read our exclusive case study with Star One Credit Union, one of the first credit unions to launch the FedNow service and accountable for the first-ever transaction on FedNow, just a few minutes [...]
FedNow Instant Payments: Our CEO’s Thoughts and Insights
Siva Narendra PhD CEO & Co-founder Tyfone On July 20, 2023 – the very day the Federal Reserve’s FedNow payment service launched – Tyfone, with the help of Star One Credit Union, [...]
The tyfone Difference
We Really Do Get It! Digital banking moved from a “nice to have” to a “must have” decades ago. However, even after digital banking was well into its “must-have” phase, it was still somewhat of a [...]
AI, ChatGPT and the Demise of the User Experience
In 1966, the typical user experience was pretty unremarkable. To make a phone call, you stood near the phone and fingered a rotary dial. To pay a bill, you wrote a check and licked a stamp. [...]
The Benefits of the FedNow Service for Community Banks and Credit Unions
FREE WHITEPAPER Explore how the FedNow service can transform the U.S. payment system, improving financial inclusion, and the importance of community banks and credit unions adopting this real-time payment solution. [...]
Buzzwords 101: Decentralized Finance
As the definition above implies, DeFi is not necessarily the friend of community financial institutions. In its purest form, it seeks to completely eliminate the need for traditional FIs in much the same way that Travelocity, [...]
Buzzwords 101: Cryptocurrency
Before we get into what cryptocurrency is, it’s important to clarify what cryptocurrency isn’t. Specifically, cryptocurrency is not blockchain. The two are connected at the hip, but you can’t use these terms interchangeably. Simply stated, blockchain [...]
Buzzwords 101: Distributed Ledger Technology
To understand distributed ledger technology, or DLT for short, you first need to understand the difference between blockchain and cryptocurrency. It’s easy to conflate these two, so let’s be very clear. Blockchain is a technology platform [...]
Buzzwords 101: Banking as a Service
This may seem like a simple enough definition. However, within its confines lies two completely opposite business models. Exactly how you describe BaaS beyond this definition depends on who is supplying the digital services and who [...]
