Five phases of FinTech (2005-2027)
Chris Skinner
MAY 16, 2019
Three years ago, I blogged about three phases of FinTech. Three years later, I can expand on that theme and talk about five phases of FinTech.
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Chris Skinner
MAY 16, 2019
Three years ago, I blogged about three phases of FinTech. Three years later, I can expand on that theme and talk about five phases of FinTech.
PYMNTS
OCTOBER 12, 2020
billion, Berlin-based FinTech N26 is exploring seeking additional investments in calendar 2021, Bloomberg reported Monday (Oct. FinTech companies are expected to benefit over the long term from customers’ shift to online banking due to COVID-19. Venture capital investment in Europe’s FinTech industry has surpassed $35.4
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PYMNTS
FEBRUARY 18, 2020
FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. This is the first time a FinTech has purchased an actual bank.
Perficient
JULY 11, 2022
Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later. According to Kristen E.
PYMNTS
MAY 19, 2020
FinTech payments platform Nium , based in Singapore, is expanding its global reach to service Kasikornbank’s Asia-Pacific customers in Indonesia, Korea, Malaysia, the Philippines and Vietnam. Nium, formerly known as InstaReM, has closed four funding rounds totaling $59 million since it was founded in 2014.
PYMNTS
MAY 6, 2020
FinTech payments startup Nium , based in Singapore, is getting a new round of funding led by new investors Visa and BRI Ventures. Nium, formerly known as InstaReM, has closed four funding rounds totaling $59 million since it was founded in 2014. The size of this latest round was not disclosed.
PYMNTS
JANUARY 25, 2021
German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). Backed by billionaires Peter Thiel and Li Ka-Shing, N26 launched its first products in 2015 and is among Europe’s most valuable non-listed FinTechs.
Chris Skinner
MAY 4, 2017
There are different views of what constitutes a FinTech Unicorn. appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 1, 2018
The Alibaba Group will take a 33% equity stake in Ant Financial, it’s affiliate fintech company that operates popular mobile payments service Alipay, the group announced today.
Chris Skinner
JUNE 30, 2016
I was piqued by Victor Matarranz’s [SEVP Head of Group Strategy and Chairman’s Office, Banco Santander] presentation at MoneyConf last week, mainly because he began by talking about Fintech 1.0 versus Fintech 2.0. Fintech 1.0
Bank Innovation
SEPTEMBER 4, 2018
Fintech startups, particularly neobanks, have long suffered from having great technology, but few customers using it. What was BBVA paying for when it bought Simple for $117 million in 2014? Simple and Moven had more innovative offerings than traditional peers, but that didn't translate to more customers or more revenue.
Bank Innovation
JUNE 28, 2016
Daily Fintech is 2 years old today. For the record, here is the first post on June 29th, 2014. It is worth a read and, as it had only a handful of page views, it is quite possible that you missed it Here is our Happy Birthday Post on June Read More.
Chris Skinner
MAY 18, 2019
The main blog headlines are … Five phases of FinTech (2005-2027) Three years ago, I blogged about three phases of FinTech. Three years later, I can expand on that theme and talk about five phases of FinTech.
Bank Innovation
DECEMBER 6, 2016
Traditional Fintech is so boring – and so profitable. Two years ago, in December 2014, we took a look at Read More. The question is whether these vendors will use some of those profits to transform themselves or let nimble startups with modern technology and new business models eat their lunch.
Bank Innovation
JULY 21, 2016
When Lending Club did its IPO in December 2014 I declared it as the Netscape moment for Fintech (when it became conventional wisdom that this was going to change the world). I could be accused of contributing to the Fintech hype, which became intense in 2015 with investors flooding into Read More.
Bank Innovation
MARCH 10, 2016
Eons ago, in November 2014, Daily Fintech looked at Google as part of a series on big tech ambitions in Fintech (Apple, Facebook, Alibaba, Google). This is the story of the dog that did not bark (yet)” 15 months is officially an… Read more Google closing Compare may signal bigger ambitions in Fintech.
Bank Innovation
AUGUST 26, 2016
Image credit: Cafe Credit In March 2014 the Australian Parliament rubber stamped new Credit reporting & Privacy Laws that enabled Credit Providers (CPs) and Credit Reporting Bureaus (CRBs) to commence voluntary Comprehensive Credit Reporting (CCR). Read More.
Bank Innovation
MARCH 9, 2016
Asian fintech deal sizes dwarfed U.S. Global fintech funding skyrocketed in 2014 and 2015, but tapered off in the fourth quarter of 2015, with the implication that 2016 won’t be so sweet, according to the report. deal sizes in 2015, a new report from KPMG and CB Insights shows. But yesterday’s Ant Read More.
PYMNTS
MARCH 25, 2020
Branchless bank and FinTech Green Dot has reported that Dan Henry will step in as its new president and CEO, and will also join the board of directors. Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. billion all-cash sale to TSYS. “I
PYMNTS
JANUARY 21, 2020
London-based expense management startup Expend is introducing a FinTech marketplace to support small to-medium-sized enterprises (SMEs), the company announced on Tuesday (Jan. Expend was founded in 2014 by Johnny Vowles and Rudolph Graan. There are also plans in the works for exclusive cardholder offers. . billion by 2025. .
CB Insights
SEPTEMBER 1, 2020
CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. The 2020 Fintech 250 cohort has raised approximately $49.2B 25+ winners will be presenting at our upcoming fully virtual Future of Fintech Conference (Nov.
PYMNTS
MARCH 22, 2019
The latter firm had been one of the investors in the original $1 million seed round raised by Thinknum in 2014. In Africa, and in a different form of investment activity – this time through acquisition – Lagos FinTech startup OneFi said it will acquire Nigerian FinTech Amplify for an undisclosed amount.
PYMNTS
MARCH 20, 2018
FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers in Australia, a new report by Scottish Pacific found. FinTech offers include creating seamless online loan applications and software that analyzes financial data to deliver the best possible deal.
PYMNTS
FEBRUARY 20, 2018
19) that they had inked a deal to collaborate and support FinTech initiatives called the Cooperation Arrangement on Financial Technology Innovation (FinTech Arrangement). According to a press release , the two organizations will support each other’s efforts via the FinTech initiatives LabCFTC and FCA Innovate.
Bank Innovation
APRIL 18, 2018
Launched back in 2014, […]. EXCLUSIVE - With over 100,000 signups to date, Ollie Purdue, CEO of digital current accounts Loot will turn his focus on generating revenues this year. “We We spent last year and most of 2016 scaling and on the workings of the product,” Purdue told Bank Innovation. This year, we look at revenues.”
PYMNTS
MARCH 14, 2016
That means the region is becoming a sweet spot for FinTech investment. billion, as measured across payment companies, Internet insurers and peer-to-peer players, and the most recent tally grew by 60 percent over 2014, Reuters reported. As a region, Asia has seen $4.5 The global investment activity in the space stood at $19.1
PYMNTS
JULY 19, 2016
Bloomberg reports that the biggest bank in Spain is, in effect, doubling down on its investments in FinTech. The fund has invested in more than a half dozen startups since opening its doors in 2014.
CB Insights
MARCH 21, 2019
From 2014 to 2017, North America, China, and the UK established themselves as the heavyweights of fintech in the world. In 2018, the pendulum swung the other way, with the majority of fintech growth located on the periphery: in South America, Australia, Africa, and parts of Asia beyond China. That’s starting to change.
Bank Innovation
OCTOBER 13, 2017
Santander InnoVentures, the venture capital arm of Santander Bank, has invested $6 million in Mexican fintech ePesos. The fund was launched in 2014 and has […]. InnoVentures was the leader in the round, though VilCap Investments, Finlab, and Pomona Impact also invested.
PYMNTS
JANUARY 30, 2017
Nyca Partners, the venture capital firm focused on the FinTech market, raised $125 million for a second fund. According to a report , Hans Morris, the former Visa president turned venture capitalist, created Nyca Partners in 2014, launching a $30 million fund. Nyca Partners isn’t the only one eyeing the FinTech market.
PYMNTS
JULY 31, 2018
Coverage includes Accenture ’s FinTech Innovation Lab Asia-Pacific. In Asia , eight FinTech startups have been chosen for Accenture’s 2018 FinTech Innovation Lab Asia-Pacific, the firm said in a announcement. The annual 12-week mentorship program, which launched in 2014 in Hong Kong, received applications from over 160 firms.
PYMNTS
JANUARY 18, 2018
Indian Bank of Baroda is working with a FinTech player to enhance its supply chain finance offerings. Baroda’s iGTB partnership means the bank is joining a growing list of traditional players collaborating with FinTechs to enhance supply chain finance and other corporate financial service offerings.
PYMNTS
FEBRUARY 22, 2018
Southeast Asia is now front and center on the world’s FinTech stage, and it’s no accident. Regulatory efforts to promote FinTech innovation, a bustling climate for blockchain and interest from other markets eyeing the region for expansion have all led to Southeast Asia’s impressive standing in this space.
Bobsguide
MARCH 14, 2022
Profile Software , the leading financial solutions provider, announced today the selection of Axia by Cirdan Capital, a financial technology company in the UK founded in 2014, that specialises in the issuance of structured investment products, to complete the proprietary technology of its platform.
Chris Skinner
JANUARY 31, 2019
Things we’re reading today include … Deutsche Bank swings to first full-year net profit since 2014 German regulators probe price decline at Wirecard UK fintech shuts US operation to save Chinese deal Barclays trial jury told to ignore defendants’ jokes about prison TSB computer meltdown bill rises to £330m Metro … The post Things (..)
PYMNTS
AUGUST 12, 2020
Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. The company said its efforts recognize “the important role FinTechs play in the world’s rapid digital transformation.”. 12) announcement.
PYMNTS
JUNE 15, 2016
One emerging player in the Australian FinTech market has just secured another round of capital. PromisePay is a FinTech startup that was founded in 2014 with the mission of delivering new digital commerce platforms to online marketplaces — a specific area of commerce that has higher risk than traditional online commerce.
PYMNTS
SEPTEMBER 26, 2016
trillion in 2014 to $2.3 The FinTech companies are disrupting the industry and are a thorn in the side of the traditional players — banks and credit card companies. Many FinTech startups, like Ripple, are using blockchain to provide cheaper and faster services to consumers. But some banks are competing with the FinTechs.
CB Insights
NOVEMBER 6, 2019
The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. Q2’19 fintech funding topped $8.3B, boosted by a record quarter of $100M+ mega-rounds. KEY TAKEAWAYS.
PYMNTS
OCTOBER 16, 2017
That’s why South African FinTech company Yoco has made it its mission to improve things for African businesses, large and small. Yoco has launched two levels of payments solutions since its inception and beta phase in 2014 and subsequent launch in 2015, starting with a Square-like card reader.
PYMNTS
FEBRUARY 13, 2020
Assembly Payments shares our vision, and we are pleased to partner them based on the strength of their core technology and talented team,” said Alex Manson, head of SC Ventures — the innovation, FinTech investment and ventures arm of Standard Chartered. Westpac-backed FinTech Assembly Payments was founded in 2013 in Melbourne, Australia. .
CB Insights
MARCH 27, 2019
PREPARE FOR THE FINTECH FUTURE. As investor preferences shift, download our free 106-page fintech report to see what trends to watch in 2019. Since 2014, news mentions of impact investing and ESG (environmental, social, and governance) investing have increased tenfold. GET THE 106-PAGE FINTECH TRENDS REPORT.
Celent Banking
NOVEMBER 30, 2015
Fintech is booming. In 2013, according to a report by Accenture and CB Insights , total investment into Fintech was just less than $4 billion. By 2014 it ballooned to more than $12 billion globally, with 750 deals. They need to start looking at Fintech startups as an opportunity, not a threat.
PYMNTS
MARCH 1, 2016
The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. It amounted to about $12.5
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