CFPB Monitor

JUNE 14, 2022

The NAL was essentially a renewal of the no-action letter issued to Upstart in September 2017, which was the first no-action letter issued by the CFPB. The CFPB issued an order last week terminating the no-action letter issued to Upstart Network, Inc. on November 30, 2020 for a 36-month term (NAL).

Innovation 148

Innovation Analysis Resources Compliance 148

Celent Banking

FEBRUARY 1, 2017

While this makes the category more difficult to judge, it offers immense insight into what’s happening in the market. Institutions are acknowledging the valuable and complementary role Fintech can play in providing a modern, innovative customer experience. Customer experience initiatives are typically the most numerous.

Customer Experience 100

Customer Experience Branding Boston Innovation 100

PYMNTS

JANUARY 2, 2019

With the global mobile point of sale (mPOS) market projected to experience a compound annual growth rate (CAGR) of 18.8 percent from 2017 to 2026, many solution providers are looking to use partnerships as a boost to snag a bigger share of the growing market. In the January mPOS Tracker , PYMNTS charts the latest developments.

Software 220

Software Fintech Marketing Resources 220

PYMNTS

JANUARY 13, 2020

We are clearly one of the first in this market segment to offer such a comprehensive offering, and we are excited about this opportunity.”. Additionally, we gain the resources to offer hedging services on a multi assets basis with a balance sheet which will help solidify our client base and to expand at a faster pace.”.

Risk Management 131

Risk Management Resources Payments Management 131

PYMNTS

DECEMBER 6, 2017

As the financial services industry takes a look back at 2017, a few milestones stand out: the progress of faster and instant payment initiatives. And, much to the relief of corporates, the continuing focus on B2B payments innovation. The evolution of blockchain-based services. Collaboration between FinTechs and banks.

Payments 183

Payments blockchain Innovation Fintech 183

PYMNTS

JUNE 28, 2018

Coverage includes Oracle ’s decision to bring its FinTech Innovation Program to Brussels. The blockchain is gaining traction in India , where the market for such technology is projected to grow at a compound annual growth rate (CAGR) of 58 percent during 2018 to 2024, according to a report from 6Wresearch.

blockchain 109

blockchain Georgia Fintech Innovation 109

CB Insights

SEPTEMBER 26, 2018

One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.

Innovation 73

Innovation Cleveland New York New York City 73

Insights on Business

AUGUST 15, 2017

Today, the UBank team continues to challenge itself to think about what it can do next for its customers, but it’s not looking to drive innovation with more people. Without the shortcut of hiring more talent, the business has been challenged to become even more innovative and disruptive. Learn more about IBM banking solutions.

Leadership 87

Leadership Case Study Innovation Online 87

PYMNTS

APRIL 26, 2017

Jean-Luc Robert, chairman and CEO at Kyriba , talks about his approach to innovation and what is critically important about payments in today’s market. Q: How would you define your company’s approach to innovation? A: We focus on innovating business value that meets business demand.

Risk Management 100

Risk Management Management Innovation Resources 100

PYMNTS

SEPTEMBER 25, 2019

Founded in 2017, Cluno allows users in Germany the chance to subscribe to a car for an all-inclusive monthly fee. Cluno told reporters that the new debt financing will be used to expand the company’s fleet “and serves as the basis for structures that are fit for capital markets.”.

Capital 108

Capital Resources Fintech Innovation 108

Bobsguide

OCTOBER 7, 2022

Helen joins from Natwest Group, where she was a member of the executive team and held the position of Chief Human Resources Officer. the leading open platform for innovation, FusionFabric.cloud, in 2017. She has an incredible wealth of expertise including extensive global exposure in all aspects of people strategy.

Leadership 122

Leadership Software Resources Lending 122

Bobsguide

APRIL 4, 2022

Finastra today announced the appointment of Lynne Biggar, a proven financial services and marketing leader, to its Board of Directors, effective March 2022. Prior, Lynne was Executive Vice President/Consumer Marketing + Revenue at Time Inc. Prior, Lynne was Executive Vice President/Consumer Marketing + Revenue at Time Inc.

Branding 60

Branding Leadership Software Marketing Strategies 60

PYMNTS

MARCH 20, 2017

Tech startup cultivator Startup Genome shared findings from its Global Startup Ecosystem Report and Ranking 2017, which showed Silicon Valley slipping among top U.S. One of the main factors contributing to Asia and Europe’s startup uprising is both countries’ government commitment to support innovation ecosystem growth.

Los Angeles 109

Los Angeles Chicago Innovation Maine 109

Abrigo

JUNE 14, 2017

It also “promote[s] a higher standard of trust with customers,” and provides an efficient and affordable “approach to innovation,”especially now that these partnerships are becoming increasingly popular among banks, says René Lacerte in a recent Forbes article. Find an innovative vendor that offers products that meet your customers’ needs.

Fintech 170

Fintech Software Lending Millennials 170

PYMNTS

JUNE 5, 2019

While some markets may be seeing relatively slower adoption of mobile point-of-sale (mPOS) than others, there’s no denying that the overall popularity of mobile and contactless payments are growing fast among consumers. percent between 2017 and 2026. percent between 2017 and 2026. In markets like the U.S.,

San Diego 130

San Diego Apple America Mobile 130

PYMNTS

MAY 7, 2020

But economic collapse and the plummeting Toronto real estate market triggered by the worldwide pandemic has made the project no longer financially viable. That view was “strengthened at every step along the way” Doctoroff said, calling Toronto among the world’s “great centers of technological innovation.”

Google 130

Google United States New York Technology 130

PYMNTS

SEPTEMBER 26, 2018

Earlier this year, CoinDesk data revealed more money was raised via ICO in the first quarter of 2018 than in the entirety of 2017, totaling $6.3 ICO market.” “There is a big gap in the market,” says David Siemer, founder and CEO of Wavemaker Partners. billion raised in those first three months.

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

OCTOBER 21, 2019

“As the retailer has dealt with deteriorating finances and a heavy debt load, it has been facing fortified competition from larger retailers that have the resources to invest in their online businesses,” that report added. The move comes amid growth in the larger maternity market, however, with sales of that apparel expected to reach $7.7

Trends 101

Trends Retail social media Online 101

FICO

APRIL 5, 2017

Is small business growth slowing due to lack of innovation and initiative? According to a survey done by Insureon , 82% of small businesses expect to grow in 2017. Mid-market banks and credit unions traditionally lend to many small businesses. There is good news for mid-market banks and credit unions. That seems unlikely.

Lending 60

Lending Marketing Cleveland Survey 60

PYMNTS

JUNE 25, 2019

Bank will lend its Virtual Pay Visa Card payments capabilities to the Inworks Intelligent Pay B2B payments platform designed for the healthcare market. FinTechs and payments innovators have flocked to the healthcare sector in areas like insurtech, patient billing and patient payments. In 2017, U.S.

US 101

US Payments System Resources 101

PYMNTS

APRIL 3, 2018

But an increased focus on innovation means the path to understanding what actually constitutes “better” is unclear. According to Salman Mahmood, CEO of enterprise and entrepreneur marketing software company BleuPage , there are a lot of unknowns when it comes to the future of SMB financial services.

blockchain 177

blockchain Tools Regulation Fintech 177

Gonzobanker

SEPTEMBER 4, 2018

First, the contact center fintech market has been subjected to non-stop consolidation and ownership changes as of late. January 2017: Avaya files for Chapter 11 Bankruptcy protection. September 2017: Mitel acquires ShoreTel. December 2017: Avaya goes public (for the second time).

Technology 115

Technology Resources Fraud Strategy 115

PYMNTS

JANUARY 22, 2018

Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. “Some observers will define the market as $10 million in the top line to $1 billion.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

DECEMBER 27, 2018

However, these roles are shifting from competitor to collaborator — and from battle for market share to shared revenues amid shared resources. The key to successful product development lies in the definition of the market problem. Beyond the aforementioned Modo Payments transaction, Watson mentioned the 2017 acquisition of 12.5

Fintech 184

Fintech How To Regulation Payments 184

PYMNTS

NOVEMBER 1, 2019

“In the past ten years, the media landscape has seen explosive growth and sophistication in the form of mobile, digital, video and OTT [over-the-top], with more advertisers trending away from traditional media like TV and print,” Baysal recently told PYMNTS for its latest Class of 2009: Innovator’s Club discussion.

Strategy 100

Strategy Innovation Video Industry 100

PYMNTS

MARCH 16, 2018

Because APIs facilitate integration between two services, the technology allows FinTechs to innovate in their niche markets, rather than attempting to be a jack of all trades. “I There is a culture of banking innovation; they understand what their core competencies are,and where to allocate resources most effectively.”.

Risk Management 134

Risk Management Survey Management Fintech 134

PYMNTS

MARCH 13, 2018

he offered an innovative value proposition: “The only place on the West Coast making and delivering real Chinese dishes,” he said in the ad. With stronger resources and suburban homes, Americans had other things to do than cook — like watch television. In 2017, it acquired Foodler, Groupon’s OrderUp and Yelp’s Eat24.

America 100

America Los Angeles New York City New York 100

PYMNTS

OCTOBER 22, 2019

The conversation happened at a time of big change for legacy financial institutions, given the payment innovation and aid to upstart challengers coming from PSD2, the ongoing consumer move to mobile-focused financial services and other factors. Other industry data further illustrates the issue. Services Ecosystem.

Community Bank 116

Community Bank Community Operations Leadership 116

PYMNTS

DECEMBER 28, 2018

One of the biggest shifts in banking that FinTech newcomers ushered into the market is the demand among customers for advisory services. What some financial institutions have come to realize is that collaborating with FinTechs can enable them to offer cutting-edge solutions while reserving resources to invest in meeting those advisory needs.

Fintech 177

Fintech Customer Experience Tools Technology 177

PYMNTS

MARCH 28, 2018

As the worldwide market for ondemand mobility services, such as ridehailing and carsharing, heats up, BMW and Daimler are seeking to combine their mobility units. The planned merger of our mobility services will pool our resources and sends a strong signal to our new competitors.”.

Mobile 109

Mobile Resources Strategy Regulation 109

PYMNTS

MARCH 2, 2020

These businesses do not always have the time or resources to find and hire temporary workers, add them to payroll, and remove them a few weeks later. The United States’ tight labor market exacerbates competitive tensions for such agencies, though. million in 2017 and is expected to hit 8.4 rose from 3.1 million in 2010 to 5.9

Cards 130

Cards ATM United States Payments 130

PYMNTS

JANUARY 9, 2019

In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers. “It One way this shift has materialized is in how small businesses seek and hire financial professionals to join their companies.

Taxes 179

Taxes Technology Tools Industry 179

PYMNTS

JANUARY 26, 2017

The World Bank ranked the United Arab Emirates as the 26nd best country to do business in 2017, out of 190. Dubai is considered to be a hotbed for financial technology and innovation, not just in the Middle East but globally. As of 2012, Dubai was the 22nd most expensive city in the world and the most expensive city in the Middle East.

Fintech 100

Fintech Regional Innovation Leadership 100

PYMNTS

AUGUST 10, 2017

At the beginning of 2017, the cryptocurrency bitcoin was valued at just under $1,000 and soared up to over $3,000 in May. While some have pointed to Japan and China as the countries responsible for driving much of the virtual currency market value, there’s another country that just shared it’s ready to get into the cryptocurrency ring.

cryptocurrency 115

cryptocurrency Bitcoin blockchain Regulation 115

PYMNTS

FEBRUARY 10, 2017

The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016). The World Bank ranked Belgium as the seventeenth best country in which to do business in 2017, out of 190 regions. environment.

Capital 100

Capital Regional Innovation Fintech 100

FICO

JANUARY 4, 2018

In 2017, we saw some of the largest data breaches in history. We will look back at 2017 as one of the worst-case scenarios of giant corporations being bullied by individual hackers. It is because of this that we began to see innovations in the technologies that support and protect our valuable data. Market Conditions.

Resources 53

Resources Policies Data Software 53

PYMNTS

JANUARY 23, 2017

Dabbling in FinTech innovation, expanding internationally, integrating digital systems — businesses must make progress, but they’re facing unfamiliar threats as they make these moves. That’s according to SAP SuccessFactors and Oxford Economics, which surveyed 4,100 FinServ executives across markets. 40% more cyberbreaches impacted U.S.

Survey 100

Survey Taxes Groups Analysis 100