PYMNTS

AUGUST 11, 2020

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. The company posted a total loss of $139.6 Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. million (£106.5

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San Francisco Fintech Digital Banking California 239

PYMNTS

JULY 28, 2020

The bank-FinTech collaboration model is often about wielding digital-native FinTech solutions to fit within bank offerings. Kabbage Steps Into Banking. Our answer to the question ‘FinTech or bank’ is: ‘FinTech AND bank.'”

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Fintech Lending Digital Banking Technology 279

PYMNTS

JANUARY 19, 2021

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. Temenos offers a core banking platform for FIs that includes deposit account and lending capabilities.

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Fintech National Groups Tools 341

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

Fintech 182

Fintech Lending Software Compliance 182

BankInovation

APRIL 29, 2022

London-based documents automation fintech Uhura Solutions has raised $1.8 million in a seed funding round, the company announced Wednesday. The fintech works with $1.7 trillion Barclays, $573 billion NatWest and Austria-based […].

Fintech 98

Fintech Digital Banking Analysis Data 98

PYMNTS

OCTOBER 22, 2020

Pat Kelly , chief digital officer of First Horizon Bank, said it was important to provide clients with "a fast, easy and intuitive digital banking experience," for which NCR fit the profile. Plus, leveraging the cloud to deploy digital banking has allowed us to introduce updates more often and innovate faster.

Digital Banking 183

Digital Banking Tennessee National Payments 183

PYMNTS

NOVEMBER 18, 2020

Daylight , the first digital bank for the LGBT+ community, just went live in a Nov. Daylight is just the latest member of Visa’s Fast Track program, an initiative that provides FinTechs looking to get off the ground with a bank sponsor and external payments processor. They need to get an external processor.

Digital Banking 172

Digital Banking Community United States Fintech 172

PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Airwallex Taps Deutsche Bank. In another bank-FinTech tie-up, J.P.

Fintech 277

Fintech Cards Technology Samsung 277

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 The 2020 Fintech 250 cohort has raised approximately $49.2B 2020 Fintech 250 investment highlights.

Fintech 101

Fintech Company Lending Capital 101

PYMNTS

DECEMBER 4, 2020

4) chose four firms to receive digital banking licenses, including “digital full bank” licenses for Singapore-based Sea Ltd. to receive “digital wholesale bank” licenses. to receive “digital wholesale bank” licenses. MAS expects the new digital banks to commence operations in early 2022.

Digital Banking 164

Digital Banking Groups Meeting Fintech 164

PYMNTS

SEPTEMBER 11, 2019

Kuda, Nigeria’s first digital-only bank with a standalone license, has raised $1.6 Unlike other FinTech startups, Kuda was granted a banking license from the Nigerian Central Bank. Kuda is the first digital-only bank in Nigeria with a standalone license.

Digital Banking 181

Digital Banking Fintech Google Software 181

BankInovation

MAY 6, 2022

Lithuanian account-to-account (A2A) payments fintech kevin. raised $65 million in a series A round, the company announced Tuesday. facilitates card-free payments between banks and merchants and posits itself as a “leader” in web- and app-based A2A payments in Europe, according to a release. Founded in 2018, kevin.

Fintech 98

Fintech Digital Banking Payments Cards 98

Chris Skinner

SEPTEMBER 11, 2019

Many banks say it these days, and they say it to be cool. To be like a young, FinTech unicorn. However, there is a massive difference between … The post We’re just a technology company that happens to have a banking licence appeared first on Chris Skinner's blog. To be like a start-up.

Technology 375

Technology Company Fintech Digital Banking 375

PYMNTS

MARCH 27, 2019

Hong Kong has issued its first digital banking licenses, in a move toward strengthening the city’s financial sector, according to reports. The Hong Kong Monetary Authority (HKMA) gave the licenses to three outfits: the first went to Livi VB, a joint venture between the Bank of China (Hong Kong), JD Digits and Jardines.

Digital Banking 158

Digital Banking Fintech Customer Experience Branding 158

BankInovation

DECEMBER 12, 2022

FinTech startups have brought a new level of innovation to core banking functions such as payments and lending, to name just two areas. The rapid growth in digital banking (and the success of the upstart companies offering these services) have left established banks […].

Digital Banking 98

Digital Banking Lending Innovation Fintech 98

PYMNTS

APRIL 24, 2020

Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. however, funding for FinTechs actually increased to $3.7 B2B FinTech investments appear to be relatively strong, too. As an FDIC insured bank in the U.S.,

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Fintech Capital Security FDIC 193

PYMNTS

JULY 27, 2020

Hackers boasting that they have “cracked” some of the hashed passwords stolen from digital banking aggregator Dave may be one of the most disturbing elements to emerge from the cyberheist that exposed the private information of millions of users, a top expert notes.

Data 246

Data Fintech Report Security 246

PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. Other companies include Razer, Grab Holdings and Ant Financial. .” Research companies predict for the digital lending market in Southeast Asia to more than quadruple to $110 billion in the next five years.

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Digital Banking Capital Leadership Fintech 131

PYMNTS

JUNE 3, 2020

The COVID-19 crisis continues to upend the economy, including even the world of digital banking. As previously reported in this space, the Monetary Authority of Singapore (MAS), the country’s central bank, announced its intention to issue five digital banking licenses last year. That was before the pandemic hit.

Digital Banking 131

Digital Banking Groups Retail Strategy 131

Gonzobanker

JULY 9, 2021

The fintech market is smokin’ hot right now. Fintech is no different. Q1 2021 was the largest funding quarter on record, according to CB Insights , with fintechs raising $22.8 Banks and fintechs are in a heated mashup and seeking niches. Fifth Third Bank is acquiring healthcare fintech Provide.

Fintech 197

Fintech Lending Community Payments 197

PYMNTS

SEPTEMBER 11, 2019

The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

AUGUST 3, 2020

BBVA USA is collaborating with Google to offer consumers a digital bank account through Google Pay. The Alabama-based bank holding company said the partnership is key to its strategy? of growing the bank throughout the U.S.

Google 221

Google Digital Banking Alabama Community Bank 221

PYMNTS

MAY 22, 2020

From competitors to collaborators, the FinTech boom introduced a field of opportunity for traditional financial institutions to team up with an industry newcomer to become more agile and modern with their own product offerings. On the other hand,” he added, “the pandemic doesn’t just spare FinTechs. Financing Burdens.

Fintech 261

Fintech Lending Tools Risk Management 261

PYMNTS

APRIL 30, 2019

Cross River Bank, a company that provides banking services for FinTechs, has partnered with payments processor and tech provider RS2 Software to provide an improved payment and digital banking experience for its customers, the companies announced.

Digital Banking 179

Digital Banking Payments Software Fintech 179

PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

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Community Bank Community Fintech Regional 242

PYMNTS

OCTOBER 2, 2020

Salesforce predicts that a digital surge could strain holiday shipping. In connected vehicles, the FinTech Car IQ has teamed with Discover to accelerate automotive banking. 80%: Portion of global FI execs who believe banks will profit from embracing platform business models. 25%: Share of U.S.

Innovation 167

Innovation Digital Banking Data Fintech 167

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

OCTOBER 5, 2020

Nexi , the Italian digital payment company, agreed Sunday (Oct. 4) to buy its FinTech competitor, SIA , for about 4.6 The transaction will create a company with a combined market capitalization of around 15 billion euros ($17.6 This is not the first mega deal involving FinTech companies. billion euros ($5.4

Company 151

Company San Francisco Payments Fintech 151

PYMNTS

FEBRUARY 26, 2020

And with a nod toward what might be in the crosshairs, Dimon said that acquisitions would be somewhere within financial services and technology, and decidedly not in traditional banking (read: checking and deposits). Melding financial services and technology yields, of course, FinTech. Active mobile customers were up 12 percent to 37.3

Fintech 232

Fintech Google Digital Banking Mobile 232

BankInovation

OCTOBER 16, 2023

London-based Zopa Bank has $95 million in Tier 2 capital to fund its growth, according to the company. The digital bank provides technology for its customers to gain access to better credit products, to transfer card balances in a way that helps pay down credit and improve their financial well-being.

Digital Banking 69

Digital Banking Capital Cards Technology 69

CB Insights

AUGUST 3, 2021

Mercury , a fintech company, has raised $120M in a Series B. In a separate transaction, the company is also aiming to source $5M from equity crowdfunding platform WeFunder. HOW’S THE COMPANY PERFORMING? The company reportedly witnessed a 5x increase in its customers base since last year. Want the full post?

Digital Banking 73

Digital Banking Company FDIC California 73

PYMNTS

OCTOBER 14, 2020

Head Keith Grose and Innovate Finance CEO Charlotte Crosswell told Karen Webster as part of a recent PYMNTS TV session on London’s FinTech environment, in partnership with London & Partners, the official international trade, investment and promotion agency for London. It was an obvious choice for [Plaid] to be in, honestly,” Grose said.

Fintech 258

Fintech Industry Innovation Charlotte 258

PYMNTS

NOVEMBER 5, 2020

Small business Banking-as-a-Service rises to the top in this week's roundup of the latest bank-FinTech collaborations and open banking initiatives. Two SMB BaaS companies secured new funding, while FinTech Wise says it is ushering in a new definition of open banking with its embedded banking functionality.

Fintech 258

Fintech Lending Software Security 258

PYMNTS

OCTOBER 13, 2019

The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters reported on Friday (Oct. The digital bank said at the Brazil Investment Forum in Sao Paulo that it has 15 million clients, according to Nubank founder and CEO David Vélez.

Fintech 150

Fintech America Digital Banking Cards 150

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.

Fintech 242

Fintech FDIC Boston Lending 242

PYMNTS

FEBRUARY 21, 2020

To be the bank, buy the bank. Earlier this week, a FinTech took the leap into the full spectrum of financial services, perhaps paving the way for future mashups. The $185 cash and stock deal would bring an online bank with $1.4 The $185 cash and stock deal would bring an online bank with $1.4

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

AUGUST 4, 2020

Those ecosystems will leverage the trust that consumers have placed in traditional financial industry players and tech companies of all sizes – including Big Tech , of course. To that end, BBVA was one of six banks that said on Monday (Aug.

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Google Digital Banking Course Branding 298