PYMNTS

APRIL 1, 2020

Credit unions (CUs), as much as other financial entities, are seeing a boom in competition as banking moves to online and mobile channels. Customers today expect to be able to access financial services instantly, which can put pressure on CUs that need to stretch restricted technology budgets into innovative new features.

United States 181

United States Innovation Online Tools 181

PYMNTS

JANUARY 22, 2019

At the World Economic Forum in Davos, Switzerland, executives of PayPal and Mastercard touted partnerships between financial technology companies and banks as a positive way to gain customers’ trust and innovate new ways for customers to interact with their finances. On Tuesday (Jan.

Fintech 194

Fintech Apple User Experience Examples 194

PYMNTS

OCTOBER 9, 2020

Company Co-Founder and Partner Dana Settle told Bloomberg that Greycroft plans to use the fresh funds to invest in retail-oriented businesses, although it's also interested in working with health technology, financial technology and grocery-related businesses. He pointed to the rise of remote working as one example.

San Francisco 196

San Francisco Capital United States Big Data 196

PYMNTS

NOVEMBER 10, 2020

In other news, Securities and Exchange Commission (SEC) member Hester Peirce expressed hope that securities regulations concerning cryptocurrencies will speed up to match the speed of financial technology innovation. 6), CoinDesk reported, citing regulatory concerns.

cryptocurrency 167

cryptocurrency Regulation Bitcoin Colorado 167

CFPB Monitor

JULY 13, 2016

While the CFPB has not yet held a public event devoted to FinTech or financial innovation, the Office of the Comptroller of the Currency (OCC) recently held a Forum On Supporting Financial Innovation in the Federal Banking System to discuss the agency’s approach to FinTech and other innovative products.

Innovation 60

Innovation Fintech Customer Experience Policies 60

PYMNTS

OCTOBER 10, 2019

The regulator made the remarks at the Finopolis forum of innovative financial technologies. Not only for technological reasons, but also because it is (difficult) to really estimate what advantages will the national digital currency give, for example, in comparison with existing electronic non-cash payments.

cryptocurrency 108

cryptocurrency National Study Comparison 108

PYMNTS

OCTOBER 10, 2019

The regulator made the remarks at the Finopolis forum of innovative financial technologies. Not only for technological reasons, but also because it is (difficult) to really estimate what advantages will the national digital currency give, for example, in comparison with existing electronic non-cash payments.

National 100

National cryptocurrency Study Comparison 100

PYMNTS

OCTOBER 15, 2020

Truckers, he said, have found real-time payments useful — as, for example, even before taking trips they are paid, factor payments and can even cover the costs of gassing up their trucks for cross-country treks. The real innovation cycle is where you layer on the program ability of money as a data type on the internet,” noted Allaire.

Payments 313

Payments blockchain System Data 313

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks. Changing AML with AI and ML.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

JANUARY 7, 2019

“The Bureau of Consumer Financial Protection ( BCFP ) and federal banking regulators have monitored FinTech lenders’ use of alternative data by collecting information and developing reports on alternative data,” said the GAO, as noted in media coverage this past week.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

OCTOBER 16, 2019

The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. He cited advances in the field, like electronic payments in China that have made huge leaps in terms of people using the technology. He said that regulation is an important aspect of the field.

Fintech 116

Fintech cryptocurrency Regulation System 116

PYMNTS

DECEMBER 12, 2018

It’s invisible to the consumer, but is the very visible spark that has ignited many third-party financial services platforms: Venmo, Acorns, Robinhood and LendingClub, for example. From where he is sitting, growth in financial technology (FinTech), and FinTech-based services, is almost assured. “We and Canada.

Fintech 149

Fintech Capital Financial Technology Innovation 149

PYMNTS

APRIL 9, 2020

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. ”

Fintech 209

Fintech Payments Oregon Cards 209

The Banker Technology

AUGUST 7, 2018

The Banker ’s Tech Projects Awards 2018 recognise the most innovative, imaginative and successful projects in financial technology from around the world. This year’s submissions were impressive examples of how the industry is responding to changing customer needs, as well as empowering staff to better serve customers.

Financial Technology 53

Financial Technology Examples Innovation Industry 53

Banking 2020

DECEMBER 3, 2015

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. ”

Innovation 40

Innovation Payments Lending Financial Technology 40

PYMNTS

DECEMBER 17, 2018

The two companies will explore new ways to combine online and mobile financial technology (FinTech) services for quick and convenient cross-border payments and remittances. JD Digits is accelerating all efforts in developing digital technology to make people’s lives better.

Payments 128

Payments Fintech Mobile Technology 128

Perficient

JULY 11, 2022

For example, one time in college, at a point where I had extremely minimal supplemental income, I needed (wanted?) Broady, a Metropolitan Policy Program Fellow at the Brookings Institution, through some of these new fintech innovations such as BNPL, “Financially vulnerable populations experience greater income and expense volatility.”

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

OCTOBER 4, 2019

Legacy payment providers are looking for ways to innovate in the ways that [FinTech firms] do, and to avoid duplicative costs.”. In July, for example, Fiserv announced that it had completed its acquisition of First Data. For starters, don’t expect M&A activity to stop anytime soon, he told PYMNTS. Recent Trends.

Payments 176

Payments Cards Trends Fintech 176

Insights on Business

DECEMBER 10, 2017

Banks are also innovators. They are investing in education, hackathons, and other initiatives to allow everyone in the enterprise to be an innovator. Innovation hubs are opening up around the world where partnerships between banks and these startups can gel, allowing them to take chances, make mistakes and move faster together.

Fintech 115

Fintech social media Apple Google 115

Independent Banker

FEBRUARY 29, 2020

to deliver remarks at the Association for Financial Technology Spring Summit and hearing final pitches at the ThinkTECH Accelerator Demo Day in Little Rock, Ark. In fact, today’s technology environment opens the door to a world of opportunity for community bankers. Where I’ll be this month.

Community Bank 155

Community Bank Community Technology Customer Experience 155

Accenture

APRIL 4, 2017

Storm clouds are gathering over the banking industry in the form of a fragmenting value chain, rapid migration to digital channels, encroaching financial technology firms, and open banking regulations. The ancient Chinese were innovators. Waiting until the rains arrived was too late to act. Read the report.

Technology 157

Technology Trends Survey Customer Experience 157

PYMNTS

NOVEMBER 21, 2018

With FinTech driving innovation and competition in the cross-border payments space, governments can no longer afford to ignore changing and heightening demands for greater speed, transparency and efficiency in global transactions. times global GDP in 2016.

Payments 123

Payments Innovation National System 123

PYMNTS

JULY 19, 2018

Traditional banks and other financial institutions are undergoing tremendous pressure right now to compete in an environment where they are faced with enormous scrutiny from government regulators looking to mitigate risk. Patent and Trademark Office earlier this month for a blockchain-based proof of payment technology.

Fintech 117

Fintech blockchain Technology Examples 117

Abrigo

MAY 20, 2015

It’s not just the technology industry that is constantly evolving – many other industries must also remain adaptable to the changing landscape of the American consumer. An innovation like that can make the Apple Watch and Bitcoin seem archaic in comparison. One such industry is banking.

Apple 150

Apple Comparison Mobile Innovation 150

PYMNTS

DECEMBER 17, 2018

A financial technology company called B-Social has raised £3.2 Valimahomed said the idea was born from his own financial frustrations with friends, and his view that people are banks themselves, lending and borrowing from acquaintances. “A

Fintech 176

Fintech Groups Lending Financial Technology 176

NCR

JUNE 7, 2017

These financial technology, or fintech firms, have often been seen as a threat to legacy players, but there’s an increasing recognition that they can also present huge opportunities, if banks are able to effectively collaborate with them. The key barriers to fintech innovation.

Fintech 80

Fintech Cyber Security Innovation Examples 80

PYMNTS

AUGUST 10, 2016

PYMNTS: How does what you learn from people shape WePay’s innovation agenda? PYMNTS: Do you have any “formula” for innovation? PYMNTS: What is the one thing that people underestimate about igniting payments innovations? A shining example of customer innovation. The best example of this is the founders of Airbnb.

Payments 100

Payments Innovation Software Bitcoin 100

PYMNTS

MAY 28, 2018

Take the latest example: Ant Financial Services Group on Wednesday (May 23) announced it would partner with China Everbright Bank and its FinTech subsidiary to “facilitate China Everbright Bank’s digital transformation,” Ant said in a press release. One big way to more revenue revolves around harnessing the power of APIs.

Fintech 100

Fintech Examples Pennsylvania Lending 100

PYMNTS

MAY 3, 2019

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). However, with business owners and entrepreneurs often taking a page out of their personal lives as consumers, the eventual adoption of emerging solutions is an inevitable part of FinTech innovation. In the U.K.,

Payments 151

Payments Fintech Customer Experience Technology 151

PYMNTS

JANUARY 25, 2019

Yet, the technology has remained largely unchanged in the decades since it first launched, and even brief unreliability can cause a company to lose out. Thielens offered the example of transportation and logistics providers missing out on a bidding opportunity when loads are tendered automatically.

Data 173

Data Survey Analysis Software 173

CB Insights

APRIL 22, 2020

Lendio , for example, has facilitated more than than $5.5B The pandemic has highlighted the critical need for the government to embrace financial technology. For example, E-Tran, the government portal that manages the SBA loan program, recently suffered from prolonged outages and extensive delays caused by overwhelming demand.

Fintech 87

Fintech Lending Online Examples 87

Insights on Business

JULY 20, 2017

The first phase of the UK Open Banking initiative is an example of initiatives that are targeting this space. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. Examples of open banking in practice. The fintech hub.

Fintech 181

Fintech Mobile Examples Data 181

PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch.

Payments 141

Payments Fraud Security Data 141

Independent Banker

MAY 31, 2018

Whether it’s through partnering with financial technology companies, finding ways to level the playing field for community banks or finding solutions to spur de novo formation, community bankers are there, advocating, innovating and educating. The possibilities for community banks are endless.

Community Bank 70

Community Bank Community Minneapolis Innovation 70

NCR

FEBRUARY 14, 2017

Some businesses might view investing in modernization and innovation as a risk. But in industries like retail banking, where technology is at the heart of change, staying still is more likely to be one of the biggest risks a financial institution (FI) could take, such is the anticipated pace of change in the next few years.

Retail 75

Retail ATM Innovation Security 75

Celent Banking

SEPTEMBER 30, 2015

These are a handful of the topics discussed at this week’s Customer Experience for Financial Services (CXFS) Conference, organized by Worldwide Business Research in Charlotte, NC. The CXFS conference was all about the “voice of the customer” (VoC) and how financial institutions (FIs) can improve their customer “listening” skills.

Customer Experience 100

Customer Experience social media Charlotte Conference 100

PYMNTS

JANUARY 21, 2019

The firm’s Business Leaders Outlook report, published earlier this month, found that the majority of SMBs expect revenue, sales and profit increases in 2019, with executives turning to hiring activity and technological innovation as drivers of their success. Looking Ahead.

System 188

System Payments Technology Tools 188