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FinTech Cloud Technology Fuels Banking Innovation

PYMNTS

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. Alacriti, a FinTech that was started in 2003, works with banks and other customers on making the migration to digital payments.

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Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. He added that he is eager to build on the company’s ideology to “drive new technology and innovation” and to be the “partner of choice.” .

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Elizabeth Holmes’ Failed Theranos Was Just Granted 5 New Patents In 2019

CB Insights

Theranos, the blood-testing company once valued over $9B, ceased operations late last year — after a whirlwind of events which led to its very public shut down. But the company was unable to build a reliable blood-testing device, despite being granted over 70 patents for blood-testing technology since 2003.

System 77
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The Coming Clash Of The Commerce Titans

PYMNTS

True or false: Thanks to mobile devices and apps, American consumers spend more time today shopping than they did in 2003. In 2003, the Bureau of Labor Statistics reported that American consumers spent roughly 48 minutes a day shopping offline and online. Should they focus on apps? Browsers and search engines? Other ecosystems?

Google 100
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

The Sad State of Corporate Innovation. See how corporates are failing when it comes to innovation. Download the free 31-page State of Innovation report. While Google excelled in building software, it lagged behind in hardware and product innovation. Date: March 20, 2003. Microsoft and Nokia. Date: April 25, 2014.

Google 76
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SafetyPay Launches in Belgium

Fintech Labs Insights

Online payment solution SafetyPay began operations in its 21st country this week. The Florida-based company now operates in Belgium, expanding its global footprint which covers the U.S., For SafetyPay, expanding operations in Europe fulfills one of the company’s strategic objectives. Canada, Europe, and Latin America.

Florida 12
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Backbase Announces New CFO Leonore Van Waaij

Fintech Labs Insights

After three years managing and overseeing financial operations for The Phone House, Leonore Van Waaij will take her talents to Backbase as the company’s new – and first -Chief Financial Officer. A leader in digital technologies for the financial industry, Backbase helped the oldest bank in the U.K.,