PYMNTS

JULY 8, 2020

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . The Alibaba affiliate decided its name was due for an overhaul as the big FinTech began attracting growing scrutiny from China’s financial watchdogs.

Groups 175

Groups Report Capital Regulation 175

Bank Innovation

NOVEMBER 17, 2017

Synchrony Bank has been PayPal’s banking partner since 2004. Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. In addition to selling its credit […].

San Jose 199

San Jose Payments Company Operations 199

PYMNTS

JANUARY 6, 2020

Yet, the broader perception of smaller financial institutions (FIs) in the industry is that these banks lack the resources that larger banks offer, as well as the agility of emerging FinTech firms, to promote product and service innovation to their SMB clients. has dropped from 8,000 in 2004 to about 5,400 in 2018.

Community Bank 123

Community Bank Community Payments Fintech 123

PYMNTS

JUNE 4, 2020

The share of B2B transactions conducted via check has fallen 50 percent since 2004 and hit an all-time low of 42 percent last September, for example. You see a lot of [new] FinTech companies and digital-only banks that are fully API-based,” he said.

Security 151

Security Fraud Payments Compliance 151

Fintech Labs Insights

MAY 12, 2015

Merchants open the Whodini box, peel-and-stick the Whodini beacon on a wall, set up their online and mobile accounts in five minutes, and they are live and operating. Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms.

Mobile 12

Mobile Strategy Fintech US 12

South State Correspondent

MAY 9, 2022

First, we point out the difference between online banks with consumer relationships today versus the previous cycles. We calculate that online banks like American Express, Capital One, Marcus (Goldman Sachs), Ally Bank, and others hold a little over 9% of all domestic deposits. How to Apply to Your Bank.

Community Bank 195

Community Bank Community Industry Online 195

CB Insights

DECEMBER 4, 2019

In parallel, Amazon has made several fintech investments, mostly focused on international markets (India and Mexico, among others) where partners can help serve Amazon’s core strategic goal. This report is a collection of everything we know about Amazon’s foray into banking, financial services, and fintech.

Cards 101

Cards Lending Strategy US 101