PYMNTS

SEPTEMBER 3, 2018

The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and mobile commerce, and related areas. The agreement … sets out a process to share and use information on innovation in their respective markets.”.

Fintech 111

Fintech Trends Innovation Groups 111

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift? The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years.

Maine 130

Maine ATM Innovation Millennials 130

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

Innovation 15

Innovation Fintech Online Mobile 15

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. RS2 builds payment solutions for upwards of 14 million merchants.

Digital Banking 179

Digital Banking Payments Software Fintech 179

South State Correspondent

JULY 12, 2023

Some 57 financial institutions will start with FedNow, including about 42 banks (plus a handful of core systems providers and fintechs). Get Set for Faster Payment Innovation Finally, consider all the new products that will now be derived from this payment platform. Banks with trust or escrow capabilities will see an explosion of uses.

Payments 370

Payments Management Fraud Data 370

PYMNTS

AUGUST 20, 2020

Seventy percent of SMBs are adding new digital capabilities or enhancing existing ones to continue their operations, but firms often require financing to implement these innovations. Many FinTechs are using these ML applications to accelerate their financing approval processes.

Fintech 177

Fintech Fraud Lending Regulation 177

PYMNTS

JULY 19, 2018

In the wake of the global banking collapse of 2008, regulators have enacted reforms that put barriers around some of the risks that traditional banks have been willing to take, but can no longer risk. Using API technology, customers can integrate Santander’s cash management solutions into existing ERP systems.

Fintech 117

Fintech blockchain Technology Examples 117

PYMNTS

JANUARY 7, 2021

billion, with the goal of bringing FinTech businesses to public markets. SoFi partnered with Samsung and Mastercard to launch a new cash management account feature with no fees. Founded in 2011, SoFi has worked to leverage lending after the 2008 financial crisis, focusing on student loan refinancing. billion in cash proceeds.

Samsung 183

Samsung Capital Lending Innovation 183

PYMNTS

DECEMBER 1, 2020

This new fund, the second under Firstminute's umbrella, will bring the total assets under management to $211 million, building upon the $100 million fund it launched with several years ago. London has the world's second-largest financial market and has proved a fruitful place for FinTechs.

Google 159

Google Charlotte Capital Big Data 159

Bank Innovation

MAY 15, 2016

From then until 2008, you had some appreciation, but not much. You could have bought Priceline stock below $10 in 2001. For many years you had little to show for it. Then the stock shot up above $1,000 (as of writing it is $1,261). Yes that is 100x return from Read More.

Lending 170

Lending Marketing Fintech Capital 170

Bank Innovation

NOVEMBER 21, 2016

The Financial CHOICE Act, proposed by Texas Congressman Jeb Hensarling earlier this year, is a measure aimed at overturning or heavily modifying many of the regulations put in place after the 2008 financial crisis. The act has recently fallen under scrutiny from Wall Street as the president-elect championed a lessening of Read More.

Texas 150

Texas Fintech Regulation Management 150

CB Insights

APRIL 22, 2020

GET THE 102-PAGE State of fintech REPORT. Below, we dig into how the financial difficulties that many SMBs face could impact fintech companies (especially B2B fintech startups). What a cash flow crisis means for fintech companies. FINTECH COS HAVE A CASE TO MAKE for government adoption.

Fintech 87

Fintech Lending Online Examples 87

PYMNTS

OCTOBER 8, 2018

TransferMate, which is partly owned by AIB and ING Group , has built one of the largest portfolios of payment licenses in the world, partnering with banks, FinTech firms and software providers to offer its clients better exchange rates, lower bank charges and improved reconciliation.

Payments 174

Payments Software Fintech Groups 174

Chris Skinner

MARCH 26, 2017

I recently was hauled up over saying that Western Union (WU) was being disrupted by FinTech. They manage the Fintech Istanbul program, and are the powerhouse behind many of the innovations we’ve seen in Turkey from mobile wallets to contactless payments.

Maine 150

Maine Fintech System Innovation 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. There are hidden costs too.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. There are hidden costs too.

Compliance 150

Compliance Regulation Innovation Fintech 150

Gonzobanker

DECEMBER 19, 2022

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. 2008 called and wants its headlines back. Acquisition of the Year: Bank Acquiring a Fintech. Now that’s what you call a change of momentum.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

JUNE 4, 2020

It’s a fast and radical transformation that the post-2008 financial system was kind of prepared for. How this plays out as financial institutions (FIs) throttle up digital innovation amid waning COVID panic forms the substance of The Digital Payments in a Digital World Playbook for June. Server farms didn’t melt. Life went on.

Payments 132

Payments Regional America Mobile 132

PYMNTS

JULY 2, 2019

The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance, leaving a gap in the market for alternative lenders and FinTech firms to fill. The bank-FinTech collaboration trend has hit the small business customer segment particularly strong.

Fintech 125

Fintech Resources Capital Trends 125

South State Correspondent

JUNE 13, 2022

Banks that are looking to enhance their risk management practices should consider incorporating the concept of the velocity of risk into their enterprise-wide risk management practices. In this article, we explore why and how banks are starting to incorporate the “velocity of risk” into their risk management practices.

Risk Management 195

Risk Management Examples social media Management 195

PYMNTS

AUGUST 8, 2017

When news of the financial crisis broke in 2008 and big banks all over the world were eschewing consumer and small business credit markets, Batine and Dunaev saw an opportunity — one that was particularly pressing in developing nations, an area of the world that was below the big banks’ radars. That’s something nobody could predict.”.

Lending 105

Lending Capital Fintech Marketing 105

PYMNTS

SEPTEMBER 20, 2017

BECU and other credit unions have also had to address the emergence of new FinTech companies, firms which are disrupting financial services by offering consumers innovative new options for managing their money. FinTechs: ‘A wonderful threat and opportunity’.

Fintech 123

Fintech Innovation US Mobile 123

NCR

JULY 19, 2016

Since the economic crisis in 2008, nearly 5,000 U.S. Declining cost-income ratios, competition from fintech startups and blue chip technology companies, as well as mobile and online banking channels – these are the new realities facing financial institutions today. Businesses must focus on the customer experience to drive innovation.

Innovation 40

Innovation Customer Experience Retail National 40

Fintech Labs Insights

APRIL 27, 2016

Of the 15 first place prizes awarded this month in the 2016 Fintech Innovation Awards , five went to Finovate/FinDEVr alums. Fintech Leader of the Year: Zopa Executive Chairman and Co-Founder, Giles Andrews – FinovateSpring 2008. ” Innovation in Data Solutions: Nomis Solutions – FinovateSpring 2012.

Innovation 12

Innovation Fintech San Jose Cyber Security 12

PYMNTS

NOVEMBER 28, 2018

FinTech firms have taken a few approaches to this issue, either by working to replace paper checks with different payment rails or trying to work with checks by addressing their particular pain points. No one can predict the exact path that small business financial services will take as it continues to innovate and evolve.

Lending 168

Lending Payments Cards System 168

PYMNTS

FEBRUARY 4, 2019

launched its own Faster Payments Service in 2008. FIs and FinTechs are offering additional solutions to handle B2B, payroll and other corporate or governmental payments. He said that the payments industry is sufficiently served by the private sector and suggested that innovations such as RTP and blockchain demonstrated this. .

Payments 183

Payments System Cards Policies 183

PYMNTS

NOVEMBER 2, 2019

The island city-state, which is around 30 meters wide, hopes to turn itself into a “living laboratory” of implanted sensors and heretofore never-seen digital function in areas like resource management, public health and transportation. billion ($990 million) (alongside local partners) to kick off the development. In 1900, there were no cars.

Houston 113

Houston Innovation Community Tools 113

NCR

APRIL 13, 2017

The market will be particularly active in the UK, where efforts to open up the banking system to more players are expected to bear fruit in terms of encouraging competition and innovation, with more payment services providers gaining access to key systems. What it could offer the industry.

Marketing 72

Marketing Payments Metro System 72

Gonzobanker

MARCH 25, 2016

Especially the “transformation” candy from cheery innovation gurus, caffeinated buzzword generators, and other esteemed members of the disrupterati. Bad news : Let’s face it, the biggest innovation challenges right now aren’t new products, technology, and business models. The big challenges are culture and risk management.

Exercises 60

Exercises Innovation Risk Management Conference 60

PYMNTS

DECEMBER 16, 2019

Not just any decade, but one that has seen unprecedented levels of innovation touch nearly every industry segment and almost every corner of the world. Only then, he said, can one get clarity about how those dots can guide innovators about the future. The last 10 years in payments and commerce have given us millions of dots to connect.

Payments 180

Payments Innovation Cards Google 180

PYMNTS

JANUARY 1, 2020

Not just any decade, but one that has seen unprecedented levels of innovation touch nearly every industry segment and almost every corner of the world. Only then, he said, can one get clarity about how those dots can guide innovators about the future. Tuesday marked not only the end of a year, but the end of a decade.

Innovation 174

Innovation Cards Google Payments 174

FICO

DECEMBER 1, 2020

As in the 2008 crisis, there will be a focus on where to put the toxic debt, such as “bad banks”. Four weeks before the pandemic broke out in Europe, I was speaking to a Southern Europe government, about how they could manage the billions of NPL euros owed from the financial crisis of 2008.

Taxes 76

Taxes Lending Capital Regulation 76

Insights on Business

DECEMBER 14, 2016

The landscape for banks and brokerages today shows significant improvement from the global financial crisis of 2008 – 2009. Banks have been closing branches at an unprecedented rate while cutting their workforces and delayering management. This type of traditional cost-cutting we refer to as “engineered efficiency.”.

social media 70

social media United States Regulation Operations 70

Let's Talk Payments

MAY 17, 2016

In the aftermath of the 2007–2008 global financial crisis, we have become increasingly aware of the unique and often heavy costs borne by the poor to use the financial services.

Payments 74

Payments Management Innovation Fintech 74

Insights on Business

FEBRUARY 13, 2019

The global financial crisis of 2008 and 2009 brought a renewed focus on the governance, risk and compliance (GRC) processes within the financial institutions, who, not very long ago, viewed GRC as little more than a necessary evil – cost of doing business, which added little value. IBM OpenPages with Watson 8.0

User Experience 79

User Experience Compliance Risk Management Training 79

PYMNTS

DECEMBER 20, 2020

Chinese officials may limit the number of financial institutions to which any single FinTech platform may connect, Reuters reported, citing coverage by state media. Jiwei was speaking at a wealth management conference. It was soon after that the government blocked the Ant Group IPO.

Fintech 256

Fintech Groups Conference Regulation 256

Insights on Business

NOVEMBER 12, 2018

According to the Boston Consulting Group , there have been more than $321 billion in regulatory compliance penalties levied globally since the financial crisis of 2007- 2008. Beyond ensuring compliance, executives are often preoccupied with the substantial organizational and business challenges in developing and implementing effective GRC.

Compliance 107

Compliance Technology User Experience Analytics 107