Jeff For Banks

DECEMBER 12, 2015

FinTech, FinTech, FinTech! A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. If a bank deems a vendor critical to its operation, it must analyze the vendor's financial statements to be confident in its viability. That's all I'm hearing. It's like global warming.

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Fintech Capital Cards Bitcoin 60

PYMNTS

NOVEMBER 9, 2020

percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009. Legacy FIs must navigate several challenges to be able to offer mobile payments support with the same seamlessness as third-party FinTechs. The percentage of unbanked households in the country had previously fallen to 5.4

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Tools Mobile FDIC Examples 203

PYMNTS

FEBRUARY 29, 2016

As FinTech startups bring more transparency and convenience into an industry that has operated on the same principles since modern finance began, banks have had to decide whether they were going to move in that direction, too, or dig their heels in and get ready for a fight. It appears that at least one bank has chosen the latter.

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New Jersey New York Industry Trends 100

PYMNTS

FEBRUARY 27, 2020

Uber , Lyft , Fiverr , Airbnb , Postmates were the early names in the game, all founded between 2009 and 2011. Closing in on its 10th anniversary, Fiverr recently announced that over $1 billion has been earned by its global community of gig workers in the decade the company has been in operation. Some lasted; some did not.

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PYMNTS

NOVEMBER 21, 2018

AI’s less sophisticated (but much more well-known) cousin machine learning needs supervision to learn, though the technology is certainly capable of high-level fraud prevention and business operational tasks — which is why financial institutions have adopted ML, as the report has shown. Data Mining. PYMNTS found that 81.8

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PYMNTS

JUNE 17, 2016

Unfortunately, “60 Minutes,” famous for investigative journalism, missed the really big story in FinTech. A few days later, one of the founding fathers of FinTech, Renaud Laplanche , was forced out of Lending Club, the peer-to-peer lender he founded in 2006, following scandals over loan disclosures and conflicts of interest.

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Bitcoin Lending blockchain Fintech 100

Fintech Labs Insights

DECEMBER 9, 2015

There’s more to the Forbes Fintech 50 list than just an awesome logo featuring George Washington wearing wrap-around shades. To make the cut, companies were required to have operations in the U.S. FinovateSpring 2009 demo. Founded: 2009. Founded: 2009. Founded: 2009. FinovateSpring 2009 demo.

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PYMNTS

JUNE 30, 2016

Then, I contact the IT staff to discuss operational or development needs that require assistance. In our fast-paced FinTech environment, business requirements aren’t typically introduced at a steady pace. The natural desire of every FinTech businesses is to continue to add value for its customers and clients. Larry Herbinaux.

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Mobile Comparison System Payments 100

NCR

NOVEMBER 11, 2016

Blockchain is the technology that allows bitcoin, the digital currency launched in 2009, to function. According to the WEF, blockchain has the potential to “profoundly alter” the way banks conduct their business worldwide, partly by reducing operating costs and making financial services more secure and accessible.

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blockchain Industry Bitcoin System 106

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

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User Experience Compliance Risk Management Training 79

Fintech Labs Insights

JULY 25, 2016

Officially named KBW Nasdaq Financial Technology Index (KFTX) , the fund tracks 49 fintech companies, including 17 Finovate and FinDEVr alums. FinovateSpring 2009 demo. Not primarily brick-and-mortar operated. The post A Look at the First Week of Nasdaq’s Fintech Index appeared first on Finovate. LendingClub (LC).

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Fintech New York Guidelines Financial Technology 12

PYMNTS

JUNE 14, 2018

percent in Q1, in line with averages since 2009. Mall operators, for example, are finding it difficult to sell low-end mall retail, even at fire sale prices. Adyen comes out of the gate and crushes it, so to speak, as FinTech moves beyond the unicorn stage to … a unicorn on steroids, with a $15 billion market cap.

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Retail Bitcoin Course America 108

CB Insights

AUGUST 16, 2017

This new unicorn cohort operates across industries, from fitness tech to cybersecurity to enterprise data management. AvidXchange , a fintech startup that automates invoicing and payment processing for midsize companies, aims to use its Q2’17 funding round to enhance its SaaS product offering and expand into new markets.

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Meeting US Capital North Carolina 68

Fintech Labs Insights

OCTOBER 16, 2016

In a $460 million deal, Texas-based ATM operator Cardtronics has acquired Canada-based DirectCash Payments. Expect to see much, much more activity as financial institutions and fintech companies develop applications using Amazon’s Alexa and the new Google Assistant. Big handshakes. Cardtronics acquires DirectCash Payments.

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Trends Fintech blockchain America 12

PYMNTS

MARCH 3, 2020

Global FinTech payments firm Fiserv announced on Tuesday (March 3) that it has acquired MerchantPro Express to help it advance the merchant services division of its business. MerchantPro Express has been a key Fiserv distribution partner since 2009,” said Devin McGranahan, senior group president of global business solutions at Fiserv.

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New York Analytics Payments Software 159

Fintech Labs Insights

JULY 20, 2020

Most are small, one-person operations. Operated as an autonomous unit of BBVA. Below, Founder/CEO Michael Rangel presents at CB Insights Future of Fintech last June (2019). It becomes the first newly chartered bank in the Northeast, and just ninth in the United States, since 2009. Approximately 1 in every 4 U.S.

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Fintech Labs Insights

JUNE 29, 2016

“This is a huge operational undertaking forcing financial institutions to be able to manage each of the rules from every jurisdiction,” she said. Founded in 2009 and headquartered in Dublin, Ireland, Fenergo demonstrated its Deal Manager solution at FinovateSpring 2012.

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Compliance Taxes Management Regulation 15

Fintech Labs Insights

MAY 17, 2016

Murphy then alluded to Fenergo’s solution, stating , “we present a unified approach to solving regulation across the world, delivering enhanced operational efficiencies and an improved client onboarding experience.”. Fenergo was founded in 2009 and for the past four years has grown 100% YOY on average.

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Marketing New York Regulation Policies 16

Fintech Labs Insights

MAY 26, 2017

“A core part of our business transformation program will involve creating an internal, centralized KYC target operating model that will help us to simultaneously improve the client experience and reduce the cost impact of the regulator KYC activities,” Erftemeijer said.

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Management Innovation Compliance Capital 17

Fintech Labs Insights

MAY 25, 2016

“The rate increase demonstrates our commitment to operating a marketplace that balances the economic incentives for both our borrower and investor communities,” states Brad Pennington, the company’s Chief Risk Officer. Prosper presented at FinovateSpring 2009 as well as the inaugural Finovate in 2007. *

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San Francisco Lending Community Industry 18

CB Insights

FEBRUARY 13, 2020

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Sigma aims to streamline business operations. Virtual card issuance. Business lending and corporate cards. Growing the internet economy. Source: Stripe.

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Online Company Retail Payments 98

Fintech Labs Insights

JANUARY 13, 2017

The mobile application management company will operate as a subsidiary of Arxan. Apperian was founded in 2009 and has enabled 2.5 Application security company Arxan announced this week it has acquired Apperian. Terms of the deal were not disclosed. million enterprise app installations.

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Security Mobile Management Company 12

CB Insights

AUGUST 14, 2017

This new unicorn cohort operates across industries, from fitness tech to cybersecurity to enterprise data management. AvidXchange , a fintech startup that automates invoicing and payment processing for midsize companies, aims to use its Q2’17 funding round to enhance its SaaS product offering and expand into new markets.

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US Capital North Carolina Data 28

Fintech Labs Insights

APRIL 4, 2016

Pictured (left to right): Kabbage Director of Payment Operations, Michelle Sirpak, and Head of Product, Jason Dell demonstrating the Kabbage Card at FinovateSpring 2015 in San Jose. Join us in sunny San Jose, California May 10 & 11 for feast of fintech innovation. Rob Frohwein is CEO. Tickets are on sale now.

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San Jose Georgia Atlanta Innovation 12

Fintech Labs Insights

MAY 12, 2015

.” Presenting Jason Dell (Head of Product) and Michelle Sirpak (Director of Payment Operations). Founded: February 2009. Product Launch: May 2015. Metrics: Approximately 170 employees, $106M in equity raised. Product distribution strategy: Direct to Business (B2B). HQ: Atlanta, GA. Website: kabbage.com. Twitter: @kabbageinc.

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Cards Atlanta Mobile Strategy 12

Fintech Labs Insights

JUNE 23, 2016

ATB Chief Strategy & Operations Officer Curtis Stange said, “Using blockchain technology, ATB Financial became the first financial institution in Canada to complete an overseas payment in a matter of seconds.” Founded in 2009, Ripple launched the Ripple Network at FinovateSpring 2013 under the name OpenCoin.

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blockchain California National Payments 16

Fintech Labs Insights

JUNE 14, 2016

To lead operations in Dubai, Fidor Bank has hired Gé Drossaert (pictured) to serve as Managing Director. Fidor Bank received its banking license in 2009 and demonstrated its FidorPay-Account at FinovateEurope 2011.

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San Francisco Management New York Innovation 12

Lex Sokolin

MAY 25, 2020

I would guesstimate a range of around $100 to $150 million, much of which would go to the core operating team. You are forgiven for not remembering all my favorite Fintech minutiae. The deal closed for less than $500 million?—?I Here’s a reminder. Goldman could look at Personal Capital, which is reportedly for sale.

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Strategy Fintech Capital Case Study 52

PYMNTS

MARCH 9, 2020

’s latest numbers on the topic revealing the lowest level of underbanked individuals since the survey began in 2009. “People are using prepaid cards, check-cashing stores, money transmission for bill payment — they’re incredibly expensive ways to operate, and this is absolutely the experience for many businesses as well.”

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Community Bank Community Innovation Regional 188

Fintech Labs Insights

JUNE 18, 2015

Founded in 2009, WePay offers online marketplaces, crowdfunding platforms, and small businesses two main products: 1) A white-labeled payments processing platform, Clear. What rarely gets mentioned in the coverage is just how complicated platform payments can be, given myriad operational, regulatory, and risk prevention requirements.

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Fintech Labs Insights

JANUARY 26, 2016

Cedric Bru, Taulia CEO, called Holzapfel a “powerhouse” and praised her expertise in strategic marketing and operations. Founded in June 2009 and headquartered in San Francisco, California, Taulia demonstrated its Enhanced Discounting at FinovateEurope 2015.

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Fintech Labs Insights

JANUARY 25, 2016

Prior to founding Nexmo in 2010, Jamous worked at Paymo, which was acquired by BOKU in 2009. Jamous: Bitcoin platforms have been driving innovation in fraud prevention at a faster rate than any other segment within the fintech space, and Nexmo works with many of the leading Bitcoin companies.

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San Francisco Bitcoin Fraud User Experience 12

Fintech Labs Insights

JANUARY 14, 2016

Formerly of Perella Weinberg Partners, Varughese will be responsible for all finance, legal, and human resource operations at Taulia. ” Founded in 2009 and headquartered in San Francisco, Taulia demonstrated Taulia Enhanced Discounting (TED) at FinovateEurope 2015. .”

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Fintech Labs Insights

MARCH 24, 2016

. “We believe that businesses deserve the convenience of having their banking operations fully automated,” states the company’s Matthew Harris, Director of Strategy and Partnerships. Founded in November 2009. Company facts: 110 employees. in turnover in 2015 (€9.2 B since being founded). 360,000+ registered users.

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System Strategy Innovation Payments 12

PYMNTS

OCTOBER 21, 2019

My, how much has changed since 2009. Karen Webster from PYMNTS recently caught up with him to review the past decade of innovation – and to look into where investing and FinTech are headed in the new decade that’s about to start. “It I would be coding to 3 a.m. in the morning on my IBM PC when that was a thing.” Confusion and Anxiety.

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Capital Fintech Company Technology 126

CB Insights

JULY 16, 2017

And most recently, Allianz made a strategic investment in US online homeowners and renters insurance carrier Lemonade , which currently operates in New York, Illinois, and California. Outside of its venture arm, Allianz also made a direct investment into Drone Racing League, of which Allianz is a title partner. Stated investment focus: N/A.

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Strategy Marketing Analytics Innovation 28

PYMNTS

MAY 15, 2017

The first bitcoin transaction was recorded by Nakamoto in early January of 2009 a few months after his famous paper introducing bitcoin to the world was released. RaaS operations — Ransomware as a Service — now flourish and make it easy for the most amateur of cybercriminals to get into the game. It’s a game with a pretty big payoff.

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