CFPB Monitor

DECEMBER 12, 2016

The announcement by the Office of Comptroller of Currency that it will allow financial technology (fintech) companies to apply for national bank charters as way of fostering “responsible innovation” has already drawn fire from the New York Department of Financial Services (DFS) and the Conference of State Bank Supervisors (CSBS). .

Innovation 60

Innovation New York Illinois Regulation 60

PYMNTS

JANUARY 27, 2020

based FinTech focused on cross-border payments, said Monday (Jan. Currencycloud said it will use the funding to boost its technology portfolio and partner network. Recent product launches and updates include Currencycloud Spark, which provided multi-currency accounts to banks and FinTechs across more than 35 currencies.

Payments 130

Payments Fintech Software National 130

Chris Skinner

APRIL 13, 2017

It feels nearer, but when a group of experts on Artificial General Intelligence were asked this question in 2012, their view was that it would not be achieved until 2040. As you can see, the idea – and sexism – hasn’t changed much in that time. The question here being: When will achieve the Singularity?

Technology 283

Technology Software Groups Innovation 283

Alex Jimenez

AUGUST 28, 2018

What is Fintech? Fintech is a dynamic segment at the intersection of the financial services and technology sectors where technology-focused start-ups and new market entrants innovate the products and services currently provided by the traditional financial services industry." -PwC PwC Fintech Report.

Fintech 40

Fintech Case Study Study Millennials 40

CFPB Monitor

SEPTEMBER 27, 2016

Republican Congressman Patrick McHenry, Vice Chair of the House Financial Services Committee, has introduced the “ Financial Services Innovation Act of 2016 ,” which is intended to provide a streamlined regulatory process for innovative fintech products and greater certainty about compliance requirements.

Fintech 60

Fintech Innovation Compliance Policies 60

PYMNTS

MARCH 28, 2019

FinTech competition quickly ended banks’ practice of turning a blind eye to a lack of digital offerings. With more options than ever, customers demand better services, and that often cannot be offered without better technology. ” Indeed, it isn’t just FinTechs adding disruption to the market. .”

Regulation 118

Regulation Technology Tools Fintech 118

Chris Skinner

JULY 3, 2017

Here are the key highlights: Over the past five years customers’ activity on banking apps rocketed by 354%, with apps now an increasingly popular way to access current accounts rising from 21% of access in 2012 to 61% by the start of 2017. These innovations are helping us to manage our finances more easily.

Mobile 286

Mobile Cards Video Management 286

PYMNTS

JULY 8, 2016

The digital technology sector accounts for roughly 5.5 A recent study from McKinsey found that France is expected to boost the digital technology share of its GDP by €100 billion by 2020. The image recognition startup develops technology for mobile devices that allow them to be turned into smart sensors.

Fintech 121

Fintech Conference Capital Regional 121

Accenture

SEPTEMBER 22, 2019

But there’s another reason why the neo-challengers are so front-of-mind: They’re industry leaders in cultivating technology innovation and optimising customer service and experience. They also deliver innovative, easy-to-use apps that help users with things like managing their daily budget or travelling abroad. Customer growth.

Innovation 150

Innovation Metro Apple Marketing 150

CFPB Monitor

OCTOBER 25, 2016

In a new report , the CFPB discusses its approach to FinTech and financial innovation, its Project Catalyst initiative, and marketplace developments the CFPB views as potentially beneficial for consumers. ” The report also reviews the CFPB’s trial disclosure waiver policy and its no-action letter policy.

Innovation 60

Innovation Report Data San Francisco 60

PYMNTS

AUGUST 22, 2019

The funding is one of four £10m Pool C grants from the Capability and Innovation Fund (CIF), which is awarded by BCR to help businesses improve lending or payment services to SMEs across the U.K. Since its 2012 start, iwoca has loaned money to 35,000 U.K. iwoca is the only SME lender in the U.K.

Lending 101

Lending Regional US Industry 101

Tomorrow's Transactions

DECEMBER 3, 2014

What’s the big picture around banking, payments and innovation? Maybe the new paradigm will be the bank as facilitator of innovation rather than innovator. From Co-Dependence Between Banks and Their Technologists: Hampering Innovation — Payments Views from Glenbrook Partners ]. This set the dynamic for innovation.

Innovation 63

Innovation Case Study Payments Leadership 63

Celent Banking

JANUARY 23, 2017

Consumer Banking Channel Innovation – for the most creative use of consumer channels, or the most effective channel integration. Branch Transformation – for the most compelling branch transformation initiative, including branch format innovations and creative use of live agents.

Risk Management 100

Risk Management Innovation Case Study Boston 100

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

PYMNTS

AUGUST 8, 2017

ID Finance Co-Founders Boris Batine and Alexander Dunaev were far from newcomers to the world of finance when they started up their business in 2012. And so, in 2012, with only a few hundred thousand of their own dollars to get up and running, ID Finance launched in one of those underserved markets — their home market of Russia.

Lending 105

Lending Capital Fintech Marketing 105

PYMNTS

JANUARY 9, 2019

Separate reports from The Wall Street Journal ( WSJ ), published last April, also demonstrated the changing nature of corporate finance: While the Big Four accounting firms’ advisory and consulting revenue jumped by a combined 44 percent since 2012, revenue from straightforward auditing for the firms rose just 3 percent in that time.

Taxes 179

Taxes Technology Tools Industry 179

PYMNTS

AUGUST 17, 2017

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). For traditional banks, the largest impact of mobile and digital technology has been how it has shifted consumer expectations. “As

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

William Mills

JANUARY 28, 2016

In the financial services industry, there have been several mainstay trade shows where bankers and service providers come together to learn about new products and technologies: Finovate, the ABA Annual Conference for Community Bankers and BAI Retail Delivery are all examples, and there is another emerging. If you attend.

Las Vegas 40

Las Vegas Fintech Retail Conference 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

Fintech Labs Insights

OCTOBER 7, 2016

Panowicz, who worked for fellow Finovate alum mBank as Senior Director and Managing Director from the fall of 2011 to the spring of 2015, will be responsible for Kreditech’s product and technology departments. His long tenure in finance and technology includes stints at Alior Bank, Microsoft, eBay, and The Boston Consulting Group.

Technology 19

Technology Boston Leadership Conference 19

Fintech Labs Insights

MAY 26, 2017

ABN AMRO is the third-largest bank in the Netherlands and will use the technology to support its CDD/KYC processes in specific, and the bank’s broader “business transformation strategy” in general. “Fenergo is the technology platform that will underpin this initiative.”

Management 17

Management Innovation Compliance Capital 17

Fintech Labs Insights

OCTOBER 11, 2016

Lloyds Banking Group will be the first European institution to use “phone printing” technology to help fight fraud. ” Pictured: CEO, CTO, and founder Vijay Balasubramaniyan demonstrating Pindrop’s Fraud Detection System at FinovateFall 2012. .” The success rate has since reached 95%.

Groups 12

Groups Technology Georgia Fraud 12

NCR

OCTOBER 23, 2017

I recently took part in NCR’s Innovation Conference in Orlando, where I was asked to give a session on the future of payments. We’re now well and truly into the era of the fintechs as competitors to legacy banks, and this has naturally led to many questions about the position of legacy players in this more diverse environment.

Technology 69

Technology Maine Examples Innovation 69

Fintech Labs Insights

OCTOBER 14, 2015

In the same way that celebrities look through the memoirs of other celebrities to see if and how frequently their names are mentioned, I’ll admit that my first thought upon coming across American Banker’s “20 Fintech Companies to Watch” roster this morning was: “How many Finovate/FinDEVr alums?!”

Fintech 12

Fintech Company Trends Technology 12

Fintech Labs Insights

JUNE 26, 2015

Less than a year after making their debuts at FinovateFall 2014, EverSafe and MaxMyInterest are back in the Big Apple, presenting their technologies as part of New York’s 2015 FinTech Innovation Lab Demo Day. EverSafe is headquartered in Columbia, Maryland, and was founded in January 2012.

New York 12

New York Innovation New York City Maryland 12

CB Insights

JANUARY 6, 2019

One popular choice: retail innovation labs. Learn about the technologies, innovations, and strategies that retailers can leverage this holiday season. We’ve assembled a list of innovation labs from some of the most recognizable names in retail looking to disrupt their industries. Get the 54-page retail report.

Innovation 77

Innovation Retail Branding Technology 77

Fintech Labs Insights

APRIL 15, 2016

Last night in Amsterdam the 2016 European Fintech Awards celebrated innovators shaping the future of finance. Four of the winners are Finovate and FinDEVr alums, including BehavioSec, who won the overall award of Best European Fintech Company of 2016: BehavioSec. Category: Innovative Banking Software. Founded: 2012.

Fintech 12

Fintech San Francisco Lending Innovation 12

Fintech Labs Insights

FEBRUARY 23, 2016

With Coinbase and Motif Investing both winning a place on Fast Company’s Most Innovative Companies of 2016 list, it looks like bitcoin and innovations in investing remain two of fintech’s hottest trends. ” The list will be published in the March 2016 issue of the magazine. .”

San Francisco 12

San Francisco Innovation Company Bitcoin 12

NCR

OCTOBER 28, 2016

Back in spring 2012, President Barack Obama shocked conservative critics (maybe not for the first time) when he appeared on The Tonight Show to “slow jam” the news. To be clear, the competition isn’t only between multinationals and technology-enabled community banks. And there’s one additional point to consider.

Community Bank 40

Community Bank San Francisco Community National 40

NCR

OCTOBER 7, 2016

Back in spring 2012, President Barack Obama shocked conservative critics (maybe not for the first time) when he appeared on The Tonight Show to “slow jam” the news. To be clear, the competition isn’t only between multinationals and technology-enabled community banks. And there’s one additional point to consider.

Community Bank 40

Community Bank San Francisco Community National 40

Fintech Labs Insights

MARCH 9, 2016

As reported earlier this year in Bank Innovation, the initiative comes in the wake of EyeVerify’s participation in Wells Fargo’s startup accelerator program. ” She pointed out that Wells Fargo had been studying a variety of biometric solutions for “six or seven years,” including voice authentication technologies.

Technology 12

Technology Kansas City Kentucky Missouri 12

Gonzobanker

NOVEMBER 17, 2016

This year’s Money 20/20 event in Las Vegas drew a massive attendance with 11,000 individuals, 4,500 companies, tons of new technology, and a mind-blowing expanse of collective brain power. The event’s level of growth and sophistication since its inaugural event in 2012 is truly impressive. Keep your eyes on this innovator.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

CFPB Monitor

MARCH 8, 2017

Earlier this week, we attended the LendIt USA conference in New York City, a leading annual fintech conference, at which CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry both spoke. Kaplinsky and Scott M. ” He then discussed the CFPB’s two most recent requests for information. .”

Conference 74

Conference Policies New York City Data 74

CB Insights

DECEMBER 5, 2017

The same group completed fewer than 25 investments in aggregate between 2012 and 2014. XL Innovate. Here are a few takeaways from analyzing the graph below, which encompasses over 125 deals: Of the 12 P&C insurers analyzed, Ping An and AXA have been the most active since 2012. Number of investments (since 2012): 2.

Strategy 28

Strategy Marketing Analytics Innovation 28

Fintech Labs Insights

FEBRUARY 24, 2017

Department of Homeland Security, Canadian authentication innovator, SecureKey will develop a digital identity network using blockchain technology. ” Founded in 2008 and headquartered in Toronto, Ontario, Canada, SecureKey demonstrated its technology at FinovateFall 2012. .”

blockchain 20

blockchain Capital Security Resources 20

Banking 2020

NOVEMBER 9, 2015

And way back in 2012, Intuit opened the APIs to its financial data service in the U.S. Just this year, Citibank—which has become a strong advocate of using the developer ecosystem to power innovation—launched the Citi Mobile Challenge. Many companies, particularly on the technology side, are stepping up.

Industry 40

Industry Compliance Data Software 40

CB Insights

JULY 16, 2017

The same group completed 20 investments in aggregate between 2012 and 2014. XL Innovate. Here are a few takeaways from analyzing the graph below, which encompasses over 125 deals: Of the 12 P&C insurers analyzed, Ping An, AmFam, and USAA have been the most active since 2012. Number of investments (since 2012): 3.

Strategy 28

Strategy Marketing Analytics Innovation 28