Fintech Labs Insights

APRIL 12, 2024

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

Jeff For Banks

DECEMBER 22, 2013

and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. Please do not claim to invest in any security based on what you read here. BofI Holdings Inc. Nasdaq: BOFI) BofI Holdings Inc.

Community Bank 89

Community Bank Atlanta Community Strategy 89

PYMNTS

SEPTEMBER 13, 2019

“The banking license means a great responsibility, and it is gratifying to see that Sweden and its authorities foster innovation,” Lindahl said, adding that the mission of the bank is to “simplify people’s financial lives through technology and innovation.”. N26, which started in 2013, has a valuation of €2.38

cryptocurrency 156

cryptocurrency Fintech Innovation Operations 156

PYMNTS

JUNE 10, 2019

We are actively following the country’s Belt and Road Initiative to empower Chinese businesses through innovation in the cross-border ecosystem,” said Luo in a statement. Earlier this year , Luxembourg passed a bill to amend an existing securities law so that it includes blockchain. billion investment in Europe. “We

blockchain 116

blockchain Security Fintech Regional 116

South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.

Innovation 195

Innovation social media Branding Marketing 195

PYMNTS

SEPTEMBER 9, 2019

Other tactics include strategic investment in cybersecurity, government-led initiatives, and technological innovation — all in an effort to stay ahead of bad actors. 29 percent of small businesses spend less than $1,000 on IT security each year , data from Untangle revealed in its 2019 SMB IT Security report.

Strategy 180

Strategy Security Technology Data 180

PYMNTS

MARCH 25, 2020

He is also an innovator who has spearheaded, built and operated two publicly-traded payments companies,” said Jacobs. He navigated its initial public offering (IPO) in 2010, and in 2013 he led the company in a $1.4 billion all-cash sale to TSYS. “I Green Dot’s fourth-quarter earnings for the period ending Dec. million.

Fintech 139

Fintech Operations Innovation Company 139

Bank Innovation

MARCH 1, 2019

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

Fintech 170

Fintech Financial Technology Technology Operations 170

CB Insights

OCTOBER 2, 2018

Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are doubling down on data security. Effective data security features are critical to securing this information. However, Facebook and Amazon are not the only Big Tech companies with a need to innovate in data security. The Future of Data Security.

Security 58

Security Data US Google 58

PYMNTS

OCTOBER 17, 2019

The increase has the effect of stifling a global economy driven by innovation and new ideas. The value of fake and counterfeit products went from $461 billion in 2013 to $509 billion in 2016. percent in 2013. Illicit trade in fake goods is a major challenge in an innovation-driven global economy. percent, up from 2.5

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

OCTOBER 17, 2019

The increase has the effect of stifling a global economy driven by innovation and new ideas. The value of fake and counterfeit products went from $461 billion in 2013 to $509 billion in 2016. percent in 2013. Illicit trade in fake goods is a major challenge in an innovation-driven global economy. percent, up from 2.5

Fraud 101

Fraud Innovation Technology Mobile 101

Bank Innovation

JUNE 14, 2018

RBC said Facebook allowed it access in order to “wind down” a payments app it first unveiled in 2013. […]. Royal Bank of Canada and Facebook today offered differing versions of why the social media company continued to give the bank extraordinary access to customer data after Facebook said publicly that it would stop doing so.

social media 186

social media Data Payments Company 186

PYMNTS

SEPTEMBER 24, 2020

Social Security numbers. billion in losses in 2019, according to a recent study, although it has declined from $20 billion in 2013. A major factor in this decline has been the rise of improved authentication and security systems at banks like Axis. It’s like the Social Security number in the U.S.,” Shetty explained.

Video 205

Video Fraud Digital Banking System 205

PYMNTS

DECEMBER 21, 2016

In a statement to VentureBeat , Yahoo said: “At Yahoo, we are constantly reviewing and revising our product portfolio as we strive to innovate and bring users the best experiences possible … We plan to incorporate our learnings across Yahoo’s products, including Yahoo Mail.”. 2013 hack is “likely distinct” from the other incident.

Data 100

Data Tools Mobile Report 100

PYMNTS

NOVEMBER 21, 2018

To bolster security and efficiency, SWIFT India’s banks plan to tap into a shared distributed ledger network with the pilot. Of the volatility, CryptoOracle Partner Lou Kerner told CNBC that “there was a day in 2013 when we were down 70 percent overnight. Nobody likes being down like this.

Bitcoin 131

Bitcoin blockchain Policies Report 131

PYMNTS

JUNE 24, 2016

The new capital will be used to accelerate SecurityScorecard’s ongoing scale and foster innovation in its delivery of cybersecurity health ratings. Since launching in 2013, the company has actively tracked more than 100,000 companies and identified vulnerabilities using an outside-looking-in perspective.

Google 101

Google Risk Management Survey Capital 101

Abrigo

MAY 5, 2022

Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.” Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. keep me informed.

Community 195

Community Lending Maine Resources 195

PYMNTS

AUGUST 21, 2020

But] we’ve been around since 2013 … and we’ve been growing year over year. Innovation By The Boatload. “Because of COVID, it feels like people are discovering [boating] for the first time,” he said. “[But] It’s often said that the two best days in a boat owner’s life are the day she buys the boat and the day she sells it.

Fraud 317

Fraud US Examples Tools 317

PYMNTS

SEPTEMBER 25, 2018

Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. Against that backdrop, said Barron’s, “the perils of extremely risky peer-to-peer lending products being marketed as deposit-like securities became clear.”. The fact remains that credit availability has widened, the report stated.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

OCTOBER 31, 2019

Launched in 2013, San Francisco-based Particle aims to be an all-in-one solution to help customers bring IoT devices to market by providing encryption and security, as well as data autonomy and scalability. Our customers who started as early innovators are now leaders in their industries.”

San Francisco 101

San Francisco Industry National Capital 101

PYMNTS

DECEMBER 10, 2018

Analysts at the time called this product “an historic opportunity” to bolster the merchant’s “corroding bottom lines,” and innovators rushed to build new applications to help them seize it. The REDCard has seen its growth slow appreciably since 2013, the year of the infamous Target breach. And what was the product?

Branding 184

Branding Cards Payments New Jersey 184

Bank Innovation

MARCH 7, 2016

Digital Insight, acquired by NCR in 2013, announced today that Android Fingerprint ID would be incorporated into its mobile banking app in May. This feature allows mobile banking users to authenticate with fingerprints on Android devices.

National 150

National Mobile Online Security 150

PYMNTS

JANUARY 7, 2019

The GAO said it had seen — through interviews with 11 FinTech firms — loan volume grow by sevenfold, while collaborative efforts with banks continued to grow from 2013 to 2017. The agencies each stated that they plan to take action to address GAO’s recommendations,” reports said. Sandboxes, Gathering Steam.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

MARCH 13, 2019

Nevertheless, demand this February was worse than in years past, with the news report saying this shipment rate hasn’t been seen since at least 2013. Experts also told CNBC that a lack of innovation with the devices is dampening consumer demand. “I New phone releases tend to happen at the end of February as well, noted the report.

Apple 104

Apple Retail Mobile Technology 104

PYMNTS

FEBRUARY 1, 2017

Coin, which was founded as a mobile payment company initially in late 2013, has seen its fair share of ups and downs over the years. From seeking to take the place of all credit cards , to securing a large round of funding and introducing innovative reward programs , Coin followed the routine path of most startups.

Cards 100

Cards Operations Mobile Security 100

PYMNTS

SEPTEMBER 18, 2018

One of the cases involves a company called Innovative Paycheck Solutions. Its operator, Steven Simmons, had a website called “NoveltyExcuses.com website from 2013 until October 2017, where for $19.95 So much of digital identity relates to the question of security. They were shut down for violating unfair practice prohibitions.

Taxes 134

Taxes Fraud Operations Security 134

PYMNTS

JUNE 13, 2019

The innovation — and potential disruption — stems from a company called Helium , which describes itself as a peer-to-peer wireless network. The company was founded in 2013 to “build the world’s first decentralized wireless network,” according to the Helium website. Among the main challenges that push faces is the question of security.

Austin 164

Austin Maine Survey Mobile 164

William Mills

DECEMBER 12, 2017

Now in its 23 rd year, the conference featured more than 20 technology providers and rallied together innovators from across the globe to discuss how financial institutions can better engage with business customers… and the timing couldn’t be better. The company recently surpassed $1 billion in loan requests since it was established in 2013.

Conference 40

Conference Innovation Lending Customer Experience 40

PYMNTS

OCTOBER 10, 2018

Rarely does the wire transfer come into play as an exciting, innovative payment rail ready to disrupt cross-border B2B payments. The wire transfer, made popular by Western Union more than 150 years ago, may not seem to be the most innovative rail. Thieves attempted to steal $5.3 counterparts are not available.

Fraud 116

Fraud Compliance Innovation Payments 116

Banking 2020

DECEMBER 3, 2015

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. ”

Innovation 40

Innovation Payments Lending Financial Technology 40

PYMNTS

NOVEMBER 21, 2018

And, to bolster security and efficiency, SWIFT India’s banks will reportedly tap into a shared distributed ledger network with the pilot. Of the volatility, CryptoOracle partner Lou Kerner told CNBC, “there was a day in 2013 when we were down 70 percent overnight. Nobody likes being down like this.

Bitcoin 108

Bitcoin blockchain Report Policies 108

PYMNTS

DECEMBER 3, 2018

In December of 2013, Target was breached. That breach cost then- CEO Gregg Steinhafel his job, and became the poster child for EMV and the need to lock down payment card security to protect against counterfeit fraud at the physical point of sale. Yet consumer adoption and use of those innovations continues to grow.

Fraud 192

Fraud Security Payments Cards 192

PYMNTS

JULY 11, 2018

The fraud happened from 2008 until he was fired in 2013, noted the report. Prosecutors contend Falkowski got QVC to pay more than $200,000 in chauffeured rides for himself and others, $70,000 in payments to pay down his own personal debt and $59,500 in American Express gift cards.

Company 102

Company New York City Fraud Retail 102

PYMNTS

MARCH 27, 2020

Fresh meal vending solutions provider Farmer’s Fridge launched in 2013 to meet that need, using vending machines to sell fresh and healthy food at scale. “I It allows you to be much more targeted in how you innovate and how you meet customers on what they want,” he said. “We Targeting Convenience.

Milwaukee 130

Milwaukee Meeting New York City Data 130

Abrigo

AUGUST 6, 2019

Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions. Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families.

System 264

System Las Vegas San Antonio San Diego 264

Fintech Labs Insights

SEPTEMBER 21, 2020

Innovate Finance broadcast the finals of its Pitch360 competition over Zoom in July. Builds business applications using cryptography for superior data security and data privacy. Founded: 2013. Digital Assets. Finalists: Lacero ( pitch ), SupraFin ( pitch ), Wirex (see pitch below). Category winner AND overall winner: Wirex.

Innovation 15

Innovation Fintech blockchain Capital 15

PYMNTS

JULY 25, 2019

N26 was founded in 2013, launched in 2015 and now serves 3.5 I do see, in more recent years, more larger institutions [that have suffered] data breaches which then leads to more [secure] information circulated online,” Kopp said. N26 officially entered the U.S. Bringing a global fraud approach to a new local market. operations.

Fraud 164

Fraud Marketing US Resources 164