PYMNTS

NOVEMBER 5, 2018

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 It marked the third time that Ant had a quarterly loss since its unit’s result was disclosed by Alibaba in the early part of 2014. billion yuan ($353 million USD) for the quarter ending Sept. It posted 9.18

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PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). This isn’t the OCC’s first attempt to create a special banking charter that would benefit tech firms.

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PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. It amounted to about $12.5

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Fintech Lending Capital Innovation 100

PYMNTS

SEPTEMBER 16, 2016

Nearly $120 million has been invested in approximately 300 startups based in Guadalajara since 2014. Mexico’s longstanding business culture resulted in the government investing $658 million to an estimated 620,000 entrepreneurs back in 2014. It’s projected that Mexico will represent the world’s fifth-largest economy by 2050.

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PYMNTS

JUNE 28, 2018

A lot, if you ask AvidXchange CEO Michael Praeger — which is why the startup saw both locations as a great home base for operations in those respective parts of the country: Charlotte for the East Coast and now Salt Lake City for the West. What do Charlotte, NC, and Salt Lake City, Utah, have in common?

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PYMNTS

JUNE 25, 2020

The company’s 100 staffers were informed in a town hall that 50 percent of them would be laid off immediately and there would be roughly 10 staffers who would help gradually close operations by August’s conclusion. has traditionally been a bit laggard in the evolution of banking and FinTech.”

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Software Data Cards Report 141

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. Acquisition of the Year: Bank Acquiring a Fintech. Acquisition of the Year: Fintech Acquiring a Bank. banks by market value.”.

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PYMNTS

JANUARY 17, 2019

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. The company said it expected industrial businesses to account for as much as 90 percent of its earnings by 2018, up from 58 percent in 2014.

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PYMNTS

FEBRUARY 14, 2018

The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. The companies were grouped together between 2014 and 2017 after investments and acquisitions by Arrowgrass Master Fund Ltd., reports noted. reports noted.

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Lending Capital Groups Financial Technology 122

PYMNTS

DECEMBER 3, 2019

The expansion of traditionally consumer-focused FinTechs widening their solution scope to include B2B payments tools exemplifies just how massive the opportunity is for service providers to tackle friction. SatoshiPay , a FinTech based in London and Berlin, launched in 2014 with the intention of solving micro consumer payments friction.

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PYMNTS

APRIL 12, 2019

Jumia operates in 14 African countries, including Ghana, Kenya, Ivory Coast, Morocco and Egypt. retailers online in markets across Africa, according to reports. The platform is in markets such as Kenya, South Africa and Malawi, while local FinTech options like M-Pesa and Paga will be included in the service’s payment methods.

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PYMNTS

SEPTEMBER 15, 2016

The supplier payment solution by FinTech firm Tipalti has attracted venture capitalists. “We look forward to Dovi Frances joining our board of directors and contributing with his extensive experience in the FinTech world.” Tipalti’s sales and marketing efforts will also get a boost from the funding, the firm added.

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PYMNTS

AUGUST 29, 2018

Quartz noted that Paystack is the latest African FinTech startup to recently raise funds. The report also pointed to Cellulant , a digital payments company operating in 11 countries in Africa, which raised $47.5 Despite being home to Africa’s biggest mobile phone market, Nigeria is seeing a decline in banked adults.

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PYMNTS

JUNE 21, 2018

Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. The company is not allowed to operate like a bank under current rules, but would like to offer banking-like products such as savings accounts through different licenses or partnerships.

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PYMNTS

MARCH 14, 2018

Co-founded by FinTech veteran Ricky Knox, Tandem also recently purchased Harrods Bank , which enabled the startup to achieve its goals of moving into the U.K. banking market. When the deal is finalized, we’ll operate the whole business under the Tandem brand.”.

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PYMNTS

JUNE 14, 2018

Tight regulations around the legal marijuana industry are barring non-wealthy entrepreneurs from entering the market, according to reports from Forbes on Wednesday (June 13). Reports also highlighted the successful and wealthy back stories of some of the nation’s current leading marijuana businesses.

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PYMNTS

JUNE 16, 2018

The Russian Association of Corporate Treasurers is joining the government-led Masterchain blockchain initiative, a platform developed by the central bank to facilitate communication within Russia’s banking market. Russia is reportedly looking to use the platform to replace SWIFT’s inter-bank communications network.

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blockchain National New York cryptocurrency 113

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

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

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Fraud social media cryptocurrency National 101

PYMNTS

MARCH 9, 2018

Veem has been tackling this problem since launching in 2014,” wrote Amadon in the blog post. The FinTech startup has reinvented the cross-border payments experience with the small business in mind, making it easier and less expensive to send and receive international payments.”

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Payments Capital blockchain Software 100

Fintech Labs Insights

MAY 3, 2021

Startupbookcamp continues to accelerate fintech startups around the globe. A few months ago (Dec 2020), they graduated a new cohort of 7 startups operating in (or planning to enter) the Australian market. Launched: 2014. Related: The 168 Fintech Unicorns of the 21st Century (April 2021 update). HQ: Manz, Germany.

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San Jose Fintech CA Washington 15

PYMNTS

APRIL 6, 2017

For technology startups looking to expand their reach, crowdtesting has become a key resource to ensure operability on the global market. FinTech Abra, for instance, looks to change the way people around the world send and receive money. The challenge isn’t unique to Abra, Chlentzos noted.

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Bitcoin Resources Software US 108

PYMNTS

JULY 1, 2016

As of 2014, the mobile phone penetration rate in Singapore was 148 percent. percent in 2014 to nearly 148 percent just 10 years later in 2014, it’s no surprise that the mobile market is a significant piece of Singapore’s tech landscape. Singapore’s GDP was roughly $407 billion in 2015. A Knack For Mobile.

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National Training Bitcoin Samsung 133

Fintech Labs Insights

MAY 3, 2021

Startupbookcamp continues to accelerate fintech startups around the globe. A few months ago (Dec 2020), they graduated a new cohort of 7 startups operating in (or planning to enter) the Australian market. Launched: 2014. Related: Watch 12 Fintech Startups Pitch at Startupbootcamp Amsterdam Demo Day (May 2021 update)).

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San Jose Fintech CA Washington 15

Lex Sokolin

MAY 25, 2020

That feels like a venture bet coming to fruition, or founders looking at the likely market environment for the next 10 years, and saying?—?no We have the world’s best investment bank and institutional capital markets business, but something doesn’t feel right. Capital markets and private wealth bets come naturally to the company.

Strategy 52

Strategy Fintech Capital Case Study 52

Banking 2020

NOVEMBER 30, 2015

Banking institutions must engage with emerging financial technology (FinTech) companies or risk being left behind by an industry that is currently undergoing one of the largest transformations ever seen. In the past five years, the number of FinTech companies and non-traditional payment providers looking to enter the sector has boomed.

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Fintech Innovation Industry Meeting 40

PYMNTS

JANUARY 10, 2018

When Mastercard launched the Start Path accelerator program in 2014, the goal – according to VP and senior business leader, Amy Neale – was to make it easier for emerging companies to enter “our world” through a combination of operational support, commercial access and some strategic funding.

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Company Meeting Millennials blockchain 194

PYMNTS

JULY 3, 2018

Everyone thinks of win rates differently, and people use their metrics differently,” said Pallavi Kuppa-Apte, Head of Business Operations, Chargehound. Those that felt ready had invested in knowledge of local markets and tax codes, new tech and/or new vendors. DadeSystems. Jewel Paymentech.

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National Charlotte Regional Operations 101

PYMNTS

MARCH 23, 2016

FinTech is changing the FS industry from the outside,” stated PwC EMEA FinTech Leader Steve Davies in an announcement revealing the research earlier this month. Researchers at PwC found that, for the banks surveyed, they believe that 23 percent of their operations could take a hit as a result of FinTech innovation like blockchain.

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blockchain Fintech cryptocurrency Innovation 100

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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FICO

MARCH 28, 2023

We have also organized regional forums for female leaders in fintech, such as a recent Women in Leadership event held in Toronto in December 2022. Stephanie joined FICO in 2014, recently serving as executive vice president of sales and marketing. At our annual FICO World event, we host Women in Leadership seminars and forums.

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Leadership Software Community Florida 52

Celent Banking

OCTOBER 12, 2015

This week I’m in Singapore, which provides a beautiful backdrop for Sibos 2015, the annual conference that brings together thousands of business leaders, decision makers and topic experts from a range of financial institutions, market infrastructures, multinational corporations and technology partners.

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Conference Compliance Customer Experience Analysis 100

Jeff For Banks

JULY 5, 2022

The money market mutual fund became a formidable competitor to the bank account. In Pennsylvania, Rocket has number 1 market share. There is a fintech firm, SoFi, that was born in 2011, that focuses on millennials financial needs. But they must be in ample supply in your markets to support growth. billion in total assets.

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Millennials Community Pennsylvania Community Bank 78

PYMNTS

JUNE 21, 2016

MasterCard announced today (June 21) the kickoff of the 2016 summer session of its Start Path Global program — a class offering support to the next generation of commerce and FinTech startups from around the world. Narrowing down from 500 to the seven startups selected for the summer 2016 class was no easy feat for MasterCard.

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PYMNTS

JULY 19, 2017

A new report from the state-backed British Business Bank (BBB), however, suggests alternative lenders are becoming an increasingly important part of its operations in a different way, highlighting how the lines between alternative finance (AltFin) and traditional finance continue to blur. businesses.”. As the U.K. There is no doubt that U.K.

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Lending Capital Report Customer Experience 138

PYMNTS

APRIL 2, 2018

It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device between April 2014 and February 2018.

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blockchain Lending User Experience Mobile 171

PYMNTS

MARCH 14, 2016

Small business lenders touted their high-volume milestones, and researchers pointed to a massive spike in FinTech investments. billion worth of investment landed at FinTech startups last year , representing a more than 100 percent increase in the volume of investment for this segment. finds new analysis from the Institute of Directors.

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