Bank Innovation

MARCH 9, 2016

Asian fintech deal sizes dwarfed U.S. Global fintech funding skyrocketed in 2014 and 2015, but tapered off in the fourth quarter of 2015, with the implication that 2016 won’t be so sweet, according to the report. deal sizes in 2015, a new report from KPMG and CB Insights shows. But yesterday’s Ant Read More.

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PYMNTS

JULY 31, 2018

Coverage includes Accenture ’s FinTech Innovation Lab Asia-Pacific. Europe’s Billon has signed a letter of intent with financial technology provider FIS to explore joint product development and sales opportunities for its corporate blockchain solutions. “FIS Welcome to The Axis, your late look at payments news from around the world.

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PYMNTS

JULY 19, 2016

Bloomberg reports that the biggest bank in Spain is, in effect, doubling down on its investments in FinTech. As has been the norm for many investment funds, InnoVentures takes minority investments as a conduit of leveraging startup technology into its banking platforms at large.

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Bobsguide

MARCH 14, 2022

Profile Software , the leading financial solutions provider, announced today the selection of Axia by Cirdan Capital, a financial technology company in the UK founded in 2014, that specialises in the issuance of structured investment products, to complete the proprietary technology of its platform.

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PYMNTS

JANUARY 30, 2017

Nyca Partners, the venture capital firm focused on the FinTech market, raised $125 million for a second fund. According to a report , Hans Morris, the former Visa president turned venture capitalist, created Nyca Partners in 2014, launching a $30 million fund. Nyca Partners isn’t the only one eyeing the FinTech market.

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PYMNTS

FEBRUARY 22, 2018

Southeast Asia is now front and center on the world’s FinTech stage, and it’s no accident. Regulatory efforts to promote FinTech innovation, a bustling climate for blockchain and interest from other markets eyeing the region for expansion have all led to Southeast Asia’s impressive standing in this space.

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PYMNTS

MARCH 14, 2016

That means the region is becoming a sweet spot for FinTech investment. billion, as measured across payment companies, Internet insurers and peer-to-peer players, and the most recent tally grew by 60 percent over 2014, Reuters reported. As a region, Asia has seen $4.5 The global investment activity in the space stood at $19.1

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PYMNTS

JUNE 22, 2020

Ant Financial Services Group has won a green light from Chinese regulators to drop the word “financial” from its name, so it’s goodbye to Ant Financial Services Group and hello to Ant Technology, The Wall Street Journal reports. As 2018 gave way to 2019, the fund – Tianhong Yu’e Bao – had ballooned to more than $168 billion.

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PYMNTS

JANUARY 18, 2018

Indian Bank of Baroda is working with a FinTech player to enhance its supply chain finance offerings. technology vendors simply aren’t offering the necessary technologies or implementing these in a seamless, non-disruptive way,” the executive said at the time. Reports in Business Standard on Wednesday (Jan.

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PYMNTS

AUGUST 12, 2020

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. The company said its efforts recognize “the important role FinTechs play in the world’s rapid digital transformation.”. 12) announcement.

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PYMNTS

FEBRUARY 13, 2020

Assembly Payments shares our vision, and we are pleased to partner them based on the strength of their core technology and talented team,” said Alex Manson, head of SC Ventures — the innovation, FinTech investment and ventures arm of Standard Chartered. We identified payments as an area where we wanted to make a strategic investment.

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CB Insights

NOVEMBER 6, 2019

The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. Q2’19 fintech funding topped $8.3B, boosted by a record quarter of $100M+ mega-rounds. KEY TAKEAWAYS.

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PYMNTS

SEPTEMBER 26, 2016

The newspaper cited Ripple’s use of blockchain technology and the ability of two small banks, one in Canada and one in Germany, to complete cross-border online transactions in record time as an example of the latest banking innovations. trillion in 2014 to $2.3 But some banks are competing with the FinTechs. trillion in 2019.

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Celent Banking

NOVEMBER 30, 2015

Fintech is booming. In 2013, according to a report by Accenture and CB Insights , total investment into Fintech was just less than $4 billion. By 2014 it ballooned to more than $12 billion globally, with 750 deals. Banks will need to adapt to new behavioral patterns and trends in technology.

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PYMNTS

JUNE 15, 2016

One emerging player in the Australian FinTech market has just secured another round of capital. PromisePay is a FinTech startup that was founded in 2014 with the mission of delivering new digital commerce platforms to online marketplaces — a specific area of commerce that has higher risk than traditional online commerce.

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PYMNTS

OCTOBER 16, 2017

That’s why South African FinTech company Yoco has made it its mission to improve things for African businesses, large and small. Yoco has launched two levels of payments solutions since its inception and beta phase in 2014 and subsequent launch in 2015, starting with a Square-like card reader.

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PYMNTS

OCTOBER 23, 2018

Visa, the payments company, announced Tuesday (October 23) a strategic minority investment in Conductor, a digital payments processing technology platform in Brazil. In a press release , Visa said the investment will go to help Conductor expand its products and to accelerate innovation in payments.

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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

OCTOBER 8, 2020

The California-based FinTech, whose open API platform enables companies like Square, DoorDash and Instacart to issue credit and debit cards and process payments, announced Thursday (Oct. Marqeta , the high-flying card issuing platform, is getting a financial boost from a longtime business partner, Mastercard.

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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).

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CB Insights

DECEMBER 12, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. In 2018, startups in the space raised more than $45B , a record amount, while Q3’19 fintech funding recently clocked in with a quarterly record of nearly $9B. GET THE 88-PAGE q3 2019 FINTECH TRENDS REPORT. in late 2014.

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PYMNTS

OCTOBER 20, 2017

20), Mastercard announced news that it will be opening up access to its blockchain technology through its developer’s API. Initially, the technology will be made available for B2B transactions, specifically to address the demands of cross-border payments. On Friday (Oct. Mastercard is not the only firm delving into blockchain.

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PYMNTS

JANUARY 14, 2020

The drafting of rules comes at a time when data privacy is being discussed and artificial intelligence (AI) and online banking technologies have revamped China’s financial services terrain “from processing payments to selling investment products.”. Global financial institutions are not profitable in China, and many have yet to break even.

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PYMNTS

MARCH 2, 2020

Cloud-native London FinTech startup Thought Machine has raised $83 million in a Series B funding round led by Draper Esprit, with participation from existing investors Lloyds Banking Group, IQ Capital, Backed and Playfair, Thought Machine announced on Monday (March 2).

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PYMNTS

JANUARY 25, 2021

Miami-based FinTech ClassWallet has grown its classroom expense management offering to help with the requirements of custodial and maintenance workers in primary and secondary schools, according to a Monday (Jan. 25) announcement.

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PYMNTS

JUNE 9, 2020

Nium , a financial technology platform, has become a Visa issuer in Australia as part of its membership in Visa’s FinTech Fast Track program. Nium said its technology and business relationship with Visa can “streamline and simplify” the issuing of credit cards and their use by digital wallets.

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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. Source: UBS.

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PYMNTS

MARCH 26, 2018

But the most recent research suggests entrepreneurs are also clear about what is helping them grow, and what they are looking for in terms of technology, professional support and beyond. The report highlights mainland China SMBs’ use of technology to grow, with 78 percent of Chinese entrepreneurs expecting their firms to grow this year.

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PYMNTS

JUNE 10, 2019

According to a report , the Chinese startup PingPong, a FinTech company, will invest €100 million ($113 million) in Luxembourg. The company was founded in 2014, and grew in Alibaba’s backyard – the city of Hangzhou. This will help companies complete their digital transformation and be more competitive abroad.”.

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Banking 4 Tomorrow

DECEMBER 24, 2014

2014 was the biggest year in FinTech by far with billions being invested globally, which is to be expected in a global growth sector. But how much was invested globally in FinTech this year? It depends on how you classify FinTech.

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PYMNTS

SEPTEMBER 24, 2020

FinTech company Greenlight Financial Technology , which makes products to help parents raise financially literate children, said Thursday (Sept. 24) it raised $215 million in Series C venture funding. The investment and its associated valuation put the company's total value in excess of $1.2 billion, according to a company blog post.

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PYMNTS

DECEMBER 5, 2019

It is also contemplating the purchase of other FinTech firms, the source said. Numerous consumer FinTechs have started offering bank accounts in the past year. Britt co-founded Chime in 2014 with Ryan King, who serves as chief technology officer. Chime’s account base is 6.5 million, up from 1 million last year.

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PYMNTS

AUGUST 8, 2018

According to FinTech Futures , the $9.5 million initiative will assist FinTech startups focused on helping lower and middle income people throughout India. Early-stage [FinTech firms], when provided with the right mentoring, insights and capital support, can have a huge and positive impact on the lives of many people.”.

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PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

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PYMNTS

AUGUST 12, 2016

In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we check out a small country with a huge potential to emerge as one of Europe’s premier FinTech spaces. The country’s GDP was approximately $880 billion in 2014. Before we jump into the post, here are a few quick facts about the Netherlands and its tech scene: .

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PYMNTS

JULY 19, 2019

self-driving company Cruise , $20 million in Mexico’s FinTech startup Clip and $1.1 SoftBank was originally founded in 1981 to publish computer and technology magazines , among other endeavors. Established in 2000, SoftBank has made a number of notable investments worldwide, including $1 billion in Germany’s Wirecard , $2.5

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PYMNTS

OCTOBER 20, 2020

The platform leverages 10x Future Technologies to give Westpac’s partners the ability to offer banking products and services. . As a disruptor of traditional credit, Afterpay was founded in 2014 to offer its customers interest-free installment plans for online purchases. The collaboration will enable Afterpay to offer its 3.3

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