Accenture

FEBRUARY 28, 2017

Contactless card transactions in the UK will rise to between 6bn – 9bn txns in 2017, and 20bn – 30bn txns across Europe (compared to my forecasts a year ago of 3bn txns for UK and 9bn txns for Europe for 2016). Faster Payments will process 1.65bn txns, 15% higher than 2016 (1.4bn txns). Use of Apple Pay, Samsung Pay etc.

Payments 150

Payments Bitcoin Samsung Fraud 150

Accenture

FEBRUARY 28, 2017

Contactless card transactions in the UK will rise to between 6bn – 9bn txns in 2017, and 20bn – 30bn txns across Europe (compared to my forecasts a year ago of 3bn txns for UK and 9bn txns for Europe for 2016). Faster Payments will process 1.65bn txns, 15% higher than 2016 (1.4bn txns). Use of Apple Pay, Samsung Pay etc.

Payments 150

Payments Bitcoin Samsung Fraud 150

PYMNTS

DECEMBER 14, 2016

13) it closed a $13 million round of funding led by Flint Capital, with participation from ff Venture Capital, Santander InnoVentures and Two Sigma Ventures, as well as other investors. In a press release, Socure said it will use the capital to scale operations, accommodating the 300 percent growth it has seen in 2016.

Fraud 100

Fraud Compliance Capital Leadership 100

Abrigo

FEBRUARY 3, 2020

Indeed, for many banks, over 40 percent of IT spending goes toward such expenses as data centers, servers, and networking equipment, according to a 2016 estimate by PwC’s financial services advisory group. . That leaves resources – in terms of both capital and staffing – available for other needs. Fraud Prevention. Learn More.

Resources 150

Resources Security Customer Experience Fraud 150

PYMNTS

MAY 9, 2016

Bank of America, Capital One, Wells Fargo, Chase and more published their findings — sometimes to contradicting conclusions. Chase reached some optimistic conclusions regarding how small business owners feel about the year ahead, while Capital One highlighted a 9 percent decline in SME optimism.

America 100

America National Capital Survey 100

PYMNTS

JUNE 15, 2018

In addition, corporate clients will be able to apply for working capital loans and make vendor and salary payments. In Africa, the biggest private bank in Kenya, CBA, has cemented a partnership with a FinTech there, Ennovative Capital, a Kenyan firm that licenses software to boost payments speeds.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

OCTOBER 17, 2019

million in a funding round that was led by Pangaea Ventures and Happiness Capital. According to recent PYMNTS research , illicit and counterfeit goods make up a multibillion-dollar fraud industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. Now, the company reportedly has raised $7.5

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

OCTOBER 17, 2019

million in a funding round that was led by Pangaea Ventures and Happiness Capital. According to recent PYMNTS research , illicit and counterfeit goods make up a multibillion-dollar fraud industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. Now, the company reportedly has raised $7.5

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

APRIL 2, 2019

The FCA said it saw evidence that Innovative Finance ISAs, which are used to shelter peer-to-peer loans from capital gains and income tax, were marketed along with cash ISAs even though they don’t give the same level of protection to consumers. They were released pending further investigations.

Capital 108

Capital Taxes Fraud Marketing 108

PYMNTS

OCTOBER 1, 2018

The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. The build-back from the revelations of 2016 was a bit more of a lengthy process. The SEC Finding. The Rundown on the Run-up to the Decisions.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

MARCH 16, 2018

regulators’ investigations into Wells Fargo ’s sales practices has expanded into the financial institution’s wealth management operations, according to news from The Wall Street Journal. He added that the financial institution aims to revive its capital levels to about 10 percent over the next two or three years, according to reports.

Management 101

Management Conference Regulation Report 101

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. I believe SEC regulations require a company to go public if they have more than 500 shareholders. I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40

PYMNTS

JANUARY 31, 2019

The con man pleaded guilty to misrepresenting his company in 2016, then later withdrew his plea and disappeared while on pre-trial release. They’re on the hook with regulators should something go wrong, after all. attorney Ryan Raybould. The stakes are high, Couture said.

Tennessee 108

Tennessee social media Fraud Guidelines 108

Fintech Labs Insights

DECEMBER 15, 2016

In a round led by Flint Capital, digital identity verification technology specialist Socure has raised $13 million in funding. Featuring participation from ff Venture Capital, Santander InnoVentures, and Two Sigma Ventures, this week’s investment takes Socure’s total financing to more than $17 million.

Capital 12

Capital New York Compliance Millennials 12

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Fraud prevention tools. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Source: Finix.

Online 98

Online Company Retail Payments 98

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40

PYMNTS

FEBRUARY 28, 2018

That includes anti-money laundering (AML) compliance, know your customer (KYC), fraud mitigation, marketing, privacy, document review, Office of Foreign Assets Control (OFAC) compliance, reporting and more. Jewel Paymentech extended one of its existing products, One Sentry Marketplace, in 2016 to help address these issues.

blockchain 100

blockchain System cryptocurrency Regional 100

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. And others disappear forever.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

APRIL 30, 2018

Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn. Take Goldman Sachs and Marcus.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Gonzobanker

JUNE 30, 2016

As the liability for fraud shifted in October 2015, it was a non-event with the exception of the largest financial institutions. EMV Connection reported that 600 million chip cards were issued by the end of 2015 and predicts that number will rise to 900 million by the end of 2016. And even if they did, would it make a difference?

Payments 97

Payments Cards United States Fraud 97

CB Insights

OCTOBER 26, 2020

In the US, legislation emerged to forbid investment banks from prop trading, or trading with their own capital, and forcing them to keep more capital on hand. This regulation reduced trading profits and created a need to cut costs, spurring investment banks to spin off unprofitable divisions or eliminate them entirely.

Management 78

Management Capital Company Marketing 78

Fintech Labs Insights

FEBRUARY 3, 2017

Many issues such as fraud, verification of true ownership, clearance of multi-party transactions and chain-of-events are easily solvable. At the beginning of 2016, there were an estimated 400+ fintech lenders in the U.S. .” Top Ten Fintech Predictions for 2017 – Crowdfund Insider.

Fintech 12

Fintech Bitcoin Trends Conference 12

Fintech Labs Insights

OCTOBER 16, 2016

Regulation. It’s been one year since EMV regulation in the United States was placed into effect. Though usage remains low, Mastercard reported this week that it has seen an overall decrease in fraud since the EMV change. Capital One integration with Amazon Echo. Sibos 2016 Celebrates the Blockchain.

Trends 12

Trends Fintech blockchain America 12

Gonzobanker

NOVEMBER 9, 2015

According to research firm eMarketer, there will be a 210% growth or $27 billion spend in mobile payments in 2016. There is currently more than $1 billion in venture capital investments into blockchain/bitcoin technology. And, to the oft-mentioned issue of them not being regulated like banks? The latest growth talk.

blockchain 60

blockchain Bitcoin Lending Innovation 60

CB Insights

OCTOBER 29, 2018

Instead, Autonomy’s purchase was written down as a $9B loss and in 2016 HP sold off their Autonomy assets. The company continued to struggle until 2016, when Nokia acquired the company. Nearly two decades after the acquisition, in 2016, Credit Suisse wrote-off $3.8B Google and Motorola. Date: August 15, 2011. Price: $12.5B.

Google 76

Google Software Innovation Company 76

PYMNTS

OCTOBER 25, 2019

The Federal Reserve Bank of Minneapolis’s Payments, Standards and Outreach Group published a report in 2016, “ U.S. Still, regulation will become an important part of supporting organizations’ AP automation journeys. to embrace eInvoice standards in an effort to achieve end-to-end efficiency in the U.S. payments system.

Minneapolis 101

Minneapolis System Payments Data 101

CB Insights

MARCH 6, 2019

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. Select investors : Amazon, Hummer Winblad Venture Partners, Bowman Capital Management LLC. Table of Contents. Powa Technologies. Wayback Machine.

Report 78

Report San Francisco Capital New York 78

PYMNTS

MARCH 31, 2017

The jury is also still out as to whether London will remain Europe’s banking capital. Fraud At Non-Bank ATMs : We all know that fraud of all stripes is on the rise. But at non-bank ATMs, fraud is on a stratospheric ascent. That might impact not just office space, but lending activities and even FinTech.

Samsung 100

Samsung ATM Massachusetts Fraud 100

CB Insights

MARCH 21, 2018

These include: Fraud detection and risk prevention: By moving insurance claims onto an immutable ledger, blockchain can help eliminate common sources of fraud in the insurance industry. Fraud Detection and Risk Prevention. The total cost of insurance fraud (not counting health insurance) in the US is estimated at $40B a year.

blockchain 78

blockchain Fraud Policies Industry 78

PYMNTS

FEBRUARY 13, 2018

Those sub-brands may need to make separate reports and must be able to show entity-specific data during audits to demonstrate that no single entity is encountering disproportionate financial issues or fraud risks.

Branding 103

Branding Payments Operations Resources 103

PYMNTS

JANUARY 31, 2017

Nearly half of hedge fund managers have been told by their prime brokers to implement active and optimal cash and treasury management processes, according to a 2016 E&Y survey, cited by Hazeltree. Today, however, Basel III regulations have introduced more stringent, complex cash management demands.

Strategy 100

Strategy Management Regulation Analytics 100

Fintech Labs Insights

NOVEMBER 18, 2015

For weeks we’ve been sifting through applications from companies vying to present their latest at FinovateEurope on 9 & 10 of February 2016. Featurespace’s ARIC Engine spots and prevents financial services fraud attacks in real time with its world-leading adaptive behavioral analytics.

Company 12

Company Comparison Customer Experience Management 12

Gonzobanker

DECEMBER 22, 2015

New Bank Positions That Will Be Busy in 2016. Regulator Award. August 2015: MCX announces it may push launch back to 2016. That, coupled with snail-slow merchant adoption and the explosive growth of card not present purchases, means it will be a while before we see material fraud benefits from EMV. No, MCX isn’t dead yet.

Community Bank 60

Community Bank Apple Community Technology 60

CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. Declared Bankruptcy: 2016.

Apple 78

Apple Branding Google Company 78

PYMNTS

DECEMBER 30, 2016

As for firms that sizzled in 2016, how about bank stocks, which helped propel U.S. The incoming Trump administration also is gunning for a rollback of many parts of Dodd-Frank, which should also free up capital on banks’ books. Bank Stocks. bourses to record levels? Consumer Spending & Employment. Online Lending.

Lending 122

Lending Data Course Cards 122

Fintech Labs Insights

AUGUST 16, 2016

Early this summer, we started reviewing applications from companies excited to present their latest fintech tools, technologies, APIs, platforms, case studies, and tutorials at FinDEVr Silicon Valley 2016. OCR Labs combats risk and fraud for banking, financial, insurance, telco and government through its OCR, FR and verification technology.

Analytics 12

Analytics Data Fintech Case Study 12

CB Insights

NOVEMBER 9, 2017

In this review of failure, we’ve looked in our venture capital database to find the most well-funded startup companies that ultimately failed or had an undesirable exit, such as an asset sale or an acquisition for less than the total funding raised by the company. The 101 Biggest Product Failures Of All Time. A most-wanted founder.

Capital 78

Capital Company San Francisco Operations 78