Bank Innovation

FEBRUARY 16, 2016

2015, CEO Francisco Gonzalez said, “Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. BBVA has a lot more going on than Simple, cool as that acquisition was. I disagree. What is more, Read More.

Branding 170

Branding Google Regulation Capital 170

PYMNTS

JULY 22, 2016

It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., million in B2B venture capital was divided among alt-finance, supplier payments and Big Data services startups this past week. million for alt-lenders this week. Alternative Lending.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

JUNE 17, 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.

Google 142

Google National Fintech Regulation 142

PYMNTS

MARCH 1, 2020

Accolade capitalizes on machine learning, artificial intelligence (AI) and mobile apps to enable members to easily traverse their health care benefits. Investors include Andreessen Horowitz, Carrick Capital Partners, Madrona Venture Group and McKesson Ventures, among others. . Washington state could become a leader in AI regulation.

Mobile 165

Mobile Philadelphia Seattle Washington 165

PYMNTS

FEBRUARY 10, 2017

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016). The region is also home to an active and fast-growing startup scene.

Capital 100

Capital Regional Innovation Fintech 100

Celent Banking

OCTOBER 17, 2016

I’ve finally recovered from a hectic week in Geneva, where I met with over 40 banks, technology companies, and consulting firms to discuss what’s happening in global transaction banking. The fall conference season is a business time for us in the industry research business.

blockchain 100

blockchain Conference Compliance Technology 100

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Store Front Business Index: Main Street USA, A-OK? Are SMBs Ready For EMV?

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

JUNE 24, 2020

Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based million) from new and existing investors in two funding rounds since applying for the banking license in 2016, and it added several former banking executives to create a board. Capital One was one of the earlier disrupters,” Janardana said.

Security 215

Security Capital Cards Report 215

Accenture

FEBRUARY 28, 2017

The payments landscape is changing fast due to new disruptive technologies such as open APIs, distributed ledger technology, cloud, Apple/Samsung/…Pay, and customers’ expectations are changing for seamless and faster payments. Faster Payments will process 1.65bn txns, 15% higher than 2016 (1.4bn txns). External/Open APIs.

Payments 150

Payments Bitcoin Samsung Fraud 150

Accenture

FEBRUARY 28, 2017

The payments landscape is changing fast due to new disruptive technologies such as open APIs, distributed ledger technology, cloud, Apple/Samsung/…Pay, and customers’ expectations are changing for seamless and faster payments. Faster Payments will process 1.65bn txns, 15% higher than 2016 (1.4bn txns). External/Open APIs.

Payments 150

Payments Bitcoin Samsung Fraud 150

PYMNTS

OCTOBER 6, 2020

FinTech across the Middle East is also set to grow at a compounded annual growth rate of 30 percent, and expected to raise over $2 billion in venture capital funding by 2020.". The new risks and heavier use of remittance systems have also led to rapid changes in regulations.

Fintech 174

Fintech Regional Fraud Meeting 174

CB Insights

MAY 8, 2018

Even as the media storm around the sector has calmed, regulators are acting more aggressively and decisively, issuing subpoenas to bad actors and providing guidance to good ones. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. THE FUTURE OF BLOCKCHAIN TECH.

blockchain 75

blockchain Trends Technology cryptocurrency 75

Chris Skinner

FEBRUARY 8, 2017

Innovate Finance, which represents 300 UK fintech companies, says venture capital investment fell from $1.2bn (£970m) in 2015, to $783m last year. Around 35 Innovate Finance members have reported a withdrawal or reduction in capital funding since the referendum, says Mr Wintermeyer.

Fintech 150

Fintech Capital Innovation US 150

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. from 2016 until its sale in 2018. Location: Fort Lauderdale, Fla. Keith Costello, Locality Bank. “We

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

DECEMBER 30, 2016

Executives from Payoneer, NCR, FTV Capital and Ingo Money touch upon all of these trends as they tell PYMNTS their own visions for B2B payments next year. The globalization of B2B transactions is therefore a trend that will only continue to increase as eCommerce technology advances.”. Find out what they had to say below.

Industry 125

Industry Trends Capital Payments 125

Cisco

DECEMBER 13, 2022

There is pressure from shareholders, consumers, employees, and regulators for organizations to move towards a more sustainable future, and to set ambitious greenhouse gas (GHG) emissions reduction goals. Many FIs are developing sustainability strategies which rely significantly on technology for operational transformation.

Industry 140

Industry San Jose New York City Resources 140

Abrigo

FEBRUARY 3, 2020

Key Takeaways At many financial institutions, a substantial share of the IT budget is tied up in technology infrastructure and maintenance and cannot be used for new initiatives. Technology spending priorities. Banks spend about 7 percent of revenues on information technology, the report’s authors estimate.

Resources 150

Resources Security Customer Experience Fraud 150

PYMNTS

NOVEMBER 13, 2017

Luckily, research from Bank of America, Wells Fargo, Capital One and others often point to one thing: Despite the challenges, small businesses are optimistic. Bank of America also found in a fall 2017 survey that nearly three-quarters of SMBs expect their 2017 year-end revenues to beat 2016’s figures. Eighty-one percent of U.S.

Taxes 105

Taxes Survey Capital America 105

PYMNTS

DECEMBER 14, 2016

Socure, a digital identity verification technology company, announced Tuesday (Dec. 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.

Fraud 100

Fraud Compliance Capital Leadership 100

PYMNTS

JUNE 15, 2018

The cost of technology has lessened, though, opening the door for SMEs to bring bits and bytes to supply chains – lessening reliance on manual processes and invoices of the paper kind, thus eliminating errors. In addition, corporate clients will be able to apply for working capital loans and make vendor and salary payments.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

MARCH 5, 2018

This new round of capital will help us further our mission of connecting communities around the world through last-mile delivery,” CEO Tony Xu said. SoftBank Group led the round, along with participation from GIC, Wellcome Trust and Sequoia Capital. Food delivery is just the first chapter.

Regulation 108

Regulation Data Regional America 108

PYMNTS

JANUARY 4, 2019

In 2016, it was lower and companies only saw $4.3 That number is down from the $988 million raised in 380 rounds in 2017 and the $1 billion in 430 rounds raised in 2016. Innovative startups working on emerging technologies, such as AI, require patient capital,” he said. billion in funding – the most ever.

Company 162

Company Taxes Innovation Capital 162

PYMNTS

JUNE 8, 2018

The recent $14 billion worth of fresh capital for Ant Financial — the China-based firm that is now the most valuable privately held tech firm in the world, ahead of Uber — comes amid fresh fears among some banking professionals in the West that China is passing them by. trillion worth of payments in 2016. Here comes China.

New York 108

New York social media United States Comparison 108

PYMNTS

AUGUST 2, 2016

1) said micro, small and medium-sized enterprise (MSME) lending will help fuel growth in the global peer-to-peer lending space between 2016 and 2020. “These lead to a belief that technology may create more such products in the future,” added Technavio in its announcement. ”

Lending 100

Lending Capital Management Analytics 100

Abrigo

DECEMBER 15, 2016

This trend of focusing on commercial lending for portfolio growth seems to be gaining, as reflected in a 2016 poll by Sageworks where 42 percent of respondents said they would be focused on CRE lending for portfolio growth in 2017, while 39 percent said C&I would be the core of their growth strategy. Small businesses in the U.S.

Lending 150

Lending Millennials Study Survey 150

Celent Banking

MARCH 30, 2016

As I prepared for the webinar, I thought back to my first exposure to commercial lending when I worked for a large regional bank and I recalled the 4C’s of commercial lending from credit training: character, capacity, capital and collateral. Cost of compliance. Competition from new entrants.

Lending 100

Lending Compliance Training Capital 100

PYMNTS

OCTOBER 17, 2019

But where there are problems lie opportunities – and that’s the story with a company called TruTag Technologies. million in a funding round that was led by Pangaea Ventures and Happiness Capital. The value of fake and counterfeit products went from $461 billion in 2013 to $509 billion in 2016. That’s an increase of 3.3

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

OCTOBER 17, 2019

But where there are problems lie opportunities – and that’s the story with a company called TruTag Technologies. million in a funding round that was led by Pangaea Ventures and Happiness Capital. The value of fake and counterfeit products went from $461 billion in 2013 to $509 billion in 2016. That’s an increase of 3.3

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

SEPTEMBER 27, 2017

It’s a popular hotbed of innovation for FinTechs and, according to the September 2017 Asian Development Bank (ADB) report on the topic, FinTech investment in trade finance saw more than $13 billion in venture capital in 2016 alone. Nearly two-thirds, meanwhile, said only FinTech-based finance was used.

Fintech 128

Fintech Survey Lending United States 128

PYMNTS

AUGUST 1, 2018

The report called on Congress to establish a national commission to conduct a comprehensive review of existing financial laws and regulations, and establish a pilot program to test the efficacy of coordinated bank examination teams. It is critical that we respond to the needs and concerns of Main Street America,” said Snowe in a statement.

Policies 100

Policies Report Regulation Maine 100

PYMNTS

APRIL 16, 2019

The overhaul was put forth by the European Commission in November of 2016, and it mandates the amount of cash a bank has to put aside to be able to absorb losses. It also introduces updated requirements, in line with post ‘07-’09 financial crisis levels, for liquidity and capital.

System 116

System Taxes Regional Google 116

PYMNTS

SEPTEMBER 15, 2016

The latest report from KPMG’s Pulse of Fintech , released quarterly, found a substantial decline in FinTech investments by venture capitalists in Q2 2016, causing some concern that the space has lost its luster. Sapphire Ventures is one venture capital firm with a heavy hand in this space. And it’s about to get heavier.

Fintech 100

Fintech Capital Security Company 100

PYMNTS

JANUARY 31, 2018

The publication noted blockchain’s “talismanic effect in today’s stock market” and investors’ heightened appetite to “capitalize on the popularity of currencies like bitcoin and Ethereum” as other reasons to take Kodak’s latest venture with a bit of healthy skepticism. Broader Doubts Emerge. Possible) Scammers Emerge.

blockchain 124

blockchain Bitcoin cryptocurrency New York 124

PYMNTS

DECEMBER 29, 2016

Deloitte has been an early embracer of blockchain technology, and 2016 was a busy year for the consulting firm in the space. firm that uses distributed ledger technology for payments and settlement. This diversity may be a testament to the versatility of the technology,” Managing Director David Schatsky said in a statement.

blockchain 137

blockchain Metro Technology Survey 137

CFPB Monitor

AUGUST 1, 2022

The CFPB announced last week that it has entered into a settlement with Hyundai Capital America (Hyundai) to resolve alleged violations of the Fair Credit Reporting Act and Regulation V arising from Hyundai’s reporting of information on vehicle retail installment contracts and leases to consumer reporting agencies (CRAs) from 2016 to 2020.

Policies 78

Policies Report System Regulation 78

PYMNTS

DECEMBER 7, 2016

Sage is gearing up for a busy year ahead after showing a favorable financial performance for FY 2016 and announcing plans to make some strategic investments in 2017. 6) that it is rolling out Clic&Cash, a way for Sage’s SME users to access working capital financing. The firm revealed Tuesday (Dec. ”

Software 100

Software Lending Analysis Capital 100

PYMNTS

NOVEMBER 23, 2017

As part of the new law that has “legalized” Bitcoin in Japan, the nation’s Financial Services Agency has put capital requirements — along with cybersecurity and operational stipulations — in place for Bitcoin exchange. It has joined with the European Central Bank to look at distributed ledger technology such as blockchain. Russia, U.K.

Bitcoin 101

Bitcoin cryptocurrency blockchain Training 101