Bank Innovation

DECEMBER 23, 2016

Harit Talwar, Marcus Goldman Sachs has long been known as an enthusiastic investor in fintech (or just tech) startups, with companies like Circle, Cadre, Financeit, Oscar and even Uber. But this year, the company shifted from being a mere investor to joining the fray as a fintech player, announcing Read More.

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Innovation Fintech Company Operations 305

Bank Innovation

FEBRUARY 24, 2016

After a difficult deliberation, 10 early-stage fintech companies were selected by a team of judges to compete in this year’s DEMOvation Challenge, to take place in Seattle on March 1. Many applied, few were chosen.

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Innovation Seattle Fintech Company 150

PYMNTS

DECEMBER 28, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Capitulation . The year 2016 was the year of capitulation by FinTechs to the traditional banking industry.

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Payments eBook Fintech Regulation 128

PYMNTS

SEPTEMBER 19, 2019

percent stake in the German-based FinTech Deposit Solutions, according to a Deutsche Bank press release on Thursday (Sept. “We have been investing in our capabilities to operate as a digital platform for a considerable length of time,” Karl von Rohr, president of Deutsche Bank , said in the release. in the coming months.

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Fintech Analysis Operations Technology 188

Insights on Business

NOVEMBER 29, 2018

Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. In 2016, the IBM Institute for Business Value teamed up with the Economist Intelligence Unit to interview global bankers. Drivers for Operational Innovation.

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PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. There are signs, too, that commercial banks have been using FinTech credit innovations to boost their own efficiencies.

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Fintech Lending United States Regulation 172

Bank Innovation

APRIL 17, 2017

And, according to the 2016 edition of PwC’s Employee Financial Wellness Survey , financial stress is on the rise, with Millennial’s typically in worse shape with regards to their personal finances than previous generations.

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Fintech Innovation Survey US 268

Bank Innovation

AUGUST 24, 2016

Y Combinator President Sam Altman knows fintech — he helped Green Dot build GoBank, after all. So when only two fintech startups made it to the stage yesterday at Day 1 of its Summer Demo Day(s) 2016, we took notice. But today 10 of the 48 demoing companies are fintech-focused, Read More.

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Fintech Company social media Operations 150

Bank Innovation

JANUARY 11, 2017

The transportation sector enjoyed VC spotlight throughout 2016, while the fintech sector was left in the shadow, according to Global Innovation Investment Report release by Crunchbase. When it comes to venture funding, the grass is (sometimes) greener in the other sector.

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Fintech Innovation Report Operations 150

Bank Innovation

DECEMBER 23, 2016

Tom Blomfield, Monzo In this age of fintech-rules-it-all, nobody (hopefully) needs an explainer on what a neobank is. specifically has been an epicenter of the mobile-first banks, with Atom Bank, Starling Bank, Tandem Bank and Monzo as the main players. So why single out Monzo? Well, customer retention Read More.

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Innovation Maine Mobile Fintech 231

PYMNTS

NOVEMBER 1, 2018

The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. Instead, as PYMNTS has regularly reported, the situation is much less black-and-white than the article suggests.

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Fintech UX Mobile FDIC 191

PYMNTS

SEPTEMBER 27, 2017

Trade finance revenue is slipping at the world’s largest banks, especially as companies struggle in a global trade environment operating with a $1.5 The FinTech space is hoping to address these challenges head-on, targeting the paper and manual-based processes of trade finance transactions though innovations like blockchain.

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Fintech Survey Lending United States 128

PYMNTS

OCTOBER 24, 2019

Lights out for the FinTech charter idea? The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would have given FinTechs a leg up on competing with traditional financial services companies. Of course there are ways for FinTechs to broaden their services. As reported , the U.S.

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Fintech FDIC New York National 101

PYMNTS

JUNE 24, 2020

Visa and the Dutch FinTech TerraPay said they plan to develop and deliver “payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances.”. That’s up from $601 billion in 2016. “Interoperability is key to a digitally connected payments ecosystem.”. .”

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Payments Fintech Course Operations 243

PYMNTS

FEBRUARY 10, 2020

Digital payments FinTech startup Sezzle announced on Monday (Feb. Founded in 2016 and headquartered in Minneapolis, Sezzle’s buy now, pay later (BNPL) payments platform is in the U.S. “One million active users is a huge operational achievement, and a testament to the value our users see in our product.

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Fintech Minneapolis social media Retail 130

PYMNTS

DECEMBER 30, 2016

FinTech is no stranger to this pattern, and while venture capital levels have seemed to dwindled in certain markets (analysts found VC funding down by 29 percent in 2016 compared to last year), B2B startups remain the apple of many investors’ eyes. India saw a particularly lucrative year.

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Capital National Resources Apple 124

PYMNTS

DECEMBER 11, 2018

Data is everywhere, and amid headlines trumpeting collaboration between FinTech and traditional FIs, there are indeed some possible stumbling blocks about who has access to what when it comes to consumers. s High Street banks have been banding together to oppose FinTech efforts in India to collect customer data. billion valuation.

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Fintech Data New Jersey Guidelines 139

PYMNTS

MARCH 13, 2019

Tencent also operates WeChat, the wildly popular messaging app. At the time Naspers said proceeds would go toward growth opportunities in global classified, online food delivery and FinTech. The FinTech market is attractive to investors because the financial industry has long been in need of disruptions. percent from 33.2

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Fintech Capital Online Financial Technology 123

Bank Innovation

MARCH 24, 2016

Y Combinator’s Winter 2016 Demo Days just wrapped up, with 159 startups taking the stage and making their play for funding. Just under 10% of the companies — 15 to be exact — were fintech-related. This is about average for a YC incubator class, with the 26% from Summer 2015 being an Read More.

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Fintech Meeting Company social media 150

PYMNTS

AUGUST 10, 2018

Singapore’s FinTech scene is booming: Funding for the burgeoning sector in the island country topped nearly a billion dollars in 2017, reaching $983.6 million in funding for FinTechs at the time. Singapore overtook Hong Kong in FinTech funding in 2016. million that year. Hong Kong, by comparison, saw $596.8

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Fintech Marketing Comparison Innovation 107

PYMNTS

FEBRUARY 20, 2018

It doesn’t look like global banking regulators will be rushing to change their rules for FinTechs anytime soon. According to Reuters , traditional banks will feel the impact if FinTechs start offering services such as payments, crowdfunding, mobile banks and online trading. In fact, Britain’s Financial Conduct Authority and the U.S.

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Regulation Fintech Training Innovation 101

Bank Innovation

APRIL 14, 2017

According to the investment bank Berkery Noyes, there were 870 financial technology and information industry M&A transactions from the beginning of 2015 through to the end of 2016. The […].

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Fintech Financial Technology Technology Industry 210

PYMNTS

JANUARY 17, 2019

Goldman Sachs as FinTech player? Call it FinTech for the masses, done with higher rates on savings than might be seen elsewhere, and where those rates are going higher by several basis points, starting, well … now. The digital age is upon us, though, and the bank is proving nimbler than perhaps some might think. and the U.K.,

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Strategy Fintech US Management 185

Bank Innovation

FEBRUARY 23, 2016

We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More. When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does.

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Branding Innovation Fintech social media 150

Bank Innovation

APRIL 15, 2016

FinTech is changing the nature of finance and money. Thus it’s no surprise that Innovate Finance, a phenomenon at the very heart of the UK fintech scene, gathered the most exquisite luminaries from Read More. Today Breaking Banks hails the world from the Innovate Finance Global Summit in London, where Liz Lumley hosts.

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PYMNTS

DECEMBER 30, 2016

2016 started off with a bang in the retail world when MPD and PYMNTS uncovered a few discrepancies in the retail data that many major retailers and reporting institutions were using to underestimate the impact of digital sales on brick-and-mortar sales. “In A Retail Data Reporting Error Was Uncovered. Happy New Year!

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PYMNTS

DECEMBER 26, 2016

There are just five more days until we can leave 2016 behind for good. As 2016 becomes history, we should take special care not to forget it — lest we have to hear about being doomed to repeat it (there’s always that one person). If there’s one thing that’s for certain, 2016 showed us that the gig economy is here to stay.

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Fraud US Data Payments 110

CFPB Monitor

FEBRUARY 13, 2017

However, like the FTC’s letters on its 2014 and 2015 ECOA activities, the letter on 2016 activities does not describe any 2016 FTC ECOA enforcement activity and only contains information about the FTC’s research and policy development efforts and educational initiatives. Fintech forum. Big data report.

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Report Big Data Lending Survey 68

PYMNTS

FEBRUARY 6, 2017

It’s earnings report season once again, and this week, we’re examining all of the data released by B2B FinTechs on their quarterly and annual reports. The company released its 2016 results last week and reported a 3.6 percent in 2016, Basware added, while the year also saw its highest transaction volume, recording 10.4

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Bank Innovation

APRIL 28, 2016

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class.

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Innovation Security Fintech Company 150

PYMNTS

FEBRUARY 2, 2017

In this week’s Tech Center tracker, Facebook gives the French tech ecosystem a big boost of support, Canada’s FinTechs reach record high investments and young entrepreneurs in Gaza catch the eye of Silicon Valley. FinTechs In Canada Aim High. million in 2016. Reuters reported investments in FinTech in the U.S.

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Fintech Groups Regional Innovation 100

PYMNTS

JANUARY 11, 2018

The report noted no correlation between banks’ implantation of digitized solutions in their trade finance operations and rejection rates of providing trade finance to businesses. percent in 2016. That means a slowdown in trade finance operations – and economic struggles aren’t the only factor behind this trend. ”

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Fintech Lending Trends Operations 126

PYMNTS

MAY 16, 2018

PayPal is partnering with Alpha JWC , the Indonesian venture capital firm, to invest in FinTech companies operating out of Southeast Asia. The program is aiming to provide funding for several startup FinTech companies in Singapore, Vietnam, the Philippines and Thailand.

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San Jose Fintech New York Conference 103

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.

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Google National Fintech Regulation 142

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?

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Trends Retail Fraud Mobile 100

Bank Innovation

JANUARY 12, 2017

Everything that happened in fintech this week in the U.K. Funding Circle raised $100 million for its peer-to-peer lending platform AND notched record lending activity in the final quarter of 2016 — AND pushed its U.K. operation into profitability. is just plain wrong. Oh, the indignity of it. Read More.

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Lending Fintech Operations Online 150

PYMNTS

JULY 4, 2016

Last month, MasterCard announced 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.

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