Bank Innovation’s Picks for Top 5 Trends in Fintech in 2017
Bank Innovation
DECEMBER 19, 2017
EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech.
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Bank Innovation
DECEMBER 19, 2017
EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech.
Bank Innovation
JANUARY 2, 2017
The fintech world has been going through a sort of an IPO freeze recently. The headwinds created by certain fintechs this year (looking at you, LendingClub) didn’t help much either. Venture capital funding continued to fall in the third quarter, according to data from KPMG Enterprise and CB Insights.
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PYMNTS
JANUARY 25, 2021
German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Its most recent valuation was $3.5
PYMNTS
DECEMBER 18, 2020
This week showed investor interest in B2B FinTech companies in international markets, as a trade finance platform in India and a human resources (HR)/payroll cloud software firm in the U.K. The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. landed funding rounds.
Bank Innovation
NOVEMBER 13, 2017
EXCLUSIVE—Investors don’t need to wait for Initial Coin Offerings to reach their full potential: this way of raising capital is already redefining how businesses in certain markets can operate, Taynaah Reis, CEO for cooperative banking system company Moeda told Bank Innovation.
Bank Innovation
JUNE 12, 2017
2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.
PYMNTS
JANUARY 12, 2021
German food delivery platform Delivery Hero is launching its own early-stage venture capital (VC) firm — DX Ventures — that will be managed independently to focus on advancing founder-led startups. Delivery Hero operates in 50 countries in over 700 cities across Asia, Europe, Latin America, the Middle East and North Africa.
Bank Innovation
APRIL 21, 2017
Raising capital is a crucial step for any startup trying to build its way up the fintech ladder. However, when it comes to VC funding, the actual capital is the “least important part of the transaction,” according to Bruce Wallace, chief digital officer at Silicon Valley Bank. “I
Bank Innovation
JANUARY 25, 2017
More fintech is coming to Austin. The massive South by Southwest conference and festival features startups in a number of categories — transportation, augmented/virtual reality, and of course fintech — plus several others. The event is the 9th annual pitch session for SXSW’s accelerator.
PYMNTS
AUGUST 9, 2019
Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.
PYMNTS
SEPTEMBER 18, 2019
The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S. In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions.
PYMNTS
MARCH 2, 2018
Toward the start of 2018, analysts began to highlight the potential for venture capital (VC) to embrace the B2B business model. and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend.
PYMNTS
DECEMBER 11, 2019
10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. But that’s not all. “We
PYMNTS
MAY 14, 2018
Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. The Geru bonds, which the company issued in December of 2017, have a four-year maturity and pay about 11.2 percent each year, noted the report.
Bank Innovation
SEPTEMBER 27, 2017
Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? What is the state of banking innovation today? Each year, we poll the industry to find out.
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
Bank Innovation
JUNE 8, 2018
Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. What is the state of banking innovation today? Each year, we poll the industry to find out. This year, the pressure for banks to innovate is high, as banks no longer […].
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.
PYMNTS
MAY 29, 2018
Global Fashion Group, which operates fashion Websites in Russia, Latin America, and Southeast Asia, took a hit because of a decline in the Russian rouble and the Brazilian real. Rocket CEO Samwer did note that Jumia, which is still losing money, may need to raise capital during the next two years.
PYMNTS
MARCH 26, 2019
In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. But there is evidence that investors’ appetite for alternative lending startups is on the wane, even as overall FinTech funding continues to climb — and as the success of the alternative lending market grows, too.
PYMNTS
DECEMBER 28, 2018
One of the biggest shifts in banking that FinTech newcomers ushered into the market is the demand among customers for advisory services. What some financial institutions have come to realize is that collaborating with FinTechs can enable them to offer cutting-edge solutions while reserving resources to invest in meeting those advisory needs.
CB Insights
OCTOBER 21, 2018
CB Insights unveiled the second annual Fintech 250 — a list of 250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. THE FINTECH 250 STORY. CB Insights clients can view the full Fintech 250 story by clicking the button below. Please click to enlarge.
PYMNTS
MARCH 13, 2019
But mobile devices are an increasingly important part of a small business’ financial management strategy, adding another channel on which banks and FinTechs must innovate to disrupt and improve SMB finances. One of the biggest impacts of mobile-based services will be the shift from weekly or monthly processes to operating in real time.
Gonzobanker
DECEMBER 19, 2017
FinTech threats and distractions. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Oh, by the way, that Fintech darling of two years ago Lending Club?
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 World Bank ranked Belgium as the seventeenth best country in which to do business in 2017, out of 190 regions. The region is also home to an active and fast-growing startup scene.
PYMNTS
DECEMBER 9, 2016
For startups, 2016 wasn’t the best year in venture capital. Analysts say that investors’ wallets could be opening up as we enter 2017, though. Read up on our latest B2B venture capital breakdown below and decide for yourself whether this week was a boon or a bust. and the U.S. round out the rest of the investment activity.
CB Insights
APRIL 2, 2019
At the beginning of 2018, there were 25 VC-backed fintech unicorns around the world, worth a cumulative total of almost $76B. GET THE 106-PAGE FINTECH TRENDS REPORT. Only 3 fintech companies went public in 2018. Read about the data behind this trend and more in our Fintech Trends Report.
Bank Innovation
MARCH 1, 2019
Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor. This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac.
PYMNTS
DECEMBER 19, 2018
San Francisco-based FinTech company Square, known for its white card readers, has once again decided to become a banking establishment, according to a report in The Wall Street Journal. The company had previously asked to start a bank in September of 2017, but eventually withdrew from the process over procedural issues.
PYMNTS
JANUARY 17, 2019
Goldman Sachs Private Capital provided the credit facility that will be used to promote Capify ‘s growth across Australia and the U.K., ” In another statement, Goldman Sachs Private Capital Executive Director Pankaj Soni described Capify as “one of the leading small business finance providers in the U.K.
PYMNTS
APRIL 14, 2017
venture capital space: Data released this week from KPMG found $17.3 billion worth of venture capital (VC) funding landing at U.S. startups in the first quarter of 2017. “It held a strong presence in B2B FinTech venture capital — half of the eight funding rounds closed in this space this week went to U.S.
PYMNTS
JANUARY 12, 2021
Plus, Delivery Hero is launching an early-stage venture capital (VC) firm. It also has a California office, which opened in 2017, and has plans for a Colorado office. Germany’s Delivery Hero Introduces Its Own Venture Capital Fund. Checkout.com Closes $450 Million Series C For $15 Billion Valuation. Checkout.com, a U.K.-based
PYMNTS
JANUARY 15, 2019
million for the company, marking one of the biggest investment rounds for a FinTech company in Northern England. Based in Manchester, AccessPay provides a digital platform for payments, cash management and treasury operations by integrating businesses’ back-end operations with their banks. In 2017, it co-led a $15.2
PYMNTS
MARCH 31, 2019
FinTech companies that offer new technology to help move cash and funds across borders are becoming increasingly popular and disruptive to traditional banking institutions. The last time TransferWise had a fundraising round was 2017, when it had a valuation of $1.6 TransferWise showed an operating profit of 9.5
PYMNTS
JANUARY 24, 2019
Singapore-based FinTech startup Credit Culture has secured $29.4 million in funding from RCE Capital Berhad, a Malaysian investment holding company, according to reports. Credit Culture, which was started by former bankers, is going to use the money to grow its operational abilities. million in funding for FinTechs at the time.
PYMNTS
JANUARY 21, 2020
The startup said this was the largest funding round ever for a French FinTech. Qonto is operational in Spain, France, Italy and Germany, and handled €10 billion ($11.08 It also plans to hire more employees with the capital. Qonto launched its corporate digital banking solution in 2017.
Bank Innovation
JANUARY 27, 2017
Don’t miss your chance to secure your spot at Bank Innovation 2017 for the lowest available rate, and join attendees from companies already registered, such as: BBVA Braintree Capital One JPMorgan Chase Mastercard Rabobank Concentrix Silicon Valley Bank TD Bank U.S.
PYMNTS
AUGUST 5, 2020
Vijay Oddiraju , co-founder and CEO of Volante, said the company’s goal was to “help financial institutions by providing modern solutions to simplify the complexity of their operations and accelerate business outcomes, from capital markets to custody to transaction banking.”
Bank Innovation
DECEMBER 6, 2016
Fiserv, a leading banking technology company, has signed on as the headline Diamond sponsor of Bank Innovation 2017. Bank Innovation 2017 is this blog’s annual gathering on ideas and opportunities in fintech.
PYMNTS
JANUARY 26, 2017
In this week’s Tech Center tracker, we take a look at how Dubai is giving FinTech hubs around the world a run for their money. The city is able to attract investors due to its low logistical and operational costs and excellent infrastructure, international outlook and liberal government policies. FinTech Hive Generates Buzz.
PYMNTS
MARCH 1, 2017
SME alternative lender BlueVine announced its newest venture capital financing Tuesday (Feb. The company revealed a $75 million warehouse credit line for its SME working capital financing operations. 28) thanks to Fortress Credit Corp.
PYMNTS
JANUARY 14, 2021
Prior to his appointment as global head of TTS, Khaliq served as head of operations and technology for TTS. Before taking that role, Khaliq had served as global head of Direct Custody & Clearing inside of Markets and Securities Services since 2017. Medius and Pagero Team on Digital Invoice Management.
PYMNTS
FEBRUARY 24, 2020
These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible. Growth encouraged the media company to switch to automated processes.
PYMNTS
SEPTEMBER 19, 2018
A robotics process automation (RPA) startup has just secured a $3 billion valuation as B2B FinTech continues to explore how the technology will disrupt the market. 18) said CapitalG and Sequoia Capital led the $225 million Series C round for UiPath. A press release issued Tuesday (Sept.
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