2017 Innovators to Watch: 44 Executives Shaping the Future of Banking
Bank Innovation
JUNE 12, 2017
2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.
2017 Capital Fintech Regulation 
Payment predictions for 2017
Accenture
FEBRUARY 28, 2017
Despite this, I can see clear trends through our work with clients and observation of industry developments, and based on these, I have developed a set of predictions for 2017. The Paym mobile real-time payment service will continue to grow at 200% – 300% per year and will see around 10m payments in 2017. External/Open APIs.
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Payment predictions for 2017
Accenture
FEBRUARY 28, 2017
Despite this, I can see clear trends through our work with clients and observation of industry developments, and based on these, I have developed a set of predictions for 2017. The Paym mobile real-time payment service will continue to grow at 200% – 300% per year and will see around 10m payments in 2017. External/Open APIs.
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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending
PYMNTS
JANUARY 7, 2019
Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties.
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ICC Says Regulation Limits Trade Finance
PYMNTS
MAY 29, 2019
Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant?
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Why P2P Could Soon Play A Leading Role In Middle East FinTech
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. More Focus on P2P Lending.
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Top Banks Keep Ahead Of FinTechs’ Competitive Threat
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.
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Bitcoin Daily: FinTech Outpaces Blockchain In 2018 VC Funds; Chainalysis Raises $30M For Expansion
PYMNTS
FEBRUARY 13, 2019
The company noted that it still needs to gain approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market, which issued regulations for crypto exchanges last summer. billion of venture capital invested in the sector across 2,304 deals, a 148 percent or 2.5 Bithumb has certainly been busy.
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128 What Industry Players Really Expect From 2017
PYMNTS
DECEMBER 30, 2016
Analysts continue to flesh out their predictions for payments and FinTech in 2017, but one can never truly know the exact direction an industry will take. 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.
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Instant Pay Startup Clair Notches $4.5M To Help Gig Workers
PYMNTS
OCTOBER 9, 2020
New York City-based FinTech startup Clair has raised $4.5 We are thrilled to be one of the only sources of free capital for America’s hourly and gig workers,” Nico Simko , co-founder and CEO of Clair, said in a statement on Friday (Oct. We are excited to back a social impact-driven FinTech with a sound business model.
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FinTech Has Yet To Make Impact On Trade Finance Gap
PYMNTS
SEPTEMBER 27, 2017
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. The survey polled more than 515 banks and 1,336 companies across 103 countries, finding that FinTech innovators can, indeed, help address the $1.5
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128 FinTech Partnerships With FI Marked By Global Scope
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.
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Tech Center: EU’s Capital City Grows Tech Reputation
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.
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GonzoBanker Awards 2017
Gonzobanker
DECEMBER 19, 2017
FinTech threats and distractions. Heavy-handed regulators. 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. Payments chaos. THE BANKING AWARDS.
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Square Tries To Create A Bank, Again
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.
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Can FinTech Walk The FinTalk?
PYMNTS
APRIL 30, 2018
According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. And in 2017, those investments were off-the-charts nuts. However, the reality behind the hype tells a different story.
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Corporate Treasurers On The Lookout For FinTech, PSD2 And Brexit
PYMNTS
MAY 22, 2018
At the top of the list, according to reports, is incoming FinTech disruption, legislation like PSD2, market shifts stemming from Brexit and more. Among the speakers was Graham Taylor, Vodafone’s assistant treasurer, who emphasized the potential for PSD2 regulations to have a profound impact on corporate cash management and payments.
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Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System
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
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135 Community Banks Aim To Amplify Competitive Edge With FinTechs
PYMNTS
JANUARY 9, 2018
INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs. In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs.
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131 Govt. Control And Trade Wars Hit Chinese Tech Firms
PYMNTS
NOVEMBER 14, 2018
Consider the fact, as Reuters did, that firms such as Alibaba roughly doubled in value in 2017 alone – a stock market ascent that seems quite a ways away, given the volatility that has marked the past several months and that has hit valuations by trillions of dollars. blocking of some tech-related acquisitions. They’re going bankrupt.”.
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Real-Time Payments’ Real-Time Achilles Heel
PYMNTS
JUNE 3, 2020
One particularly complicated B2B payment procedure is cross-border transactions, which face slow processing times and overlapping regulations from both the sending and receiving countries. Visa will be providing access to capital to find the projection, while Nium’s APIs will connect the card to issuing banks.
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Why The ICBA Is Fighting Industrial Loan Charters For FinTechs
PYMNTS
OCTOBER 17, 2017
An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.
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1M Users & Growing: 20+ Fintech Startups That Have Crossed The 1 Million Account Mark — And How They Got There
CB Insights
JULY 11, 2019
Today, there are over 20 fintech startups that have crossed the 1 million customer account mark, according to CB Insights data — including Acorns , Robinhood , SoFi , Coinbase , and Credit Karma , among others. oVER 20 Fintech startups with 1m+ customer accounts. fintech startups are Changing the consumer experience.
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In B2B Payments, Speed Is Only Part Of The Package
PYMNTS
DECEMBER 6, 2017
As the financial services industry takes a look back at 2017, a few milestones stand out: the progress of faster and instant payment initiatives. Collaboration between FinTechs and banks. A small business needs working capital, letters of credit, export insurance logistics, shipping insurance and credit protection.
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The ICBA 22/23 executive committee is all in
Independent Banker
MARCH 31, 2022
We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.
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239 Today In Data: Alt FIs Raise Funding, SMBs In The US And AI Gets Backing
PYMNTS
DECEMBER 15, 2017
Today in PYMNTS’ data, small- and medium-sized businesses (SMBs) have won the alternative financial venture capital (VC) funding rounds, millions of SMBs are in operation in the U.S. — PYMNTS asked each of the 30 experts how they would characterize 2017 and received 30 different responses — proving the answer is all about perspective.
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Logistics Firm Ups IPO Hopes To $930 Million
PYMNTS
SEPTEMBER 8, 2017
percent of the nation’s express delivery market in the first six months of 2017, reports said. Chinese companies, especially FinTechs, are beginning to turn to overseas public offerings to raise new capital, according to reports earlier this week. China isn’t only instituting tougher rules when it comes to FinTechs.
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Got $9M? Then You Can Get A Bank
PYMNTS
AUGUST 24, 2018
Well, for starters, as bankingtech.com reported this week, the bank was bought by Latvian FinTech entrepreneurs Marks Moskvins and Maksims Jarosevskis. The site Baltic-course.com noted that the two new co-owners put two million Euros in the bank to boost its capital position. million Euros in 2017, while the bottom line slipped 14.8
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101 Forecasting Fintech for 2017
Fintech Labs Insights
FEBRUARY 3, 2017
It takes more than just one crystal ball to discern which trends will drive fintech innovation in 2017. Banking ‘Disappears’ and Other Fintech Predictions for ’17 – American Banker. Banking ‘Disappears’ and Other Fintech Predictions for ’17 – American Banker.
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12 Why Lowering SMBs’ Barriers To The Bond Market Can Boost Investors, Too
PYMNTS
DECEMBER 19, 2018
For small- and medium-sized businesses (SMBs) in need of capital, bank loans are undoubtedly the first place they look. For smaller companies that have traditionally relied on bank loans, private equity and venture capital funding, it links them to another source of capital.
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Consortia Key To Blockchain’s Success, Says Deloitte
PYMNTS
DECEMBER 29, 2016
But for 2017, financial services continues to be the largest target of the technology. 2017 has the potential to be a banner year for blockchain in the financial services space,” Eric Piscini, a principal with Deloitte Consulting LLP and global blockchain leader for financial services, told PYMNTS.
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137 As Ant Financial Rises, So Does China
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. That would be up from 34 percent in 2017.
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PayPal (Maybe) Pulls Ahead Of The SMB Lending Pack
PYMNTS
APRIL 29, 2019
” Additional research examined the state of small business finance for Q1, revealing a healthy level of competition between traditional lenders and FinTechs like PayPal vying to capture more of the small business borrowing segment. middle-market in the recently released Golub Capital Altman Index. 4 spots, respectively).
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Watch 8 Fintech Startups Pitch at Innovate Finance Pitch360 Finals
Fintech Labs Insights
SEPTEMBER 21, 2020
The UK-based independent fintech industry group attracted 100 entries resulting in 22 finalists across 8 categories, 8 category winners and one overall champion. 200k 2015 $3M 2017 $12M 2020. Founded: 2017. Funding: $800k (Sep 2017). Making it easier to comply with global regulations. Founded: 2017.
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Blockchain Forces A New Conversation About The Trade Finance Shortage
PYMNTS
FEBRUARY 20, 2018
Regulators, banks, customs, shipping, logistics and FinTech companies need to work together to inform new regulatory, legal and technical standards.”. Separate analysis from the International Monetary Fund (IMF) released in 2017 highlighted that decline in correspondent banking. FinTech Steps In.
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100 Slump In China Investment In US Tech Continues
CB Insights
FEBRUARY 20, 2018
Earlier this year, US regulators blocked what would have been a massive $1.2B Fintech: 2017 Year-in-Review & 2018 Trends. In the briefing we’ll highlight 2017 trends and explore what’s ahead for fintech in 2018, looking across payments, wealth management, insurance, and more.
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What’s Fueling Innovators’ Global B2B Payments Focus
PYMNTS
OCTOBER 17, 2017
The cross-border payments space presents a whole host of challenges for FinTech innovators to try to solve, with new solutions targeting everything from global eCommerce to international tuition payments. The October 2017 X-Border Receivables Report , released last week, outlines just how vast the cross-border payments market is today.
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104 The Surprises Edition: Ethereum, PayPal And The Fed
PYMNTS
NOVEMBER 13, 2017
The issue specifically affects a multi-signature wallet that was issued after July 2017; any ICOs that used Ethereum after that data could be impacted. The Federal Reserve is taking a newfound interest in FinTechs – and the potential disruptions they may be bringing in their wake. The Fed’s New Digital Payments Outlook.
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108 Threats, Risk Coming At Businesses From All Sides
PYMNTS
JANUARY 23, 2017
Dabbling in FinTech innovation, expanding internationally, integrating digital systems — businesses must make progress, but they’re facing unfamiliar threats as they make these moves. Those challenges surpassed the 15 percent that said access to capital is their biggest challenge. And we’re not just talking about cyberattacks.
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Artificial Intelligence Takes On Risk Of Invoice Non-Payments
PYMNTS
MARCH 14, 2017
Late and non-payment is a global issue, with regulators in the U.K., For any company, holding onto capital is key to remaining successful on the global stage. APIs today have become a key way for FinTech companies to collaborate and share rich, high-quality data; for SMEs, that means less risk for financiers, too.
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136 To Improve Treasury Tech, Target The Developers
PYMNTS
MARCH 16, 2018
Certainly regulations like PSD2 and the U.K.’s But APIs can offer a different strategic advantage, especially to B2B FinTechs, according to A.J. Because APIs facilitate integration between two services, the technology allows FinTechs to innovate in their niche markets, rather than attempting to be a jack of all trades. “I
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134 Fed Chairman Concerned Over Shrinking Bank Market
PYMNTS
FEBRUARY 19, 2019
As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services. months in the first half of 2017. months in the first half of 2018, from 5.6
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108 8 Trends Shaping The Future Of Blockchain Technology
CB Insights
MAY 8, 2018
While the prices of cryptocurrencies and cryptoassets have fallen from their 2017 peaks, equity investment into blockchain startups is on pace to hit all-time highs in 2018. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. THE FUTURE OF BLOCKCHAIN TECH. Venture activity.
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Wealth Management In The Post-Covid World: Tech Is Reshaping How We Save And Invest Money
CB Insights
DECEMBER 15, 2020
As with numerous other industries, the Covid-19 crisis has propelled digitization in the space — with fintechs and financial services incumbents alike. Between 2017 and 2060, it’s expected that approximately $50T will change hands in what will be the largest aggregated transfer of wealth in history. Source: Deloitte.
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