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.
FinTech: $6.5 billion invested in first half of 2017
Chris Skinner
JULY 26, 2017
Innovate Finance has just published their report on the first half of 2017, and the investments made in FinTech. Global VC FinTech investment attracts $6.5 Billion in H1 2017 –with UK investment up 37% reveals Innovate Finance H1 2017 saw 787 deals globally, attracting $6.5 Global VC FinTech investment attracts $6.5
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Breaking Banks: Fintech Finals 2017
Bank Innovation
FEBRUARY 14, 2017
In this episode of Breaking Banks, host Brett King explores the growing landscape of Chinese and Indian fintech–in between keynoting at the 2017 NextMoney Fintech Finals in Hong Kong.
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186 10 Most Innovative CEOs in Banking 2017
Bank Innovation
SEPTEMBER 27, 2017
Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […]. 2017 has been a […].
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Online Lending To Small Business Increases 50 Percent Between 2015 And 2017
PYMNTS
JUNE 1, 2018
Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based billion in 2017 from $2.6 The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S.
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Fintech Is Back
Bank Innovation
MARCH 7, 2018
EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.
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South Korea FinTech Gets Initial Approval For Online Bank
PYMNTS
DECEMBER 16, 2019
South Korean FinTech startup Viva Republica , creator of the financial services platform Toss, was granted preliminary approval for a digital banking license from the Financial Services Commission of Korea , a Monday (Dec. Since its launch in 2015, Toss has become the only FinTech unicorn in Korea. 16) press release indicated.
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131 Chinese and Indian Fintech: An Unexpected Partnership
Bank Innovation
SEPTEMBER 1, 2017
India may overtake China as the world’s leader in fintech service adoption, according to a report released by Ernst & young, entitled EY FinTech Adoption Index 2017.
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11 Ways Fintech and Banking Will Change in 2017 Page 3
Bank Innovation
DECEMBER 10, 2016
“The use of Artificial Intelligence to anticipate the customer’s needs will be an area of growth not only in 2017 but throughout the foreseeable future. AI Anticipates Customer Needs Andy Hernandez, Head of eBusiness, Regions Financial Corp. Simply put, we want to break down barriers for customers by consistently Read More.
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Americans Feel Positive About Fintechs, But Still Won’t Leave Their Banks
Bank Innovation
OCTOBER 11, 2017
A majority of American consumers want to do their banking online, and think that physical financial institutions are moving to their end as well as agree that larger banks don’t innovate fast enough for new customer needs. But, that majority still won’t leave their bank for a younger fintech model, according to the 2017 Annual […].
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11 Ways Fintech and Banking Will Change in 2017 Page 2
Bank Innovation
DECEMBER 10, 2016
Consolidation, and Winners Emerging Brew Johnson and Brett Crosby, Cofounders, PeerStreet Brew: “I think the biggest trends will be consolidation in the marketplace lending and crowdfunding space, and increased partnerships/collaboration between banks and fintech companies.”
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5 Fintechs To Watch From the Startup Alley
Bank Innovation
MAY 17, 2017
In a mood for some fintech inspiration? At the TechCrunch Disrupt 2017 event, currently taking place in New York, Bank Innovation came across a gauntlet of bright, shiny new fintechs. Here are five of our favorites: Spendwallet While major banks are busy building NFC-enabled digital wallets, this fintech […].
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Bitcoin Joins American Express and PayPal on 2017 List of Social Media Darlings
Bank Innovation
JANUARY 24, 2018
American Express is the “most-loved” financial service on social media in 2017, according to a recent report, followed by PayPal, Vanguard and bitcoin. NetBase examined 55 brands across sectors including banking, credit cards, investment banking, payment services, insurance, online lenders and crypto.
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247 11 Ways Fintech and Banking Will Change in 2017
Bank Innovation
DECEMBER 13, 2016
This was a big year for fintech, with new regulations, new startups, and new technologies displayed across events like Sibos and Money20/20, making it clear that the progress of fintech can’t really be stopped. It’s almost time to wave goodbye to 2016. But how will it continue? That’s the real Read More.
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150 Finovate Fall 2017 Day Two: Biometrics, Artificial Intelligence, and APIs
Bank Innovation
SEPTEMBER 13, 2017
Finovate Fall 2017 continued its second day of demos with financial service companies showing off everything from biometric solutions for traders, to how to program an old gumball machine to accept mobile payments.
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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.
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Meet the New Technologies Demoing at Bank Innovation 2017
Bank Innovation
FEBRUARY 6, 2017
Companies from a wide range of fintech are finalists in the demo contest at Bank Innovation 2017, the event announced today. The finalists were chosen from applicants from around the world. A total of 12 companies will demo at Bank Innovation. The winning startup will be named Best in Show. Read More.
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British SMB FinTech Firm Tide Looks To Grow In India
PYMNTS
JANUARY 18, 2021
As part of its international growth plans, British business FinTech company Tide unveiled intentions for an experimental rollout in India in the first quarter of this year with a broader launch to come, Business Standard reported. Tide provides corporate accounts and adjacent banking offerings.
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The Finanser’s Week: 17th April – 23rd April 2017
Chris Skinner
APRIL 23, 2017
The interview is now online so I thought I would share it here ….BANK: I’ve blogged about how I see leadership in the developing (developed now) economies of China and India, and the new innovation models of emerging economies in Sub-Saharan Africa, but not quite in the way in which I see them now.
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10 Most Innovative CEOs in Banking 2018
Bank Innovation
FEBRUARY 28, 2018
EXCLUSIVE – Everything in banking is changing: fintechs are solidifying their place in the financial ecosystem, as challenger banks, online lenders, and blockchain technology providers become essential functions to keep the industry moving forward.
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5 Reasons Small Business Owners Need to Follow Fintech in 2017 [SPONSORED]
Bank Innovation
DECEMBER 21, 2016
Fintech, the marriage of finance and technology, has been part of the business world for decades. As a small business owner, you should keep tabs on the fintech industry. In recent years, the explosion of innovation has brought even more attention to this sector. Here’s a few reasons why it’s Read More.
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Online Lender SoFi Sees $12M Loss In Q3
PYMNTS
NOVEMBER 12, 2018
Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. The FinTech company has now recorded losses for the second consecutive quarter. In August, it posted a second quarter loss of about $200 million.
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Funding for Startups in FIS-Backed Fintech Accelerator Reaches $38 Million
Bank Innovation
JANUARY 30, 2018
EXCLUSIVE – If the future of banking is partnering with fintech startups, then finding the most innovative and efficient fintechs becomes crucial for banks’ success. based The Venture Center’s FinTech Accelerator program, which is backed by financial […]. One such program is Little Rock, Ark.-based
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358 US Dept. Of Commerce Pegs China As 2017 FinTech Leader
PYMNTS
AUGUST 2, 2016
In looking ahead at the near-term emergence of FinTech markets, the U.S. According to the report, China will be the biggest export market for payments next year; Japan will be the biggest exporter for FinTech overall. percent and online borrowing at 5.6 percent and online borrowing at 5.6 percent, insurance services at 7.7
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What’s the State of Banking Innovation in 2017?
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.
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257 The Finanser’s Week: 19th June – 24th June 2017
Chris Skinner
JUNE 25, 2017
He had found a nice little FinTech start-up with a really neat Open API capability which could … How does a financial curator make money? New Zelle app could mean the end of the bank ATM – WCPO … The post The Finanser’s Week: 19th June – 24th June 2017 appeared first on Chris Skinner's blog.
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Top 4 Fintech Funding Rounds: Tiger Brokers, Rockets of Awesome, Monese, Ripio
Bank Innovation
JANUARY 4, 2017
Another day, another dollar—only this is fintech, so it would be more accurate to say another day, another multi-million investment in blockchain, virtual currency, mobile banking, e-commerce, and/or all of the other technologies on the playground. So far, 2017 fintech funding hasn’t veered far from the areas of interest in Read More.
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NY Challenges OCC’s FinTech Charter Decision
PYMNTS
SEPTEMBER 14, 2018
To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government. Cuomo on June 1, 2017 required DFS to study online lending in New York State and submit a report of its findings.
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173 What is the State of Banking Innovation in 2017?
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 […].
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220 Morgan Stanley Goes After Brazilian FinTech Market
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.
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PayU CEO: What To Watch In 2017
PYMNTS
JANUARY 3, 2017
Rather than providing what he described as a horoscope for 2017, Le Moal instead shared his perspective on some of the biggest trends observed in 2016 and how they will shape the developing payments landscape now that 2017 is here. Hello 2017! Prediction #1: Disruption. Prediction #3: Funding and Valuations.
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Singapore FinTech Festival 2017: Another Year of Celebrating FinTech
Let's Talk Payments
NOVEMBER 7, 2017
Singapore’s FinTech is on the way to global leadership Singapore is one of the gems of the global financial services industry ecosystem with ~200 banks with total assets of $2.
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Bitcoin Breaks Through $20,000 Mark, Hits Record Highs
PYMNTS
DECEMBER 16, 2020
16), heading above the $20,000 mark for the first time ever — eclipsing its previous record high set in 2017. Bitcoin’s latest record high recalls its groundbreaking rally to nearly $20,000 in 2017. Cryptocurrency fans, however, argue that now is different — with big investors piling in — as opposed to the retail frenzy of 2017.
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Why P2P Could Soon Play A Leading Role In Middle East FinTech
PYMNTS
DECEMBER 11, 2019
When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. That doesn’t mean it’s been easy. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets.
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New York vs OCC: Let’s Think of the Children
Bank Innovation
FEBRUARY 17, 2017
The Empire State really wants to be in charge of the fintech sandbox—and it wants the OCC out already. In his recent 2017 budget proposal, Governor Andrew Cuomo outlined a few changes that might be in store for New York State fintechs, particularly online lenders. These changes include expanding the Read More.
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Silicon Valley FinTech Brex Scores $200M Credit Line
PYMNTS
DECEMBER 12, 2019
San Francisco FinTech Brex announced a $200 million debt capital raise from Credit Suisse that will be used to expand its eCommerce business and credit offerings to new companies, Brex announced in a press release on Thursday (Dec. Brex deals in business-to-business (B2B) payments with corporate cards tailored to specific industries.
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Naspers Earmarks $1B For Indian FinTech Investments
PYMNTS
MARCH 13, 2019
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. In 2017 Indian startups raised $10.4 That reduced its stake to 31.2 billion.
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UK FinTech SumUp Acquires POS Firm Goodtill
PYMNTS
NOVEMBER 19, 2020
Goodtill’s POS technology helped hospitality businesses quickly pivot to mobile table service and online ordering during the coronavirus crisis. To help its clients do business safely during COVID-19, SumUp introduced new payment links, invoicing options and selling tools through its online store.
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China Rapid Finance Is Expecting to Add 3M New Borrowers by End of 2017
Bank Innovation
SEPTEMBER 4, 2017
EXCLUSIVE — Shanghai-based online lender China Rapid Finance reported a 240% growth in consumer loan volume year-over-year and is expecting its continued focus on its target consumer base to continue that growth. The company, which last year became the second Chinese online lender to conduct a U.S.
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3 Financial Services Trends We’ll See in 2021
Perficient
JANUARY 12, 2021
This also represents sustained growth as it marks a 3.15% increase from the previous year and a gain of 7.09% over the three-year period from 2017 to 2020. In these times of economic crises and lending restrictions, FinTech will disrupt and fill the gap. The number of small businesses in the U.S. reached 31.7 businesses. Open Banking.
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Wirecard Linked To Mafia Money Laundering
PYMNTS
AUGUST 3, 2020
Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). ” Wirecard declined to comment for the FT article.
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First National Bank Plans Online SMB Lending Portal
PYMNTS
DECEMBER 13, 2017
12) that it is working with FinTech firm RCGILTNER Services to deploy the digital platform, which will launch in the first quarter of 2018. After watching the emerging digital lending space closely, and evaluating options during 2017, we believe we’ve found the best solution for our lending strategy.”.
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108 Cross-Border Payments Need More Than Bank-FinTech Collaboration
PYMNTS
DECEMBER 14, 2018
When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration , particularly between banks and FinTech firms. “The modern-day client expects a seamless transaction experience,” he said.
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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending
PYMNTS
JANUARY 7, 2019
The GAO said it had seen — through interviews with 11 FinTech firms — loan volume grow by sevenfold, while collaborative efforts with banks continued to grow from 2013 to 2017. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties. Sandboxes, Gathering Steam.
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