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.
Four Fintechs Eyeing IPO in 2017
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. Global financing Read More.
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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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German FinTech N26 Eyes IPO With Hiring Of New CFO
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 Following the U.K.’s
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Blockchain Starts 2017 With A Bang
PYMNTS
JANUARY 3, 2017
PYMNTS examines the data surrounding the latest developments of blockchain, already off to a speedy start in 2017. That figure is expected to increase in 2017 and beyond. In 2017, Wyre said, blockchain technology offers the opportunity to reduce both of those metrics. and China accumulated in 2015 alone. reports noted.
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SXSW Accelerator Fintech Finalists for 2017 Announced
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.
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Key themes at Sibos 2017
Accenture
NOVEMBER 27, 2017
Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models. Open APIs was the standout technology at the conference.
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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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The biggest fintech appointments of 2017 so far Pt. 2
Bobsguide
AUGUST 22, 2017
Our roundup of the biggest people moves affecting the fintech industry throughout 2017. Monzo has named Tom Foster-Carter as its new Chief Operations Officer. Monzo appoints Curve co-founder as COO. With previous spells at child friendly banking Osper, and app banking Tandem Bank, he.
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ICOs Are Already Revolutionizing Fintech, Moeda CEO Says
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.
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FinTech Veteran Dan Henry Tapped To Lead Green Dot
PYMNTS
MARCH 25, 2020
Branchless bank and FinTech Green Dot has reported that Dan Henry will step in as its new president and CEO, and will also join the board of directors. Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. million.
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139 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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The Finanser’s Week: 29th May – 4th June 2017
Chris Skinner
JUNE 4, 2017
I’ve mentioned this many … MNOs sweep up Africa at the banks’ expense During the discussions at Dot Finance Africa, there was a very interesting dialogue about the mobile network operators (MNOs), with panels featuring Airtel and M-PESA.
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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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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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144 Federal Reserve To Propose Faster Payments In 2017
PYMNTS
OCTOBER 4, 2016
The member of the two groups include representatives of financial institutions, consumer groups, payment service providers, fintech firms, businesses, and government agencies. The first part is planned for release in January 2017. Part two of the report should be released in mid-2017.
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FinTech Firms On The New FinTech Charter
PYMNTS
AUGUST 3, 2018
Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. FinTech Improvements.
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Deutsche Bank Takes Stake In Open Banking FinTech
PYMNTS
SEPTEMBER 19, 2019
percent stake in the German-based FinTech Deposit Solutions, according to a Deutsche Bank press release on Thursday (Sept. Deutsche Bank has had a relationship with Deposit Solutions since 2017 with a savings product called ZinsMarkt. Deutsche Bank has acquired a 4.9 ZinsMarkt has already processed about €2 billion ($2.2
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188 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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Fintech Partnerships: A competitive advantage
Abrigo
JUNE 14, 2017
Many banks and credit unions have found a path to growth via partnerships with fintechs. Technology partners offer much more than just software to banks; a fintech partnership provides delivery channels, convenience, corporate governance , advisory services, and industry data. Additional Resources Hiring headache?
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The Finanser’s Week: 27th March – 2nd April 2017
Chris Skinner
APRIL 2, 2017
Just a few weeks ago, I was in Bahrain, talking at a conference about FinTech as usual. What struck me is the interest and excitement about FinTech in both … GulfTech is a challenge due to diversity I took part in a webinar the other day, focused upon the developments in digital banking in the Middle East.
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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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The year in IBM FinTech
Insights on Business
DECEMBER 27, 2017
As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. Some even say that blockchain will be the most influential FinTech technology of 2018.
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The Finanser’s Week: 20th February – 26th February 2017
Chris Skinner
FEBRUARY 26, 2017
A summary of the main blogs of the week … The FinTech Wave, Part One (part two next week) I wrote a blog the other day for The Next Web. the 2030s and Samantha There’s a line in the 2013 film Her, it’s not just an operating system, it’s a consciousness. I thought it was ok, and it has gained a lot of traction socially. But … web 1.0,
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150 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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116 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. But to operate at scale, businesses need scale. Prediction #1: Disruption.
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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. But that’s not all. “We
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Bitcoin Daily: Ping An’s FinTech Arm Teams Up To Launch Blockchain Solution; CFTC Calls For Default Ruling For Alleged Ponzi Scheme Founder
PYMNTS
APRIL 5, 2020
The program will pull in data from Chinese custom services, port operators, logistics companies, financial institutions and export and import firms, and will aim to make financial matters more accessible and offer a better, cheaper tracking system. OneConnect is the financial arm for Ping An Insurance, the largest insurer in China.
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In The Middle East, Banks Embrace FinTech
PYMNTS
JANUARY 29, 2019
Efforts in the Middle East by banks and other financial institutions to embrace FinTech are on the rise. As reported from Daily News Egypt , a consortium of banks in the region expects a number of FIs, including those in Egypt, to embrace FinTech. Finxact’s own offerings operate in the cloud. “I Outside U.S.
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Bump On The Road To National FinTech Charters?
PYMNTS
MAY 6, 2019
The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. In the U.K., In the U.K.,
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Most FIs Don’t Consider FinTech Firms As Competitors, But Maybe They Should
PYMNTS
APRIL 29, 2019
percent only taking one month in 2017. Most banks operated in specifics, and were responding to current (50.6 percent of CU members expressed willingness to switch from a CU to a FinTech, due to easier and more convenient services. In 2018, it took longer to bring new features to market than in prior years. Community banks (45.6
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FinTech Has Yet To Make Impact On Trade Finance Gap
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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Mexican Gov’t Eyes FinTechs For Cheaper X-Border Transactions
PYMNTS
FEBRUARY 15, 2019
The Mexican government is hoping FinTechs will make sending cash home for Mexican families living abroad more affordable. That is something the FinTechs are probably in a better position to do than traditional actors such as banks,” Herrera told Reuters in a recent interview. percent boost from 2017.
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Argentina FinTech Ualá Debuts Mobile POS For SMBs
PYMNTS
DECEMBER 4, 2020
million cards in Argentina since its 2017 debut. It launched operations in Mexico in September, issuing around 1,000 cards a day there, Bloomberg reported. Ualá provides various financial services based on a prepaid card and works via a mobile app. The company has issued more than 2.5
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191 Naspers Earmarks $1B For Indian FinTech Investments
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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123 GonzoBanker Awards 2017
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?
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FinTechs Help Global Banks Tackle Their Own SMB Shortcomings
PYMNTS
SEPTEMBER 27, 2019
percent decline in correspondent banking activity in 2017. Others, like Ebury , are deploying FinTech solutions to move money through mechanisms beyond correspondent banking. And correspondent banking’s inefficiencies aren’t the only area in which traditional banks fall short when addressing SMBs’ global operation needs.
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138 Singapore Provides ‘Springboard’ To Asian Markets For FinTech
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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107 For Banks, 2019 A Balancing Act Of FinTech And SMB Customer Service
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.
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FinTech N26 Metal Card Gets An Update
PYMNTS
JUNE 14, 2018
N26 , the FinTech bank startup, is upgrading its N26 Metal card, with a launch happening Wednesday (June 13). According to a report in TechCrunch , the card was first announced at TechCrunch Disrupt Berlin in December of 2017 and was available for early access by N26 Black customers.
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3 key fintech predictions for 2017
NCR
JANUARY 17, 2017
Given the prevalence of financial services across the globe – in both emerging and developed markets – the disruption opportunity for fintech startups is massive. As fintech startups battle it out to get their share of the business, the drive for innovation is spreading well beyond traditional tech hubs and basic banking products.
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40 AltFin Shines As Investor Interest In B2B FinTech Continues
PYMNTS
MARCH 2, 2018
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. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7
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118 Mobile Devices Take On SMB FinTech Functionality, Usability
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.
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Rocket Internet Eyes AI, FinTech Investments
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 Internet owns majority stakes in HelloFresh and Global Fashion Group. Sales were up 18 percent after excluding the impact of currency changes.
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