Things worth reading: 24th February 2017
Chris Skinner
FEBRUARY 24, 2017
The post Things worth reading: 24th February 2017 appeared first on Chris Skinner's blog.
2017 Fintech Security Taxes 
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 Blockchain.
Fintech 
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Trending Sources
FinTech Partnerships With FI Marked By Global Scope
PYMNTS
JUNE 15, 2018
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. The software firm, Sage, has had five of its accounting offerings focused on VAT, accredited by the UAE Federal Tax Authority. firm , PrimeRevenue.
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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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Can FinTech Walk The FinTalk?
PYMNTS
APRIL 30, 2018
In this world, the only things certain are death and taxes. 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.
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What borrowers want - Bringing value to the member relationship
Abrigo
SEPTEMBER 6, 2017
In a world filled with digital loan applications, growing fintechs and booming small businesses, credit unions need to continually evaluate their borrower experience. When it comes to borrower experience, 78 percent of community financial institution borrowers reported overall satisfaction as opposed to 46 percent of fintech borrowers.
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The Fintech 250: The Top Fintech Startups Of 2018
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.
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The ICBA 22/23 executive committee is all in
Independent Banker
MARCH 31, 2022
Treasurer Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D. We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. For instance, ICBA is calling for congressional hearings on the credit union tax exemption. Covington, Ind.
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Regulatory Tracker: Sandboxes Gain, While Cryptos Wane
PYMNTS
APRIL 2, 2018
On the global stage, bitcoin fell below $7,000 to just above $6,800, and Ripple slipped to its lowest price since the end of 2017. Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. Sandboxes are finding their way into the FinTech arena in the United States.
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39 Crypto Fintech Unicorns
Fintech Labs Insights
FEBRUARY 22, 2022
Since cryptocurrency is such a hot sector, we created a separate offshoot of our Fintech Unicorn list tracking crypto/blockchain startups involved in financial services ( see definitions below ). We are not including all crypto companies, only those that have financial services activity as a core part of their offering ( eg., Value ($B).
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39 Crypto Fintech Unicorns
Fintech Labs Insights
FEBRUARY 22, 2022
Since cryptocurrency is such a hot sector, we created a separate offshoot of our Fintech Unicorn list tracking crypto/blockchain startups involved in financial services ( see definitions below ). We are not including all crypto companies, only those that have financial services activity as a core part of their offering ( eg., Value ($B).
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Wirecard Teams With BASF Digital Farming; BPP Unveils Digital Wallet In Brazil
PYMNTS
JANUARY 31, 2019
In addition, Grab plans to start offering solutions and privileges from United Overseas Bank Limited (UOB) in Singapore , Fintech firm BPP has unveiled a digital wallet dubbed BPP Pay for the Brazilian market and passengers from China can now make payments with WeChat Pay at an airport in Italy.
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Small Businesses At The Center Of Bots Vs Accountants
PYMNTS
JANUARY 9, 2019
In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers. McKinsey research , released in 2017, pegged the number of jobs worldwide that could be lost to automation by 2030 at 800 million.
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How Does ChatGPT Describe the Economy and Banking?
Jeff For Banks
FEBRUARY 4, 2023
Additionally, the implementation of new policies by the government, such as changes to taxes and regulations, could also influence economic outlook. Additionally, regulatory changes and increasing competition from fintech companies could also impact the outlook for banks in the future. The tool is still new and evolving.
The Middle Market’s Expense Management Conundrum
PYMNTS
JANUARY 22, 2018
There is another market segment, however, that similarly struggles to secure this Goldilocks effect, with products that aren’t too small and aren’t too large: the middle market. ” What is clear, though, is that demand for T&E technologies is on the rise. “We are more than welcoming them.”
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116 Mastercard Files Patent To Use Blockchain To Protect Identity Data
PYMNTS
APRIL 17, 2018
The application , which was originally filed in September 2017 and was released by the U.S. Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more.
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Bitcoin Tracker: Bitcoin Black Friday
PYMNTS
NOVEMBER 11, 2016
Long a bitcoin- friendly nation (bitcoin is VAT tax-free in Switzerland, for example), Switzerland’s FINMA has also solidified plans to clarify the legal treatment of cryptocurrencies and blockchain technology — sort of. It’s set a due date for the report on clarifying the legal treatment of cryptocurrencies: the end of 2017.
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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.
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Is Small Business Lending Facing a ‘Moment of Reckoning?’
Gonzobanker
MAY 31, 2019
But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? billion to small businesses in 2018, up nearly 36% over 2017 and double that of 2016. In a recent American Banker. While online lenders Kabbage and OnDeck lent $2 billion and $2.5 Taking Stock.
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A Global Approach To Local B2B Payments Digitization
PYMNTS
OCTOBER 10, 2017
The 2017 report , released Monday (Oct. Emerging Asia is seeing ongoing traction for payment cards in the corporate sphere as companies turn to commercial cards for more secure supplier payments. Banks must embrace this opportunity to enhance their offerings in collaboration with FinTechs and third-party developers.
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Tech Center: EU’s Capital City Grows Tech Reputation
PYMNTS
FEBRUARY 10, 2017
The World Bank ranked Belgium as the seventeenth best country in which to do business in 2017, out of 190 regions. Just last month, Belgium and London formed a “FinTech bridge” to help enable a supportive link between startups in both jurisdictions. It was also ranked in first place for trading across borders. environment.
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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. And we’re not just talking about cyberattacks. The report found that more than half of these breaches (55.5
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100 Bitcoin Tracker: Blowing Past Milestones
PYMNTS
MAY 5, 2017
At this time last year, BTC traded at $460, meaning the digital currency’s value has grown over 230 percent within the period—with just over half of that growth coming in the first five months of 2017. With growth like this, the “ outrageous prediction ” that bitcoin could hit $2,000 in 2017 doesn’t seem quite so out there. (To
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Faster Payments: Does The Fed Have A Hidden Agenda?
PYMNTS
MARCH 18, 2019
In its final report, published in January of 2017, the Fed expressed its support of the collectively developed faster payments framework in the U.S., That seems like music to the ears of FinTechs seeking new rails to connect them directly to and from the bank accounts of consumers and businesses. Sounds like a win for banks, yes?
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Fintech Favorites
Fintech Labs Insights
JANUARY 8, 2017
“In the longer term, it can be applied to enhance the security, speed, cost, and efficiency of a massive range of transaction-based banking functions which currently rely on traditional legacy process.” FI/fintech partnerships and investments such as the above notwithstanding, the U.S.
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Sacred Data for Sale, steal it while you can!
Lex Sokolin
AUGUST 5, 2019
Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. There is a lazy thing to say, and I said it in 2017 about Equifax. Here is our factbase.
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Sacred Data for Sale, steal it while you can!
Lex Sokolin
AUGUST 5, 2019
Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. There is a lazy thing to say, and I said it in 2017 about Equifax. Here is our factbase.
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My top five Decentralized Finance predictions for 2020
Lex Sokolin
DECEMBER 25, 2019
There’s a lot to say about the overlap of Fintech and blockchain, but let’s find the very edge of the frontier and focus right there. Other things like Compound are essentially a securities lending marketplace?—?you See Staking Rewards and the chart below, and Coinbase for an example of a large Fintech providing the service.
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52 How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World
CB Insights
OCTOBER 10, 2018
We define startups disrupting banking broadly to include mobile-first fintech companies that primarily focus on leveraging technology and software to digitize and streamline retail and business credit, checking, and savings accounts. Revolut has been aggressively iterating on its products and blurring fintech business lines.
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail
CB Insights
FEBRUARY 13, 2020
These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Seed VC, 2019).
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5 Reasons to expand small business lending
Abrigo
DECEMBER 15, 2016
This trend of focusing on commercial lending for portfolio growth seems to be gaining, as reflected in a 2016 poll by Sageworks where 42 percent of respondents said they would be focused on CRE lending for portfolio growth in 2017, while 39 percent said C&I would be the core of their growth strategy.
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150 Deep Dive: Smoothing X-Border Subscription Payment Pains
PYMNTS
AUGUST 5, 2019
Merchants’ financial institutions (FIs) or payment processors are no doubt well aware that adhering to today’s stricter anti-money laundering (AML) regulations, tax evasion laws and economic sanctions — while simultaneously combatting cyber fraud — all add to these transactions’ complexity and expense.
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The Fintech Unicorns of the 21st Century (Dec 2021)
Fintech Labs Insights
JANUARY 21, 2022
At FintechLab s we maintain a list of 21st-century fintech unicorns* updated constantly ( current list here ). Full Fintech Unicorn List. In December, we added 7 new unicorns for a month-end total of 273. Their total market value is now $2.1 trillion, down $110B from last month. Unicorn count: Beginning (Dec 1) = 266. trillion. .
Fintech 15
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The 260 Fintech Unicorns of the 21st Century (Oct 2021)
Fintech Labs Insights
NOVEMBER 22, 2021
At FintechLabs we maintain a list of 21st-century fintech unicorns* updated constantly ( current list here ). Full Fintech Unicorn List. In October, we added 22 new unicorns for a total of 260. Their total market value is now $2.23 trillion, just $20B more than last month (essentially flat). Unicorn count: Beginning (Oct 1) = 238. +
Fintech 15
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The 260 Fintech Unicorns of the 21st Century (Oct 2021)
Fintech Labs Insights
NOVEMBER 22, 2021
At FintechLabs we maintain a list of 21st-century fintech unicorns* updated constantly ( current list here ). Full Fintech Unicorn List. In October, we added 22 new unicorns for a total of 260. Their total market value is now $2.23 trillion, just $20B more than last month (essentially flat). Unicorn count: Beginning (Oct 1) = 238. +
Fintech 15
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The 238 Fintech Unicorns of the 21st Century (Sep 2021)
Fintech Labs Insights
OCTOBER 19, 2021
At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). 3.5B: Coalition – US cybersecurity insurance provider founded in 2017. 1.3B: Marshmallow – UK auto insurance provider founded in 2017. 1.3B: Blockdaemon – US crypto payments provider founded in 2017. trillion. .
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15 The 266 Fintech Unicorns of the 21st Century (Nov 2021)
Fintech Labs Insights
DECEMBER 20, 2021
At FintechLabs we maintain a list of 21st-century fintech unicorns* updated constantly ( current list here ). Full Fintech Unicorn List. In November, we added 9 new unicorns, and lost 3, for a month-end total of 266. Their total market value is now $2.23 trillion, down $30B from last month (essentially flat). Total market value = $2.20
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15 PingPong On Connecting Chinese eCommerce, Outbound And Globally
PYMNTS
JANUARY 10, 2019
Platform operators and merchants must conduct due diligence related to everything from intellectual property and tariffs to tax laws and FX rates. And taking effect with the dawn of 2019, the Chinese government has put in place new initiatives tied to cross-border trade flows done by digital means into several markets.
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158 17 Of The Biggest Startup Frauds Of All Time
CB Insights
MAY 23, 2019
Mozido’s fintech fraud fiasco. After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. Mozido’s fintech fraud fiasco. The Outcome.
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78 From Investing To Budgeting, How Millennials Are Disrupting Personal Finance
CB Insights
SEPTEMBER 10, 2019
Download the free report to find out how fintech is shaping the future of wealth management and investing. This openness to banking alternatives presents opportunities for fintech startups looking to innovate in financial services from the outside. get the REPORT on next generation investors. From big banks to big tech. Retirement.
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Why initial coin offerings will not replace venture capital for startups
Bussman Advisory
FEBRUARY 21, 2018
Startups, primarily in the blockchain world, raised $4.6bn in various forms of token launches in 2017, a quantum leap from the $0.2 While this may not seem like much compared to the $188.8bn raised in traditional IPOs in 2017, five of the largest ICOs in history took place in October and November so there is clearly strong momentum.
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67 FinDEVr Silicon Valley: Looking Back, Moving Forward
Fintech Labs Insights
OCTOBER 3, 2016
Named by Self Lender as 1 of 3 startups who is “absolutely crushing it” in fintech. Announced new investment of $50 million, with another $25 million coming in 2017. Earned spot on first Forbes Fintech 50. Listed in Silicon Review as one of the 20 fastest growing security companies. fintech unicorns.
Reflections on 2016 in financial services
NCR
DECEMBER 19, 2016
From the gradual adjustment to EMV chip card technology in the US to the ongoing growth of fintechs and challenger banks, 2016 has been a big year for the financial services sector. Meanwhile, in Indonesia, many consumers moved back to cash after the government launched a plan to tackle tax evasion by tracking all credit card transactions.
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The Finanser’s Week: 15th May – 21st May 2017
Chris Skinner
MAY 21, 2017
The first says: “It’s great working for a FinTech start-up as I get to travel the world. The main line repeated throughout … This week’s major headlines include … BBC fools HSBC voice recognition security system – BBC A reporter’s twin foiled the HSBC security measure by mimicking his brother’s voice.
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