Bank Innovation

APRIL 13, 2018

The bank, which was officially launched in 2015, currently has a German banking license, allowing it to operate in other […]. Berlin-based challenger bank N26 will be opening its services to users in the United States and the United Kingdom by the end of this year, founder and chief executive officer Valentin Stalf told Reuters today.

United States 210

United States Operations Capital Online 210

PYMNTS

JUNE 22, 2020

Our cloud-based platform empowered our customers to quickly and safely move their employees to work from home with no disruption to their operations,” nCino Co-founder and CEO Pierre Naudé wrote in a letter to investors announcing the IPO. “We percent of total revenues) in fiscal 2018, representing a 64.7 million, or 74.7 million (70.4

North Carolina 150

North Carolina Capital Software Security 150

CB Insights

MARCH 20, 2019

From e-commerce to software to payments, several companies with $1B+ valuations exited in 2018. Using CB Insights data, we identified the startups with a $1B+ valuation that exited in 2018. We’ve also covered 2018’s 14 European unicorns , 37 Chinese unicorns , and 55 US unicorns.). Meituan Dianping.

Company 70

Company San Francisco Capital Software 70

PYMNTS

JUNE 6, 2019

The round was led by Innovation Endeavors, with Dynamo Venture Capital, AngelPad, Fontinalis Partners and Trucks Venture Capital also participating. The company has been testing the vans on public roads in California since early 2018. Gatik said it would soon announce more commercial partnerships. “We

Capital 108

Capital Operations California Innovation 108

PYMNTS

SEPTEMBER 8, 2020

Innovative partnerships like this one can support the agility and resilience of supply chains, accelerating access to finance and improving efficiency,” Michael Froman , vice chairman and president of strategic growth for Mastercard, said in the announcement. trillion funding gap in 2018, long before to the pandemic. 8) announcement.

Capital 199

Capital Groups Innovation Technology 199

PYMNTS

JUNE 18, 2020

as well as Durable Capital Partners LP in addition to current investors, accounts and funds that T. The company said the funds will help with new offerings that assist its retailers in handling the evolved operating climate as well as provide diners with secure and accessible ways to transact. Rowe Price Associates, Inc. among others.

Capital 141

Capital Community California Maine 141

PYMNTS

FEBRUARY 8, 2018

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. Three unnamed sources told Reuters that Chinese officials are opening up its large-value payment system to operate 21 hours a day, with the ability to process payments overnight.

Innovation 111

Innovation Payments blockchain Analysis 111

PYMNTS

MARCH 2, 2020

Lloyd’s Head of Innovation Trevor Maynard said per the report that the British insurance company is the “natural home for insurance innovation because of the unique ability of syndicates to collaborate to insure new things.”. The group has been blamed for stealing over $500 million in digital currency as long ago as 2018.

Bitcoin 177

Bitcoin Policies Groups California 177

PYMNTS

JULY 23, 2019

billion in a new funding round led by the venture capital firm Sequoia Capital. . What they’ve accomplished in achieving both rapid growth and strong unit economics is rare for a company this complex and so early on,” Sequoia Capital partner Roelof Botha said in an email to reporters.

Capital 146

Capital America Regulation Innovation 146

PYMNTS

JANUARY 26, 2020

Previous investors Global Founders Capital, Comcast Ventures and Trinity Ventures also gave money. Among the fastest-growing hotel brands, Life House has over 800 beds and 25 hotels that are expected to be operational by early next year. . Its website directly garners more than 65 percent of its bookings. .

Branding 130

Branding Software Operations Capital 130

PYMNTS

DECEMBER 4, 2020

Fitzmaurice added that “the new [pandemic] era of operating a non-optimized back office will affect a business’ ability to make fast decisions, which, as we have seen over the course of the pandemic, is vital, given the difficulties with traditional forecasting techniques. Enterprises have been onto this for a while.

Resources 142

Resources Operations System Capital 142

PYMNTS

DECEMBER 20, 2017

million in new venture capital (VC) funding. The company currently operates in Los Angeles and San Francisco, California, with expansion plans to enter other new markets in the first quarter of 2018. million in revenues by April 2018 and currently facilitates more than 150,000 shipments each month. Monday (Dec.

Los Angeles 112

Los Angeles San Francisco California Operations 112

PYMNTS

JUNE 28, 2019

However, the bank put the credit business up for sale with a larger strategy to divest some of its operations. CEO Des Crowley said in a statement, per reports, “Jaja is an innovative company which shares our commitment to delivering outstanding customer service. Bank of Ireland U.K. And private equity investments in U.K.

Cards 100

Cards Charlotte Fintech Innovation 100

PYMNTS

AUGUST 20, 2020

This week’s exploration of the latest in payment rail innovation finds industry heavyweights like Visa, SWIFT and NACHA eyeing speed and data to add value to both new and legacy payment infrastructures. Visa has joined the pilot Phixius program operated by NACHA, the companies recently revealed. Visa Joins NACHA Pilot.

Groups 252

Groups Payments Survey Data 252

Insights on Business

SEPTEMBER 26, 2016

In order to remain relevant to digitally astute and socially active customers, core banking processes, must be more reliable, scalable and secure requiring banks to constantly innovate. Without optimizing existing processes and platforms, it is a drag on creating anything new and innovative.

Innovation 70

Innovation System User Experience Meeting 70

Independent Banker

NOVEMBER 30, 2022

Driven by her goal to cultivate a supportive community for diverse tech startups, Kelauni Jasmyn founded the fiscally sponsored nonprofit Black Tech Nation in Pittsburgh in 2018. The venture capital fund itself is one of a very small percentage of majority Black-owned venture capital funds operating in the U.S.

Company 110

Company Community National Maryland 110

PYMNTS

DECEMBER 11, 2020

According to Kris Puskar , senior vice president and business banking sales and innovation director at Eastern Bank , the current climate has forced both small businesses and their banks to shift their mindsets away from historical data and take a closer look at what's happening today in order to best prepare for tomorrow.

Lending 233

Lending Capital Resources Taxes 233

PYMNTS

FEBRUARY 19, 2019

Further proof of that came recently from a young company based in San Francisco called Castle , which helps eCommerce operators such as Touch of Modern and Rue La La to defend against that type of fraud. The new capital will help fuel hiring and other growth, the company said. Fraud Prevention Innovation. Fraud Case Study.

Retail 118

Retail Fraud Case Study San Francisco 118

PYMNTS

OCTOBER 6, 2017

The small business loan market is oversaturated, she argued, creating a “FinTech credit bubble” that first showed signs of deflating as investors pulled out of some players like CAN Capital and LendingClub in 2016. Indeed, the remainder of 2017 and 2018 will see more partnerships between the banks and FinTechs.”. Alternative Lending.

Lending 152

Lending Capital Marketing Report 152

PYMNTS

SEPTEMBER 29, 2019

13, are due to unforeseen issues associated with a significant software transformation that we are executing in our fulfillment operation.”. “So Hyman reportedly said that Rent the Runway would be making “significant changes to our operation” in the weeks to come and that customers “should feel this improvement within the next three weeks.”.

Operations 108

Operations Software Report Capital 108

PYMNTS

DECEMBER 9, 2020

Or it may be a last gasp amid heightened valuations and investor enthusiasm, with a focus on a business model that has soared – and may, depending on how you look at it, face fresh challenges that crimp the drive to realizing black ink on the operating line. The pandemic has helped, no doubt, as it has brought us all toward ordering online.

Operations 190

Operations Report US Capital 190

PYMNTS

SEPTEMBER 29, 2019

13, are due to unforeseen issues associated with a significant software transformation that we are executing in our fulfillment operation.”. “So Hyman reportedly said that Rent the Runway would be making “significant changes to our operation” in the weeks to come and that customers “should feel this improvement within the next three weeks.”.

Operations 106

Operations Software Report Capital 106

PYMNTS

MAY 1, 2020

In the inaugural Digitizing B2B Payments Tracker® , a PYMNTS and Deluxe collaboration, the balance between paper and pixels is explored, revealing some unique and surprising strengths of hybrid accounts receivable (AR) operations. For those operators, the hybrid approach holds appeal.

Payments 132

Payments Tools System Online 132

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. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 This week’s blockchain investment comes from Square Peg Capital, which provided $5.5 Blockchain.

Fintech 118

Fintech Capital blockchain Lending 118

PYMNTS

NOVEMBER 4, 2019

Ebury operates in 19 countries and will expand in Latin America and Asia with Santander’s investment. The bank expects a return on invested capital higher than 25 percent in 2024. Ebury was the first FinTech to go live in 2018 with SWIFT’s global payments innovation.

Fintech 102

Fintech Capital America Payments 102

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.

Fintech 170

Fintech Financial Technology Technology Operations 170

PYMNTS

MAY 29, 2018

Pret A Manger has been in operation since opening its first London store in 1986. As of 2018, it generates around £879 million per year ($1.17 billion) and operates 530 stores in countries including the United States and China. As of this month, the firm announced it had struck a $7.15 billion licensing deal with Starbucks.

Management 100

Management United States Branding Maine 100

PYMNTS

SEPTEMBER 1, 2017

Don’t let the lack of news about mega-grossing venture capital (VC) rounds fool you. This week’s B2B venture capital activity led to an impressive $141.2 SIG, GGV Capital, Yunqi Partners, Huochebang, SKy9 Capital and Chuangban Investment also participated in the funding round, reports said. TravelBank.

Fintech 135

Fintech Capital Groups Analytics 135

Bobsguide

OCTOBER 4, 2022

“These compelling figures speak to a marked industry shift towards ‘open’ and reflect our journey, creating ways to innovate at scale and pace, and accelerate innovation through collaboration,” said Simon Paris, CEO at Finastra. “In In 2018 we declared that the future of finance is open.

Leadership 68

Leadership Innovation Industry Capital 68

PYMNTS

JUNE 6, 2019

Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services, according to a recent Federal Reserve report. Rather, payments and security have emerged as top focuses, according to the Credit Union Innovation Playbook.

Lending 129

Lending Analytics Data Security 129

PYMNTS

FEBRUARY 26, 2020

As TIP explains it, most residential Wi-Fi networks operate independently. For example, a Comcast Wi-Fi network would not currently be able to integrate a separate network that operates a home security system or a smart refrigerator that connects to a phone app. percent) between 2018 and 2019. percent to 14.5 percent (from 14.4

Software 140

Software Study Technology Analytics 140

PYMNTS

JULY 9, 2019

Operating in the U.K., based Battery Ventures, as well as Europe’s Dawn Capital and Accel. The latest funding will be used to focus on sales and product development as Soldo plans to expand into new European markets and invest further in innovation, the company said.

Management 100

Management Strategy Capital Payments 100

PYMNTS

DECEMBER 28, 2018

With FinTechs offering clients a range of easy-to-use, sophisticated products, banks in 2018 were pressured to react to small businesses’ demand for advisory services — not just data, and not just digital platforms. Bank technology provider nCino has kept this challenge in mind throughout 2018. percent drop in the number of U.S.

Fintech 177

Fintech Customer Experience Tools Technology 177

PYMNTS

DECEMBER 30, 2019

Japanese business to business (B2B) payments firm JCB is partnering with Singapore blockchain technology provider Keychain to capitalize on using blockchain in the payments space, JCB announced in a press release. Keychain is developing an innovative data security framework targeting the financial, industrial and enterprise spaces.

blockchain 102

blockchain Payments Security Cards 102

Independent Banker

JULY 31, 2022

While many banks are utilizing technology and trying to be innovative, they are doing so on an existing legacy structure that is too expensive, painful and ingrained in their culture to change.”. from 2016 until its sale in 2018. —Keith Costello, Locality Bank. “We His career has focused on aligning technology and banking services.

Florida 91

Florida Community Bank Community FDIC 91

Bank Innovation

FEBRUARY 1, 2019

E-commerce giant Amazon mentioned its cloud computing platform Amazon Web Services, or AWS, 58 times, its virtual assistant Alexa 25 times, and retail just once in its earnings release for the fourth quarter of 2018. Perhaps this is an indicator of where the company sees its future growth potential?

Retail 186

Retail Company Operations Capital 186

PYMNTS

SEPTEMBER 18, 2019

s largest banks, including Goldman Sachs, Citigroup and JPMorgan, are among the biggest investors in FinTechs, with a particularly large focus on payments technology startups as FIs remain on-track to meet last year’s FinTech equity deals (2018 equity investment levels saw a 180 percent increase from 2017’s levels, reports said).

Fintech 144

Fintech Payments Meeting Capital 144